Tanger (SKT)

• Market cap: $3.79B
• 1 day: -0.84%
• 5 days: 2.56%
• 1 month: 6.03%
• 3 months: 12.42%
• 6 months: -7.41%
• Year to date: -2.32%
• 1 year: 9.85%
• 5 years: 453.67%
• 10 years: 8.63%
• Sector: Real Estate
• Industry: Retail REIT

About: Tanger Inc is an owners and operators of outlet and open-air centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers, with a total gross leasable area of approximately 13.0 million square feet.

Employees: 425

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

49% more call options, than puts

Call options by funds: $4.37M | Put options by funds: $2.93M

16% more repeat investments, than reductions

Existing positions increased: 128 | Existing positions reduced: 110

2.06% more ownership

Funds ownership: 90.17% [Q1] → 92.23% (+2.06%) [Q2]

8% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 51

3% less funds holding

Funds holding: 332 [Q1] → 322 (-10) [Q2]

7% less capital invested

Capital invested by funds: $3.43B [Q1] → $3.19B (-$241M) [Q2]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $33 1% downside
• Avg. target: $34 2% upside
• High target: $35 5% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Ladenburg Thalmann Floris Van Dijkum	5% upside $35	Buy Initiated	18 Jul 2025
Barclays Richard Hightower	1% downside $33	Equal-Weight Initiated	2 Jul 2025