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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.01
SKT's Cash to Debt is ranked lower than
90% of the 577 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.05 vs. SKT: 0.01 )
Ranked among companies with meaningful Cash to Debt only.
SKT' s 10-Year Cash to Debt Range
Min: 0  Med: 0.01 Max: 0.06
Current: 0.01
0
0.06
Equity to Asset 0.23
SKT's Equity to Asset is ranked lower than
86% of the 600 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.47 vs. SKT: 0.23 )
Ranked among companies with meaningful Equity to Asset only.
SKT' s 10-Year Equity to Asset Range
Min: 0.15  Med: 0.25 Max: 0.4
Current: 0.23
0.15
0.4
Interest Coverage 2.28
SKT's Interest Coverage is ranked lower than
59% of the 472 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.85 vs. SKT: 2.28 )
Ranked among companies with meaningful Interest Coverage only.
SKT' s 10-Year Interest Coverage Range
Min: 1.79  Med: 2.18 Max: 2.47
Current: 2.28
1.79
2.47
F-Score: 4
Z-Score: 1.32
M-Score: -2.70
WACC vs ROIC
3.36%
7.22%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 32.91
SKT's Operating margin (%) is ranked lower than
62% of the 612 Companies
in the Global REIT - Retail industry.

( Industry Median: 44.89 vs. SKT: 32.91 )
Ranked among companies with meaningful Operating margin (%) only.
SKT' s 10-Year Operating margin (%) Range
Min: 25.85  Med: 33.19 Max: 39.76
Current: 32.91
25.85
39.76
Net-margin (%) 23.31
SKT's Net-margin (%) is ranked lower than
63% of the 612 Companies
in the Global REIT - Retail industry.

( Industry Median: 35.81 vs. SKT: 23.31 )
Ranked among companies with meaningful Net-margin (%) only.
SKT' s 10-Year Net-margin (%) Range
Min: 2.51  Med: 13.33 Max: 27.95
Current: 23.31
2.51
27.95
ROE (%) 19.24
SKT's ROE (%) is ranked higher than
88% of the 614 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.96 vs. SKT: 19.24 )
Ranked among companies with meaningful ROE (%) only.
SKT' s 10-Year ROE (%) Range
Min: 2.21  Med: 10.65 Max: 21.18
Current: 19.24
2.21
21.18
ROA (%) 4.68
SKT's ROA (%) is ranked higher than
63% of the 623 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.19 vs. SKT: 4.68 )
Ranked among companies with meaningful ROA (%) only.
SKT' s 10-Year ROA (%) Range
Min: 0.53  Med: 2.86 Max: 5.84
Current: 4.68
0.53
5.84
ROC (Joel Greenblatt) (%) 9.12
SKT's ROC (Joel Greenblatt) (%) is ranked lower than
51% of the 507 Companies
in the Global REIT - Retail industry.

( Industry Median: 10.30 vs. SKT: 9.12 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
SKT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 5.76  Med: 7.92 Max: 19.27
Current: 9.12
5.76
19.27
Revenue Growth (3Y)(%) 6.00
SKT's Revenue Growth (3Y)(%) is ranked higher than
72% of the 422 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.30 vs. SKT: 6.00 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
SKT' s 10-Year Revenue Growth (3Y)(%) Range
Min: -18  Med: 4.70 Max: 27
Current: 6
-18
27
EBITDA Growth (3Y)(%) 4.30
SKT's EBITDA Growth (3Y)(%) is ranked higher than
51% of the 375 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.80 vs. SKT: 4.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
SKT' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: 0.90 Max: 39.2
Current: 4.3
0
39.2
EPS Growth (3Y)(%) 14.00
SKT's EPS Growth (3Y)(%) is ranked higher than
59% of the 315 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.90 vs. SKT: 14.00 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
SKT' s 10-Year EPS Growth (3Y)(%) Range
Min: -32.5  Med: 9.00 Max: 64.2
Current: 14
-32.5
64.2
» SKT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2014

SKT Guru Trades in Q3 2014

Jim Simons 276,900 sh (+3543.42%)
Third Avenue Management 2,458,721 sh (+69.28%)
Ron Baron 318,675 sh (-34.05%)
Chris Davis 352,864 sh (-38.53%)
» More
Q4 2014

SKT Guru Trades in Q4 2014

Jim Simons 656,000 sh (+136.91%)
Chris Davis Sold Out
Third Avenue Management 2,044,815 sh (-16.83%)
Ron Baron 264,026 sh (-17.15%)
» More
Q1 2015

SKT Guru Trades in Q1 2015

Jim Simons 1,083,500 sh (+65.17%)
Third Avenue Management 2,251,653 sh (+10.12%)
Ron Baron Sold Out
» More
Q2 2015

SKT Guru Trades in Q2 2015

Pioneer Investments 69,700 sh (New)
Jim Simons 1,394,800 sh (+28.73%)
Third Avenue Management 2,260,653 sh (+0.40%)
» More
» Details

Insider Trades

Latest Guru Trades with SKT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Guru Investment Theses on Tanger Factory Outlet Centers Inc

Third Avenue Management Comments on Tanger Factory Outlet Centers - Sep 18, 2013

Tanger Factory Outlet Centers Tanger (NYSE:SKT) is a U.S.-based real estate investment trust that owns andoperates43retailoutletcentersintheU.S. and Canada. Tanger has a leading position in outlet centers alongside Simon Property Group's Chelsea subsidiary (together they control 80% of the outlet malls in the U.S.). The outlet business has been extremely strong over the past few years, as rental rates and occupancy trends have remained strong due to the value orientation offered by the distribution channel. Tanger's centers have averaged97%occupancyover the past five years and rental rates have grown over 15% annually. Tanger has led the retail sector in internal and external growth, due to their low occupancy cost ratios and high demand from tenants. To put it in perspective, most luxury retailers state that the outlet distribution channel is among their most profitable, and have expressed an interest to continue to expand this channel. Tanger has one of the strongest balance sheets in the retail sector (approximately 30% net debt-to-assets). It is run by a conservative and incentivized management team and has strong development growth prospects, as it continues to capitalize on the trend of consumers and retailers shifting to the outlet channel.

From Third Avenue Management's semi-annual 2013 review.


Check out Third Avenue Management latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 31.55
SKT's P/E(ttm) is ranked lower than
74% of the 501 Companies
in the Global REIT - Retail industry.

( Industry Median: 16.30 vs. SKT: 31.55 )
Ranked among companies with meaningful P/E(ttm) only.
SKT' s 10-Year P/E(ttm) Range
Min: 16.88  Med: 54.10 Max: 252.63
Current: 31.55
16.88
252.63
Forward P/E 29.76
SKT's Forward P/E is ranked lower than
72% of the 319 Companies
in the Global REIT - Retail industry.

( Industry Median: 18.02 vs. SKT: 29.76 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 31.50
SKT's PE(NRI) is ranked lower than
73% of the 493 Companies
in the Global REIT - Retail industry.

( Industry Median: 16.60 vs. SKT: 31.50 )
Ranked among companies with meaningful PE(NRI) only.
SKT' s 10-Year PE(NRI) Range
Min: 15.21  Med: 57.61 Max: 253.17
Current: 31.5
15.21
253.17
P/B 6.15
SKT's P/B is ranked lower than
96% of the 607 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.13 vs. SKT: 6.15 )
Ranked among companies with meaningful P/B only.
SKT' s 10-Year P/B Range
Min: 3.63  Med: 5.96 Max: 8.58
Current: 6.15
3.63
8.58
P/S 7.12
SKT's P/S is ranked lower than
52% of the 618 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.98 vs. SKT: 7.12 )
Ranked among companies with meaningful P/S only.
SKT' s 10-Year P/S Range
Min: 2.98  Med: 6.76 Max: 9.92
Current: 7.12
2.98
9.92
POCF 14.87
SKT's POCF is ranked lower than
52% of the 517 Companies
in the Global REIT - Retail industry.

( Industry Median: 14.45 vs. SKT: 14.87 )
Ranked among companies with meaningful POCF only.
SKT' s 10-Year POCF Range
Min: 7.17  Med: 14.83 Max: 22.65
Current: 14.87
7.17
22.65
EV-to-EBIT 31.04
SKT's EV-to-EBIT is ranked lower than
70% of the 545 Companies
in the Global REIT - Retail industry.

( Industry Median: 20.60 vs. SKT: 31.04 )
Ranked among companies with meaningful EV-to-EBIT only.
SKT' s 10-Year EV-to-EBIT Range
Min: 18.9  Med: 33.10 Max: 120.3
Current: 31.04
18.9
120.3
PEG 2.54
SKT's PEG is ranked lower than
59% of the 164 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.85 vs. SKT: 2.54 )
Ranked among companies with meaningful PEG only.
SKT' s 10-Year PEG Range
Min: 1.67  Med: 14.51 Max: 161.65
Current: 2.54
1.67
161.65
Shiller P/E 47.04
SKT's Shiller P/E is ranked lower than
81% of the 286 Companies
in the Global REIT - Retail industry.

( Industry Median: 21.40 vs. SKT: 47.04 )
Ranked among companies with meaningful Shiller P/E only.
SKT' s 10-Year Shiller P/E Range
Min: 35.66  Med: 60.06 Max: 88.61
Current: 47.04
35.66
88.61
Current Ratio 0.20
SKT's Current Ratio is ranked lower than
89% of the 573 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.91 vs. SKT: 0.20 )
Ranked among companies with meaningful Current Ratio only.
SKT' s 10-Year Current Ratio Range
Min: 0.01  Med: 0.13 Max: 0.34
Current: 0.2
0.01
0.34
Quick Ratio 0.20
SKT's Quick Ratio is ranked lower than
88% of the 573 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.80 vs. SKT: 0.20 )
Ranked among companies with meaningful Quick Ratio only.
SKT' s 10-Year Quick Ratio Range
Min: 0.01  Med: 0.13 Max: 0.34
Current: 0.2
0.01
0.34

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.25
SKT's Dividend Yield is ranked lower than
98% of the 794 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.22 vs. SKT: 3.25 )
Ranked among companies with meaningful Dividend Yield only.
SKT' s 10-Year Dividend Yield Range
Min: 2.19  Med: 3.39 Max: 5.77
Current: 3.25
2.19
5.77
Dividend Payout 0.97
SKT's Dividend Payout is ranked lower than
53% of the 620 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.91 vs. SKT: 0.97 )
Ranked among companies with meaningful Dividend Payout only.
SKT' s 10-Year Dividend Payout Range
Min: 0.4  Med: 1.64 Max: 15.2
Current: 0.97
0.4
15.2
Dividend growth (3y) 6.00
SKT's Dividend growth (3y) is ranked higher than
62% of the 327 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.20 vs. SKT: 6.00 )
Ranked among companies with meaningful Dividend growth (3y) only.
SKT' s 10-Year Dividend growth (3y) Range
Min: 0.4  Med: 3.00 Max: 6.3
Current: 6
0.4
6.3
Yield on cost (5-Year) 4.06
SKT's Yield on cost (5-Year) is ranked lower than
82% of the 795 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.53 vs. SKT: 4.06 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
SKT' s 10-Year Yield on cost (5-Year) Range
Min: 2.72  Med: 4.20 Max: 7.16
Current: 4.06
2.72
7.16
Share Buyback Rate -3.70
SKT's Share Buyback Rate is ranked higher than
68% of the 399 Companies
in the Global REIT - Retail industry.

( Industry Median: -7.00 vs. SKT: -3.70 )
Ranked among companies with meaningful Share Buyback Rate only.
SKT' s 10-Year Share Buyback Rate Range
Min: 13.7  Med: -5.30 Max: -32.5
Current: -3.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 6.06
SKT's Price/Tangible Book is ranked lower than
96% of the 597 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.17 vs. SKT: 6.06 )
Ranked among companies with meaningful Price/Tangible Book only.
SKT' s 10-Year Price/Tangible Book Range
Min: 1.32  Med: 4.19 Max: 8.46
Current: 6.06
1.32
8.46
Price/Projected FCF 3.43
SKT's Price/Projected FCF is ranked lower than
80% of the 266 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.41 vs. SKT: 3.43 )
Ranked among companies with meaningful Price/Projected FCF only.
SKT' s 10-Year Price/Projected FCF Range
Min: 2.69  Med: 4.99 Max: 11.2
Current: 3.43
2.69
11.2
Price/Median PS Value 1.04
SKT's Price/Median PS Value is ranked lower than
52% of the 567 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.05 vs. SKT: 1.04 )
Ranked among companies with meaningful Price/Median PS Value only.
SKT' s 10-Year Price/Median PS Value Range
Min: 0.22  Med: 0.57 Max: 1.39
Current: 1.04
0.22
1.39
Price/Peter Lynch Fair Value 3.19
SKT's Price/Peter Lynch Fair Value is ranked lower than
79% of the 145 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.24 vs. SKT: 3.19 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
SKT' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.46  Med: 3.82 Max: 42.26
Current: 3.19
0.46
42.26
Price/Graham Number 2.81
SKT's Price/Graham Number is ranked lower than
93% of the 492 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.91 vs. SKT: 2.81 )
Ranked among companies with meaningful Price/Graham Number only.
SKT' s 10-Year Price/Graham Number Range
Min: 0.92  Med: 2.91 Max: 4.37
Current: 2.81
0.92
4.37
Earnings Yield (Greenblatt) (%) 3.19
SKT's Earnings Yield (Greenblatt) (%) is ranked lower than
64% of the 594 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.40 vs. SKT: 3.19 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
SKT' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.8  Med: 3.00 Max: 5.3
Current: 3.19
0.8
5.3
Forward Rate of Return (Yacktman) (%) 10.33
SKT's Forward Rate of Return (Yacktman) (%) is ranked higher than
69% of the 339 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.35 vs. SKT: 10.33 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
SKT' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -7.8  Med: 1.30 Max: 32.3
Current: 10.33
-7.8
32.3

Analyst Estimate

Dec15 Dec16
Revenue(Mil) 385 414
EPS($) 0.98 1.07
EPS without NRI($) 0.98 1.07

Business Description

Industry: REITs » REIT - Retail
Compare:GGP, AKR, CLP, RIOCF, BTLCY » details
Traded in other countries:T6O.Germany,
Tanger Factory Outlet Centers Inc is a North Carolina corporation formed in March 1993. The Company, along with its subsidiaries owns & operates outlet centers in the United States & Canada. It is a fully-integrated, self-administered & self-managed REIT, developing, acquiring, owning, & managing outlet shopping centers. The Company owns and operates approximately 37 outlet centers, with a total gross leasable area of approximately 11.5 million square feet. These outlet centers are 99% occupied and contains over 2,400 stores, representing approximately 400 store brands. It also had partial ownership interests in 7 outlet centers totaling approximately 1.7 million square feet, including 3 outlet centers in Canada. The Company competes with institutional pension funds, private equity investors, other REITs, small owners of outlet centers, specialty stores and others who are engaged in the acquisition, development or ownership of outlet centers and stores. The Company's operations are subject to various federal, state and local laws, ordinances and regulations.
» More Articles for SKT

Headlines

Articles On GuruFocus.com
9 CEOs Showing Confidence by Increasing Dividends Apr 14 2014 
Third Avenue Management Comments on Tanger Factory Outlet Centers Sep 18 2013 
6 Stocks Building Wealth Through Higher Dividends Apr 08 2013 
6 Stocks Delivering More Cash with Higher Dividends Apr 09 2012 
Guru Stocks Raising Dividends: SKT, PNC, NPBC, QRE, EBF Apr 09 2012 
An Analysis of 5 Key Market Indicators Feb 17 2012 
10 Dividend Contenders - Part XI May 06 2011 
6 Dividend Stocks Building Shareholder Returns Apr 11 2011 
Guru Stocks Raising Dividends: SKT, PNC, RELL, TJX, GOV Apr 11 2011 
Tanger Factory Outlet Centers Reports Operating Results (10-Q) Nov 04 2010 

More From Other Websites
TANGER FACTORY OUTLET CENTERS INC Financials Aug 13 2015
10-Q for Tanger Factory Outlet Centers, Inc. Aug 07 2015
Tanger Factory upgraded by KeyBanc Capital Mkts Aug 07 2015
Edited Transcript of SKT earnings conference call or presentation 5-Aug-15 2:00pm GMT Aug 05 2015
TANGER FACTORY OUTLET CENTERS INC Files SEC form 10-Q, Quarterly Report Aug 05 2015
TANGER FACTORY OUTLET CENTERS INC Files SEC form 8-K, Results of Operations and Financial Condition,... Aug 04 2015
Tanger Reports Second Quarter 2015 Results Aug 04 2015
Q2 2015 Tanger Factory Outlet Centers Inc Earnings Release - After Market Close Aug 04 2015
Tanger No Longer Actively Marketing Portfolio Previously Held for Sale Jul 15 2015
Tanger Factory Outlet Centers embraces solar power, electric vehicles Jul 15 2015
Tanger Announces New Sustainability Initiatives in 2015 Jul 14 2015
Tanger Declares Dividend For Second Quarter 2015 Jul 09 2015
Tanger Outlets Grand Rapids to Celebrate Grand Opening on July 31 Jul 07 2015
Real Estate: Rising Interest Rates Wreak Havoc on REITs Jul 01 2015
Retailer courts growing market of Chinese shoppers Jun 29 2015
Tanger Outlet Centers Schedules Second Quarter 2015 Earnings Release and Conference Call Jun 26 2015
FIRST LOOK: TangerOutlets Delaware releases renderings, initial tenants Jun 25 2015
Tanger Outlet Centers Announces Partnership with China UnionPay Jun 16 2015
Tanger Outlet Centers and Simon Announce Ground Breaking Celebration for New Outlet Center in... Jun 03 2015
Tanger Factory Outlet Centers, Inc. CEO Presentation At The NAREIT REITWeek Conference 2015 Jun 02 2015
Blueprint For Your Blue Chip REIT Portfolio May 25 2015
TANGER FACTORY OUTLET CENTERS INC Files SEC form 8-K, Submission of Matters to a Vote of Security... May 15 2015
Tanger reports 1Q results Apr 28 2015
Tanger reports 4Q results Feb 10 2015
Tanger reports 3Q results Oct 28 2014

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