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Last $34.32 USD
Change Today -0.12 / -0.35%
Volume 808.6K
SKT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

tanger factory outlet center (SKT) Snapshot

Open
$34.47
Previous Close
$34.44
Day High
$34.60
Day Low
$34.26
52 Week High
01/23/15 - $40.80
52 Week Low
09/26/14 - $32.39
Market Cap
3.3B
Average Volume 10 Days
722.2K
EPS TTM
$0.91
Shares Outstanding
95.8M
EX-Date
04/28/15
P/E TM
37.7x
Dividend
$1.14
Dividend Yield
2.80%
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: $259.3K
Compensation as of Fiscal Year 2014.

tanger factory outlet center (SKT) Key Developments

Tanger Outlets at Foxwoods to Celebrate Grand Opening on May 21

Tanger Factory Outlet Centers Inc. and Foxwoods Resort Casino announced that Tanger Outlets at Foxwoods will celebrate the new center's grand opening on May 21 kicking off at 10:00 a.m. with an official ribbon cutting hosted by Drew and Jonathan from the hit show, Property Brothers. The festivities will run through the weekend and will feature personal styling sessions with a People StyleWatch fashion editor, a design workshop with the Property Brothers, an Instagram Tech Lounge, as well as special savings and giveaways. As part of the May 21 grand opening celebrations, Tanger will offer shoppers a chance to meet and greet Jonathan and Drew, as well as attend an exclusive workshop where the brothers will share design-on-a-budget advice. The Scott brothers have nearly 15 years of experience in the real estate industry and have a knack for finding down-and-out fixer-uppers and turning them into perfect properties for clients on their shows.

Tanger Factory Outlet Centers Announces Annual Dividend Payable on May 15, 2015

Tanger Factory Outlet Centers approved an 18.8% increase in the annual dividend on its common shares from $0.96 per share to $1.14 per shares. Simultaneously, the company declared a quarterly dividend of $0.285 for the first quarter ended March 31, 2015. This cash dividend will be payable on May 15, 2015 to holders of record on April 30, 2015.

Tanger Factory Outlet Centers Inc. Provides Earnings Guidance for the Year 2015

Tanger Factory Outlet Centers Inc. provided earnings guidance for the year 2015. 2015 outlook is positive. FFO per share guidance represents a 7% increase over 2014's AFFO per share after the 10% per share diluted effect related to completed and/or potential asset sales. Excluding the asset sales, this represents per share growth of 12%. January leasing spreads continue the positive trend in 2014. As of January 31, 2015, the company had executed leases or leases in process for 54% of the space expiring in 2015, which is about the same as renewal progress for 2014 expirations at the same time last year. Furthermore, 2015 leaves executions for space renewed and released within the consolidated portfolio through the end of January, resulted in an increase in average base rental rates in line with reported 2014 full year increase of 23%. The company expects same-center NOI to improve to 3% to 3.5% compared to 2.6% in 2014.

 

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SKT:US $34.32 USD -0.12

SKT Competitors

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Company Last Change
Equity One Inc $25.79 USD +0.05
Ramco-Gershenson Properties Trust $18.31 USD +0.11
Retail Properties of America Inc $15.54 USD +0.04
Taubman Centers Inc $73.65 USD +0.55
Weingarten Realty Investors $34.36 USD +0.05
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