Tanger Inc. Common Stock (SKT)

FairStock Score: 55/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Tanger as a REIT, not a typical operating company. Reported EPS is distorted by depreciation; FFO and AFFO are the right measuring sticks, but they are not in the data. So I lean on dividend yield, leverage, revenue trend, price-to-book, and cash generation. Tanger owns 38 outlet centers and four open-air lifestyle centers, nearly 17 million square feet across 22 states and Canada—a real, niche retail platform with 45 years of experience. That can be a modest moat if locations and tenant relationships stay strong, but outlet retail is still retail: consumer traffic and tenant health matter.

In plain English: Tanger owns and operates outlet malls and open-air shopping centers in the U.S. and Canada. The business is profitable and produces solid cash, but it carries a lot of debt. At $34.71, the shares look fair to expensive compared with the company's profits and accounting value, not obviously cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer