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Tanger Factory Outlet Centers EBITDA per Share

: $1.89 (TTM As of Jun. 2022)
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Tanger Factory Outlet Centers's EBITDA per Share for the three months ended in Jun. 2022 was $0.56. Its EBITDA per Share for the trailing twelve months (TTM) ended in Jun. 2022 was $1.89.

During the past 12 months, the average EBITDA per Share Growth Rate of Tanger Factory Outlet Centers was -4.90% per year. During the past 3 years, the average EBITDA per Share Growth Rate was -13.30% per year. During the past 5 years, the average EBITDA per Share Growth Rate was -15.60% per year. During the past 10 years, the average EBITDA per Share Growth Rate was -2.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA per Share growth rate using EBITDA per Share data.

The historical rank and industry rank for Tanger Factory Outlet Centers's EBITDA per Share or its related term are showing as below:

SKT' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -37.9   Med: 1.45   Max: 22
Current: -13.3

During the past 13 years, the highest 3-Year average EBITDA per Share Growth Rate of Tanger Factory Outlet Centers was 22.00% per year. The lowest was -37.90% per year. And the median was 1.45% per year.

SKT's 3-Year EBITDA Growth Rate is ranked worse than
78.74% of 588 companies
in the REITs industry
Industry Median: 1.50 vs SKT: -13.30

Tanger Factory Outlet Centers's EBITDA for the three months ended in Jun. 2022 was $58.6 Mil.

During the past 12 months, the average EBITDA Growth Rate of Tanger Factory Outlet Centers was 7.10% per year. During the past 3 years, the average EBITDA Growth Rate was -10.70% per year. During the past 5 years, the average EBITDA Growth Rate was -15.00% per year. During the past 10 years, the average EBITDA Growth Rate was -1.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA Growth Rate using EBITDA data.

During the past 13 years, the highest 3-Year average EBITDA Growth Rate of Tanger Factory Outlet Centers was 26.70% per year. The lowest was -38.60% per year. And the median was 6.30% per year.


Tanger Factory Outlet Centers EBITDA per Share Historical Data

The historical data trend for Tanger Factory Outlet Centers's EBITDA per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tanger Factory Outlet Centers Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
EBITDA per Share
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.80 2.60 2.99 1.54 1.69

Tanger Factory Outlet Centers Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
EBITDA per Share Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.43 0.28 0.48 0.57 0.56

Tanger Factory Outlet Centers EBITDA per Share Calculation

EBITDA per Share is the amount of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) per outstanding share of the company's stock.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is what the company earns before it expenses interest, taxes, depreciation and amortization.

Tanger Factory Outlet Centers's EBITDA per Share for the fiscal year that ended in Dec. 2021 is calculated as

EBITDA per Share(A: Dec. 2021 )
=EBITDA/Shares Outstanding (Diluted Average)
=172.432/101.979
=1.69

Tanger Factory Outlet Centers's EBITDA per Share for the quarter that ended in Jun. 2022 is calculated as

EBITDA per Share(Q: Jun. 2022 )
=EBITDA/Shares Outstanding (Diluted Average)
=58.615/104.754
=0.56

EBITDA per Share for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tanger Factory Outlet Centers  (NYSE:SKT) EBITDA per Share Explanation

EBITDA is a cash flow measure that ignores changes in working capital. EBITDA minus Depreciation, and Amortization (DA) equals EBIT. EBIT is profit before interest and taxes. Of course, Interest and taxes need to be paid.

While depreciation and amortization expenses do not need to be paid in cash, assets - especially tangible assets - do need to be replaced over time. EBITDA is not a measure of profit in any sense. EBITDA is a measure of cash generation by a business where the uses of that cash may be more or less discretionary depending on the nature of the business.

The EBITDA of a TV station is largely discretionary. Owners may use much of the EBITDA generated by a TV station as they see fit. The EBITDA of a railroad is largely non-discretionary. Owners must use much of the EBITDA generated by a railroad to replace the physical assets of the railroad or the business will literally fall apart over time.

EBITDA can be thought of as the cash a business generates that is available to:

Add more inventory
Add more receivables
Replace property, plant, and equipment
Add more property, plant, and equipment
Pay interest
Pay taxes
And finally: pay owners

EBITDA is widely used in financial analysis because Depreciation and Amortization are not present day cash expenses. Depreciation and amortization are the spreading out of the costs of assets over the time in which those assets provide benefits. Today's depreciation and amortization expenses relate to assets bought in the past. The assets being expensed may or may not need to be replaced in the future. And the cost to replace the assets may be more or less than it was in the past. For this reason, the depreciation and amortization expenses a company records in the present year may have no relationship to the actual cash costs needed to maintain its assets in future years.

A company's depreciation expense depends on both its expectations about the assets it owns and its choice of accounting methods. Two companies owning identical assets may have different depreciation expenses because they have different expectations about the useful lives of those assets and because they make different accounting choices.

Analysts use EBITDA to remove this element of personal choice from a company's accounting statements. The use of EBITDA is an attempt to make the results of different companies more comparable and uniform.


Be Aware

Although depreciation is not a cash cost, it is a real business cost because the company has to pay for the fixed assets when they purchase them. Both Warren Buffett and Charlie Munger hate the idea of EBITDA because in this calculation, depreciation is not counted as an expense.

EBITDA over Revenue is a good metric for comparing the operating efficiencies between companies because EBITDA is less vulnerable to companies' accounting choices. For this reason, EBITDA is used in ranking the Predictability of Companies.


Tanger Factory Outlet Centers EBITDA per Share Related Terms

Thank you for viewing the detailed overview of Tanger Factory Outlet Centers's EBITDA per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Tanger Factory Outlet Centers Business Description

Tanger Factory Outlet Centers logo
Traded in Other Exchanges
Address
3200 Northline Avenue, Suite 360, Greensboro, NC, USA, 27408
Tanger Factory Outlet Centers Inc is the owner and operator of outlet 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 shopping centers. The company operates approximately 30 outlet centers, with a total gross leasable area of approximately 11.5 million square feet, which holds over 2,200 stores with hundreds of store brands. Substantially most of the firm's revenue is derived from rental income from real property. Geographically, the activities are carried out through the United States.
Executives
Stein Justin C officer: EVP, Leasing 3200 NORTHLINE AVE. SUITE 360 GREENSBORO NC 27408
Wingrove Andrew R officer: EVP, Chief Commercial Officer 3200 NORTHLINE AVE., SUITE 360 GREENSBORO NC 27408
Mathrani Sandeep director
Swanson Gallardo Leslie officer: Executive VP Operations 3200 NORTHLINE AVE. SUITE 360 GREENSBORO NC 27408
Yalof Stephen officer: President & COO 3200 NORTHLINE AVE., SUITE 360 GREENSBORO NC 27408
Ubinas Luis A director 209 REDWOOD SHORES PARKWAY REDWOOD CITY CA 94065-1175
Skerritt Susan E director 3200 NORTHLINE AVE SUITE 360 GREENSBORO NC 27408
Guerrieri Thomas Joseph Jr officer: VP, CAO and Controller 3200 NORTHLINE AVE. SUITE 360 GREENSBORO NC 27408
Henry David director 3333 NEW HYDE PARK ROAD NEW HYDE PARK NY 11042
Citrin Jeffrey B director 950 THIRD AVENUE 17TH FLOOR NEW YORK NY 10022
Worsham Charles Allen officer: SVP,Construction & Development 3200 NORTHLINE AVENUE, SUITE 360 GREENSBORO NC 27408
Perry Chad officer: EVP,General Counsel,Secretary C/O TANGER FACTORY OUTLET CENTERS, INC. 3200 NORTHLINE AVENUE, SUITE 360 GREENSBORO NC 27408
Mcdonough Thomas E. officer: EVP, Chief Operating Officer 1600 NE MIAMI GARDENS DRIVE NORTH MIAMI BEACH FL 33179
Jessup Manuel O officer: Senior VP - Human Resources 11215 METRO PARKWAY FORT MYERS FL 33966
Reddin Thomas director 11115 RUSHMORE DR CHARLOTTE NC 28277

Tanger Factory Outlet Centers Headlines

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