Tanger (SKT) Financials

$29.82 -0.22 (-0.73%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$31.56 +1.74 (+5.82%)

As of 05/30/2025 06:13 PM Eastern

Annual Income Statements for Tanger

This table shows Tanger's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	201	203	168	19	-36	180	140	398	211
Consolidated Net Income / (Loss)	206	208	172	19	-38	185	144	409	222
Net Income / (Loss) Continuing Operations	327	304	266	19	-38	185	144	409	222
Total Pre-Tax Income	183	191	154	1.31	-39	170	140	387	211
Total Operating Income	301	268	230	206	21	212	321	303	144
Total Gross Profit	1,052	929	885	853	390	957	976	932	439
Total Revenue	1,052	929	885	853	390	957	976	932	439
Operating Revenue	1,052	929	885	853	390	957	976	932	439
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	751	661	655	647	369	745	655	629	295
Selling, General & Admin Expense	473	443	431	413	185	423	398	397	191
Depreciation Expense	277	218	224	220	117	247	255	231	104
Total Other Income / (Expense), net	-118	-76	-76	-205	-60	-42	-182	84	66
Interest Expense	0.00	0.00	0.44	201	63	123	201	121	54
Interest & Investment Income	0.00	0.00	0.00	-	-	-	-	-	-
Other Income / (Expense), net	2.97	19	18	-3.19	3.25	81	19	206	120
Other Gains / (Losses), net	23	16	17	18	1.13	16	3.87	22	11
Net Income / (Loss) Attributable to Noncontrolling Interest	4.17	4.73	3.77	0.44	-1.74	4.87	3.87	11	11
Basic Earnings per Share	$1.78	$1.88	$1.56	$0.16	($0.40)	$1.86	$1.42	$4.04	$2.20
Weighted Average Basic Shares Outstanding	112.78M	108.92M	104.50M	104.08M	93.57M	92.89M	94.54M	96.26M	95.88M
Diluted Earnings per Share	$1.76	$1.84	$1.54	$0.16	($0.40)	$1.86	$1.42	$4.02	$2.20
Weighted Average Diluted Shares Outstanding	112.78M	108.92M	104.50M	104.08M	93.57M	92.89M	94.54M	96.26M	95.88M
Weighted Average Basic & Diluted Shares Outstanding	112.78M	108.92M	104.50M	104.08M	93.57M	92.89M	94.54M	96.26M	95.88M

This table shows Tanger's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	19	129	25	25	22	127	28	24	24	104	23
Consolidated Net Income / (Loss)	20	130	26	26	23	129	29	25	25	105	24
Net Income / (Loss) Continuing Operations	20	252	26	26	23	225	29	25	25	199	24
Total Pre-Tax Income	18	116	24	23	21	118	26	24	23	95	22
Total Operating Income	33	189	39	38	35	166	36	33	32	140	33
Total Gross Profit	135	667	133	129	123	592	117	111	109	559	111
Total Revenue	135	667	133	129	123	592	117	111	109	559	111
Operating Revenue	135	667	133	129	123	592	117	111	109	559	111
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	102	478	94	91	89	426	81	77	76	419	79
Selling, General & Admin Expense	61	304	58	56	55	285	56	52	51	273	53
Depreciation Expense	37	174	35	34	34	141	25	25	26	146	25
Impairment Charge	4.25	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-16	-74	-16	-15	-14	-47	-9.79	-9.64	-9.54	-45	-10
Interest Expense	16	-46	15	16	14	-36	12	12	12	-34	12
Other Income / (Expense), net	0.22	2.21	-0.05	0.22	0.59	12	1.90	2.32	2.80	14	1.40
Other Gains / (Losses), net	2.40	15	2.31	2.98	2.52	10	2.39	1.71	1.94	10	2.06
Net Income / (Loss) Attributable to Noncontrolling Interest	0.80	1.12	1.07	1.08	0.89	1.06	1.25	1.10	1.32	0.84	1.07
Basic Earnings per Share	$0.17	$1.12	$0.23	$0.23	$0.20	$1.17	$0.26	$0.23	$0.22	$0.95	$0.22
Weighted Average Basic Shares Outstanding	113.17M	112.78M	110.69M	109.35M	109.35M	108.92M	105.35M	105.18M	105.18M	104.50M	104.35M
Diluted Earnings per Share	$0.17	$1.12	$0.22	$0.22	$0.20	$1.13	$0.26	$0.23	$0.22	$0.94	$0.22
Weighted Average Diluted Shares Outstanding	113.17M	112.78M	110.69M	109.35M	109.35M	108.92M	105.35M	105.18M	105.18M	104.50M	104.35M
Weighted Average Basic & Diluted Shares Outstanding	113.17M	112.78M	110.69M	109.35M	109.35M	108.92M	105.35M	105.18M	105.18M	104.50M	104.35M
Cash Dividends to Common per Share	$0.28	-	-	$0.28	$0.26	-	$0.25	$0.25	$0.22	-	$0.20

This table details how cash moves in and out of Tanger's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-45	-487	102	-34	68	7.59	-6.12	-131	4.68
Net Cash From Operating Activities	521	459	428	435	165	220	253	239	221
Net Cash From Continuing Operating Activities	521	459	428	435	165	220	253	239	221
Net Income / (Loss) Continuing Operations	206	208	172	19	-38	93	72	204	222
Consolidated Net Income / (Loss)	206	208	172	19	-38	93	72	204	222
Depreciation Expense	277	218	224	220	117	123	128	115	104
Amortization Expense	9.54	8.93	10	9.51	6.79	4.88	6.55	7.83	2.99
Non-Cash Adjustments To Reconcile Net Income	19	31	19	147	83	7.97	45	-91	-109
Changes in Operating Assets and Liabilities, net	9.91	-6.30	3.49	40	-4.32	-8.45	1.59	2.52	0.63
Net Cash From Investing Activities	-356	-819	-198	-45	-19	99	-118	-167	-222
Net Cash From Continuing Investing Activities	-356	-819	-198	-45	-27	99	-118	-167	-222
Purchase of Property, Plant & Equipment	-167	-541	-15	-6.35	-	-	-	-	-
Purchase of Investments	-20	-25	-120	-14	-11	-2.32	-5.89	-33	-45
Sale of Property, Plant & Equipment	12	13	19	20	-	-	-	-	-
Sale and/or Maturity of Investments	26	116	53	39	9.07	18	25	60	27
Other Investing Activities, net	-206	-383	-135	-84	-26	84	-137	-149	-203
Net Cash From Financing Activities	-97	-39	-128	-237	-78	-312	-142	-203	6.85
Net Cash From Continuing Financing Activities	-210	-127	-128	-424	-78	-312	-142	-203	6.85
Repayment of Debt	-574	-150	-15	-1,241	-647	-431	-949	-1,339	-510
Payment of Dividends	-251	-217	-176	-152	-70	-140	-137	-149	-110
Issuance of Debt	524	166	73	788	642	283	985	1,283	628
Issuance of Common Equity	115	89	0.00	187	-	0.00	-	-	-
Other Financing Activities, net	-24	-14	-9.97	-6.06	-2.07	-3.87	8.34	1.14	-0.24
Effect of Exchange Rate Changes	-0.24	-0.23	-0.22	-0.35	-0.22	-0.02	-0.06	0.32	-1.10

This table details how cash moves in and out of Tanger's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-37	-43	1.99	0.92	-4.64	-463	-25	10	-9.30	-	-13
Net Cash From Operating Activities	41	352	65	73	31	307	53	73	26	-	34
Net Cash From Continuing Operating Activities	41	352	65	73	31	307	53	73	26	-	34
Net Income / (Loss) Continuing Operations	20	130	26	26	23	129	29	25	25	-	24
Consolidated Net Income / (Loss)	20	130	26	26	23	129	29	25	25	-	24
Depreciation Expense	37	174	35	34	34	141	25	25	26	-	25
Amortization Expense	0.74	5.99	1.27	1.18	1.10	5.45	1.30	1.10	1.09	-	0.58
Non-Cash Adjustments To Reconcile Net Income	9.24	13	2.16	3.22	0.98	20	3.84	3.71	3.02	-	3.62
Changes in Operating Assets and Liabilities, net	-26	29	0.43	8.29	-28	11	-6.19	18	-29	-	-20
Net Cash From Investing Activities	-176	-289	-20	-21	-26	-732	-52	-33	-1.87	-	-23
Net Cash From Continuing Investing Activities	-176	-289	-20	-21	-26	-732	-52	-33	-1.87	-	-23
Purchase of Property, Plant & Equipment	-166	-161	-1.03	-3.36	-2.38	-534	-4.99	-1.77	-0.37	-	-
Acquisitions	0.00	-	-	-	-	-	0.02	-	-	-	-
Purchase of Investments	0.00	-20	-	-	-	-17	-	-	-	-	-
Sale of Property, Plant & Equipment	1.04	6.76	2.80	0.67	1.88	9.60	-0.40	0.75	3.07	-	13
Divestitures	0.00	-	-	-	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	1.30	14	3.43	6.15	2.45	65	9.92	19	22	-	1.56
Other Investing Activities, net	-13	-128	-25	-25	-28	-258	-49	-49	-27	-	-42
Net Cash From Financing Activities	98	6.81	-43	-51	-9.34	50	-26	-30	-33	-	-24
Net Cash From Continuing Financing Activities	98	-106	-43	-51	-9.34	-39	-25	-30	-33	-	-24
Repayment of Debt	-21	-295	-79	-114	-85	-146	-1.29	-1.18	-1.16	-	-1.12
Payment of Dividends	-34	-157	-31	-31	-31	-138	-27	-27	-26	-	-22
Issuance of Debt	160	262	43	102	117	166	-	-	0.00	-	-
Issuance of Common Equity	0.00	91	24	-	0.08	86	2.47	-	0.00	-	-
Other Financing Activities, net	-7.51	-6.49	0.21	-7.07	-10	-7.15	0.14	-1.45	-5.94	-	-0.80
Effect of Exchange Rate Changes	-0.19	-0.32	-0.14	0.30	-0.09	0.09	0.04	-0.36	0.01	-	-

This table presents Tanger's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Total Assets	4,762	4,648	2,218	2,157	2,190	2,285	2,385	2,540	2,526
Total Current Assets	0.00	18	105	161	85	17	9.08	6.10	12
Short-Term Investments	0.00	18	105	-	-	-	-	-	-
Plant, Property, & Equipment, net	3,960	3,906	4,514	1,655	1,738	1,887	2,065	2,187	2,151
Plant, Property & Equipment, gross	6,816	6,542	5,739	2,801	2,793	2,897	3,046	3,088	2,966
Accumulated Depreciation	2,856	2,637	1,225	1,145	1,055	1,010	981	902	815
Total Noncurrent Assets	725	646	401	421	366	382	311	348	363
Long-Term Investments	131	144	74	83	95	95	96	119	128
Intangible Assets	170	183	-	74	85	97	117	132	152
Other Noncurrent Operating Assets	424	320	268	105	105	104	98	96	83
Total Liabilities & Shareholders' Equity	4,762	4,648	2,218	2,157	2,190	2,285	2,385	2,540	2,526
Total Liabilities	3,402	3,465	1,704	1,658	1,831	1,829	1,879	1,928	1,821
Total Current Liabilities	215	236	105	93	88	80	83	90	78
Accounts Payable	215	236	105	93	88	80	83	90	78
Total Noncurrent Liabilities	3,103	3,143	1,296	1,565	1,742	1,750	1,797	1,837	1,743
Long-Term Debt	2,848	2,878	1,038	1,397	1,568	1,570	1,713	1,764	1,688
Other Noncurrent Operating Liabilities	255	264	83	79	84	89	84	74	55
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,359	1,183	514	500	359	456	506	612	705
Total Preferred & Common Equity	652	567	492	478	341	433	480	582	670
Total Common Equity	680	591	492	478	341	433	480	582	670
Common Stock	2,018	1,810	988	979	788	776	780	786	821
Accumulated Other Comprehensive Income / (Loss)	-57	-48	-11	-18	-27	-25	-27	-19	-28
Other Equity Adjustments	-512	-490	-486	-483	-420	-317	-272	-185	-123
Noncontrolling Interest	27	25	22	22	17	23	25	31	35

This table presents Tanger's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,478	2,275	2,294	2,301	2,205	2,196	2,185	2,158
Total Current Assets	27	11	2.21	7.74	202	228	236	181
Cash & Equivalents	10	11	-	-	188	213	203	181
Short-Term Investments	0.00	0.00	2.21	7.74	13	15	33	-
Other Current Nonoperating Assets	17	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	2,091	1,923	1,927	1,940	1,684	1,657	1,586	1,631
Plant, Property & Equipment, gross	3,514	3,324	3,303	3,287	2,979	2,929	2,834	2,843
Accumulated Depreciation	1,423	1,401	1,376	1,347	1,295	1,272	1,248	1,212
Total Noncurrent Assets	360	341	355	345	320	311	364	346
Long-Term Investments	64	70	72	72	72	74	73	75
Noncurrent Note & Lease Receivables	76	76	77	77	-	-	-	79
Intangible Assets	105	78	82	86	54	56	-	64
Other Noncurrent Operating Assets	115	117	124	110	193	181	291	129
Total Liabilities & Shareholders' Equity	2,478	2,275	2,294	2,301	2,205	2,196	2,185	2,158
Total Liabilities	1,818	1,683	1,716	1,721	1,693	1,688	1,679	1,642
Total Current Liabilities	75	87	86	78	99	92	79	76
Accounts Payable	75	87	86	78	99	92	79	76
Total Noncurrent Liabilities	1,743	1,596	1,630	1,644	1,594	1,596	1,600	1,566
Long-Term Debt	1,563	1,424	1,460	1,472	1,427	1,427	1,428	1,395
Other Noncurrent Operating Liabilities	180	172	170	172	167	169	172	170
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	660	593	578	580	512	508	506	516
Total Preferred & Common Equity	634	568	554	556	491	486	485	493
Total Common Equity	634	568	554	556	491	486	485	493
Common Stock	1,188	1,104	1,077	1,074	994	988	985	986
Accumulated Other Comprehensive Income / (Loss)	-29	-27	-21	-21	-17	-13	-14	-11
Other Equity Adjustments	-525	-508	-503	-497	-486	-488	-487	-481
Noncontrolling Interest	26	24	24	24	22	22	22	22

This table displays calculated financial ratios and metrics derived from Tanger's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.28%	4.92%	3.77%	118.74%	-59.24%	0.00%	1.32%	4.81%	112.05%	0.00%
EBITDA Growth	15.04%	6.44%	11.68%	192.22%	-64.89%	18.12%	-24.92%	-24.76%	69.84%	52.14%
EBIT Growth	5.95%	15.39%	22.73%	744.73%	-91.81%	33.89%	-35.76%	-32.95%	91.89%	88.96%
NOPAT Growth	12.54%	16.14%	11.91%	1,317.63%	-93.14%	-2.48%	-32.43%	6.24%	109.44%	9.55%
Net Income Growth	-1.08%	21.03%	798.00%	150.29%	-120.50%	0.00%	-36.61%	-64.82%	83.94%	0.00%
EPS Growth	-4.35%	19.48%	862.50%	140.00%	-121.51%	0.00%	-36.62%	-64.68%	82.73%	0.00%
Operating Cash Flow Growth	13.54%	7.29%	-1.72%	164.29%	-25.27%	0.00%	2.04%	5.78%	8.41%	0.00%
Free Cash Flow Firm Growth	-87.68%	138.96%	-1,272.92%	21.31%	-42.77%	-9.81%	9.32%	116.61%	-203.38%	1,473.53%
Invested Capital Growth	4.52%	-16.03%	155.45%	-0.86%	-8.39%	-5.09%	-6.09%	-0.11%	0.00%	-100.00%
Revenue Q/Q Growth	7.67%	3.66%	2.37%	0.00%	-51.17%	-1.38%	0.14%	0.40%	2.59%	0.00%
EBITDA Q/Q Growth	8.55%	5.79%	47.02%	0.00%	0.07%	4.02%	-40.95%	-13.77%	51.58%	0.00%
EBIT Q/Q Growth	4.53%	9.11%	13.37%	0.00%	5.22%	-22.27%	-52.37%	6.79%	34.62%	0.00%
NOPAT Q/Q Growth	8.43%	10.65%	6.73%	0.00%	28.30%	-28.39%	-52.19%	6.24%	0.00%	0.00%
Net Income Q/Q Growth	0.81%	12.87%	91.00%	0.00%	62.49%	-26.25%	-21.97%	12.20%	-30.18%	0.00%
EPS Q/Q Growth	-0.57%	11.52%	90.12%	0.00%	62.96%	-26.77%	-22.41%	14.52%	-30.21%	0.00%
Operating Cash Flow Q/Q Growth	9.50%	0.00%	117.76%	0.00%	7.37%	284.34%	3.35%	-40.39%	404.71%	0.00%
Free Cash Flow Firm Q/Q Growth	1,574.78%	336.34%	-933.77%	53.81%	2.64%	-17.98%	-35.15%	-87.21%	-373.83%	203.72%
Invested Capital Q/Q Growth	110.98%	134.64%	181.05%	3.99%	-3.08%	-2.76%	-2.00%	0.00%	1.00%	-100.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	56.19%	55.32%	54.54%	50.67%	37.93%	44.04%	36.05%	48.65%	67.78%	84.62%
Operating Margin	28.63%	28.82%	26.04%	24.14%	5.32%	22.14%	21.95%	32.92%	32.47%	32.88%
EBIT Margin	28.91%	30.91%	28.11%	23.77%	6.15%	30.64%	22.13%	34.90%	54.55%	60.28%
Profit (Net Income) Margin	19.53%	22.37%	19.39%	2.24%	-9.75%	19.39%	9.21%	14.72%	43.86%	50.57%
Tax Burden Percent	112.34%	108.62%	111.13%	1,461.47%	97.12%	109.23%	102.07%	102.77%	105.62%	105.45%
Interest Burden Percent	60.14%	66.62%	62.07%	0.65%	-163.06%	57.92%	40.78%	41.05%	76.13%	79.54%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	7.54%	6.25%	7.12%	11.26%	0.76%	10.28%	9.95%	14.28%	26.86%	16.58%
ROIC Less NNEP Spread (ROIC-NNEP)	4.03%	4.51%	4.97%	-2.09%	-2.71%	8.62%	2.19%	3.12%	40.57%	29.34%
Return on Net Nonoperating Assets (RNNOA)	8.63%	18.24%	26.75%	-6.80%	-10.08%	28.29%	6.35%	7.54%	89.00%	0.00%
Return on Equity (ROE)	16.17%	24.49%	33.87%	4.45%	-9.33%	38.57%	16.30%	21.82%	115.86%	0.00%
Cash Return on Invested Capital (CROIC)	3.12%	23.68%	-80.35%	12.12%	9.51%	15.51%	16.23%	14.39%	-173.14%	216.58%
Operating Return on Assets (OROA)	6.47%	8.37%	11.38%	9.33%	1.07%	12.55%	8.89%	13.45%	40.24%	0.00%
Return on Assets (ROA)	4.37%	6.05%	7.85%	0.88%	-1.70%	7.94%	3.70%	5.67%	32.35%	0.00%
Return on Common Equity (ROCE)	8.09%	15.63%	32.39%	4.25%	-8.87%	36.64%	15.49%	20.73%	110.07%	0.00%
Return on Equity Simple (ROE_SIMPLE)	31.50%	36.66%	34.92%	4.00%	-11.13%	42.81%	18.98%	24.72%	60.97%	0.00%
Net Operating Profit after Tax (NOPAT)	301	268	230	206	15	212	217	321	303	144
NOPAT Margin	28.63%	28.82%	26.04%	24.14%	3.73%	22.14%	21.95%	32.92%	32.47%	32.88%
Net Nonoperating Expense Percent (NNEP)	3.51%	1.75%	2.15%	13.34%	3.47%	1.67%	7.77%	11.16%	-13.71%	-12.76%
Return On Investment Capital (ROIC_SIMPLE)	7.16%	6.59%	13.35%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	45.00%	47.73%	48.68%	48.43%	47.40%	44.22%	41.36%	40.81%	42.66%	43.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	71.37%	71.18%	73.96%	75.86%	94.68%	77.86%	78.05%	67.08%	67.53%	67.12%
Earnings before Interest and Taxes (EBIT)	304	287	249	203	24	293	219	341	508	265
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	591	514	483	432	148	421	357	475	631	372
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.51	4.71	3.47	3.70	2.31	2.49	2.97	2.97	3.36	0.00
Price to Tangible Book Value (P/TBV)	7.35	6.82	3.47	4.38	3.08	3.20	3.93	3.85	4.34	0.00
Price to Revenue (P/Rev)	3.56	3.00	1.93	2.07	2.02	1.13	1.44	1.77	2.42	4.51
Price to Earnings (P/E)	18.60	13.75	10.17	94.73	0.00	5.98	15.91	12.39	5.66	9.39
Dividend Yield	3.21%	3.66%	4.91%	4.20%	16.85%	12.19%	9.17%	7.42%	6.27%	6.31%
Earnings Yield	5.38%	7.27%	9.84%	1.06%	0.00%	16.73%	6.28%	8.07%	17.66%	10.65%
Enterprise Value to Invested Capital (EV/IC)	1.59	1.41	0.59	1.67	1.24	1.32	1.45	1.51	1.70	0.00
Enterprise Value to Revenue (EV/Rev)	6.17	5.95	3.12	3.56	5.86	2.77	3.09	3.48	4.12	4.51
Enterprise Value to EBITDA (EV/EBITDA)	10.98	10.76	5.72	7.02	15.45	6.29	8.58	7.15	6.07	5.33
Enterprise Value to EBIT (EV/EBIT)	21.33	19.25	11.11	14.96	95.20	9.04	13.98	9.97	7.55	7.49
Enterprise Value to NOPAT (EV/NOPAT)	21.54	20.65	11.99	14.73	157.30	12.52	14.09	10.57	12.68	13.73
Enterprise Value to Operating Cash Flow (EV/OCF)	12.45	12.04	6.46	6.97	13.87	12.03	11.84	13.42	16.02	8.98
Enterprise Value to Free Cash Flow (EV/FCFF)	52.00	5.45	0.00	13.68	12.50	8.30	8.64	10.49	0.00	1.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.09	2.43	2.36	2.97	4.62	3.64	3.39	2.88	2.39	0.00
Long-Term Debt to Equity	2.09	2.43	2.36	2.97	4.62	3.64	3.39	2.88	2.39	0.00
Financial Leverage	2.14	4.05	5.39	3.26	3.72	3.28	2.90	2.42	2.19	0.00
Leverage Ratio	3.70	4.05	4.32	5.06	5.49	4.86	4.41	3.84	3.58	0.00
Compound Leverage Factor	2.23	2.70	2.68	0.03	-8.95	2.81	1.80	1.58	2.73	0.00
Debt to Total Capital	67.69%	70.88%	70.24%	74.83%	82.21%	78.46%	77.21%	74.23%	70.52%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	67.69%	70.88%	70.24%	74.83%	82.21%	78.46%	77.21%	74.23%	70.52%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.65%	0.60%	1.29%	1.10%	0.87%	1.08%	1.14%	1.29%	1.47%	0.00%
Common Equity to Total Capital	16.16%	14.56%	28.47%	24.07%	16.93%	20.46%	21.64%	24.48%	28.00%	0.00%
Debt to EBITDA	4.82	5.60	2.51	3.44	11.21	3.94	4.80	3.71	2.67	0.00
Net Debt to EBITDA	4.59	5.29	2.14	2.87	10.00	3.68	4.51	3.45	2.45	0.00
Long-Term Debt to EBITDA	4.82	5.60	2.51	3.44	11.21	3.94	4.80	3.71	2.67	0.00
Debt to NOPAT	9.45	10.75	5.26	7.22	114.13	7.84	7.89	5.49	5.58	0.00
Net Debt to NOPAT	9.02	10.15	4.49	6.03	101.78	7.32	7.40	5.10	5.11	0.00
Long-Term Debt to NOPAT	9.45	10.75	5.26	7.22	114.13	7.84	7.89	5.49	5.58	0.00
Altman Z-Score	1.04	0.83	1.37	1.38	0.47	1.16	1.14	1.33	1.74	0.00
Noncontrolling Interest Sharing Ratio	50.00%	36.17%	4.36%	4.58%	4.96%	5.02%	5.02%	5.00%	4.99%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.08	1.00	1.73	0.96	0.21	0.11	0.07	0.16	0.00
Quick Ratio	0.00	0.08	1.00	1.73	0.96	0.21	0.11	0.07	0.16	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	125	1,014	-2,601	222	183	319	354	324	-1,950	1,887
Operating Cash Flow to CapEx	335.53%	86.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-5,858.71	1.10	2.90	2.59	2.73	1.61	-16.07	34.82
Operating Cash Flow to Interest Expense	0.00	0.00	963.76	2.16	2.61	1.79	1.99	1.26	1.97	4.07
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	973.07	2.23	2.61	1.79	1.99	1.26	1.97	4.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.22	0.27	0.40	0.39	0.17	0.41	0.40	0.39	0.74	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.27	0.22	0.29	0.50	0.22	0.48	0.47	0.45	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,084	3,908	4,653	1,822	1,837	2,006	2,113	2,250	2,253	0.00
Invested Capital Turnover	0.26	0.22	0.27	0.47	0.20	0.46	0.45	0.43	0.83	0.50
Increase / (Decrease) in Invested Capital	176	-746	2,832	-16	-168	-108	-137	-2.57	2,253	-1,742
Enterprise Value (EV)	6,490	5,529	2,764	3,033	2,285	2,651	3,060	3,399	3,835	1,983
Market Capitalization	3,747	2,788	1,707	1,769	789	1,078	1,426	1,730	2,252	1,983
Book Value per Share	$6.14	$5.43	$4.71	$4.59	$3.65	$4.66	$5.11	$6.15	$6.98	$0.00
Tangible Book Value per Share	$4.60	$3.75	$4.71	$3.88	$2.74	$3.62	$3.87	$4.75	$5.40	$0.00
Total Capital	4,207	4,061	1,727	1,986	2,017	2,117	2,218	2,376	2,393	0.00
Total Debt	2,848	2,878	1,213	1,486	1,658	1,661	1,713	1,764	1,688	0.00
Total Long-Term Debt	2,848	2,878	1,213	1,486	1,658	1,661	1,713	1,764	1,688	0.00
Net Debt	2,716	2,716	1,034	1,242	1,479	1,550	1,608	1,638	1,548	0.00
Capital Expenditures (CapEx)	155	528	-4.13	-14	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-215	-236	-105	-93	-88	-80	-83	-90	-78	0.00
Debt-free Net Working Capital (DFNWC)	-215	-218	0.16	68	-3.42	-63	-74	-84	-66	0.00
Net Working Capital (NWC)	-215	-218	0.16	68	-3.42	-63	-74	-84	-66	0.00
Net Nonoperating Expense (NNE)	96	60	59	187	53	26	126	178	-106	-78
Net Nonoperating Obligations (NNO)	2,725	2,725	4,139	1,322	1,479	1,550	1,608	1,638	1,548	0.00
Total Depreciation and Amortization (D&A)	287	227	234	230	124	128	138	134	123	107
Debt-free, Cash-free Net Working Capital to Revenue	-20.41%	-25.45%	-11.83%	-10.90%	-22.63%	-8.32%	-8.36%	-9.26%	-8.39%	0.00%
Debt-free Net Working Capital to Revenue	-20.41%	-23.47%	0.02%	8.00%	-0.88%	-6.57%	-7.44%	-8.63%	-7.08%	0.00%
Net Working Capital to Revenue	-20.41%	-23.47%	0.02%	8.00%	-0.88%	-6.57%	-7.44%	-8.63%	-7.08%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.78	$1.88	$1.56	$0.00	($0.80)	$0.93	$0.45	$0.71	$2.02	$0.00
Adjusted Weighted Average Basic Shares Outstanding	112.78M	108.92M	104.50M	0.00	93.57M	92.89M	93.94M	94.54M	96.26M	0.00
Adjusted Diluted Earnings per Share	$1.76	$1.84	$1.54	$0.00	($0.80)	$0.93	$0.45	$0.71	$2.01	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	112.78M	108.92M	104.50M	0.00	93.57M	92.89M	93.94M	94.54M	96.26M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	112.78M	108.92M	104.50M	0.00	93.57M	92.89M	93.94M	94.54M	96.26M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	211	187	161	154	62	201	222	225	212	101
Normalized NOPAT Margin	20.04%	20.17%	18.23%	18.05%	15.79%	21.00%	22.41%	23.04%	22.81%	23.02%
Pre Tax Income Margin	17.39%	20.59%	17.45%	0.15%	-10.04%	17.75%	9.02%	14.32%	41.53%	47.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	560.48	1.01	0.38	2.38	1.69	1.70	4.19	4.89
NOPAT to Interest Expense	0.00	0.00	519.10	1.02	0.23	1.72	1.68	1.60	2.49	2.67
EBIT Less CapEx to Interest Expense	0.00	0.00	569.79	1.07	0.38	2.38	1.69	1.70	4.19	4.89
NOPAT Less CapEx to Interest Expense	0.00	0.00	528.41	1.09	0.23	1.72	1.68	1.60	2.49	2.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	121.98%	104.56%	102.57%	793.59%	-184.31%	75.32%	151.66%	95.28%	36.34%	49.71%
Augmented Payout Ratio	121.98%	104.56%	102.57%	793.59%	-184.31%	86.10%	173.60%	129.62%	36.34%	49.71%

This table displays calculated financial ratios and metrics derived from Tanger's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.72%	12.66%	13.34%	16.55%	13.24%	5.87%	5.29%	4.54%	0.07%	3.80%	-0.91%
EBITDA Growth	1.65%	14.34%	16.83%	19.26%	12.62%	8.22%	8.12%	8.03%	7.55%	12.02%	-2.98%
EBIT Growth	-5.04%	7.40%	2.45%	8.66%	-0.35%	15.56%	12.45%	17.87%	15.32%	23.51%	0.53%
NOPAT Growth	-4.05%	14.13%	7.96%	15.60%	6.43%	18.41%	11.43%	20.46%	6.80%	11.59%	38.75%
Net Income Growth	-14.19%	1.28%	-10.21%	2.43%	-6.25%	22.56%	18.62%	21.52%	15.83%	351.79%	319.90%
EPS Growth	-15.00%	-0.89%	-15.38%	-4.35%	-9.09%	20.21%	18.18%	21.05%	15.79%	347.62%	300.00%
Operating Cash Flow Growth	33.32%	14.73%	22.52%	-0.77%	21.53%	0.00%	58.01%	4.45%	35.64%	0.00%	-35.68%
Free Cash Flow Firm Growth	55.63%	-98.61%	-967.70%	-329.35%	-281.79%	133.86%	-79.28%	37.16%	76.23%	-2,006.02%	-23.29%
Invested Capital Growth	8.56%	4.52%	16.24%	19.72%	20.84%	-16.03%	0.58%	-5.25%	-7.66%	155.45%	-5.48%
Revenue Q/Q Growth	-79.70%	401.35%	3.14%	4.53%	-79.16%	404.39%	6.06%	1.56%	-80.51%	401.65%	5.30%
EBITDA Q/Q Growth	-80.81%	390.10%	2.38%	5.55%	-78.41%	400.75%	4.51%	-0.32%	-79.25%	400.31%	4.42%
EBIT Q/Q Growth	-82.56%	389.18%	1.22%	9.95%	-80.27%	366.62%	7.36%	0.83%	-77.12%	354.05%	12.54%
NOPAT Q/Q Growth	-82.47%	382.88%	1.93%	11.18%	-79.15%	356.77%	9.15%	2.37%	-76.80%	329.84%	17.99%
Net Income Q/Q Growth	-84.66%	402.77%	0.06%	11.19%	-81.90%	345.78%	14.14%	1.77%	-76.33%	331.45%	16.94%
EPS Q/Q Growth	-84.82%	409.09%	0.00%	10.00%	-82.30%	334.62%	13.04%	4.55%	-76.60%	327.27%	15.79%
Operating Cash Flow Q/Q Growth	-88.24%	440.46%	-10.45%	134.16%	-89.88%	477.15%	-27.47%	186.80%	0.00%	0.00%	-52.06%
Free Cash Flow Firm Q/Q Growth	-1,163.85%	105.48%	18.45%	6.77%	-110.55%	3,320.80%	-78.44%	-26.10%	106.21%	-2,193.23%	42.68%
Invested Capital Q/Q Growth	-47.80%	110.98%	-0.95%	-0.48%	1.40%	134.64%	2.02%	0.44%	-65.08%	181.05%	-3.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	52.64%	55.68%	56.96%	57.38%	56.82%	54.86%	55.26%	56.08%	57.14%	53.67%	53.81%
Operating Margin	24.49%	28.36%	29.45%	29.79%	28.01%	28.00%	30.91%	30.04%	29.80%	25.03%	29.21%
EBIT Margin	24.65%	28.69%	29.41%	29.96%	28.49%	30.10%	32.53%	32.14%	32.37%	27.57%	30.46%
Profit (Net Income) Margin	14.77%	19.55%	19.50%	20.10%	18.89%	21.75%	24.61%	22.87%	22.82%	18.79%	21.84%
Tax Burden Percent	113.63%	112.78%	109.79%	112.97%	112.10%	108.84%	109.02%	107.23%	108.44%	110.98%	109.22%
Interest Burden Percent	52.74%	60.42%	60.39%	59.37%	59.16%	66.40%	69.38%	66.35%	65.00%	61.40%	65.66%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	12.73%	7.47%	15.98%	15.98%	14.72%	6.07%	16.68%	15.94%	15.59%	6.84%	14.83%
ROIC Less NNEP Spread (ROIC-NNEP)	11.81%	5.31%	14.92%	14.98%	13.82%	5.00%	16.04%	15.26%	14.95%	5.57%	14.15%
Return on Net Nonoperating Assets (RNNOA)	27.20%	11.39%	33.70%	34.51%	31.86%	20.22%	35.76%	34.92%	34.81%	29.99%	34.26%
Return on Equity (ROE)	39.93%	18.86%	49.68%	50.49%	46.58%	26.29%	52.45%	50.86%	50.40%	36.83%	49.09%
Cash Return on Invested Capital (CROIC)	6.44%	3.12%	0.41%	-2.62%	-3.84%	23.68%	13.99%	19.59%	21.71%	-80.35%	18.31%
Operating Return on Assets (OROA)	10.98%	6.42%	12.83%	12.84%	11.98%	8.14%	13.36%	13.15%	13.27%	11.16%	12.23%
Return on Assets (ROA)	6.58%	4.37%	8.50%	8.61%	7.94%	5.88%	10.11%	9.36%	9.35%	7.60%	8.77%
Return on Common Equity (ROCE)	38.31%	9.43%	47.61%	48.36%	44.62%	16.78%	50.20%	48.65%	48.21%	35.22%	46.95%
Return on Equity Simple (ROE_SIMPLE)	31.90%	0.00%	35.88%	37.35%	37.10%	0.00%	37.51%	36.95%	36.13%	0.00%	18.21%
Net Operating Profit after Tax (NOPAT)	33	189	39	38	35	166	36	33	32	140	33
NOPAT Margin	24.49%	28.36%	29.45%	29.79%	28.01%	28.00%	30.91%	30.04%	29.80%	25.03%	29.21%
Net Nonoperating Expense Percent (NNEP)	0.92%	2.16%	1.06%	1.00%	0.90%	1.08%	0.65%	0.68%	0.64%	1.28%	0.68%
Return On Investment Capital (ROIC_SIMPLE)	1.49%	4.50%	-	-	-	4.08%	-	-	-	8.10%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	44.93%	45.55%	43.96%	43.71%	44.54%	48.16%	47.46%	47.01%	46.43%	48.87%	47.96%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	75.51%	71.64%	70.55%	70.21%	71.99%	72.00%	69.09%	69.96%	70.20%	74.97%	70.79%
Earnings before Interest and Taxes (EBIT)	33	191	39	39	35	178	38	36	35	154	34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	71	371	76	74	70	325	65	62	62	300	60
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.96	5.51	6.33	5.30	0.00	4.71	4.61	4.54	3.97	3.47	2.65
Price to Tangible Book Value (P/TBV)	7.14	7.35	7.33	6.22	0.00	6.82	5.19	5.13	3.97	3.47	3.04
Price to Revenue (P/Rev)	3.55	3.56	3.68	3.05	0.00	3.00	2.53	2.48	2.17	1.93	1.51
Price to Earnings (P/E)	19.05	18.60	18.04	14.52	0.00	13.75	12.61	12.59	11.25	10.17	15.19
Dividend Yield	3.29%	3.21%	3.25%	3.87%	3.49%	3.66%	4.32%	4.22%	4.56%	4.91%	6.11%
Earnings Yield	5.25%	5.38%	5.54%	6.89%	0.00%	7.27%	7.93%	7.94%	8.89%	9.84%	6.58%
Enterprise Value to Invested Capital (EV/IC)	2.48	1.59	2.57	2.22	0.00	1.41	2.07	2.05	1.89	0.59	1.49
Enterprise Value to Revenue (EV/Rev)	4.97	6.17	5.08	4.52	0.00	5.95	3.84	3.77	3.46	3.12	2.85
Enterprise Value to EBITDA (EV/EBITDA)	8.93	10.98	9.12	8.14	0.00	10.76	7.08	6.82	6.29	5.72	7.52
Enterprise Value to EBIT (EV/EBIT)	17.49	21.33	17.06	14.98	0.00	19.25	13.07	12.95	12.08	11.11	11.25
Enterprise Value to NOPAT (EV/NOPAT)	17.64	21.54	17.88	15.81	0.00	20.65	14.22	14.07	13.17	11.99	11.43
Enterprise Value to Operating Cash Flow (EV/OCF)	9.95	12.45	10.43	9.37	0.00	12.04	0.00	7.66	7.05	6.46	12.56
Enterprise Value to Free Cash Flow (EV/FCFF)	40.14	52.00	666.36	0.00	0.00	5.45	14.80	10.20	8.34	0.00	7.91
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.37	2.09	2.40	2.53	2.54	2.43	2.78	2.81	2.82	2.36	2.71
Long-Term Debt to Equity	2.37	2.09	2.40	2.53	2.54	2.43	2.78	2.81	2.82	2.36	2.71
Financial Leverage	2.30	2.14	2.26	2.30	2.30	4.05	2.23	2.29	2.33	5.39	2.42
Leverage Ratio	3.85	3.70	4.05	4.14	4.13	4.05	4.24	4.26	4.25	4.32	4.32
Compound Leverage Factor	2.03	2.24	2.45	2.46	2.44	2.69	2.94	2.83	2.76	2.65	2.84
Debt to Total Capital	70.31%	67.69%	70.62%	71.65%	71.74%	70.88%	73.58%	73.76%	73.82%	70.24%	73.02%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	70.31%	67.69%	70.62%	71.65%	71.74%	70.88%	73.58%	73.76%	73.82%	70.24%	73.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.17%	0.65%	1.21%	1.17%	1.17%	0.60%	1.12%	1.13%	1.13%	1.29%	1.16%
Common Equity to Total Capital	28.51%	16.16%	28.17%	27.18%	27.09%	14.56%	25.30%	25.11%	25.05%	28.47%	25.82%
Debt to EBITDA	2.64	4.82	2.62	2.74	2.82	5.60	2.94	2.90	2.93	2.51	4.25
Net Debt to EBITDA	2.51	4.59	2.47	2.60	2.67	5.29	2.37	2.29	2.30	2.14	3.47
Long-Term Debt to EBITDA	2.64	4.82	2.62	2.74	2.82	5.60	2.94	2.90	2.93	2.51	4.25
Debt to NOPAT	5.21	9.45	5.13	5.31	5.46	10.75	5.90	5.99	6.14	5.26	6.46
Net Debt to NOPAT	4.96	9.02	4.83	5.04	5.16	10.15	4.77	4.72	4.81	4.49	5.28
Long-Term Debt to NOPAT	5.21	9.45	5.13	5.31	5.46	10.75	5.90	5.99	6.14	5.26	6.46
Altman Z-Score	1.70	0.96	1.73	1.46	0.00	0.75	1.32	1.32	1.23	1.23	0.99
Noncontrolling Interest Sharing Ratio	4.04%	50.00%	4.17%	4.21%	4.21%	36.17%	4.28%	4.33%	4.33%	4.36%	4.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.36	0.00	0.13	0.03	0.10	0.08	2.04	2.49	2.97	1.00	2.36
Quick Ratio	0.14	0.00	0.13	0.03	0.10	0.08	2.04	2.49	2.97	1.00	2.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-135	13	-231	-284	-304	912	27	124	167	-2,692	129
Operating Cash Flow to CapEx	25.19%	228.81%	0.00%	2,709.61%	6,278.99%	58.57%	987.63%	7,226.11%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-8.55	0.00	-14.92	-18.06	-21.19	0.00	2.28	10.33	13.55	0.00	11.03
Operating Cash Flow to Interest Expense	2.63	0.00	4.21	4.64	2.17	0.00	4.55	6.13	2.07	0.00	2.89
Operating Cash Flow Less CapEx to Interest Expense	-7.80	0.00	4.32	4.46	2.13	0.00	4.09	6.04	2.29	0.00	3.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.22	0.44	0.43	0.42	0.27	0.41	0.41	0.41	0.40	0.40
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.53	0.27	0.54	0.54	0.54	0.22	0.54	0.54	0.55	0.29	0.53
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,132	4,084	1,936	1,954	1,964	3,908	1,665	1,632	1,625	4,653	1,656
Invested Capital Turnover	0.52	0.26	0.54	0.54	0.53	0.22	0.54	0.53	0.52	0.27	0.51
Increase / (Decrease) in Invested Capital	168	176	270	322	339	-746	9.63	-90	-135	2,832	-96
Enterprise Value (EV)	5,290	6,490	4,966	4,346	0.00	5,529	3,439	3,352	3,064	2,764	2,469
Market Capitalization	3,775	3,747	3,599	2,937	0.00	2,788	2,264	2,206	1,923	1,707	1,307
Book Value per Share	$5.62	$6.14	$5.20	$5.06	$5.08	$5.43	$4.67	$4.62	$4.64	$4.71	$4.73
Tangible Book Value per Share	$4.69	$4.60	$4.49	$4.32	$4.29	$3.75	$4.15	$4.09	$4.64	$4.71	$4.11
Total Capital	2,223	4,207	2,017	2,038	2,051	4,061	1,939	1,935	1,934	1,727	1,911
Total Debt	1,563	2,848	1,424	1,460	1,472	2,878	1,427	1,427	1,428	1,213	1,395
Total Long-Term Debt	1,563	2,848	1,424	1,460	1,472	2,878	1,427	1,427	1,428	1,213	1,395
Net Debt	1,488	2,716	1,343	1,386	1,392	2,716	1,153	1,125	1,119	1,034	1,140
Capital Expenditures (CapEx)	164	154	-1.77	2.69	0.50	524	5.39	1.02	-2.70	0.00	-13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-58	-215	-87	-86	-78	-236	-99	-92	-79	-105	-76
Debt-free Net Working Capital (DFNWC)	-48	-215	-76	-84	-70	-218	103	136	156	0.16	104
Net Working Capital (NWC)	-48	-215	-76	-84	-70	-218	103	136	156	0.16	104
Net Nonoperating Expense (NNE)	13	59	13	13	11	37	7.40	7.94	7.61	35	8.21
Net Nonoperating Obligations (NNO)	1,472	2,725	1,343	1,377	1,384	2,725	1,153	1,125	1,119	4,139	1,140
Total Depreciation and Amortization (D&A)	38	180	37	35	35	147	27	26	27	146	26
Debt-free, Cash-free Net Working Capital to Revenue	-5.49%	-20.41%	-8.88%	-8.94%	-8.26%	-25.45%	-11.05%	-10.32%	-8.97%	-11.83%	-8.85%
Debt-free Net Working Capital to Revenue	-4.54%	-20.41%	-7.75%	-8.71%	-7.44%	-23.47%	11.45%	15.33%	17.66%	0.02%	12.05%
Net Working Capital to Revenue	-4.54%	-20.41%	-7.75%	-8.71%	-7.44%	-23.47%	11.45%	15.33%	17.66%	0.02%	12.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.17	$1.12	$0.23	$0.23	$0.20	$1.17	$0.26	$0.23	$0.22	$0.95	$0.22
Adjusted Weighted Average Basic Shares Outstanding	113.17M	112.78M	110.69M	109.35M	109.35M	108.92M	105.35M	105.18M	105.18M	104.50M	104.35M
Adjusted Diluted Earnings per Share	$0.17	$1.12	$0.22	$0.22	$0.20	$1.13	$0.26	$0.23	$0.22	$0.94	$0.22
Adjusted Weighted Average Diluted Shares Outstanding	113.17M	112.78M	110.69M	109.35M	109.35M	108.92M	105.35M	105.18M	105.18M	104.50M	104.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	113.17M	112.78M	110.69M	109.35M	109.35M	108.92M	105.35M	105.18M	105.18M	104.50M	104.35M
Normalized Net Operating Profit after Tax (NOPAT)	26	132	27	27	24	116	25	23	23	98	23
Normalized NOPAT Margin	19.34%	19.85%	20.61%	20.86%	19.61%	19.60%	21.64%	21.03%	20.86%	17.52%	20.45%
Pre Tax Income Margin	13.00%	17.34%	17.76%	17.79%	16.85%	19.98%	22.57%	21.32%	21.04%	16.93%	20.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.12	0.00	2.52	2.46	2.45	0.00	3.27	2.97	2.86	0.00	2.91
NOPAT to Interest Expense	2.10	0.00	2.53	2.45	2.41	0.00	3.10	2.78	2.63	0.00	2.79
EBIT Less CapEx to Interest Expense	-8.31	0.00	2.64	2.29	2.41	0.00	2.81	2.89	3.08	0.00	4.02
NOPAT Less CapEx to Interest Expense	-8.33	0.00	2.64	2.28	2.37	0.00	2.64	2.69	2.85	0.00	3.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	125.32%	121.98%	113.37%	109.56%	107.71%	104.56%	0.00%	104.10%	103.85%	102.57%	93.33%
Augmented Payout Ratio	125.32%	121.98%	113.37%	109.56%	107.71%	104.56%	0.00%	104.10%	103.85%	102.57%	93.33%

Frequently Asked Questions About Tanger's Financials

When does Tanger's fiscal year end?

According to the most recent income statement we have on file, Tanger's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Tanger's net income changed over the last 8 years?

Tanger's net income appears to be on a downward trend, with a most recent value of $205.52 million in 2024, falling from $222.17 million in 2015. The previous period was $207.76 million in 2023. Find out what analysts predict for Tanger in the coming months.

What is Tanger's operating income?

Tanger's total operating income in 2024 was $301.25 million, based on the following breakdown:

Total Gross Profit: $1.05 billion
Total Operating Expenses: $750.88 million

How has Tanger revenue changed over the last 8 years?

Over the last 8 years, Tanger's total revenue changed from $439.37 million in 2015 to $1.05 billion in 2024, a change of 139.5%.

How much debt does Tanger have?

Tanger's total liabilities were at $3.40 billion at the end of 2024, a 1.8% decrease from 2023, and a 86.9% increase since 2016.

How has Tanger's book value per share changed over the last 9 years?

Over the last 9 years, Tanger's book value per share changed from 0.00 in 2015 to 6.14 in 2024, a change of 614.0%.

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This page (NYSE:SKT) was last updated on 5/31/2025 by MarketBeat.com Staff

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Tanger (SKT) Financials

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Tanger (SKT) Financials

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