TangerSKT -1.16%78 Gross Margin % is 68.93% as of Mar. 2026, which is 2% above its 10-year median of 67.52. GuruFocus rates SKT with a GF Score™ of 78/100 and a GF Value™ of $34.10 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 681 REITs companies, Tanger ranks worse than 50.37% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Tanger's Gross Profit for the
three
months ended in Mar. 2026 was $103.7 Mil. Tanger's Revenue for the
three
months ended in Mar. 2026 was $150.4 Mil. Therefore, Tanger's Gross Margin % for the quarter that ended in Mar. 2026 was 68.93%.
The historical rank and industry rank for Tanger's Gross Margin % or its related term are showing as below:
SKT'
s Gross Margin % Range Over the Past 10 Years
Min: 64.84 Med: 67.52 Max: 69.83
Current: 69.59
During the past 13 years, the highestGross Margin % of Tanger was 69.83%. The lowest was 64.84%. And the median was 67.52%.
SKT's Gross Margin % is ranked worse than 50.37% of 681
companies
in the REITs industry
Industry Median: 69.62
vs SKT: 69.59
Tanger had a gross margin of 68.93% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Tanger was 1.40% per year.
Tanger (NYSE:SKT) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Tanger had a gross margin of 68.93% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Tanger Gross Margin % Related Terms
Tanger Gross Margin % Historical Data
* Premium members only.
The historical data trend for Tanger's Gross 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 Gross Margin %, along with its competitors' market caps and Gross 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 Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Tanger's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Tanger's Gross 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Tanger (SKT) has a Gross Margin % of 68.93% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Tanger and its competitors. This is near median its historical median of 67.52. Over the past decade, Tanger's Gross Margin % has ranged from 64.84 to 69.83. According to the industry distribution chart, Tanger ranks #343 out of 681 companies in the REITs industry, placing it in the top 50.4%.
Is Tanger's Gross Margin % too high?
Tanger's current Gross Margin % of 68.93% is near median its 10-year median of 67.52. Over the past 10 years, this metric has ranged from a low of 64.84 to a high of 69.83. The REITs industry median Gross Margin % is 69.62. Tanger's value of 68.93% is 1% below this industry median. Based on the distribution chart, Tanger ranks #343 out of 681 companies in the REITs industry, which is below 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 Gross Margin % compare to PECO and KRG?
According to the REITs industry distribution chart, Tanger ranks #343 out of 681 companies for Gross Margin %. This places Tanger in the lower half of its industry. The industry median Gross Margin % is 69.62. Tanger's value of 68.93% is 1% below this benchmark. Historically, Tanger's own Gross Margin % has ranged from 64.84 to 69.83 over the past decade. While the company's 10-year median is 67.52 vs. the industry median of 69.62, 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 Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.62, based on 681 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tanger's current Gross Margin % of 68.93% is 1% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Tanger and its competitors. For the REITs industry, the median Gross Margin % is 69.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tanger's current Gross Margin % is 68.93%, which is near median its own 10-year median of 67.52. 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 $34.10, compared to a current price of $40.02 — trading 17.4% above its estimated fair value. The current Gross Margin % is 68.93%, which is near median its 10-year median of 67.52 and 1% below the REITs industry median of 69.62. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Tanger (SKT), the current Gross Margin % is 68.93% 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 $40.02 is trading 17.4% above its estimated GF Value™ of $34.10.
GuruFocus considers Tanger to be Modestly Overvalued.
Key valuation signals for SKT:
Gross Margin %: 68.93% (near median its 10-year median of 67.52)
GF Value™: $34.10 vs. price of $40.02 (17.4% above fair value)
Industry Position: 1% below the REITs median (#343 of 681)
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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