MyFinsight

HomeAboutContact
Curious boy with magnifying glass
A worm made of letters APL
A worm made of letters BOA

MyFinsight

Making company financials insightful for everyone

Quick Links

  • About
  • Contact

Follow Us

  • X.com
  • Thread
  • Instagram

© 2024 MyFinsight. All rights reserved.

TANGER INC. (SKT)

For the quarter ending 2025-06-30, SKT made $143,728K in revenue. $30,086K in net income. Net profit margin of 20.93%.

Overview

Revenue
$143,728K
Net Income
$30,086K
Net Profit Margin
20.93%
EPS
$0.26
Unit: Thousand (K) dollars
Revenue Breakdown
    • Total revenues
    • Equity in earnings of unconsolid...

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Rental revenues - fixed- 107,196 - -
Rental revenues - variable- 22,089 - -
Rental revenues - fixed- - 98,879 99,174
Rental revenues - variable- - 26,342 23,145
Total revenues140,694 135,363 133,001 128,956
Property operating40,373 41,820 40,247 37,549
General and administrative18,992 18,993 18,215 18,813
Depreciation and amortization36,608 37,146 35,376 34,174
Impairment charge- 4,249 - -
Total expenses95,973 102,208 93,838 90,536
Interest expense- - - 15,700
Other income (expense)-26 217 -52 220
Interest expense16,399 15,772 15,493 -
Total other income (expense)-16,425 -15,555 -15,545 -15,480
Income before equity in earnings of unconsolidated joint ventures28,296 17,600 23,618 22,940
Equity in earnings of unconsolidated joint ventures3,034 2,399 2,312 2,975
Net income31,330 19,999 25,930 25,915
Noncontrolling interests in other consolidated partnerships- - - -
Noncontrolling interests in operating partnership1,244 798 1,074 1,075
Net income attributable to tanger inc30,086 19,201 24,856 24,840
Basic weighted average common shares (in shares)112,659,000 112,396,000 108,972,000 108,683,000
Diluted weighted average common shares (in shares)114,123,000 113,953,000 110,704,000 110,193,000
Net income (in dollars per unit)0.26 0.17 0.22 0.22
Net income (in dollars per unit)0.27 0.17 0.23 0.23
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

DownloadDownload image
Rental revenues - fixed$108,477K (9.38%↑ Y/Y)Rental revenues -variable$24,958K (7.83%↑ Y/Y)Management, leasing andother services$2,238K (-4.03%↓ Y/Y)Rental revenue$133,435K (9.09%↑ Y/Y)Other revenue$5,021K (16.63%↑ Y/Y)Total revenues$140,694K (9.10%↑ Y/Y)Income before equity inearnings of...$28,296K (23.35%↑ Y/Y)Equity in earnings ofunconsolidated joint ventures$3,034K (1.98%↑ Y/Y)Total other income(expense)-$16,425K (-6.10%↓ Y/Y)Total expenses$95,973K (6.01%↑ Y/Y)Net income$31,330K (20.90%↑ Y/Y)Interest expense$16,399K Other income(expense)-$26K (-111.82%↓ Y/Y)Depreciation andamortization$36,608K (7.12%↑ Y/Y)General andadministrative$18,992K (0.95%↑ Y/Y)Property operating$40,373K (7.52%↑ Y/Y)Net incomeattributable to tanger inc$30,086K (21.12%↑ Y/Y)Noncontrolling interests inoperating partnership$1,244K (15.72%↑ Y/Y)