# Tanger Inc. (SKT) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $37.33, market value $4.5 billion.

## Valuation
- **P/E (trailing): 34.2×** (5-yr avg 29.4×, 3-yr avg 32.5×). Tanger Inc. trades at 34.2× trailing earnings, close to its own five-year average of 29.4×. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 31.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 2.53**. A PEG of 2.53 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 7.7×**. Each dollar of revenue is priced at 7.7×.
- **Price / book: 6.4×**. The shares trade at 6.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Earnings yield: 2.9%**. The inverse of the P/E: 2.9% of the price is earned each year.

## Profitability
- **Net margin: 19.7%**. 19.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.2%**. 16.2% on shareholders' equity is solid.
- **Return on assets: 4.7%**. Each dollar of assets produces 4.7% of profit.

## Growth
- **Revenue growth (1 yr): 10.5%** (3-yr 9.5%/yr). Revenue grew 10.5% over the last year.
- **EPS growth (1 yr): 12.5%** (3-yr 8.7%/yr). Earnings per share rose 12.5%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 11.3%/yr**. Free cash flow has compounded at 11.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 2.39**. Debt is 2.39 times equity, a leveraged balance sheet, which is normal for real estate.
- **Current ratio: 0.30** (quick 0.30). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 2.15**. A Z-score of 2.15 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.35%** ($1.21 per share, trailing). Tanger Inc. yields 3.35%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 115%**. The dividend exceeds earnings (115% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 10.1%/yr** (1-yr 6.4%). The dividend has compounded at 10.1% a year over five years, doubling roughly every 7 years at that pace.

## Price and momentum
- **Total return (1 yr): 11.6%** (YTD 13.8%, 3-mo 0.6%). The shares are up 11.6% over twelve months including dividends.
- **From 52-week high: -12.2%** (19.9% above the low). Trading 12% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 0.30** (volatility 21%). Beta of 0.30 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SKT · Page: https://foliofundamentals.com/stocks/skt

Not investment advice.