Tanger (SKT) Financials

$31.94 -0.12 (-0.37%)

As of 03:58 PM Eastern

Annual Income Statements for Tanger

This table shows Tanger's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	211	398	140	180	-36	19	168	203	201
Consolidated Net Income / (Loss)	222	409	144	185	-38	19	172	208	206
Net Income / (Loss) Continuing Operations	222	409	144	185	-38	19	266	304	327
Total Pre-Tax Income	211	387	140	170	-39	1.31	154	191	183
Total Operating Income	144	303	321	212	21	206	230	268	301
Total Gross Profit	439	932	976	957	390	853	885	929	1,052
Total Revenue	439	932	976	957	390	853	885	929	1,052
Operating Revenue	439	932	976	957	390	853	885	929	1,052
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	295	629	655	745	369	647	655	661	751
Selling, General & Admin Expense	191	397	398	423	185	413	431	443	473
Depreciation Expense	104	231	255	247	117	220	224	218	277
Total Other Income / (Expense), net	66	84	-182	-42	-60	-205	-76	-76	-118
Interest Expense	54	121	201	123	63	201	0.44	0.00	0.00
Interest & Investment Income	-	-	-	-	-	-	0.00	0.00	0.00
Other Income / (Expense), net	120	206	19	81	3.25	-3.19	18	19	2.97
Other Gains / (Losses), net	11	22	3.87	16	1.13	18	17	16	23
Net Income / (Loss) Attributable to Noncontrolling Interest	11	11	3.87	4.87	-1.74	0.44	3.77	4.73	4.17
Basic Earnings per Share	$2.20	$4.04	$1.42	$1.86	($0.40)	$0.16	$1.56	$1.88	$1.78
Weighted Average Basic Shares Outstanding	95.88M	96.26M	94.54M	92.89M	93.57M	104.08M	104.50M	108.92M	112.78M
Diluted Earnings per Share	$2.20	$4.02	$1.42	$1.86	($0.40)	$0.16	$1.54	$1.84	$1.76
Weighted Average Diluted Shares Outstanding	95.88M	96.26M	94.54M	92.89M	93.57M	104.08M	104.50M	108.92M	112.78M
Weighted Average Basic & Diluted Shares Outstanding	95.88M	96.26M	94.54M	92.89M	93.57M	104.08M	104.50M	108.92M	112.78M

This table shows Tanger's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	23	104	24	24	28	127	22	25	25	129
Consolidated Net Income / (Loss)	24	105	25	25	29	129	23	26	26	130
Net Income / (Loss) Continuing Operations	24	199	25	25	29	225	23	26	26	252
Total Pre-Tax Income	22	95	23	24	26	118	21	23	24	116
Total Operating Income	33	140	32	33	36	166	35	38	39	189
Total Gross Profit	111	559	109	111	117	592	123	129	133	667
Total Revenue	111	559	109	111	117	592	123	129	133	667
Operating Revenue	111	559	109	111	117	592	123	129	133	667
Total Operating Expenses	79	419	76	77	81	426	89	91	94	478
Selling, General & Admin Expense	53	273	51	52	56	285	55	56	58	304
Depreciation Expense	25	146	26	25	25	141	34	34	35	174
Total Other Income / (Expense), net	-10	-45	-9.54	-9.64	-9.79	-47	-14	-15	-16	-74
Interest Expense	12	-34	12	12	12	-36	14	16	15	-46
Other Income / (Expense), net	1.40	14	2.80	2.32	1.90	12	0.59	0.22	-0.05	2.21
Other Gains / (Losses), net	2.06	10	1.94	1.71	2.39	10	2.52	2.98	2.31	15
Net Income / (Loss) Attributable to Noncontrolling Interest	1.07	0.84	1.32	1.10	1.25	1.06	0.89	1.08	1.07	1.12
Basic Earnings per Share	$0.22	$0.95	$0.22	$0.23	$0.26	$1.17	$0.20	$0.23	$0.23	$1.12
Weighted Average Basic Shares Outstanding	104.35M	104.50M	105.18M	105.18M	105.35M	108.92M	109.35M	109.35M	110.69M	112.78M
Diluted Earnings per Share	$0.22	$0.94	$0.22	$0.23	$0.26	$1.13	$0.20	$0.22	$0.22	$1.12
Weighted Average Diluted Shares Outstanding	104.35M	104.50M	105.18M	105.18M	105.35M	108.92M	109.35M	109.35M	110.69M	112.78M
Weighted Average Basic & Diluted Shares Outstanding	104.35M	104.50M	105.18M	105.18M	105.35M	108.92M	109.35M	109.35M	110.69M	112.78M

This table details how cash moves in and out of Tanger's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	4.68	-131	-6.12	7.59	68	-34	102	-487	-45
Net Cash From Operating Activities	221	239	253	220	165	435	428	459	521
Net Cash From Continuing Operating Activities	221	239	253	220	165	435	428	459	521
Net Income / (Loss) Continuing Operations	222	204	72	93	-38	19	172	208	206
Consolidated Net Income / (Loss)	222	204	72	93	-38	19	172	208	206
Depreciation Expense	104	115	128	123	117	220	224	218	277
Amortization Expense	2.99	7.83	6.55	4.88	6.79	9.51	10	8.93	9.54
Non-Cash Adjustments To Reconcile Net Income	-109	-91	45	7.97	83	147	19	31	19
Changes in Operating Assets and Liabilities, net	0.63	2.52	1.59	-8.45	-4.32	40	3.49	-6.30	9.91
Net Cash From Investing Activities	-222	-167	-118	99	-19	-45	-198	-819	-356
Net Cash From Continuing Investing Activities	-222	-167	-118	99	-27	-45	-198	-819	-356
Purchase of Property, Plant & Equipment	-	-	-	-	-	-6.35	-15	-541	-167
Purchase of Investments	-45	-33	-5.89	-2.32	-11	-14	-120	-25	-20
Sale of Property, Plant & Equipment	-	-	-	-	-	20	19	13	12
Sale and/or Maturity of Investments	27	60	25	18	9.07	39	53	116	26
Other Investing Activities, net	-203	-149	-137	84	-26	-84	-135	-383	-206
Net Cash From Financing Activities	6.85	-203	-142	-312	-78	-237	-128	-39	-97
Net Cash From Continuing Financing Activities	6.85	-203	-142	-312	-78	-424	-128	-127	-210
Repayment of Debt	-510	-1,339	-949	-431	-647	-1,241	-15	-150	-574
Payment of Dividends	-110	-149	-137	-140	-70	-152	-176	-217	-251
Issuance of Debt	628	1,283	985	283	642	788	73	166	524
Issuance of Common Equity	-	-	-	0.00	-	187	0.00	89	115
Other Financing Activities, net	-0.24	1.14	8.34	-3.87	-2.07	-6.06	-9.97	-14	-24
Effect of Exchange Rate Changes	-1.10	0.32	-0.06	-0.02	-0.22	-0.35	-0.22	-0.23	-0.24

This table details how cash moves in and out of Tanger's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-13	-	-9.30	10	-25	-463	-4.64	0.92	1.99	-43
Net Cash From Operating Activities	34	-	26	73	53	307	31	73	65	352
Net Cash From Continuing Operating Activities	34	-	26	73	53	307	31	73	65	352
Net Income / (Loss) Continuing Operations	24	-	25	25	29	129	23	26	26	130
Consolidated Net Income / (Loss)	24	-	25	25	29	129	23	26	26	130
Depreciation Expense	25	-	26	25	25	141	34	34	35	174
Amortization Expense	0.58	-	1.09	1.10	1.30	5.45	1.10	1.18	1.27	5.99
Non-Cash Adjustments To Reconcile Net Income	3.62	-	3.02	3.71	3.84	20	0.98	3.22	2.16	13
Changes in Operating Assets and Liabilities, net	-20	-	-29	18	-6.19	11	-28	8.29	0.43	29
Net Cash From Investing Activities	-23	-	-1.87	-33	-52	-732	-26	-21	-20	-289
Net Cash From Continuing Investing Activities	-23	-	-1.87	-33	-52	-732	-26	-21	-20	-289
Purchase of Property, Plant & Equipment	-	-	-0.37	-1.77	-4.99	-534	-2.38	-3.36	-1.03	-161
Purchase of Investments	-	-	-	-	-	-17	-	-	-	-20
Sale of Property, Plant & Equipment	13	-	3.07	0.75	-0.40	9.60	1.88	0.67	2.80	6.76
Sale and/or Maturity of Investments	1.56	-	22	19	9.92	65	2.45	6.15	3.43	14
Other Investing Activities, net	-42	-	-27	-49	-49	-258	-28	-25	-25	-128
Net Cash From Financing Activities	-24	-	-33	-30	-26	50	-9.34	-51	-43	6.81
Net Cash From Continuing Financing Activities	-24	-	-33	-30	-25	-39	-9.34	-51	-43	-106
Repayment of Debt	-1.12	-	-1.16	-1.18	-1.29	-146	-85	-114	-79	-295
Payment of Dividends	-22	-	-26	-27	-27	-138	-31	-31	-31	-157
Issuance of Debt	-	-	0.00	-	-	166	117	102	43	262
Issuance of Common Equity	-	-	0.00	-	2.47	86	0.08	-	24	91
Other Financing Activities, net	-0.80	-	-5.94	-1.45	0.14	-7.15	-10	-7.07	0.21	-6.49
Effect of Exchange Rate Changes	-	-	0.01	-0.36	0.04	0.09	-0.09	0.30	-0.14	-0.32

This table presents Tanger's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,526	2,540	2,385	2,285	2,190	2,157	2,218	4,648	4,762
Total Current Assets	12	6.10	9.08	17	85	161	105	18	0.00
Short-Term Investments	-	-	-	-	-	-	105	18	0.00
Plant, Property, & Equipment, net	2,151	2,187	2,065	1,887	1,738	1,655	4,514	3,906	3,960
Plant, Property & Equipment, gross	2,966	3,088	3,046	2,897	2,793	2,801	5,739	6,542	6,816
Accumulated Depreciation	815	902	981	1,010	1,055	1,145	1,225	2,637	2,856
Total Noncurrent Assets	363	348	311	382	366	421	401	646	725
Long-Term Investments	128	119	96	95	95	83	74	144	131
Intangible Assets	152	132	117	97	85	74	-	183	170
Other Noncurrent Operating Assets	83	96	98	104	105	105	268	320	424
Total Liabilities & Shareholders' Equity	2,526	2,540	2,385	2,285	2,190	2,157	2,218	4,648	4,762
Total Liabilities	1,821	1,928	1,879	1,829	1,831	1,658	1,704	3,465	3,402
Total Current Liabilities	78	90	83	80	88	93	105	236	215
Accounts Payable	78	90	83	80	88	93	105	236	215
Total Noncurrent Liabilities	1,743	1,837	1,797	1,750	1,742	1,565	1,296	3,143	3,103
Long-Term Debt	1,688	1,764	1,713	1,570	1,568	1,397	1,038	2,878	2,848
Other Noncurrent Operating Liabilities	55	74	84	89	84	79	83	264	255
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	705	612	506	456	359	500	514	1,183	1,359
Total Preferred & Common Equity	670	582	480	433	341	478	492	567	652
Total Common Equity	670	582	480	433	341	478	492	591	680
Common Stock	821	786	780	776	788	979	988	1,810	2,018
Accumulated Other Comprehensive Income / (Loss)	-28	-19	-27	-25	-27	-18	-11	-48	-57
Other Equity Adjustments	-123	-185	-272	-317	-420	-483	-486	-490	-512
Noncontrolling Interest	35	31	25	23	17	22	22	25	27

This table presents Tanger's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,158	2,185	2,196	2,205	2,301	2,294	2,275
Total Current Assets	181	236	228	202	7.74	2.21	11
Cash & Equivalents	181	203	213	188	-	-	11
Short-Term Investments	-	33	15	13	7.74	2.21	0.00
Plant, Property, & Equipment, net	1,631	1,586	1,657	1,684	1,940	1,927	1,923
Plant, Property & Equipment, gross	2,843	2,834	2,929	2,979	3,287	3,303	3,324
Accumulated Depreciation	1,212	1,248	1,272	1,295	1,347	1,376	1,401
Total Noncurrent Assets	346	364	311	320	345	355	341
Long-Term Investments	75	73	74	72	72	72	70
Noncurrent Note & Lease Receivables	79	-	-	-	77	77	76
Intangible Assets	64	-	56	54	86	82	78
Other Noncurrent Operating Assets	129	291	181	193	110	124	117
Total Liabilities & Shareholders' Equity	2,158	2,185	2,196	2,205	2,301	2,294	2,275
Total Liabilities	1,642	1,679	1,688	1,693	1,721	1,716	1,683
Total Current Liabilities	76	79	92	99	78	86	87
Accounts Payable	76	79	92	99	78	86	87
Total Noncurrent Liabilities	1,566	1,600	1,596	1,594	1,644	1,630	1,596
Long-Term Debt	1,395	1,428	1,427	1,427	1,472	1,460	1,424
Other Noncurrent Operating Liabilities	170	172	169	167	172	170	172
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	516	506	508	512	580	578	593
Total Preferred & Common Equity	493	485	486	491	556	554	568
Total Common Equity	493	485	486	491	556	554	568
Common Stock	986	985	988	994	1,074	1,077	1,104
Accumulated Other Comprehensive Income / (Loss)	-11	-14	-13	-17	-21	-21	-27
Other Equity Adjustments	-481	-487	-488	-486	-497	-503	-508
Noncontrolling Interest	22	22	22	22	24	24	24

This table displays calculated financial ratios and metrics derived from Tanger's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	112.05%	4.81%	1.32%	0.00%	-59.24%	118.74%	3.77%	4.92%	13.28%
EBITDA Growth	52.14%	69.84%	-24.76%	-24.92%	18.12%	-64.89%	192.22%	11.68%	6.44%	15.04%
EBIT Growth	88.96%	91.89%	-32.95%	-35.76%	33.89%	-91.81%	744.73%	22.73%	15.39%	5.95%
NOPAT Growth	9.55%	109.44%	6.24%	-32.43%	-2.48%	-93.14%	1,317.63%	11.91%	16.14%	12.54%
Net Income Growth	0.00%	83.94%	-64.82%	-36.61%	0.00%	-120.50%	150.29%	798.00%	21.03%	-1.08%
EPS Growth	0.00%	82.73%	-64.68%	-36.62%	0.00%	-121.51%	140.00%	862.50%	19.48%	-4.35%
Operating Cash Flow Growth	0.00%	8.41%	5.78%	2.04%	0.00%	-25.27%	164.29%	-1.72%	7.29%	13.54%
Free Cash Flow Firm Growth	1,473.53%	-203.38%	116.61%	9.32%	-9.81%	-42.77%	21.31%	-1,272.92%	138.96%	-87.68%
Invested Capital Growth	-100.00%	0.00%	-0.11%	-6.09%	-5.09%	-8.39%	-0.86%	155.45%	-16.03%	4.52%
Revenue Q/Q Growth	0.00%	2.59%	0.40%	0.14%	-1.38%	-51.17%	0.00%	2.37%	3.66%	7.67%
EBITDA Q/Q Growth	0.00%	51.58%	-13.77%	-40.95%	4.02%	0.07%	0.00%	47.02%	5.79%	8.55%
EBIT Q/Q Growth	0.00%	34.62%	6.79%	-52.37%	-22.27%	5.22%	0.00%	13.37%	9.11%	4.53%
NOPAT Q/Q Growth	0.00%	0.00%	6.24%	-52.19%	-28.39%	28.30%	0.00%	6.73%	10.65%	8.43%
Net Income Q/Q Growth	0.00%	-30.18%	12.20%	-21.97%	-26.25%	62.49%	0.00%	91.00%	12.87%	0.81%
EPS Q/Q Growth	0.00%	-30.21%	14.52%	-22.41%	-26.77%	62.96%	0.00%	90.12%	11.52%	-0.57%
Operating Cash Flow Q/Q Growth	0.00%	404.71%	-40.39%	3.35%	284.34%	7.37%	0.00%	117.76%	0.00%	9.50%
Free Cash Flow Firm Q/Q Growth	203.72%	-373.83%	-87.21%	-35.15%	-17.98%	2.64%	53.81%	-933.77%	336.34%	1,574.78%
Invested Capital Q/Q Growth	-100.00%	1.00%	0.00%	-2.00%	-2.76%	-3.08%	3.99%	181.05%	134.64%	110.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	84.62%	67.78%	48.65%	36.05%	44.04%	37.93%	50.67%	54.54%	55.32%	56.19%
Operating Margin	32.88%	32.47%	32.92%	21.95%	22.14%	5.32%	24.14%	26.04%	28.82%	28.63%
EBIT Margin	60.28%	54.55%	34.90%	22.13%	30.64%	6.15%	23.77%	28.11%	30.91%	28.91%
Profit (Net Income) Margin	50.57%	43.86%	14.72%	9.21%	19.39%	-9.75%	2.24%	19.39%	22.37%	19.53%
Tax Burden Percent	105.45%	105.62%	102.77%	102.07%	109.23%	97.12%	1,461.47%	111.13%	108.62%	112.34%
Interest Burden Percent	79.54%	76.13%	41.05%	40.78%	57.92%	-163.06%	0.65%	62.07%	66.62%	60.14%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	16.58%	26.86%	14.28%	9.95%	10.28%	0.76%	11.26%	7.12%	6.25%	7.54%
ROIC Less NNEP Spread (ROIC-NNEP)	29.34%	40.57%	3.12%	2.19%	8.62%	-2.71%	-2.09%	4.97%	4.51%	4.03%
Return on Net Nonoperating Assets (RNNOA)	0.00%	89.00%	7.54%	6.35%	28.29%	-10.08%	-6.80%	26.75%	18.24%	8.63%
Return on Equity (ROE)	0.00%	115.86%	21.82%	16.30%	38.57%	-9.33%	4.45%	33.87%	24.49%	16.17%
Cash Return on Invested Capital (CROIC)	216.58%	-173.14%	14.39%	16.23%	15.51%	9.51%	12.12%	-80.35%	23.68%	3.12%
Operating Return on Assets (OROA)	0.00%	40.24%	13.45%	8.89%	12.55%	1.07%	9.33%	11.38%	8.37%	6.47%
Return on Assets (ROA)	0.00%	32.35%	5.67%	3.70%	7.94%	-1.70%	0.88%	7.85%	6.05%	4.37%
Return on Common Equity (ROCE)	0.00%	110.07%	20.73%	15.49%	36.64%	-8.87%	4.25%	32.39%	15.63%	8.09%
Return on Equity Simple (ROE_SIMPLE)	0.00%	60.97%	24.72%	18.98%	42.81%	-11.13%	4.00%	34.92%	36.66%	31.50%
Net Operating Profit after Tax (NOPAT)	144	303	321	217	212	15	206	230	268	301
NOPAT Margin	32.88%	32.47%	32.92%	21.95%	22.14%	3.73%	24.14%	26.04%	28.82%	28.63%
Net Nonoperating Expense Percent (NNEP)	-12.76%	-13.71%	11.16%	7.77%	1.67%	3.47%	13.34%	2.15%	1.75%	3.51%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	13.35%	6.59%	7.16%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	43.47%	42.66%	40.81%	41.36%	44.22%	47.40%	48.43%	48.68%	47.73%	45.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	67.12%	67.53%	67.08%	78.05%	77.86%	94.68%	75.86%	73.96%	71.18%	71.37%
Earnings before Interest and Taxes (EBIT)	265	508	341	219	293	24	203	249	287	304
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	372	631	475	357	421	148	432	483	514	591
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.36	2.97	2.97	2.49	2.31	3.70	3.47	4.71	5.51
Price to Tangible Book Value (P/TBV)	0.00	4.34	3.85	3.93	3.20	3.08	4.38	3.47	6.82	7.35
Price to Revenue (P/Rev)	4.51	2.42	1.77	1.44	1.13	2.02	2.07	1.93	3.00	3.56
Price to Earnings (P/E)	9.39	5.66	12.39	15.91	5.98	0.00	94.73	10.17	13.75	18.60
Dividend Yield	6.31%	6.27%	7.42%	9.17%	12.19%	16.85%	4.20%	4.91%	3.66%	3.21%
Earnings Yield	10.65%	17.66%	8.07%	6.28%	16.73%	0.00%	1.06%	9.84%	7.27%	5.38%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.70	1.51	1.45	1.32	1.24	1.67	0.59	1.41	1.59
Enterprise Value to Revenue (EV/Rev)	4.51	4.12	3.48	3.09	2.77	5.86	3.56	3.12	5.95	6.17
Enterprise Value to EBITDA (EV/EBITDA)	5.33	6.07	7.15	8.58	6.29	15.45	7.02	5.72	10.76	10.98
Enterprise Value to EBIT (EV/EBIT)	7.49	7.55	9.97	13.98	9.04	95.20	14.96	11.11	19.25	21.33
Enterprise Value to NOPAT (EV/NOPAT)	13.73	12.68	10.57	14.09	12.52	157.30	14.73	11.99	20.65	21.54
Enterprise Value to Operating Cash Flow (EV/OCF)	8.98	16.02	13.42	11.84	12.03	13.87	6.97	6.46	12.04	12.45
Enterprise Value to Free Cash Flow (EV/FCFF)	1.05	0.00	10.49	8.64	8.30	12.50	13.68	0.00	5.45	52.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	2.39	2.88	3.39	3.64	4.62	2.97	2.36	2.43	2.09
Long-Term Debt to Equity	0.00	2.39	2.88	3.39	3.64	4.62	2.97	2.36	2.43	2.09
Financial Leverage	0.00	2.19	2.42	2.90	3.28	3.72	3.26	5.39	4.05	2.14
Leverage Ratio	0.00	3.58	3.84	4.41	4.86	5.49	5.06	4.32	4.05	3.70
Compound Leverage Factor	0.00	2.73	1.58	1.80	2.81	-8.95	0.03	2.68	2.70	2.23
Debt to Total Capital	0.00%	70.52%	74.23%	77.21%	78.46%	82.21%	74.83%	70.24%	70.88%	67.69%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	70.52%	74.23%	77.21%	78.46%	82.21%	74.83%	70.24%	70.88%	67.69%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	1.47%	1.29%	1.14%	1.08%	0.87%	1.10%	1.29%	0.60%	0.65%
Common Equity to Total Capital	0.00%	28.00%	24.48%	21.64%	20.46%	16.93%	24.07%	28.47%	14.56%	16.16%
Debt to EBITDA	0.00	2.67	3.71	4.80	3.94	11.21	3.44	2.51	5.60	4.82
Net Debt to EBITDA	0.00	2.45	3.45	4.51	3.68	10.00	2.87	2.14	5.29	4.59
Long-Term Debt to EBITDA	0.00	2.67	3.71	4.80	3.94	11.21	3.44	2.51	5.60	4.82
Debt to NOPAT	0.00	5.58	5.49	7.89	7.84	114.13	7.22	5.26	10.75	9.45
Net Debt to NOPAT	0.00	5.11	5.10	7.40	7.32	101.78	6.03	4.49	10.15	9.02
Long-Term Debt to NOPAT	0.00	5.58	5.49	7.89	7.84	114.13	7.22	5.26	10.75	9.45
Altman Z-Score	0.00	1.74	1.33	1.14	1.16	0.47	1.38	1.37	0.83	1.04
Noncontrolling Interest Sharing Ratio	0.00%	4.99%	5.00%	5.02%	5.02%	4.96%	4.58%	4.36%	36.17%	50.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.16	0.07	0.11	0.21	0.96	1.73	1.00	0.08	0.00
Quick Ratio	0.00	0.16	0.07	0.11	0.21	0.96	1.73	1.00	0.08	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,887	-1,950	324	354	319	183	222	-2,601	1,014	125
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	86.97%	335.53%
Free Cash Flow to Firm to Interest Expense	34.82	-16.07	1.61	2.73	2.59	2.90	1.10	-5,858.71	0.00	0.00
Operating Cash Flow to Interest Expense	4.07	1.97	1.26	1.99	1.79	2.61	2.16	963.76	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	4.07	1.97	1.26	1.99	1.79	2.61	2.23	973.07	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.74	0.39	0.40	0.41	0.17	0.39	0.40	0.27	0.22
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.45	0.47	0.48	0.22	0.50	0.29	0.22	0.27
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	2,253	2,250	2,113	2,006	1,837	1,822	4,653	3,908	4,084
Invested Capital Turnover	0.50	0.83	0.43	0.45	0.46	0.20	0.47	0.27	0.22	0.26
Increase / (Decrease) in Invested Capital	-1,742	2,253	-2.57	-137	-108	-168	-16	2,832	-746	176
Enterprise Value (EV)	1,983	3,835	3,399	3,060	2,651	2,285	3,033	2,764	5,529	6,490
Market Capitalization	1,983	2,252	1,730	1,426	1,078	789	1,769	1,707	2,788	3,747
Book Value per Share	$0.00	$6.98	$6.15	$5.11	$4.66	$3.65	$4.59	$4.71	$5.43	$6.14
Tangible Book Value per Share	$0.00	$5.40	$4.75	$3.87	$3.62	$2.74	$3.88	$4.71	$3.75	$4.60
Total Capital	0.00	2,393	2,376	2,218	2,117	2,017	1,986	1,727	4,061	4,207
Total Debt	0.00	1,688	1,764	1,713	1,661	1,658	1,486	1,213	2,878	2,848
Total Long-Term Debt	0.00	1,688	1,764	1,713	1,661	1,658	1,486	1,213	2,878	2,848
Net Debt	0.00	1,548	1,638	1,608	1,550	1,479	1,242	1,034	2,716	2,716
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	-14	-4.13	528	155
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-78	-90	-83	-80	-88	-93	-105	-236	-215
Debt-free Net Working Capital (DFNWC)	0.00	-66	-84	-74	-63	-3.42	68	0.16	-218	-215
Net Working Capital (NWC)	0.00	-66	-84	-74	-63	-3.42	68	0.16	-218	-215
Net Nonoperating Expense (NNE)	-78	-106	178	126	26	53	187	59	60	96
Net Nonoperating Obligations (NNO)	0.00	1,548	1,638	1,608	1,550	1,479	1,322	4,139	2,725	2,725
Total Depreciation and Amortization (D&A)	107	123	134	138	128	124	230	234	227	287
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-8.39%	-9.26%	-8.36%	-8.32%	-22.63%	-10.90%	-11.83%	-25.45%	-20.41%
Debt-free Net Working Capital to Revenue	0.00%	-7.08%	-8.63%	-7.44%	-6.57%	-0.88%	8.00%	0.02%	-23.47%	-20.41%
Net Working Capital to Revenue	0.00%	-7.08%	-8.63%	-7.44%	-6.57%	-0.88%	8.00%	0.02%	-23.47%	-20.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$2.02	$0.71	$0.45	$0.93	($0.80)	$0.00	$1.56	$1.88	$1.78
Adjusted Weighted Average Basic Shares Outstanding	0.00	96.26M	94.54M	93.94M	92.89M	93.57M	0.00	104.50M	108.92M	112.78M
Adjusted Diluted Earnings per Share	$0.00	$2.01	$0.71	$0.45	$0.93	($0.80)	$0.00	$1.54	$1.84	$1.76
Adjusted Weighted Average Diluted Shares Outstanding	0.00	96.26M	94.54M	93.94M	92.89M	93.57M	0.00	104.50M	108.92M	112.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	96.26M	94.54M	93.94M	92.89M	93.57M	0.00	104.50M	108.92M	112.78M
Normalized Net Operating Profit after Tax (NOPAT)	101	212	225	222	201	62	154	161	187	211
Normalized NOPAT Margin	23.02%	22.81%	23.04%	22.41%	21.00%	15.79%	18.05%	18.23%	20.17%	20.04%
Pre Tax Income Margin	47.95%	41.53%	14.32%	9.02%	17.75%	-10.04%	0.15%	17.45%	20.59%	17.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.89	4.19	1.70	1.69	2.38	0.38	1.01	560.48	0.00	0.00
NOPAT to Interest Expense	2.67	2.49	1.60	1.68	1.72	0.23	1.02	519.10	0.00	0.00
EBIT Less CapEx to Interest Expense	4.89	4.19	1.70	1.69	2.38	0.38	1.07	569.79	0.00	0.00
NOPAT Less CapEx to Interest Expense	2.67	2.49	1.60	1.68	1.72	0.23	1.09	528.41	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	49.71%	36.34%	95.28%	151.66%	75.32%	-184.31%	793.59%	102.57%	104.56%	121.98%
Augmented Payout Ratio	49.71%	36.34%	129.62%	173.60%	86.10%	-184.31%	793.59%	102.57%	104.56%	121.98%

This table displays calculated financial ratios and metrics derived from Tanger's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.91%	3.80%	0.07%	4.54%	5.29%	5.87%	13.24%	16.55%	13.34%	12.66%
EBITDA Growth	-2.98%	12.02%	7.55%	8.03%	8.12%	8.22%	12.62%	19.26%	16.83%	14.34%
EBIT Growth	0.53%	23.51%	15.32%	17.87%	12.45%	15.56%	-0.35%	8.66%	2.45%	7.40%
NOPAT Growth	38.75%	11.59%	6.80%	20.46%	11.43%	18.41%	6.43%	15.60%	7.96%	14.13%
Net Income Growth	319.90%	351.79%	15.83%	21.52%	18.62%	22.56%	-6.25%	2.43%	-10.21%	1.28%
EPS Growth	300.00%	347.62%	15.79%	21.05%	18.18%	20.21%	-9.09%	-4.35%	-15.38%	-0.89%
Operating Cash Flow Growth	-35.68%	0.00%	35.64%	4.45%	58.01%	0.00%	21.53%	-0.77%	22.52%	14.73%
Free Cash Flow Firm Growth	-23.29%	-2,006.02%	76.23%	37.16%	-79.28%	133.86%	-281.79%	-329.35%	-967.70%	-98.61%
Invested Capital Growth	-5.48%	155.45%	-7.66%	-5.25%	0.58%	-16.03%	20.84%	19.72%	16.24%	4.52%
Revenue Q/Q Growth	5.30%	401.65%	-80.51%	1.56%	6.06%	404.39%	-79.16%	4.53%	3.14%	401.35%
EBITDA Q/Q Growth	4.42%	400.31%	-79.25%	-0.32%	4.51%	400.75%	-78.41%	5.55%	2.38%	390.10%
EBIT Q/Q Growth	12.54%	354.05%	-77.12%	0.83%	7.36%	366.62%	-80.27%	9.95%	1.22%	389.18%
NOPAT Q/Q Growth	17.99%	329.84%	-76.80%	2.37%	9.15%	356.77%	-79.15%	11.18%	1.93%	382.88%
Net Income Q/Q Growth	16.94%	331.45%	-76.33%	1.77%	14.14%	345.78%	-81.90%	11.19%	0.06%	402.77%
EPS Q/Q Growth	15.79%	327.27%	-76.60%	4.55%	13.04%	334.62%	-82.30%	10.00%	0.00%	409.09%
Operating Cash Flow Q/Q Growth	-52.06%	0.00%	0.00%	186.80%	-27.47%	477.15%	-89.88%	134.16%	-10.45%	440.46%
Free Cash Flow Firm Q/Q Growth	42.68%	-2,193.23%	106.21%	-26.10%	-78.44%	3,320.80%	-110.55%	6.77%	18.45%	105.48%
Invested Capital Q/Q Growth	-3.89%	181.05%	-65.08%	0.44%	2.02%	134.64%	1.40%	-0.48%	-0.95%	110.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	53.81%	53.67%	57.14%	56.08%	55.26%	54.86%	56.82%	57.38%	56.96%	55.68%
Operating Margin	29.21%	25.03%	29.80%	30.04%	30.91%	28.00%	28.01%	29.79%	29.45%	28.36%
EBIT Margin	30.46%	27.57%	32.37%	32.14%	32.53%	30.10%	28.49%	29.96%	29.41%	28.69%
Profit (Net Income) Margin	21.84%	18.79%	22.82%	22.87%	24.61%	21.75%	18.89%	20.10%	19.50%	19.55%
Tax Burden Percent	109.22%	110.98%	108.44%	107.23%	109.02%	108.84%	112.10%	112.97%	109.79%	112.78%
Interest Burden Percent	65.66%	61.40%	65.00%	66.35%	69.38%	66.40%	59.16%	59.37%	60.39%	60.42%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	14.83%	6.84%	15.59%	15.94%	16.68%	6.07%	14.72%	15.98%	15.98%	7.47%
ROIC Less NNEP Spread (ROIC-NNEP)	14.15%	5.57%	14.95%	15.26%	16.04%	5.00%	13.82%	14.98%	14.92%	5.31%
Return on Net Nonoperating Assets (RNNOA)	34.26%	29.99%	34.81%	34.92%	35.76%	20.22%	31.86%	34.51%	33.70%	11.39%
Return on Equity (ROE)	49.09%	36.83%	50.40%	50.86%	52.45%	26.29%	46.58%	50.49%	49.68%	18.86%
Cash Return on Invested Capital (CROIC)	18.31%	-80.35%	21.71%	19.59%	13.99%	23.68%	-3.84%	-2.62%	0.41%	3.12%
Operating Return on Assets (OROA)	12.23%	11.16%	13.27%	13.15%	13.36%	8.14%	11.98%	12.84%	12.83%	6.42%
Return on Assets (ROA)	8.77%	7.60%	9.35%	9.36%	10.11%	5.88%	7.94%	8.61%	8.50%	4.37%
Return on Common Equity (ROCE)	46.95%	35.22%	48.21%	48.65%	50.20%	16.78%	44.62%	48.36%	47.61%	9.43%
Return on Equity Simple (ROE_SIMPLE)	18.21%	0.00%	36.13%	36.95%	37.51%	0.00%	37.10%	37.35%	35.88%	0.00%
Net Operating Profit after Tax (NOPAT)	33	140	32	33	36	166	35	38	39	189
NOPAT Margin	29.21%	25.03%	29.80%	30.04%	30.91%	28.00%	28.01%	29.79%	29.45%	28.36%
Net Nonoperating Expense Percent (NNEP)	0.68%	1.28%	0.64%	0.68%	0.65%	1.08%	0.90%	1.00%	1.06%	2.16%
Return On Investment Capital (ROIC_SIMPLE)	-	8.10%	-	-	-	4.08%	-	-	-	4.50%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	47.96%	48.87%	46.43%	47.01%	47.46%	48.16%	44.54%	43.71%	43.96%	45.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	70.79%	74.97%	70.20%	69.96%	69.09%	72.00%	71.99%	70.21%	70.55%	71.64%
Earnings before Interest and Taxes (EBIT)	34	154	35	36	38	178	35	39	39	191
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	60	300	62	62	65	325	70	74	76	371
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.65	3.47	3.97	4.54	4.61	4.71	0.00	5.30	6.33	5.51
Price to Tangible Book Value (P/TBV)	3.04	3.47	3.97	5.13	5.19	6.82	0.00	6.22	7.33	7.35
Price to Revenue (P/Rev)	1.51	1.93	2.17	2.48	2.53	3.00	0.00	3.05	3.68	3.56
Price to Earnings (P/E)	15.19	10.17	11.25	12.59	12.61	13.75	0.00	14.52	18.04	18.60
Dividend Yield	6.11%	4.91%	4.56%	4.22%	4.32%	3.66%	3.49%	3.87%	3.25%	3.21%
Earnings Yield	6.58%	9.84%	8.89%	7.94%	7.93%	7.27%	0.00%	6.89%	5.54%	5.38%
Enterprise Value to Invested Capital (EV/IC)	1.49	0.59	1.89	2.05	2.07	1.41	0.00	2.22	2.57	1.59
Enterprise Value to Revenue (EV/Rev)	2.85	3.12	3.46	3.77	3.84	5.95	0.00	4.52	5.08	6.17
Enterprise Value to EBITDA (EV/EBITDA)	7.52	5.72	6.29	6.82	7.08	10.76	0.00	8.14	9.12	10.98
Enterprise Value to EBIT (EV/EBIT)	11.25	11.11	12.08	12.95	13.07	19.25	0.00	14.98	17.06	21.33
Enterprise Value to NOPAT (EV/NOPAT)	11.43	11.99	13.17	14.07	14.22	20.65	0.00	15.81	17.88	21.54
Enterprise Value to Operating Cash Flow (EV/OCF)	12.56	6.46	7.05	7.66	0.00	12.04	0.00	9.37	10.43	12.45
Enterprise Value to Free Cash Flow (EV/FCFF)	7.91	0.00	8.34	10.20	14.80	5.45	0.00	0.00	666.36	52.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.71	2.36	2.82	2.81	2.78	2.43	2.54	2.53	2.40	2.09
Long-Term Debt to Equity	2.71	2.36	2.82	2.81	2.78	2.43	2.54	2.53	2.40	2.09
Financial Leverage	2.42	5.39	2.33	2.29	2.23	4.05	2.30	2.30	2.26	2.14
Leverage Ratio	4.32	4.32	4.25	4.26	4.24	4.05	4.13	4.14	4.05	3.70
Compound Leverage Factor	2.84	2.65	2.76	2.83	2.94	2.69	2.44	2.46	2.45	2.24
Debt to Total Capital	73.02%	70.24%	73.82%	73.76%	73.58%	70.88%	71.74%	71.65%	70.62%	67.69%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	73.02%	70.24%	73.82%	73.76%	73.58%	70.88%	71.74%	71.65%	70.62%	67.69%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.16%	1.29%	1.13%	1.13%	1.12%	0.60%	1.17%	1.17%	1.21%	0.65%
Common Equity to Total Capital	25.82%	28.47%	25.05%	25.11%	25.30%	14.56%	27.09%	27.18%	28.17%	16.16%
Debt to EBITDA	4.25	2.51	2.93	2.90	2.94	5.60	2.82	2.74	2.62	4.82
Net Debt to EBITDA	3.47	2.14	2.30	2.29	2.37	5.29	2.67	2.60	2.47	4.59
Long-Term Debt to EBITDA	4.25	2.51	2.93	2.90	2.94	5.60	2.82	2.74	2.62	4.82
Debt to NOPAT	6.46	5.26	6.14	5.99	5.90	10.75	5.46	5.31	5.13	9.45
Net Debt to NOPAT	5.28	4.49	4.81	4.72	4.77	10.15	5.16	5.04	4.83	9.02
Long-Term Debt to NOPAT	6.46	5.26	6.14	5.99	5.90	10.75	5.46	5.31	5.13	9.45
Altman Z-Score	0.99	1.23	1.23	1.32	1.32	0.75	0.00	1.46	1.73	0.96
Noncontrolling Interest Sharing Ratio	4.36%	4.36%	4.33%	4.33%	4.28%	36.17%	4.21%	4.21%	4.17%	50.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.36	1.00	2.97	2.49	2.04	0.08	0.10	0.03	0.13	0.00
Quick Ratio	2.36	1.00	2.97	2.49	2.04	0.08	0.10	0.03	0.13	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	129	-2,692	167	124	27	912	-304	-284	-231	13
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	7,226.11%	987.63%	58.57%	6,278.99%	2,709.61%	0.00%	228.81%
Free Cash Flow to Firm to Interest Expense	11.03	0.00	13.55	10.33	2.28	0.00	-21.19	-18.06	-14.92	0.00
Operating Cash Flow to Interest Expense	2.89	0.00	2.07	6.13	4.55	0.00	2.17	4.64	4.21	0.00
Operating Cash Flow Less CapEx to Interest Expense	3.99	0.00	2.29	6.04	4.09	0.00	2.13	4.46	4.32	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.40	0.40	0.41	0.41	0.41	0.27	0.42	0.43	0.44	0.22
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.53	0.29	0.55	0.54	0.54	0.22	0.54	0.54	0.54	0.27
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,656	4,653	1,625	1,632	1,665	3,908	1,964	1,954	1,936	4,084
Invested Capital Turnover	0.51	0.27	0.52	0.53	0.54	0.22	0.53	0.54	0.54	0.26
Increase / (Decrease) in Invested Capital	-96	2,832	-135	-90	9.63	-746	339	322	270	176
Enterprise Value (EV)	2,469	2,764	3,064	3,352	3,439	5,529	0.00	4,346	4,966	6,490
Market Capitalization	1,307	1,707	1,923	2,206	2,264	2,788	0.00	2,937	3,599	3,747
Book Value per Share	$4.73	$4.71	$4.64	$4.62	$4.67	$5.43	$5.08	$5.06	$5.20	$6.14
Tangible Book Value per Share	$4.11	$4.71	$4.64	$4.09	$4.15	$3.75	$4.29	$4.32	$4.49	$4.60
Total Capital	1,911	1,727	1,934	1,935	1,939	4,061	2,051	2,038	2,017	4,207
Total Debt	1,395	1,213	1,428	1,427	1,427	2,878	1,472	1,460	1,424	2,848
Total Long-Term Debt	1,395	1,213	1,428	1,427	1,427	2,878	1,472	1,460	1,424	2,848
Net Debt	1,140	1,034	1,119	1,125	1,153	2,716	1,392	1,386	1,343	2,716
Capital Expenditures (CapEx)	-13	0.00	-2.70	1.02	5.39	524	0.50	2.69	-1.77	154
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-76	-105	-79	-92	-99	-236	-78	-86	-87	-215
Debt-free Net Working Capital (DFNWC)	104	0.16	156	136	103	-218	-70	-84	-76	-215
Net Working Capital (NWC)	104	0.16	156	136	103	-218	-70	-84	-76	-215
Net Nonoperating Expense (NNE)	8.21	35	7.61	7.94	7.40	37	11	13	13	59
Net Nonoperating Obligations (NNO)	1,140	4,139	1,119	1,125	1,153	2,725	1,384	1,377	1,343	2,725
Total Depreciation and Amortization (D&A)	26	146	27	26	27	147	35	35	37	180
Debt-free, Cash-free Net Working Capital to Revenue	-8.85%	-11.83%	-8.97%	-10.32%	-11.05%	-25.45%	-8.26%	-8.94%	-8.88%	-20.41%
Debt-free Net Working Capital to Revenue	12.05%	0.02%	17.66%	15.33%	11.45%	-23.47%	-7.44%	-8.71%	-7.75%	-20.41%
Net Working Capital to Revenue	12.05%	0.02%	17.66%	15.33%	11.45%	-23.47%	-7.44%	-8.71%	-7.75%	-20.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	$0.95	$0.22	$0.23	$0.26	$1.17	$0.20	$0.23	$0.23	$1.12
Adjusted Weighted Average Basic Shares Outstanding	104.35M	104.50M	105.18M	105.18M	105.35M	108.92M	109.35M	109.35M	110.69M	112.78M
Adjusted Diluted Earnings per Share	$0.22	$0.94	$0.22	$0.23	$0.26	$1.13	$0.20	$0.22	$0.22	$1.12
Adjusted Weighted Average Diluted Shares Outstanding	104.35M	104.50M	105.18M	105.18M	105.35M	108.92M	109.35M	109.35M	110.69M	112.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	104.35M	104.50M	105.18M	105.18M	105.35M	108.92M	109.35M	109.35M	110.69M	112.78M
Normalized Net Operating Profit after Tax (NOPAT)	23	98	23	23	25	116	24	27	27	132
Normalized NOPAT Margin	20.45%	17.52%	20.86%	21.03%	21.64%	19.60%	19.61%	20.86%	20.61%	19.85%
Pre Tax Income Margin	20.00%	16.93%	21.04%	21.32%	22.57%	19.98%	16.85%	17.79%	17.76%	17.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.91	0.00	2.86	2.97	3.27	0.00	2.45	2.46	2.52	0.00
NOPAT to Interest Expense	2.79	0.00	2.63	2.78	3.10	0.00	2.41	2.45	2.53	0.00
EBIT Less CapEx to Interest Expense	4.02	0.00	3.08	2.89	2.81	0.00	2.41	2.29	2.64	0.00
NOPAT Less CapEx to Interest Expense	3.90	0.00	2.85	2.69	2.64	0.00	2.37	2.28	2.64	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	93.33%	102.57%	103.85%	104.10%	0.00%	104.56%	107.71%	109.56%	113.37%	121.98%
Augmented Payout Ratio	93.33%	102.57%	103.85%	104.10%	0.00%	104.56%	107.71%	109.56%	113.37%	121.98%

Frequently Asked Questions About Tanger's Financials

When does Tanger's financial year end?

According to the most recent income statement we have on file, Tanger's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Tanger's net income changed over the last 8 years?

Tanger's net income appears to be on a downward trend, with a most recent value of $205.52 million in 2024, falling from $222.17 million in 2015. The previous period was $207.76 million in 2023.

What is Tanger's operating income?

Tanger's total operating income in 2024 was $301.25 million, based on the following breakdown:

Total Gross Profit: $1.05 billion
Total Operating Expenses: $750.88 million

How has Tanger revenue changed over the last 8 years?

Over the last 8 years, Tanger's total revenue changed from $439.37 million in 2015 to $1.05 billion in 2024, a change of 139.5%.

How much debt does Tanger have?

Tanger's total liabilities were at $3.40 billion at the end of 2024, a 1.8% decrease from 2023, and a 86.9% increase since 2016.

How has Tanger's book value per share changed over the last 9 years?

Over the last 9 years, Tanger's book value per share changed from 0.00 in 2015 to 6.14 in 2024, a change of 614.0%.

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This page (NYSE:SKT) was last updated on 4/16/2025 by MarketBeat.com Staff

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Tanger (SKT) Financials

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Tanger (SKT) Financials

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