Tanger Inc. (NYSE:SKT) released its first‑quarter 2026 earnings on April 30, 2026, and raised its full‑year 2026 guidance.
Analysts had estimated earnings per share of $0.24 and revenue of $142.52 million for the quarter. The company reported results that were in line with those expectations.
The guidance lift reflects management’s confidence in continued earnings expansion and a favorable lease roll, driven by strong leasing activity and a portfolio that has benefited from positive rent spreads exceeding 10% for 15 consecutive quarters.
Occupancy in the third quarter of 2025 reached 97.4%, and sales productivity hit $475 per square foot, underscoring the company’s ability to replace underperforming tenants with higher‑productivity brands and maintain pricing power.
Tanger also increased its quarterly dividend to $0.3125 per share, reinforcing its commitment to shareholder returns while maintaining a strong balance sheet with ample liquidity and low leverage.
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