Tanger Inc. is a publicly traded REIT that is a leading owner and operator of outlet and open-air retail shopping destinations. Its portfolio consists of outlet centers and open-air lifestyle centers located in vibrant markets and tourist destinations across more than 20 U.S. states and in Canada. Key markets include Charleston, Nashville, Phoenix, Kansas City, Houston, and National Harbor, with properties also located in New York, Texas, Florida, and the Carolinas, as well as Ontario, Canada. The company's strategy involves driving both internal and external growth by acquiring new centers, pursuing development opportunities, and actively remerchandising its portfolio to enhance its tenant mix within dynamic communities.
Tanger Inc. (SKT) has recently concentrated on an external growth strategy by actively acquiring open-air lifestyle centers and expanding its footprint beyond traditional outlet malls. This strategic shift prompted the company to rebrand from "Tanger Factory Outlet Centers, Inc." to "Tanger Inc." The company has seen increased occupancy rates, which reached 97% in the first quarter of 2026, and is actively managing its portfolio to drive rent spreads. Tanger continues to digest its late 2023 acquisitions of the Bridge Street Town Centre and Tanger Outlets Asheville, which were purchased for a combined $263.5 million at an estimated 8.5% cap rate.
Tanger suspended its dividend in May 2020 amid the COVID-19 pandemic. Since reinstating the payout, the company has grown it steadily. Most recently, in April 2026, the board approved a 6.8% increase to the annualized dividend, bringing it to $1.25 per share.
**Acquisitions**
**Dispositions**
**Refinancings, new loans & other capital markets**
Upgrade to read the full analysis
The complete commentary is available on paid plans.
Upgrade to unlock