Tanger Inc.
New York Stock ExchangeRecent
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- Tanger Inc. (NYSE: SKT) owns and operates outlet centers and open-air lifestyle retail shopping destinations that provide value-oriented shopping experiences featuring brand-name retailers; its portfolio encompasses 38 outlet centers, three open-air lifestyle centers, and one adjacent managed center totaling more than 16 million square feet leased to over 800 brands across approximately 3,000 stores; primary services include property management, tenant leasing, marketing, and revenue generation from base rents, percentage rents, reimbursements, and ancillary businesses such as asset monetization. The company, founded in 1981 by Stanley K. Tanger and headquartered in Greensboro, North Carolina, functions as a publicly traded real estate investment trust since 1993 and conducts operations in 22 U.S. states and Canada, targeting tourist destinations and affluent markets with value-conscious shoppers and retailers seeking outlet formats. Recent strategic expansions include the September 2025 acquisition of Legends Outlets in Kansas City, Kansas, for $130 million (rebranded Tanger Kansas City at Legends, yielding an estimated 8% first-year return); the February 2025 purchase of the 640,000-square-foot Pinecrest mixed-use center in Cleveland; the acquisition of The Promenade at Chenal; earlier 2024-2025 additions of Tanger Outlets Palm Beach via partnership with Clarion Partners, Tanger Outlets Nashville, Tanger Outlets Asheville, and Bridge Street Town Centre; and an expanded partnership with Sephora announcing five new stores in 2024 across Charleston, S.C., Deer Park, N.Y., National Harbor, Md., Palm Beach, Fla., and Phoenix/Glendale, Ariz. to enhance beauty and wellness offerings.
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