Tanger Inc. (SKT) Stock Analysis
Real Estate · REIT - Retail · NYSE
Tanger Inc. (SKT) posted $581.56M in revenue for fiscal 2025 (up 10.5% year over year), at a 19.6% net margin, and has compounded revenue about 9.5%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Tanger Inc.
Tanger Inc. has grown revenue from $442.61M to $581.56M over the last 4 fiscal years, compounding about 9.5% a year. The most recent year was up 10.5%, roughly in line with its longer-run pace.
Net margin sits at 19.6%, up 1 points year over year. It carries about $1.60B of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Tanger Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Tanger Inc. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $442.61M | $464.41M | $526.06M | $581.56M |
| Gross profit | — | — | — | — |
| Net income | $81.19M | $97.97M | $97.67M | $113.90M |
| Net margin | 18.3% | 21.1% | 18.6% | 19.6% |
Source: Tanger Inc. SEC filings (10-K).
Tanger Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 10.1% over 3 years (104.5M → 115.1M) — existing holders' stakes are being diluted.
Explore 4 years of Tanger Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Tanger Inc. financial history by metric
Compare Tanger Inc. with peers
About Tanger Inc.
Tanger Inc. is a leading owner and operator of outlet and open-air retail shopping destinations, with over 45 years of expertise in the retail and outlet shopping industries. Tanger portfolio of 38 outlet centers and three open-air lifestyle centers comprises more than 16 million square feet well positioned across tourist destinations and vibrant markets in 22 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 800 different brand name companies. Tanger Inc. was incorporated in 1981 and is based in Greensboro, North Carolina.
Tanger Inc. — frequently asked questions
What is Tanger Inc.'s revenue?
Tanger Inc. (SKT) reported revenue of $581.56M for fiscal year 2025, up 10.5% from the prior year, according to its SEC filings.
Is Tanger Inc. profitable?
Yes. SKT earned net income of $113.90M in fiscal 2025, a net margin of 19.6%.
What is SKT's P/E ratio?
Tanger Inc. trades at a price-to-earnings ratio of about 37.5 based on the latest data in our nightly-refreshed cache.
How fast is Tanger Inc. growing?
SKT's revenue grew at roughly 9.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Tanger Inc. have?
As of fiscal year 2025, SKT carried roughly $1.60B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Tanger Inc.'s market cap?
Tanger Inc. (SKT) has a market capitalization of about $4.56B, based on the latest data in our nightly-refreshed cache.
When does Tanger Inc.'s fiscal year end?
SKT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Tanger Inc.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.