Tanger Factory Outlet Centers (SKT) 41.33 $SKT
Tanger Prices $250 Million 3.125% Senior Notes Due 2026
PR Newswire - Mon Aug 01, 3:57PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its operating partnership, Tanger Properties Limited Partnership, has agreed to sell $250 million of 3.125% senior notes due 2026 in an underwritten public offering through BofA Merrill Lynch and Wells Fargo Securities as joint book-running managers. The notes were priced at 99.605% of the principal amount to yield 3.171% to maturity. The notes will pay interest semi-annually at a rate of 3.125% per annum and mature on September 1, 2026.
SKT: 41.33 (-0.39), WFC: 47.70 (-0.11)
Tanger Announces Public Offering of Senior Notes Due 2026
PR Newswire - Mon Aug 01, 8:13AM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its operating partnership, Tanger Properties Limited Partnership, intends to commence a public offering of senior notes due 2026, subject to market and other customary conditions. BofA Merrill Lynch and Wells Fargo Securities will act as joint book-running managers. Tanger intends to use the net proceeds from the sale of the notes to repay a $62.0 million floating rate mortgage loan related to its outlet center in Glendale (Westgate), Arizona, repay borrowings under its unsecured lines of credit, and for general corporate purposes.
SKT: 41.33 (-0.39), WFC: 47.70 (-0.11)
Tanger Outlets CEO Steve Tanger Appears on CNBC's "Mad Money with Jim Cramer"
PR Newswire - Fri Jul 29, 4:28PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today announced that the company's President and CEO, Steven B. Tanger, appeared as a featured guest on CNBC's "Mad Money with Jim Cramer" on Thursday, July 28, 2016.
SKT: 41.33 (-0.39)
Tanger Reports Second Quarter 2016 Results
PR Newswire - Tue Jul 26, 3:20PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported net income available to common shareholders for the three months ended June 30, 2016 increased 192.3% to $0.76 per share, or $72.7 million, from $0.26 per share, or $24.2 million, for the three months ended June 30, 2015. Net income available to common shareholders for the six months ended June 30, 2016 increased 67.7% to $1.04 per share, or $99.5 million, from $0.62 per share, or $58.3 million, for the six months ended June 30, 2015. Net income for the three and six months ended June 30, 2016 was positively impacted by a $49.3 million gain on our previously held joint venture interest related to the acquisition of our partners' ownership interests in Tanger Outlets Westgate, an upscale outlet center located in Glendale, Arizona, and for the six months ended June 30, 2016 was also positively impacted by a $4.9 million gain recognized on the sale of the Company's outlet center located in Fort Myers, Florida in January 2016. Net income available to common shareholders for six months ended June 30, 2015 was positively impacted by a $13.7 million gain on the sale of the Company's 50% ownership interest in the Wisconsin Dells, Wisconsin joint venture in February 2015.
SKT: 41.33 (-0.39)
Tanger Declares Dividend For Second Quarter 2016
PR Newswire - Fri Jul 08, 3:15PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its Board of Directors declared a quarterly dividend of $0.325 per share for the second quarter ending June 30, 2016. A cash dividend of $0.325 per share will be payable on August 15, 2016 to holders of record on July 29, 2016.
SKT: 41.33 (-0.39)
How These Retail REIT's Stocks are Performing? - Brixmor Property, Macerich, Tanger Factory Outlet Centers, and Kite Realty
PR Newswire - Thu Jul 07, 6:30AM CDT
Retail REITs continue to be affected by global macroeconomic conditions and shifts in consumer-spending patterns, but investors looking to diversify and solidify their portfolios should find a number of good opportunities in this space. This morning's top picks on Stock-Callers.com are: Brixmor Property Group Inc. (NYSE: BRX), The Macerich Co. (NYSE: MAC), Tanger Factory Outlet Centers Inc. (NYSE: SKT), and Kite Realty Group Trust (NYSE: KRG). Learn more about these stocks and receive your complimentary notes at:
SKT: 41.33 (-0.39), KRG: 29.52 (-0.40), MAC: 87.83 (-1.93), BRX: 28.13 (-0.14)
Downgrade Alert for Tanger Factory Outlet Centers (SKT)
Comtex SmarTrend(R) - Thu Jul 07, 3:38AM CDT
Tanger Factory Outlet Centers (NYSE:SKT) was downgraded from Buy to Neutral at Hilliard Lyons today. The stock closed yesterday at $40.77 on volume of 1.2 million shares, above average daily volume of 700,000. Based on a current price of $40.77, Tanger Factory Outlet Centers is currently 6.8% above its average consensus analyst price target of $38.00. Tanger Factory Outlet Centers shares have support at the 50-day moving average (MA) of $35.40 and additional support at the 200-day MA of $33.56.
SKT: 41.33 (-0.39)
Tanger Outlets Columbus to Celebrate June 24th Grand Opening with the Spirit of American Style
PR Newswire - Tue Jun 07, 3:32PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) and Simon announced today that Tanger Outlets Columbus will celebrate the new center's Grand Opening on Friday, June 24 kicking off at 10 a.m. with an official ribbon-cutting hosted by Steven B. Tanger, President and Chief Executive Officer of Tanger Outlets, Stephen Yalof, CEO of Premium Outlets, and Drew and Jonathan Scott from the hit show, Property Brothers, as well as state and local officials. The Grand Opening, which will benefit Ohio-based Flying Horse Farms and a local children's hospital, will run through the weekend and will capture the spirit of American style.
SPG: 223.61 (-3.99), SKT: 41.33 (-0.39)
Why Investors Have these retail REITs' Stocks on Their Radar? - Brixmor Property, Macerich, Tanger Factory Outlet Centers, and Regency Centers
PR Newswire - Tue Jun 07, 7:40AM CDT
Stocks in the REITs industry have always been favored for their high growth potential. And one of the best-performing subgroups in the segment this year is the retail space. So today, ActiveWallSt.com draws investors' attention back on four equities: Brixmor Property Group Inc. (NYSE: BRX), The Macerich Co. (NYSE: MAC), Tanger Factory Outlet Centers Inc. (NYSE: SKT), and Regency Centers Corp. (NYSE: REG). Learn how to access our free insights and technical alerts at:
SKT: 41.33 (-0.39), REG: 84.09 (-1.21), MAC: 87.83 (-1.93), BRX: 28.13 (-0.14)
Tanger Factory Outlet Centers, Inc. CEO Presentation at the NAREIT REITWeek Conference 2016
PR Newswire - Tue May 31, 3:15PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that Steven B. Tanger, President and Chief Executive Officer, will be a featured presenter at NAREIT's REITWeek Conference on Tuesday, June 7, 2016 at 11:45 a.m. EDT.
SKT: 41.33 (-0.39)
Tanger Elects Directors and Officers
PR Newswire - Fri May 20, 1:30PM CDT
Today, the shareholders of Tanger Factory Outlet Centers, Inc. (NYSE: SKT) elected the following directors to serve until the 2017 annual meeting of shareholders:
SKT: 41.33 (-0.39)
Watch for Tanger Factory Outlet Centers to Potentially Rebound After Falling 1.66% Yesterday
Comtex SmarTrend(R) - Fri May 13, 2:43PM CDT
Tanger Factory Outlet Centers (NYSE:SKT) traded in a range yesterday that spanned from a low of $34.50 to a high of $35.27. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $35.08 on volume of 695,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SKT: 41.33 (-0.39)
Tanger reports 1Q results
Automated Insights - Tue Apr 26, 4:49PM CDT
GREENSBORO, N.C. (AP) _ Tanger Factory Outlet Centers Inc. (SKT) on Tuesday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations.
SKT: 41.33 (-0.39)
Tanger Reports First Quarter 2016 Results
PR Newswire - Tue Apr 26, 3:15PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported adjusted funds from operations ("AFFO"
available to common shareholders for the three months ended March 31, 2016 increased 12.0% to $0.56 per share, or $55.8 million, from $0.50 per share, or $49.8 million for the three months ended March 31, 2015. A reconciliation of funds from operations ("FFO" available to common shareholders, a widely accepted supplemental measure of REIT performance, to AFFO available to common shareholders is shown in the table below.
SKT: 41.33 (-0.39)
Tanger Outlets The Walk Leads Earth Day Cleanup
PR Newswire - Tue Apr 12, 2:43PM CDT
In honor of Earth Day, Tanger Factory Outlet Centers, Inc. (NYSE: SKT) has announced a partnership between its center in Atlantic City, the ThisIsAC community movement and more than 25 local businesses and organizations for a city-wide cleanup effort on Friday, April 22. Participants will be picking up litter and debris within and around their vicinities from 9:00 a.m. to 1:00 p.m.
SKT: 41.33 (-0.39)
Tanger Increases Dividend 14.0%
PR Newswire - Thu Apr 07, 3:15PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its Board of Directors approved a 14.0% increase in the annual dividend on its common shares from $1.14 per share to $1.30 per share. Simultaneously, the Board of Directors declared a quarterly dividend of $0.325 per share for the first quarter ended March 31, 2016. This cash dividend will be payable on May 13, 2016 to holders of record on April 29, 2016.
SKT: 41.33 (-0.39)
Tanger Outlet Centers Schedules First Quarter 2016 Earnings Release and Conference Call
PR Newswire - Thu Mar 17, 3:15PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that its financial results for the quarter ended March 31, 2016 will be released Tuesday evening, April 26, 2016 after the market close. The company will host its conference call for analysts, investors and other interested parties on Wednesday, April 27, 2016 at 10:00 a.m. Eastern Time.
SKT: 41.33 (-0.39)
Outlet Giant Revs up Progress on New Tanger Outlets Fort Worth
PR Newswire - Wed Mar 16, 12:00PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) has announced plans for a new Tanger Outlet Center serving the greater Fort Worth/Denton and adjacent metro areas. The new center will be a signature retail component of Fine Line Diversified Development's Champions Circle, a 279-acre commercial mixed-use real estate development adjacent to the Texas Motor Speedway. When complete, this new retail destination is expected to contain approximately 350,000- square-feet of retail space and feature over 70 upscale brand name and designer outlet retailers.
SKT: 41.33 (-0.39)
Tanger Outlets Welcomes the Spring Season with TangerSTYLE Magazine, Extra Savings and Social Media Sweepstakes
PR Newswire - Thu Mar 10, 4:56PM CST
Tanger Outlets is celebrating spring fashion with the release of its anticipated seasonal TangerSTYLE Magazine, which provides Tanger shoppers with insider access to the season's latest trends, as well as special savings, coupons and a chance to win $100-$250 gift cards. From March 11th through April 17th Tanger shoppers can find their favorite spring must-have items from top brand name and designer stores with additional TangerStyle savings of 25% off.
SKT: 41.33 (-0.39)
Tanger Factory Outlet Centers, Inc. to Present at Citi's 2016 Global Property CEO Conference
PR Newswire - Wed Mar 09, 3:15PM CST
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced today that it will participate March 14-15, 2016 in the 2016 Citi Global Property CEO Conference. The round table discussion with Steven B. Tanger, President and Chief Executive Officer, is scheduled for 9:30 AM Eastern time on Monday, March 14, 2016. A live audio webcast can be accessed at investors.tangeroutlet.com. A replay will be available through Monday, March 28, 2016 and can also be accessed via the company's website.
SKT: 41.33 (-0.39)
Tanger Prices $250 Million 3.125% Senior Notes Due 2026
PR Newswire - Mon Aug 01, 3:57PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its operating partnership, Tanger Properties Limited Partnership, has agreed to sell $250 million of 3.125% senior notes due 2026 in an underwritten public offering through BofA Merrill Lynch and Wells Fargo Securities as joint book-running managers. The notes were priced at 99.605% of the principal amount to yield 3.171% to maturity. The notes will pay interest semi-annually at a rate of 3.125% per annum and mature on September 1, 2026.
SKT: 41.33 (-0.39), WFC: 47.70 (-0.11)
Tanger Announces Public Offering of Senior Notes Due 2026
PR Newswire - Mon Aug 01, 8:13AM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its operating partnership, Tanger Properties Limited Partnership, intends to commence a public offering of senior notes due 2026, subject to market and other customary conditions. BofA Merrill Lynch and Wells Fargo Securities will act as joint book-running managers. Tanger intends to use the net proceeds from the sale of the notes to repay a $62.0 million floating rate mortgage loan related to its outlet center in Glendale (Westgate), Arizona, repay borrowings under its unsecured lines of credit, and for general corporate purposes.
SKT: 41.33 (-0.39), WFC: 47.70 (-0.11)
Tanger Outlets CEO Steve Tanger Appears on CNBC's "Mad Money with Jim Cramer"
PR Newswire - Fri Jul 29, 4:28PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today announced that the company's President and CEO, Steven B. Tanger, appeared as a featured guest on CNBC's "Mad Money with Jim Cramer" on Thursday, July 28, 2016.
SKT: 41.33 (-0.39)
Tanger Reports Second Quarter 2016 Results
PR Newswire - Tue Jul 26, 3:20PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported net income available to common shareholders for the three months ended June 30, 2016 increased 192.3% to $0.76 per share, or $72.7 million, from $0.26 per share, or $24.2 million, for the three months ended June 30, 2015. Net income available to common shareholders for the six months ended June 30, 2016 increased 67.7% to $1.04 per share, or $99.5 million, from $0.62 per share, or $58.3 million, for the six months ended June 30, 2015. Net income for the three and six months ended June 30, 2016 was positively impacted by a $49.3 million gain on our previously held joint venture interest related to the acquisition of our partners' ownership interests in Tanger Outlets Westgate, an upscale outlet center located in Glendale, Arizona, and for the six months ended June 30, 2016 was also positively impacted by a $4.9 million gain recognized on the sale of the Company's outlet center located in Fort Myers, Florida in January 2016. Net income available to common shareholders for six months ended June 30, 2015 was positively impacted by a $13.7 million gain on the sale of the Company's 50% ownership interest in the Wisconsin Dells, Wisconsin joint venture in February 2015.
SKT: 41.33 (-0.39)
Tanger Declares Dividend For Second Quarter 2016
PR Newswire - Fri Jul 08, 3:15PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its Board of Directors declared a quarterly dividend of $0.325 per share for the second quarter ending June 30, 2016. A cash dividend of $0.325 per share will be payable on August 15, 2016 to holders of record on July 29, 2016.
SKT: 41.33 (-0.39)
How These Retail REIT's Stocks are Performing? - Brixmor Property, Macerich, Tanger Factory Outlet Centers, and Kite Realty
PR Newswire - Thu Jul 07, 6:30AM CDT
Retail REITs continue to be affected by global macroeconomic conditions and shifts in consumer-spending patterns, but investors looking to diversify and solidify their portfolios should find a number of good opportunities in this space. This morning's top picks on Stock-Callers.com are: Brixmor Property Group Inc. (NYSE: BRX), The Macerich Co. (NYSE: MAC), Tanger Factory Outlet Centers Inc. (NYSE: SKT), and Kite Realty Group Trust (NYSE: KRG). Learn more about these stocks and receive your complimentary notes at:
SKT: 41.33 (-0.39), KRG: 29.52 (-0.40), MAC: 87.83 (-1.93), BRX: 28.13 (-0.14)
Downgrade Alert for Tanger Factory Outlet Centers (SKT)
Comtex SmarTrend(R) - Thu Jul 07, 3:38AM CDT
Tanger Factory Outlet Centers (NYSE:SKT) was downgraded from Buy to Neutral at Hilliard Lyons today. The stock closed yesterday at $40.77 on volume of 1.2 million shares, above average daily volume of 700,000. Based on a current price of $40.77, Tanger Factory Outlet Centers is currently 6.8% above its average consensus analyst price target of $38.00. Tanger Factory Outlet Centers shares have support at the 50-day moving average (MA) of $35.40 and additional support at the 200-day MA of $33.56.
SKT: 41.33 (-0.39)
Tanger Outlets Columbus to Celebrate June 24th Grand Opening with the Spirit of American Style
PR Newswire - Tue Jun 07, 3:32PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) and Simon announced today that Tanger Outlets Columbus will celebrate the new center's Grand Opening on Friday, June 24 kicking off at 10 a.m. with an official ribbon-cutting hosted by Steven B. Tanger, President and Chief Executive Officer of Tanger Outlets, Stephen Yalof, CEO of Premium Outlets, and Drew and Jonathan Scott from the hit show, Property Brothers, as well as state and local officials. The Grand Opening, which will benefit Ohio-based Flying Horse Farms and a local children's hospital, will run through the weekend and will capture the spirit of American style.
SPG: 223.61 (-3.99), SKT: 41.33 (-0.39)
Why Investors Have these retail REITs' Stocks on Their Radar? - Brixmor Property, Macerich, Tanger Factory Outlet Centers, and Regency Centers
PR Newswire - Tue Jun 07, 7:40AM CDT
Stocks in the REITs industry have always been favored for their high growth potential. And one of the best-performing subgroups in the segment this year is the retail space. So today, ActiveWallSt.com draws investors' attention back on four equities: Brixmor Property Group Inc. (NYSE: BRX), The Macerich Co. (NYSE: MAC), Tanger Factory Outlet Centers Inc. (NYSE: SKT), and Regency Centers Corp. (NYSE: REG). Learn how to access our free insights and technical alerts at:
SKT: 41.33 (-0.39), REG: 84.09 (-1.21), MAC: 87.83 (-1.93), BRX: 28.13 (-0.14)
Tanger Factory Outlet Centers, Inc. CEO Presentation at the NAREIT REITWeek Conference 2016
PR Newswire - Tue May 31, 3:15PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that Steven B. Tanger, President and Chief Executive Officer, will be a featured presenter at NAREIT's REITWeek Conference on Tuesday, June 7, 2016 at 11:45 a.m. EDT.
SKT: 41.33 (-0.39)
Tanger Elects Directors and Officers
PR Newswire - Fri May 20, 1:30PM CDT
Today, the shareholders of Tanger Factory Outlet Centers, Inc. (NYSE: SKT) elected the following directors to serve until the 2017 annual meeting of shareholders:
SKT: 41.33 (-0.39)
Watch for Tanger Factory Outlet Centers to Potentially Rebound After Falling 1.66% Yesterday
Comtex SmarTrend(R) - Fri May 13, 2:43PM CDT
Tanger Factory Outlet Centers (NYSE:SKT) traded in a range yesterday that spanned from a low of $34.50 to a high of $35.27. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $35.08 on volume of 695,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SKT: 41.33 (-0.39)
Tanger reports 1Q results
Automated Insights - Tue Apr 26, 4:49PM CDT
GREENSBORO, N.C. (AP) _ Tanger Factory Outlet Centers Inc. (SKT) on Tuesday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations.
SKT: 41.33 (-0.39)
Tanger Reports First Quarter 2016 Results
PR Newswire - Tue Apr 26, 3:15PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported adjusted funds from operations ("AFFO"
available to common shareholders for the three months ended March 31, 2016 increased 12.0% to $0.56 per share, or $55.8 million, from $0.50 per share, or $49.8 million for the three months ended March 31, 2015. A reconciliation of funds from operations ("FFO" available to common shareholders, a widely accepted supplemental measure of REIT performance, to AFFO available to common shareholders is shown in the table below. SKT: 41.33 (-0.39)
Tanger Outlets The Walk Leads Earth Day Cleanup
PR Newswire - Tue Apr 12, 2:43PM CDT
In honor of Earth Day, Tanger Factory Outlet Centers, Inc. (NYSE: SKT) has announced a partnership between its center in Atlantic City, the ThisIsAC community movement and more than 25 local businesses and organizations for a city-wide cleanup effort on Friday, April 22. Participants will be picking up litter and debris within and around their vicinities from 9:00 a.m. to 1:00 p.m.
SKT: 41.33 (-0.39)
Tanger Increases Dividend 14.0%
PR Newswire - Thu Apr 07, 3:15PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its Board of Directors approved a 14.0% increase in the annual dividend on its common shares from $1.14 per share to $1.30 per share. Simultaneously, the Board of Directors declared a quarterly dividend of $0.325 per share for the first quarter ended March 31, 2016. This cash dividend will be payable on May 13, 2016 to holders of record on April 29, 2016.
SKT: 41.33 (-0.39)
Tanger Outlet Centers Schedules First Quarter 2016 Earnings Release and Conference Call
PR Newswire - Thu Mar 17, 3:15PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced today that its financial results for the quarter ended March 31, 2016 will be released Tuesday evening, April 26, 2016 after the market close. The company will host its conference call for analysts, investors and other interested parties on Wednesday, April 27, 2016 at 10:00 a.m. Eastern Time.
SKT: 41.33 (-0.39)
Outlet Giant Revs up Progress on New Tanger Outlets Fort Worth
PR Newswire - Wed Mar 16, 12:00PM CDT
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) has announced plans for a new Tanger Outlet Center serving the greater Fort Worth/Denton and adjacent metro areas. The new center will be a signature retail component of Fine Line Diversified Development's Champions Circle, a 279-acre commercial mixed-use real estate development adjacent to the Texas Motor Speedway. When complete, this new retail destination is expected to contain approximately 350,000- square-feet of retail space and feature over 70 upscale brand name and designer outlet retailers.
SKT: 41.33 (-0.39)
Tanger Outlets Welcomes the Spring Season with TangerSTYLE Magazine, Extra Savings and Social Media Sweepstakes
PR Newswire - Thu Mar 10, 4:56PM CST
Tanger Outlets is celebrating spring fashion with the release of its anticipated seasonal TangerSTYLE Magazine, which provides Tanger shoppers with insider access to the season's latest trends, as well as special savings, coupons and a chance to win $100-$250 gift cards. From March 11th through April 17th Tanger shoppers can find their favorite spring must-have items from top brand name and designer stores with additional TangerStyle savings of 25% off.
SKT: 41.33 (-0.39)
Tanger Factory Outlet Centers, Inc. to Present at Citi's 2016 Global Property CEO Conference
PR Newswire - Wed Mar 09, 3:15PM CST
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced today that it will participate March 14-15, 2016 in the 2016 Citi Global Property CEO Conference. The round table discussion with Steven B. Tanger, President and Chief Executive Officer, is scheduled for 9:30 AM Eastern time on Monday, March 14, 2016. A live audio webcast can be accessed at investors.tangeroutlet.com. A replay will be available through Monday, March 28, 2016 and can also be accessed via the company's website.
SKT: 41.33 (-0.39)
