Last $35.45 USD
Change Today 0.00 / 0.00%
Volume 1.2M
SKT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

tanger factory outlet center (SKT) Snapshot

Open
$35.36
Previous Close
$35.45
Day High
$35.69
Day Low
$35.14
52 Week High
01/23/15 - $40.80
52 Week Low
09/26/14 - $32.39
Market Cap
3.4B
Average Volume 10 Days
774.7K
EPS TTM
$0.91
Shares Outstanding
95.5M
EX-Date
01/28/15
P/E TM
39.0x
Dividend
$0.96
Dividend Yield
2.71%
Current Stock Chart for TANGER FACTORY OUTLET CENTER (SKT)

tanger factory outlet center (SKT) Related Businessweek News

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tanger factory outlet center (SKT) Details

Tanger Factory Outlet Centers, Inc. is a real estate investment trust. The firm invests in the real estate markets in United States. It focuses on developing, acquiring, owning, operating, and managing outlet shopping centers. Tanger Factory Outlet Centers, Inc. was founded in 1981, and is based in Greensboro, North Carolina.

289 Employees
Last Reported Date: 02/24/15
Founded in 1981

tanger factory outlet center (SKT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $800.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $405.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $371.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $350.0K
Senior Vice President of Leasing
Total Annual Compensation: $254.2K
Compensation as of Fiscal Year 2013.

tanger factory outlet center (SKT) Key Developments

Tanger Factory Outlet Centers Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014; Provides Earnings Guidance for the Full Year Ending December 31, 2015

Tanger Factory Outlet Centers Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported total revenues of $108,374 million, operating income of $35,587 million, net income available to common shareholders of $17,061 million or $0.18 per diluted share, funds from operations available to common shareholders of $39,382 million or $0.4 per diluted share compared to the total revenues of $107,325 million, operating income of $35,916 million, net income available to common shareholders of $21,706 million or $0.23 per diluted share, funds from operations available to common shareholders of $52,271 million or $0.53 per diluted share for the same quarter a year ago. For the year, the company reported total revenues of $418,558 million, operating income of $131,863 million, net income available to common shareholders of $72,139 million or $0.77 per diluted share, funds from operations available to common shareholders of $179,974 million or $1.82 per diluted share compared to the total revenues of $384,819 million, operating income of $127,705 million, net income available to common shareholders of $106,431 million or $1.13 per diluted share, funds from operations available to common shareholders of $192,026 million or $1.94 per diluted share for the previous year. 2014 AFFO per share increased 4.8% to $1.97 per share compared to $1.88 per share in 2013. The company provided earnings guidance for the full year ending December 31, 2015. For the year, the company expects diluted net income per share in the range of $1.47 to $1.53 and diluted FFO per share in the range of $2.07 to $2.13. The guidance assumes same-center net operating income growth of approximately 3% to 3.5%, average general and administrative expense of approximately $11.5 million to $12 million per quarter, 10% per share dilution related to dispositions completed in 2014 and expected to close 2015, and dilution of approximately $0.02 associated with the strengthening dollar as it relates to Canadian operations.

Tanger Factory Outlet Centers Inc. Presents at 18th Annual Wells Fargo Real Estate Securities Conference, Feb-25-2015

Tanger Factory Outlet Centers Inc. Presents at 18th Annual Wells Fargo Real Estate Securities Conference, Feb-25-2015 . Venue: Th Plaza Hotel, 5th Ave at Central, Park South, New York, NY 10019, United States.

Tanger Factory Outlet Centers Inc. and Poag Shopping Centers to Celebrate Ground Breaking Ceremony of New Tanger Outlets

Tanger Factory Outlet Centers Inc. and Poag Shopping Centers, LLC to celebrate the Ground Breaking Ceremony of the new Tanger Outlets this spring on March 13. The ceremony will include city and state officials as well as local community leaders. Work is currently well underway at the site located in Southaven, Mississippi and guests will view the progress in person at this official ceremony. During the construction phase of the project, Tanger will create an estimated 400 construction jobs and once complete, the center will create over 900 full and part-time positions. The center is expected to generate approximately $7.5 million in additional sales tax annually. The site of this new Tanger Outlets located in Southaven, MS just 4.5 miles from Memphis, TN at the Northeast quadrant of I-69/55 and Church Road. This dynamic location offers great visibility along I-69/55, which sees traffic from 47,000 to 57,000 cars daily. Phase One will deliver approximately 310,000 square feet of gross leasable space to the market expected to house more than 70 upscale brand name and designer outlet stores.

 

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