Tanger Inc. (SKT) Stock

Tanger Inc. (SKT) is a Real Estate stock trading at $41.91 (as of 2026-07-24), with a market capitalization of $4.81B and a trailing P/E of 43.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Tanger Inc. (NYSE: SKT) owns and operates outlet and open-air shopping centers, including outlet properties, managed and lifestyle centers, totaling more than 15 million square feet across locations in the U.S. and Canada. It operates thousands of stores for brand tenants and serves retail shoppers through its portfolio of destinations.

Understand Tanger Inc.: how it makes money

Tanger Inc. owns and operates outlet and open-air retail shopping destinations, and it makes money primarily through Rental revenues earned from its outlet centers and related properties.

Because Tanger is an owner and operator of outlet and lifestyle shopping destinations, its profit model is structurally driven by Rental revenues from leased retail space across its portfolio.

Business quality (Mixed): Useful high-level indicators are available (Rental revenues and operating margin), but a complete, mutually exclusive segment revenue breakdown matching total revenue is not provided in the supplied facts.

Valuation: At 169× earnings, SKT trades 403% above the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Large, diversified property footprint: Tanger operates a portfolio of 38 outlet centers, one adjacent managed center, and one open-air lifestyle center across 20 U.S. states and Canada.
  • Broad tenant-brand ecosystem: Across its centers, Tanger operates over 3,000 stores for more than 700 brand-name companies, which supports its outlet destination model.

Bear case

  • Retail demand sensitivity: As a retail property operator, Tanger’s rental revenue outlook can be pressured if consumer demand and tenant sales weaken.
  • Operational and market execution risk: Maintaining and improving the outlet experience and tenant mix depends on ongoing execution, and underperformance can weigh on rental revenues.
Valuation — source: SEC EDGAR (first-party)
Price$41.91
Market Cap$4.81B
P/E Ratio43.9
EV / EBITDA25.5
Price / Book6.90
Price / Sales8.42
Profitability & Growth — source: SEC EDGAR
Revenue Growth (YoY)11.1%
EPS Growth (YoY)47.1%
Valuation vs Sector & Industry
Stock P/E43.9
Sector P/E (Real Estate)30.1
Industry P/E (Trading)34.8
vs Sector46.0%
vs Industry26.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($700.99M)
Institutional Holders Tracked10
Congressional Trades (recent)3
Company
SectorReal Estate
IndustryTrading
CEOStephen J. Yalof
Employees372
CountryUS
IPO Date1993-05-28

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SKT earnings history · SKT institutional & insider holders · SKT KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.