QualityDipStocks / Real Estate · REITs
Tanger SKT
Outside our quality screen, so we don’t track its dips. It’s 10% below its 52-week high.
Outside our quality screen, 3% over its Market Value. No fair value estimate for now: there isn’t enough data.
- Fair value est.
- n/a
- Market Value
- $36.51price +3%
- Off 52-wk high
- −10%
- Risk vs market
- Lowbeta 0.22
2 bullish · 5 bearish See why
Repriced or dip?
Dip: business intact
The price is 10% below its 52-week high (Jul 28), but the business held up: shares outstanding fewer shares, each owns more, net cash (cash minus debt) −0.6% of market cap since the high, revenue growth rate +0.5 pts.
Some numbers held up (shares outstanding fewer shares, each owns more, net cash (cash minus debt) −0.6% of market cap since the high, revenue growth rate +0.5 pts), others slipped. The price is 10% below its 52-week high.
The price is 10% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
The evidence 6 numbers, high vs now
- Revenue, last 12 months$566M → $582M (+2.8%)held up
- Revenue growth rate+11.1% → +11.6% a year (+0.5 pts)held up
- Shares outstanding−1.3% (fewer shares, each owns more)held up
- Net cash (cash minus debt)−0.6% of market cap since the highheld up
- Stock vs its sector (Real Estate)stock −10%, sector median −8% since Jul 28held up
- Price fall vs business numbersprice −10%, revenue/EPS/FCF median +3% (shown, not scored)
Business numbers as reported at the high (12 months to Mar 31, 2026) vs the latest filing (12 months to Jun 30, 2026). Each measure is scored from −1 (business changed) to +1 (business intact) and weighted: revenue, earnings per share, free cash flow, operating margin, revenue growth rate, share count, net cash and the move vs its sector. 60 or more reads as a dip, 40 or less as a repricing. Analyst estimates are not in our data, so they are not used. How to read it
Data-based read, not advice.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for SKT: Capital spending isn't tagged for the latest period in SEC XBRL data. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much SKT moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 1.7× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.22
- Volatility
- 21% vs 13% SPY
- Correlation SPY
- 0.13
- Correlation QQQ
- −0.03
Valuation details
MV $36.51 · FCF value $50.45
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 2 of 5
GrowthSales grew 12% to $582M over the last 12 months vs the 12 months before (SEC filings).
GrowthSales grew 9.3% a year over the last three fiscal years, above the 7.4% median for the 90 Real Estate companies we cover.
Top bearish points 5 of 5
Balance sheetNet debt of $1.7B, 39% of the market cap (Jun 30, 2026).
Balance sheetDebt is 2.8× shareholders’ equity.
ValuationPrice / book of 6.4×, above the 2.0× median for the 85 Real Estate companies we cover.
QualityDoesn’t pass our quality screen: net debt 5.3× EBITDA (limit 3×).
RiskReports earnings Nov 4 (consensus EPS $0.63): results can move the price sharply and reset Market Value.
All fundamentals
Sales +12%
Valuation
- P/E
- n/aearnings not tagged in SEC data
- Price / FCF
- n/anot reported in its SEC filings
- FCF yield
- n/anot reported in its SEC filings
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 7.39×
- Price / book
- 6.38×
- Market cap
- $4.3Blisted
- Enterprise value
- $6.0B
Growth
- Revenue, 12 months
- $582M
- Sales growth, 12 months
- +11.6%vs the 12 months before
- Sales growth, 3 yrs
- +9.3%/yrfrom FY2022
- Diluted EPS, 12 months
- n/anot reported in its SEC filings
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- n/anot reported in its SEC filings
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- n/anot reported in its SEC filings
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- n/anot reported in its SEC filings
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $197M
- Total debt
- $1.9B
- Net cash
- −$1.7B
- Debt / equity
- 2.76×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- n/ano dividend payments tagged
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +1.4%diluted shares vs a year ago
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Tanger’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.2B · Sales +12%
- Free cash flow, 12 months$0.2B
- Free-cash-flow yield5.3%
- Free-cash-flow margin36%
- Gross margin73%
- Operating margin33%
- Return on invested capital7%
- Return on equity19%
- Sales growth (latest quarter vs year-ago quarter)+12%
- Net debt / EBITDA5.2×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $37.73
- 52-wk lowlowest close, 1 year$31.63−16.2%
- Market Valueavg paid since Aug 4$36.51−3.2%
- PriceMon Nov 2 close$37.73you are here
- 52-wk highhighest close, 1 year$42.11+11.6%
Momentum & 52-week range
RSI 65 · 5 days +3.1%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 4
- DateWed Nov 4, after the close
- Consensus EPS$0.63
- Year-ago EPS$0.60
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
SKT is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Tanger in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in REITs
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.