Tanger Q4 net income rises

Tanger

24/02/2026 21:26

Overview

Outlet shopping destination's Q4 net income rises yr/yr

FFO per share for Q4 increases yr/yr

Outlook

Tanger expects full-year 2026 net income per share between $1.04 and $1.12

Company anticipates 2026 FFO per share between $2.41 and $2.49

Tanger forecasts Same Center NOI growth of 2.25% to 4.25% for 2026

Result Drivers

RECORD LEASING - Tanger achieved record annual leasing volume, contributing to increased occupancy and NOI growth

STRONG TENANT DEMAND - Robust retailer demand and consumer interest fueled same center NOI increases

Company press release: ID:nBw2jtP7qa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Rental Revenue
$150.95 mln
Q4 Net Income
$34.82 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Tanger Inc is $36.00, about 1.1% above its February 23 closing price of $35.61

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 32 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)