Recent Updates — SKT
Tanger Inc. reported second quarter 2026 results with diluted net income of $0.29 per share and FFO of $0.64 per share, both exceeding prior year levels. The company raised its full-year 2026 estimated diluted FFO guidance to a range of $2.45–$2.52 per share from the previous estimate of $2.42–$2.50. Tanger completed the accretive acquisition of Levis Commons Town Center for approximately $60 million in May 2026 and acquired five Saks Off 5th leases for $4.3 million. The Board authorized a quarterly cash dividend of $0.3125 per share, payable August 14, 2026 to holders of record on July 31, 2026, representing a 7% increase over the prior year's payout. Tanger Inc. is a leading owner and operator of outlet and other open-air retail shopping destinations.