Last $37.24 USD
Change Today +0.49 / 1.33%
Volume 896.8K
SKT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

tanger factory outlet center (SKT) Snapshot

Open
$36.77
Previous Close
$36.75
Day High
$37.29
Day Low
$36.71
52 Week High
12/22/14 - $37.29
52 Week Low
12/27/13 - $31.63
Market Cap
3.6B
Average Volume 10 Days
629.2K
EPS TTM
$0.82
Shares Outstanding
95.9M
EX-Date
10/28/14
P/E TM
45.3x
Dividend
$0.96
Dividend Yield
2.54%
Current Stock Chart for TANGER FACTORY OUTLET CENTER (SKT)

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tanger factory outlet center (SKT) Details

Tanger Factory Outlet Centers, Inc. is a real estate investment trust. The firm invests in the real estate markets in United States. It focuses on developing, acquiring, owning, operating, and managing outlet shopping centers. Tanger Factory Outlet Centers, Inc. was founded in 1981, and is based in Greensboro, North Carolina.

279 Employees
Last Reported Date: 03/3/14
Founded in 1981

tanger factory outlet center (SKT) Top Compensated Officers

Chief Executive Officer, President, and Direc...
Total Annual Compensation: $800.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $405.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $371.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $350.0K
Senior Vice President of Leasing
Total Annual Compensation: $254.2K
Compensation as of Fiscal Year 2013.

tanger factory outlet center (SKT) Key Developments

Tanger Factory Outlet Centers, Inc. Closes the Issuance of $250 Million in 3.75% Senior Notes Due 2024

Tanger Factory Outlet Centers Inc. announced that it closed on the issuance of $250 million in 3.75% senior notes due 2024, the proceeds of which will be used to redeem $250 million in 6.15% senior notes due November 15, 2015. The early redemption of the 2015 Notes is expected to occur on December 15, 2014. In connection with the redemption of the 2015 Notes, the company expects to take a charge in the fourth quarter of 2014, currently estimated to be approximately $13.2 million, representing the make-whole premium to be paid for the early redemption of the 2015 Notes. The charge will impact the company's net income and funds from operations for the fourth quarter and year end December 31, 2014, but will have no impact on the company's adjusted funds from operations for the same periods.

Tanger Factory Outlet Centers Inc. Presents at REITWorld 2014 - NAREIT's Annual Convention, Nov-05-2014

Tanger Factory Outlet Centers Inc. Presents at REITWorld 2014 - NAREIT's Annual Convention, Nov-05-2014 . Venue: Atlanta Marriott Marquis, Atlanta, Georgia, United States.

Tanger Factory Outlet Centers Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fiscal Year Ending December 31, 2014

Tanger Factory Outlet Centers Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $105,297,000 against $97,903,000 a year ago. Operating income was $35,391,000 against $33,531,000 a year ago. Net income available to common shareholders of the company was $24,297,000 or $0.24 per basic and diluted share against $56,180,000 or $0.56 per basic and diluted share a year ago. Funds from operations available to common shareholders were $51,655,000 or $0.52 per diluted share against $56,196,000 or $0.57 per diluted share a year ago. Funds from operations were $52,762,000 against $56,927,000 or $0.42 per share a year ago. Adjusted FFO was $51,565,000 or $0.52 per share against $48,947,000 or $0.49 per share a year ago. For the nine months, the company reported total revenues of $310,415,000 against $277,607,000 a year ago. Operating income was $96,507,000 against $91,902,000 a year ago. Net income available to common shareholders of the company was $59,632,000 or $0.59 per diluted share against $90,185,000 or $0.90 per diluted share a year ago. Funds from operations were $143,589,000 against $141,446,000 or $0.42 per share a year ago. Funds from operations available to common shareholders were $140,592,000 or $1.42 per diluted share against $139,755,000 or $1.41 per diluted share a year ago. Adjusted FFO was $142,072,000 or $1.44 per share against $133,507,000 or $1.35 per share a year ago. The company provided earnings guidance for the fiscal year ending December 31, 2014. For the year, the company estimated diluted net income per share will be between $0.80 and $0.83. Estimated diluted FFO per share will be between $1.93 and $1.96. AFFO adjustments will be between $0.02 and $0.02. Estimated diluted AFFO per share to be between $1.95 and $1.98.

 

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SKT Competitors

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Company Last Change
Equity One Inc $25.49 USD +0.46
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