Tanger Factory Outlet Centers Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 4.35
Dividend & Yield0.88$ (4.70%)
Beta 1.77
Market capitalization 1.98B
Operating cash flow 213.96M
ESG Scores unknown

Company description

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended September 30, 2020.

Sector: Real Estate - Industry: REIT—Retail

Financial Ratios
Quick Ratio3
Working Capital0.05
Return On Equity0.02
Debt To Equity2.92
Fixed Asset Ratio0.04
Fixed Interest Cover2.32

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities -4.29M 1.04M 14.7M 1.47M
Total Cashflows From Investing Activities 99.29M -18.77M -22.74M -98.82M
Net Borrowings -148.47M -3.57M -172.84M 32.12M
Total Cash From Financing Activities -312.13M -77.59M -118.38M -64.16M
Change To Operating Activities -4.16M -5.37M 5.14M 276k
Issuance Of Stock 187.24M 187.24M 187.24M 88k
Net Income 87.86M -36.28M 9.12M 82.06M
Change In Cash 7.59M 68.16M 76.42M 50.87M
Effect Of Exchange Rate -19k -223k -177k -111k
Total Cash From Operating Activities 220.45M 164.75M 217.72M 213.96M
Depreciation 111.05M 107.46M 98.67M 100.83M
Change To Account Receivables
Other Cashflows From Financing Activities -8.48M -6.73M -58.2M -8.23M
Change To Netincome 13.29M 81.9M 75.37M 14.59M
Capital Expenditures -1.16M -1.87M -3.17M -7.44M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 92.73M -38.01M 9.56M 85.83M
Net Income 87.86M -36.28M 9.12M 82.06M
Selling General Administrative 75.44M 68.17M 82.87M 88.93M
Gross Profit 354.48M 277.51M 315.32M 327.12M
Ebit 155.72M 92.2M 122.45M 126.28M
Operating Income 155.72M 92.2M 122.45M 126.28M
Interest Expense -61.67M -63.14M -52.87M -46.97M
Income Tax Expense
Total Revenue 486.19M 394.21M 435.43M 451.21M
Cost Of Revenue 131.71M 116.7M 120.1M 124.09M
Total Other Income ExpenseNet -62.99M -130.21M -112.89M -40.45M
Net Income From Continuing Ops 92.73M -38.01M 9.56M 85.83M
Net Income Applicable To Common Shares 86.52M -36.97M 8.31M 81.19M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 1.83B 1.83B 1.66B 1.7B
Total Stockholder Equity 433.21M 341.39M 477.93M 491.64M
Other Current Liabilities
Total Assets 2.29B 2.19B 2.16B 2.22B
Common Stock 929k 936k 1.04M 1.04M
Other Current Assets 39M 37.98M 44M 42.45M
Retained Earnings
Treasury Stock -342.76M -446.69M -501.17M -496.59M
Cash 16.67M 84.83M 161.25M 212.12M
Total Current Liabilities 79.56M 88.38M 93M 110.45M
Other Stockholder Equity -342.76M -446.69M -501.17M -496.59M
Property, Plant, and Equipment 1.97B 1.82B 1.74B 1.71B
Total Current Assets 118.29M 188.61M 261.04M 319.79M
Net Tangible Assets 336.49M 256.43M 404.2M 433.07M
Net Receivables 61.6M 65.8M 53.3M 51.1M
Accounts Payable 79.56M 88.25M 93M 104.74M


Insider Transactions

Here are the insider transactions of stock shares related to Tanger Factory Outlet Centers Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
TANGER STEVEN BD2023-02-15Officer and Director300.4k
CITRIN JEFFREY BStock Award(Grant) at price 18.79 per share.D2023-02-15Director798
PERRY CHAD DD2023-02-15General Counsel83.27k
YALOF STEPHEND2023-02-15Chief Executive Officer205.48k
GUERRIERI THOMAS JOSEPH JR.D2023-02-15Officer14.12k
TANGER STEVEN BSale at price 20.00 per share.D2023-02-02Officer and Director75k
BILERMAN MICHAEL JStock Award(Grant) at price 0.00 per share.D2022-11-29Chief Financial Officer129.07k
CITRIN JEFFREY BStock Award(Grant) at price 19.15 per share.D2022-11-15Director457
TANGER STEVEN BSale at price 19.50 per share.D2022-11-14Officer and Director50k
TANGER STEVEN BSale at price 19.00 per share.D2022-11-03Officer and Director50k
CITRIN JEFFREY BStock Award(Grant) at price 0.00 per share.D2022-08-15Director1.19k
PERRY CHAD DStock Gift at price 0.00 per share.D2022-06-09General Counsel2.6k
REDDIN THOMAS JSale at price 18.00 - 19.20 per share.D2022-05-17Director15k
CITRIN JEFFREY BStock Award(Grant) at price 0.00 per share.D2022-05-13Director1.22k
GUERRIERI THOMAS JOSEPH JR.Sale at price 17.25 per share.D2022-03-11Officer2k
TANGER STEVEN BStock Award(Grant) at price 0.00 per share.D2022-02-23Officer and Director36.1k
HENRY DAVID BStock Award(Grant) at price 0.00 per share.D2022-02-23Director9.93k
REDDIN THOMAS JStock Award(Grant) at price 0.00 per share.D2022-02-23Director9.93k
CITRIN JEFFREY BStock Award(Grant) at price 0.00 per share.D2022-02-23Director9.93k
MATHRANI SANDEEP LAKHMIStock Award(Grant) at price 0.00 per share.D2022-02-23Director9.93k
WILLIAMS JAMES FLOYDStock Award(Grant) at price 0.00 per share.D2022-02-23Chief Financial Officer23.47k
RYAN BERMAN BRIDGETStock Award(Grant) at price 0.00 per share.D2022-02-23Director9.93k
PERRY CHAD DStock Award(Grant) at price 0.00 per share.D2022-02-23General Counsel30.4k
UBINAS LUIS ANTONIOStock Award(Grant) at price 0.00 per share.D2022-02-23Director9.93k
YALOF STEPHENStock Award(Grant) at price 0.00 per share.D2022-02-23Chief Executive Officer72.2k
GUERRIERI THOMAS JOSEPH JR.Stock Award(Grant) at price 0.00 per share.D2022-02-23Officer8.27k
SKERRITT SUSAN E.Stock Award(Grant) at price 0.00 per share.D2022-02-23Director9.93k
SWANSON GALLARDO LESLIEStock Award(Grant) at price 0.00 per share.D2022-02-23Chief Operating Officer24.07k
WINGROVE ANDREW RStock Award(Grant) at price 0.00 per share.D2022-02-23Officer32.49k
STEIN JUSTIN CStock Award(Grant) at price 0.00 per share.D2022-02-23Officer12.03k
TANGER STEVEN BD2022-02-22Officer and Director41.9k
WILLIAMS JAMES FLOYDD2022-02-22Chief Financial Officer8.31k
PERRY CHAD DD2022-02-22General Counsel11.62k
GUERRIERI THOMAS JOSEPH JR.D2022-02-22Officer1.97k
CITRIN JEFFREY BStock Award(Grant) at price 0.00 per share.D2022-02-15Director1.29k
WINGROVE ANDREW RStock Award(Grant) at price 0.00 per share.D2021-12-20Officer64.9k
WARREN CARRIE ANNSale at price 20.55 per share.D2021-11-16Officer1.38k
CITRIN JEFFREY BStock Award(Grant) at price 0.00 per share.D2021-11-15Director1.06k
PERRY CHAD DSale at price 21.28 per share.D2021-11-04General Counsel5k
REDDIN THOMAS JSale at price 17.35 per share.D2021-09-15Director5k
WARREN CARRIE ANNSale at price 17.25 per share.D2021-09-02Officer1.5k
WARREN CARRIE ANNSale at price 16.72 - 17.00 per share.D2021-08-25Officer2.5k
CITRIN JEFFREY BStock Award(Grant) at price 0.00 per share.D2021-08-13Director1.22k
PERRY CHAD DSale at price 17.43 per share.D2021-08-13General Counsel8k
REDDIN THOMAS JSale at price 18.00 per share.D2021-08-12Director5k
PERRY CHAD DStock Gift at price 0.00 per share.D2021-06-28General Counsel1.5k
CITRIN JEFFREY BStock Award(Grant) at price 0.00 per share.D2021-05-14Director1.33k
REDDIN THOMAS JSale at price 17.50 per share.D2021-03-03Director10k
WARREN CARRIE ANNSale at price 17.81 per share.D2021-03-03Officer4.09k
GUERRIERI THOMAS JOSEPH JR.Sale at price 17.66 per share.D2021-03-03Officer1k
WARREN CARRIE ANNSale at price 16.00 per share.D2021-02-26Officer8.91k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Tanger Factory Outlet Centers Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Tanger Factory Outlet Centers Inc

Here is the result of two systematic investment strategies applied to Tanger Factory Outlet Centers Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Tanger Factory Outlet Centers Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Tanger Factory Outlet Centers Inc:

Tanger Factory Outlet Centers Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 34.62% on the backtest period.

Performance at glance

Performance

34.62 %

Latent gain

780.52 $

Invested capital

2254.38 $

Annualized return

8.36 %
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Momentum strategy results on Tanger Factory Outlet Centers Inc

This is the result of two momentum investment strategies applied to Tanger Factory Outlet Centers Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Tanger Factory Outlet Centers Inc

The following chart shows all the entries opened by the momentum investment system on Tanger Factory Outlet Centers Inc:

Tanger Factory Outlet Centers Inc momentum entries
  • The first momentum investment strategy would give 45.38% of return on Tanger Factory Outlet Centers Inc. That represents 2144.91$ of latent gain with 4726.24$ of employed capital.
  • The second momentum investment strategy would give 43.47% of return on Tanger Factory Outlet Centers Inc. That represents 1963.08$ of latent gain with 4515.92$ of employed capital.
Performance at glance (1Q Momentum)

Performance

45.38 %

Latent gain

2144.91 $

Invested capital

4726.24 $

Annualized return

9.14 %
Performance at glance (2Q Momentum)

Performance

43.47 %

Latent gain

1963.08 $

Invested capital

4515.92 $

Annualized return

11.88 %

Momentum equity curve on Tanger Factory Outlet Centers Inc

The following chart shows the equity curve of the two momentum strategies applied to Tanger Factory Outlet Centers Inc:

Tanger Factory Outlet Centers Inc momentum equity

Note: the dividends potentially given by Tanger Factory Outlet Centers Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Tanger Factory Outlet Centers Inc

The following chart shows the employed capital evolution of the two momentum strategies on Tanger Factory Outlet Centers Inc since the beginning:

Tanger Factory Outlet Centers Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Tanger Factory Outlet Centers Inc

Buy the dip entry openings on Tanger Factory Outlet Centers Inc

Tanger Factory Outlet Centers Inc

The performance achieved by the robo-advisor on Tanger Factory Outlet Centers Inc is 19.57%. That represents 50.22$ of latent gain with 256.68$ of employed capital. The following chart shows Tanger Factory Outlet Centers Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Tanger Factory Outlet Centers Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

19.57 %

Latent gain

50.22 $

Invested capital

256.68 $

Annualized return

9.14 %

Equity curve of the strategy applied to Tanger Factory Outlet Centers Inc

The following chart shows the result of the investment strategy applied to Tanger Factory Outlet Centers Inc:

Tanger Factory Outlet Centers Inc

Note: the dividends potentially given by Tanger Factory Outlet Centers Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Tanger Factory Outlet Centers Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Tanger Factory Outlet Centers Inc:

Tanger Factory Outlet Centers Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Tanger Factory Outlet Centers Inc

In this section, I will compare the three previous investment strategies applied to Tanger Factory Outlet Centers Inc.

Equity curve comparison on Tanger Factory Outlet Centers Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Tanger Factory Outlet Centers Inc investment strategy comparison

Employed capital comparison on Tanger Factory Outlet Centers Inc

Tanger Factory Outlet Centers Inc investment comparison

Performance comparison on Tanger Factory Outlet Centers Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 34.62% 780.52$ 2254.38$ 8.36%
Momentum 1 quarter 45.38% 2144.91$ 4726.24$ 11.64%
Momentum 2 quarters 43.47% 1963.08$ 4515.92$ 11.88%
Non-directional 19.57% 50.22$ 256.68$ 9.14%
Annualized return comparison

Automatic investment

8.36 %

Momentum 1Q

11.88 %

Momentum 2Q

11.88 %

Non-directional

9.14 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Tanger Factory Outlet Centers Inc:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • VanEck Oil Services ETF
  • FEIYU

  • Note: The algorithm computes the probability of correlation between Tanger Factory Outlet Centers Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Tanger Factory Outlet Centers Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Tanger Factory Outlet Centers Inc
    Country United States
    City Greensboro
    Address 3200 Northline Avenue
    Phone 336-292-3010
    Website www.tangeroutlets.com
    FullTime employees 341
    Industry REIT—Retail
    Sector Real Estate
    Exchange XNYS
    Ticker SKT
    Market www.nyse.com

    Tanger Factory Outlet Centers Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown