Tanger SKT
$
Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Tanger (SKT) Business Model and Operations Summary
Tanger Inc is an owners and operators of outlet and open-air centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers, with a total gross leasable area of approximately 13.0 million square feet.
Key Insights
Tanger (SKT) Core Market Data and Business Metrics
Latest Closing Price
$34.02Market Cap
$3.83 BillionPrice-Earnings Ratio
77.32Total Outstanding Shares
112.71 Million SharesTotal Employees
425Dividend
$0.28 Per Share QuarterlyIPO Date
June 4, 1993SIC Description
Real Estate Investment TrustsPrimary Exchange
New York Stock ExchangeHeadquarters
3200 Northline Avenue Suite 360, Greensboro, NC, 27408
Historical Stock Splits
If you bought 1 share of SKT before January 25, 2011, you'd have 2 shares today.
| Execution Date | Split Amount |
|---|---|
| January 25, 2011 | 2-for-1 |
Cash Flow Statement
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Financing Activities | $-43.33 Million |
| Net Cash Flow From Financing Activities, Continuing | $-43.33 Million |
| Net Cash Flow From Operating Activities, Continuing | $65.17 Million |
| Net Cash Flow From Investing Activities | $-19.71 Million |
| Net Cash Flow From Operating Activities | $65.17 Million |
| Net Cash Flow, Continuing | $2.13 Million |
Income Statement
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Income/Loss From Continuing Operations Before Tax | $23.62 Million |
| Basic Earnings Per Share | $0.23 |
| Net Income/Loss | $25.93 Million |
| Net Income/Loss Attributable To Redeemable Noncontrolling Interest | $1.07 Million |
| Operating Income/Loss | $39.16 Million |
| Undistributed Earnings/Loss Allocated To Participating Securities, Basic | $232,000 |
Comprehensive Income
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss | $18.90 Million |
| Comprehensive Income/Loss Attributable To Parent | $18.11 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $792,000 |
| Other Comprehensive Income/Loss | $-7.03 Million |
Balance Sheet
July 1, 2024 to September 30, 2024
| Metric | Value |
|---|---|
| Noncurrent Liabilities | $0 |
| Assets | $2.28 Billion |
| Equity | $592.63 Million |
| Equity Attributable To Parent | $568.29 Million |
| Equity Attributable To Noncontrolling Interest | $24.34 Million |
| Liabilities | $1.68 Billion |
Historical Dividends
Current dividend: $0.28 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Jan 17, 2025 | Feb 14, 2025 | Jan 31, 2025 | $0.275 | Quarterly |
| Oct 10, 2024 | Nov 15, 2024 | Oct 31, 2024 | $0.275 | Quarterly |
| Jul 16, 2024 | Aug 15, 2024 | Jul 31, 2024 | $0.275 | Quarterly |
| Apr 10, 2024 | May 15, 2024 | Apr 30, 2024 | $0.275 | Quarterly |
| Jan 17, 2024 | Feb 15, 2024 | Jan 31, 2024 | $0.26 | Quarterly |
| Oct 13, 2023 | Nov 15, 2023 | Oct 31, 2023 | $0.26 | Quarterly |