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Tanger (SKT)
NYSE:SKT
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.23Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: -5.43%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Tanger's robust financial performance with increased core FFO, improved same-center NOI, and strategic acquisitions. However, challenges such as higher expenses, a non-cash impairment charge, and occupancy declines were noted. The overall sentiment is cautiously optimistic with a focus on strategic growth amidst some uncertainties.Company Guidance
During Tanger, Inc.'s First Quarter 2025 Conference Call, the company reaffirmed its full-year guidance, projecting same-center NOI growth in the range of 2% to 4% and core FFO of $2.22 to $2.30 per share, reflecting a growth of 4% to 8%. The first-quarter core FFO increased to $0.53 per share, with a 2.3% rise in same-center NOI, despite challenges like higher snow expenses. The company reported strong leasing activity, executing 2.5 million square feet of leases over the trailing 12 months. Tanger's occupancy stood at 95.8%, reflecting strategic re-merchandising efforts. The company also highlighted continued expansion, including the acquisition of Pinecrest for $167 million. With a robust balance sheet, Tanger remains confident in leveraging its assets to drive growth.Core FFO Growth
Core FFO increased to $0.53 per share, compared to $0.52 per share in the first quarter of the prior year.
Same-Center NOI Increase
Same-center NOI increased by 2.3% for the quarter, driven by higher rental revenues and strong retailer demand.
Strong Leasing Activity
Executed 2.5 million square feet over the trailing 12-month period, representing nearly 550 transactions with 13 consecutive quarters of positive rent spreads.
Occupancy and Portfolio Strategy
Ended the quarter with occupancy at 95.8%, reflecting strategic re-merchandising and expansion into new categories.
Acquisition and Portfolio Improvement
Acquired Pinecrest in Cleveland for $167 million, using cash on hand and line of credit.
Dividend Increase
Board of Directors approved a 6.4% increase in the dividend from $1.10 to $1.17 per share on an annualized basis.
SKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $31.51 | $29.93 | -5.01% |
Feb 19, 2025 | $34.27 | $35.60 | +3.88% |
Nov 06, 2024 | $33.21 | $34.83 | +4.88% |
Aug 01, 2024 | $28.01 | $27.27 | -2.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tanger (SKT) report earnings?
Tanger (SKT) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Tanger (SKT) earnings time?
Tanger (SKT) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKT EPS forecast?
SKT EPS forecast for the fiscal quarter 2025 (Q2) is 0.23.