Tanger (NYSE:SKT) Factory Outlet Centers, Inc. is a real estate investment trust (REIT) that specializes in the ownership, operation and development of outlet shopping centers. The company’s portfolio is composed primarily of open-air outlet centers that offer name-brand and designer merchandise at value prices. By partnering with well-known retailers, Tanger centers provide consumers with discounted goods in categories ranging from apparel and footwear to accessories and home goods.
Through its integrated platform, Tanger handles all aspects of property management, leasing and marketing for its portfolio. In addition to attracting established brands and emerging retailers, the company invests in periodic renovations and expansions to enhance the shopping experience. Tanger’s centers typically feature food courts, family-friendly amenities and curated events designed to increase foot traffic and tenant sales.
Founded in 1981 by Daniel E. Tanger, the company opened its first outlet center in South Carolina and has since grown into an internationally recognized operator of value-oriented retail destinations. Tanger completed its initial public offering in 1993, transitioning to a publicly traded REIT listed on the New York Stock Exchange under the symbol “SKT.” Today, the company’s holdings span the United States and Canada, with properties in key markets such as New York, Florida, California and Ontario.
Under the leadership of Chief Executive Officer Steven B. Tanger and President Michael C. Patrone, Tanger continues to pursue a strategy focused on portfolio optimization and strategic redevelopment. By leveraging market insights and long-standing retailer relationships, the company seeks to drive sustainable occupancy levels and enhance long-term shareholder value while maintaining its commitment to delivering quality shopping destinations for price-conscious consumers.
