Tanger Factory Outlet Centers Inc
Research Tanger Factory Outlet Centers Inc (SKT) on Bullrun: valuation model: 11.5% overvalued, market cap USD 4.03B, P/E 32.1, dividend yield 3.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSKT
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Retail
- CurrencyUSD
- Valuation signal11.5% overvalued
- Market capUSD 4.03B
- P/E32.1
- Dividend yield3.5%
- Financial periodQ2 2026
- RevenueUSD 156.39M
- Net incomeUSD 33.24M
- Free cash flowUSD 93.46M
- Gross margin70.9%
Valuation Snapshot
Bullrun's latest valuation model marks Tanger Factory Outlet Centers Inc as 11.5% overvalued; latest market cap is USD 4.03B; P/E is 32.1; dividend yield is 3.5%.
Peer valuation comparison
Latest P/E is 32.13x versus a Real Estate sector median of 14.08x (128.2% above).
Latest dividend yield is 3.45% versus a Real Estate sector median of 4.78% (27.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 581.56M | USD 114.78M | USD 295.37M | 69.7% | 0.99 | USD 18.13M | USD 1.69B | USD 706.48M |
| FY2024 | USD 526.06M | USD 98.60M | USD 260.68M | 69.8% | 0.88 | USD 46.99M | USD 1.51B | USD 652.37M |
| FY2023 | USD 464.41M | USD 99.15M | USD 229.61M | 68.7% | 0.92 | USD 12.78M | USD 1.53B | USD 566.79M |
| FY2022 | USD 442.61M | USD 82.06M | USD 213.96M | 67.5% | 0.77 | USD 212.12M | USD 1.52B | USD 491.64M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 4.03B | 32.1 | 3.4% | 1.21 |
| 2025 | 2025-12-31 | USD 3.84B | 33.7 | 3.4% | 1.15 |
| 2024 | 2024-12-31 | USD 3.85B | 38.8 | 3.2% | 1.1 |
| 2023 | 2023-12-29 | USD 2.98B | 31.9 | 3.5% | 0.98 |
| 2022 | 2022-12-30 | USD 1.87B | 24.9 | 4.5% | 0.8 |
| 2021 | 2021-12-31 | USD 2.01B | 241.0 | 3.7% | 0.72 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.21 USD, yield 3.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.15 USD |
| FY2024 | 1.1 USD |
| FY2023 | 0.98 USD |
| FY2022 | 0.8 USD |
About Tanger Factory Outlet Centers Inc
Tanger Inc. is a leading owner and operator of outlet and other open-air retail shopping destinations, with 45 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers and four open-air lifestyle centers includes nearly 17 million square feet well positioned across tourist destinations and vibrant markets in 22 U.S. states and Canada.
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Frequently asked questions
Is Tanger Factory Outlet Centers Inc overvalued or undervalued?
Bullrun's valuation model currently marks Tanger Factory Outlet Centers Inc as 11.5% overvalued.
What is Tanger Factory Outlet Centers Inc's market cap?
Tanger Factory Outlet Centers Inc's market capitalization is USD 4.03B.
What is Tanger Factory Outlet Centers Inc's P/E ratio?
Tanger Factory Outlet Centers Inc's price-to-earnings (P/E) ratio is 32.1.
Does Tanger Factory Outlet Centers Inc pay a dividend?
Tanger Factory Outlet Centers Inc has a dividend yield of 3.5%.
What does Tanger Factory Outlet Centers Inc do?
Tanger Inc. is a leading owner and operator of outlet and other open-air retail shopping destinations, with 45 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers and four open-air lifestyle centers includes nearly 17 million square feet well positioned across tourist destinations and vibrant markets in 22 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 800 different brand name companies.