TangerSKT +1.30%78 FCF Margin % is 24.16% as of Mar. 2026, which is 52% below its 10-year median of 50.17. GuruFocus rates SKT with a GF Score™ of 78/100 and a GF Value™ of $34.11 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 936 REITs companies, Tanger ranks better than 58.01% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Tanger's Free Cash Flow for the
three
months ended in Mar. 2026 was $36.3 Mil. Tanger's Revenue for the
three
months ended in Mar. 2026 was $150.4 Mil. Therefore, Tanger's FCF Margin % for the quarter that ended in Mar. 2026 was 24.16%.
The historical rank and industry rank for Tanger's FCF Margin % or its related term are showing as below:
SKT'
s FCF Margin % Range Over the Past 10 Years
Min: 42.24 Med: 50.17 Max: 52.22
Current: 48.65
During the past 13 years, the highest FCF Margin % of Tanger was 52.22%. The lowest was 42.24%. And the median was 50.17%.
SKT's FCF Margin % is ranked better than 58.01% of 936
companies
in the REITs industry
Industry Median: 39.735
vs SKT: 48.65
Tanger FCF Margin % Related Terms
Tanger FCF Margin % Historical Data
* Premium members only.
The historical data trend for Tanger's FCF Margin % 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.
For the REIT - Retail subindustry, Tanger's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tanger FCF Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Tanger's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Tanger's FCF Margin % falls into.
* 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 (SKT) has a FCF Margin % of 24.16% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Tanger and its competitors. This is 52% below median its historical median of 50.17. Over the past decade, Tanger's FCF Margin % has ranged from 42.24 to 52.22. According to the industry distribution chart, Tanger ranks #393 out of 936 companies in the REITs industry, placing it in the top 42%.
Is Tanger's FCF Margin % too high?
Tanger's current FCF Margin % of 24.16% is 52% below median its 10-year median of 50.17. Over the past 10 years, this metric has ranged from a low of 42.24 to a high of 52.22. The REITs industry median FCF Margin % is 39.74. Tanger's value of 24.16% is 39.2% below this industry median. Based on the distribution chart, Tanger ranks #393 out of 936 companies in the REITs industry, which is above the industry midpoint. Overall, Tanger has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tanger's FCF Margin % compare to PECO and CURB?
According to the REITs industry distribution chart, Tanger ranks #393 out of 936 companies for FCF Margin %. This puts Tanger in the upper half of its industry. The industry median FCF Margin % is 39.74. Tanger's value of 24.16% is 39.2% below this benchmark. Historically, Tanger's own FCF Margin % has ranged from 42.24 to 52.22 over the past decade. While the company's 10-year median is 50.17 vs. the industry median of 39.74, Tanger has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 39.74, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tanger's current FCF Margin % of 24.16% is 39.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Tanger and its competitors. For the REITs industry, the median FCF Margin % is 39.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tanger's current FCF Margin % is 24.16%, which is 52% below median its own 10-year median of 50.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tanger stock overvalued right now?
Based on GuruFocus' analysis, Tanger (SKT) is currently considered Modestly Overvalued. The stock's GF Value™ is $34.11, compared to a current price of $40.54 — trading 18.9% above its estimated fair value. The current FCF Margin % is 24.16%, which is 52% below median its 10-year median of 50.17 and 39.2% below the REITs industry median of 39.74. Tanger's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Tanger (SKT), the current FCF Margin % is 24.16% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tanger (SKT) Overvalued in 2026?
Based on GuruFocus' analysis, Tanger stock appears to be overvalued.
The current stock price of $40.54 is trading 18.9% above its estimated GF Value™ of $34.11.
GuruFocus considers Tanger to be Modestly Overvalued.
Key valuation signals for SKT:
FCF Margin %: 24.16% (52% below median its 10-year median of 50.17)
GF Value™: $34.11 vs. price of $40.54 (18.9% above fair value)
Industry Position: 39.2% below the REITs median (#393 of 936)
No single metric tells the full story. See the SKT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tanger Inc is an owner and operator of outlet and open-air 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 and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers.
78GF Score
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