Tanger Outlets(SKT)
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Tanger Factory: 3.5% Yield, Margin Of Safety, Moderate FFO Multiple
Seeking Alpha· 2024-09-13 02:03
1 11 8 1999 I 1988 IFTER I Walter Bibikow Tanger Inc. (NYSE:SKT) is a growing shopping center-focused real estate investment trust that produces a very substantial amount of excess dividend coverage and strong core funds from operation from its large-scale property portfolio in North America. Tanger only pays out 50% of its funds from operations and revised its guidance for 2024 core funds from operations upward in the last quarter. In addition, Tanger has strong lease metrics and continues to grow its FFO. ...
Tanger: Building Wealth With Consistent Returns And Growth
Seeking Alpha· 2024-08-29 20:30
Daniel Grizelj As a value investor, I'm tuned to look for deals, especially when it comes to income stocks. However, waiting only on bargains can have drawbacks, as it can sometimes result in missing out on great opportunities. This brings me to Tanger Inc. (NYSE:SKT) for which I have been bullish about the prospects but cautious around valuation. In hindsight, those misgivings may have been overly conservative, considering the advantages that SKT carry over traditional retailers, including the simplicity o ...
Tanger Schedules Third Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-08-22 04:05
GREENSBORO, N.C., Aug. 21, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter ended September 30, 2024 will be released on Wednesday, November 6, 2024 after the market close. The Company will host its conference call for analysts, investors, and other interested parties on Thursday, November 7, 2024 at 8:30 a.m. Eastern Time. To access the conference call, listeners should dial ...
Tanger Outlets(SKT) - 2024 Q2 - Earnings Call Transcript
2024-08-02 23:43
财务数据和关键指标变化 - 公司在第二季度交付了每股0.53美元的核心FFO,相比去年同期的0.47美元有所增长 [13] - 同店NOI增长8%,主要由于租金收入增加以及更高的费用回收 [13] 各条业务线数据和关键指标变化 - 公司最近新增的3个购物中心(纳什维尔、亨茨维尔和阿什维尔)表现符合预期,公司正在执行租赁、商品组合和营销策略 [13] 各个市场数据和关键指标变化 - 公司的购物中心位于快速增长的市场,受益于游客、季节性和当地居民的良好组合 [7] - 年初至今的客流量与去年持平,5月和6月有所增长 [7] - 销售额连续两个季度环比增长,销售生产率也在持续提升 [7] 公司战略和发展方向及行业竞争 - 公司正在提升购物中心的零售组合,创造社区体验以吸引客流和提高参与度 [6][7] - 公司正在积极引入新品牌,约一半的重新租赁活动来自新进入公司的品牌 [9] - 公司正在利用周边土地发展酒店、娱乐等概念,以增加客流和收入 [39][57] - 行业内有一些新的开发项目,如L Catterton在欧洲的收购,以及即将开业的Tulsa高端购物中心,都显示了零售商对公司空间的需求和租金水平的上涨 [46] 管理层对经营环境和未来前景的评论 - 管理层对公司的业务表现和未来前景持乐观态度,并提高了全年指引 [6][16] - 管理层认为公司的购物中心位置优越,能够吸引游客、季节性和当地居民,并为他们提供个性化的购物体验 [7] - 管理层表示公司正在积极引入新品牌,并通过续租和重新租赁提升购物中心的零售组合 [9] 其他重要信息 - 公司发布了2023年ESG报告,展示了在可再生能源、员工关系、社区参与等方面的进展 [11] - 公司获得了2024年Nareit Investor CARE金奖,表彰了公司在沟通和报告方面的卓越表现 [11] - 公司的资产负债表保持良好,财务状况稳健,为内部和外部增长提供支持 [14][15] 问答环节重要的提问和回答 问题1 **Andrew Reale 提问** 询问第二季度费用时间性影响的具体情况 [18] **Stephen Yalof 回答** 解释了公司的运营费用在季度之间存在时间性差异,但对全年的同店NOI指引没有重大影响 [19][21] 问题2 **Floris van Dijkum 提问** 询问Rue21门店的情况以及经济条款 [23] **Stephen Yalof 回答** 说明公司已经重新租赁了部分Rue21门店,并与新的经营团队合作,预计这些门店将在节日旺季前全部重新开业 [24] 问题3 **Todd Thomas 提问** 询问费用回收率的情况及其对下半年同店NOI的影响 [28] **Stephen Yalof 回答** 解释了公司预计全年费用回收率将在中高80%区间,第二半年会有所下降,但不会对全年同店NOI指引造成重大影响 [29]
Tanger (SKT) Q2 FFO and Revenues Top Estimates
ZACKS· 2024-08-02 06:51
Tanger (SKT) came out with quarterly funds from operations (FFO) of $0.53 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to FFO of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 1.92%. A quarter ago, it was expected that this factory outlet mall operator would post FFO of $0.51 per share when it actually produced FFO of $0.52, delivering a surprise of 1.96%. Over the last four quarters, th ...
Tanger Declares Dividend Payable August 15, 2024
Prnewswire· 2024-07-16 20:52
GREENSBORO, N.C., July 16, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on August 15, 2024 to common shareholders of record on July 31, 2024. Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industri ...
Tanger: 4% Yield, Re-Tenanting Upside, Low FFO Multiple
Seeking Alpha· 2024-06-15 13:42
文章核心观点 - 公司是一家专注于零售的房地产投资信托公司,拥有良好的管理能力,为长期被动收益投资者提供了强大的价值主张 [1] - 公司同店净运营收入增长强劲,购物中心组合的入住率高,租赁到期带来的上升空间 [1][4] - 公司的基金来源于运营(FFO)倍数较低,仅支付一半的FFO作为股息,租金差价也普遍为正,有重新定价的机会,风险收益比较有吸引力 [2] 购物中心组合、NOI增长和重新租赁机会 - 公司的购物中心组合经历了疫情期间的入住率下降,但已经逐步恢复到97%的高水平 [5][6] - 公司持续增加股息,表明组合业绩的改善已传递给股东 [6] - 未来公司NOI增长可能来自两个方面:收购以及重新租赁带来的有机增长,因为大量租约将在未来几年到期 [8][9] - 2024-2026年间,51%的租金基础和53%的租赁面积将到期,公司有丰富的经验提高入住率,这为NOI和FFO增长提供了机会 [9][10] - 租金差价持续为正,表明购物中心房地产需求强劲,公司有能力推动租金上涨,从而带动有机租金增长 [11][12][13] FFO支付比率、2024年指引和估值倍数 - 公司一季度的FFO为每股0.51美元,派息率为51%,2023年为49%,为投资者提供了良好的持续派息增长机会 [13] - 公司于4月将股息增加6%至年化1.10美元,股息收益率为4.0% [13] - 公司上调了2024年FFO指引至2.02-2.10美元每股,目前股价对应13.5倍2024年预期FFO,处于合理区间 [14][15]
Tanger Inc. Receives 2024 Nareit Investor CARE Gold Award for Excellence in Communications and Reporting
Prnewswire· 2024-06-07 02:09
Nareit announced the 2024 Investor CARE Award recipients during its REITweek 2024 Investor Conference this week. This annual awards program recognizes Nareit's listed corporate members that interact most effectively with their investors online, in writing and orally, and that provide investors with the most comprehensive, clearly articulated and useful information in the most efficient manner. An independent panel of judges selected Tanger as the 2024 Gold recipient, the highest level awarded in the program ...
Tanger Expands Partnership with Sephora
Prnewswire· 2024-06-03 19:00
Prestige beauty brand will open five stores in Tanger shopping centers later this year, growing and elevating Tanger's beauty and wellness offerings GREENSBORO, N.C., June 3, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, will bring five additional Sephora stores to its shopping centers this year, significantly advancing Tanger's offerings in the beauty and wellness category. The Sephora store at Bridge Street Town Centre in Huntsv ...
Tanger Releases 2023 Environmental, Social, and Governance Report
Prnewswire· 2024-05-31 04:05
Report highlights Tanger's progress toward established goals and continued commitment to a healthier and more sustainable future GREENSBORO, N.C., May 30, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has released its 2023 Environmental, Social, and Governance (ESG) Report for the annual period ending December 31, 2023. Tanger Outlets Nashville features onsite solar energy infrastructure – one of many features at the property that ...