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SKT on NYSE

Tanger Inc.

Logo: Tanger Inc., Public domain, via Wikimedia Commons5

American real estate investment trust

Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada. As of January 2026, the company owns and or manages 37 outlet centers, and three open-air lifestyle centers across the US and Canada comprising over 16 million square feet and more than 3,000 stores operated by more than 800 different brand name companies.3 It employed 200 people.1 Its shares trade on NYSE under the symbol SKT.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1981Founded1

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  • TickerSKT on NYSE1
  • Industryoutlet store1
  • HeadquartersGreensboro1
  • Websitewww.tanger.com
  • Legal formBusiness Corporation1
  • Incorporated inNC6
  • Business address3200 Northline Avenue Suite 360, Greensboro, Nc 274086
  • Filer categoryLarge accelerated filer6
  • LEIUKEW8YSXE4Y581KYOL304
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O Guerrieri, Thomas J., Jr., 27408 Greensboro, United States4
  • Registered withCorporations Division (Department of the Secretary of State), 03210474

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Tanger Outlets - Byron Center, Michigan
Photo: WMrapids, CC0, via Wikimedia Commons8

Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Cash11$18.1M in 2025+42% since 2023
0$20.0M$40.0M$60.0M2023: $12.8M$12.8M20232024: $47.0M$47.0M2024+268%2025: $18.1M$18.1M2025−61%

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.11

Period ending2025-12-312024-12-312023-12-312021-02-28
Cash and cash equivalents$18.1M$47.0M$12.8M
Restricted Cash$35.4M$0$0
Operating lease right-of-use assets$83.5M$76.1M
Operating lease liabilities$91.6M$84.5M
Common shares, par value (in dollars per share)$0.01

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Corporate structure

Tanger Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Tanger Inc.

  • Tanger Inc. Greensboro, North Carolina, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Tanger Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$83.5M11 Dec 31, 2025$76.1M11 Dec 31, 2024+9.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$18.1M11 Dec 31, 2025$47.0M11 Dec 31, 2024−61.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$332.6M11 Dec 31, 2025$296.0M11 Dec 31, 2024+12.4%
Accumulated amortization$221.9M11 Dec 31, 2025$211.0M11 Dec 31, 2024+5.2%
Finite-lived intangibles, net$110.7M11 Dec 31, 2025$85.0M11 Dec 31, 2024+30.2%

Properties, in its own words

As of December 31, 2025, our consolidated portfolio consisted of 31 outlet centers and three open-air lifestyle centers, totaling 14.0 million square feet located in 21 states. We own interests in six other outlet centers totaling approximately 2.1 million square feet through unconsolidated joint ventures, including two outlet centers located in Canada. Our portfolio also includes one managed center totaling approximately 457,000 square feet. Each of our outlet centers, except one joint venture property, features the Tanger brand name. Our consolidated centers range in size from 182,735 to 737,473 square feet. The centers are generally located near tourist destinations or along major interstate highways to provide visibility and accessibility to potential customers.

In February 2025, we acquired a 640,000-square-foot open-air, grocery-anchored mixed-use center in Cleveland, Ohio for $167.0 million using cash on hand and available liquidity. The center is Northeast Ohio's premier retail and entertainment destination and has become the go-to choice for retailers seeking market entry. The stores at the center are complemented by an expansive menu of entertainment and dining options.

The rest of Item 2

In September 2025, we acquired a 690,000-square-foot open-air outlet center in Kansas City, Kansas for $130.0 million, including the assumption of a $115.0 million, 7.57% interest-only mortgage, with an effective rate of 6.0% that matures in November 2027. The center is Kansas' only outlet center and serves as the retail anchor of Village West, the state's top tourist destination.

We believe that our centers are well diversified geographically and by tenant and that we are not dependent upon any single property or tenant. No property comprises more than 10% or more of our consolidated total assets or revenues as of December 31, 2025.

We have an ongoing strategy of acquiring centers, developing new centers and expanding existing centers. See “Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources” for a discussion of the cost of such programs and the sources of financing thereof.

As of December 31, 2025, of the 34 centers in our consolidated portfolio, we own the land underlying 28 and have ground leases on all or a portion of six centers. The following table sets forth information about such land leases:

Property Name · Location · Acres · Expiration · Expiration including renewal terms at our option

Tanger Outlets Myrtle Beach Hwy 17 · Myrtle Beach, SC · 40.0 · 2027 · 2096

Tanger Outlets Atlantic City · Atlantic City, NJ · 21.3 · 2100 · 2101

Tanger Outlets Sevierville · Sevierville, TN · 43.6 · 2086 · 2086

Tanger Outlets Riverhead · Riverhead, NY · 47.0 · 2029 · 2039

Tanger Outlets at Foxwoods · Mashantucket, CT · 8.1 · 2039 · 2089

Tanger Outlets Rehoboth Beach · Rehoboth Beach, DE · 2.7 · 2044 · 2064

Generally, our leases with our center tenants typically have an initial term that ranges from 5 to 10 years and provide for the payment of fixed monthly rent in advance. There are often contractual base rent increases during the initial term of the lease. In addition, the rental payments are customarily subject to upward adjustments based upon tenant sales volume. A component of most leases includes a pro-rata share or escalating fixed contributions by the tenant for property operating expenses, including common area maintenance, real estate taxes, insurance and advertising and promotion, thereby reducing exposure to increases in operating expenses resulting from inflation.

The following table summarizes certain information with respect to our consolidated centers as of December 31, 2025:

State · Number ofCenters · SquareFeet · %of Square Feet

South Carolina · 5 · 1,606,491 · 12

New York · 2 · 1,466,850 · 10

Alabama · 2 · 1,205,752 · 9

Georgia · 3 · 1,179,697 · 8

Pennsylvania · 3 · 1,000,976 · 7

Texas · 2 · 823,717 · 6

Tennessee · 2 · 740,746 · 5

North Carolina · 2 · 696,194 · 5

Kansas · 1 · 688,584 · 5

Ohio · 1 · 638,396 · 5

Delaware · 1 · 547,937 · 4

New Jersey · 1 · 484,748 · 3

Arizona · 1 · 410,753 · 3

Michigan · 1 · 357,133 · 3

Florida · 1 · 351,691 · 3

Missouri · 1 · 329,861 · 2

Mississippi · 1 · 325,831 · 2

Louisiana · 1 · 322,063 · 2

Connecticut · 1 · 311,229 · 2

Arkansas · 1 · 269,642 · 2

New Hampshire · 1 · 250,558 · 2

Total · 34 · 14,008,849 · 100

The following table summarizes certain information with respect to our consolidated centers in which we have an ownership interest as of December 31, 2025. Except as noted, all properties are fully owned:

Consolidated Centers

Property Name · Location · Legal Ownership % · Square Feet (1) · % Occupied (1)

Tanger Outlets Deer Park · Deer Park, NY · 100 · 737,473 · 100.0

Tanger Outlets Riverhead · Riverhead, NY (2) · 100 · 729,377 · 98.4

Tanger Outlets Kansas City at Legends · Kansas City, KS (3) · 100 · 688,584 · 96.2

Bridge Street Town Centre, a Tanger Property · Huntsville, AL · 100 · 651,016 · 92.9

Pinecrest, a Tanger Property · Cleveland, OH · 100 · 638,396 · 98.2

Tanger Outlets Foley · Foley, AL · 100 · 554,736 · 94.0

Tanger Outlets Rehoboth Beach · Rehoboth Beach, DE (2) · 100 · 547,937 · 100.0

Tanger Outlets Savannah · Savannah, GA · 100 · 487,207 · 100.0

Tanger Outlets Atlantic City · Atlantic City, NJ (2) (3) · 100 · 484,748 · 80.7

Tanger Outlets San Marcos · San Marcos, TX · 100 · 471,816 · 99.3

Tanger Outlets Sevierville · Sevierville, TN(2) · 100 · 450,079 · 100.0

Tanger Outlets Myrtle Beach Hwy 501 · Myrtle Beach, SC · 100 · 426,523 · 99.0

Tanger Outlets Phoenix · Glendale, AZ · 100 · 410,753 · 100.0

Tanger Outlets Myrtle Beach Hwy 17 · Myrtle Beach, SC (2) · 100 · 404,341 · 100.0

Tanger Outlets Charleston · Charleston, SC · 100 · 386,328 · 100.0

Tanger Outlets Lancaster · Lancaster, PA · 100 · 377,417 · 100.0

Tanger Outlets Asheville · Asheville, NC · 100 · 376,432 · 97.4

Item 2 of the 10-K filed Feb 26, 2026.12

The story

In 1981, Stanley Tanger opened the Burlington Manufacturer's Outlet Center in Burlington, North Carolina.

In May 1993, the company was incorporated as a real estate investment trust and became a public company via an initial public offering.

In September 2002, Tanger purchased Kensington Valley Factory Shops in Howell, Michigan.

In January 2009, Steven B. Tanger, the son of the founder and the namesake of the Steven Tanger Center for the Performing Arts, became president and CEO of the company. That same year, in September, founder Stanley K. Tanger resigned from the position of chairman.

In October 2010, the founder died at age 87.

In January 2011, the company announced a 50/50 joint venture with RioCan Real Estate Investment Trust to develop outlet malls in Canada. In June 2011, the company formed a joint venture with Simon Property Group to develop a shopping center south of Houston, Texas.

In October 2015, the company sold 5 shopping centers for $150.7 million. In April 2019, the company sold 4 shopping centers to Singerman Real Estate and The Outlet Resource Group for $130.5 million.

Beginning in 2020, Tanger commenced a management succession plan and full refreshment of its executive management team with the appointment of Stephen Yalof as president and eventual CEO. As of March 2025, the company's management team also included Michael Bilerman as Executive Vice President, Chief Financial Officer and Chief Investment Officer; Leslie Swanson as Executive Vice President, Chief Operating Officer; Jessica Norman as Executive Vice President, General Counsel and Secretary; Justin Stein as Executive Vice President, Leasing; and Thomas Guerrieri Jr. as Senior Vice President, Chief Accounting Officer.

Read the full text

In October 2023, the company opened its newest outlet center in Nashville, Tennessee.

In November 2023, Tanger announced its purchase of Asheville Outlets in Asheville, North Carolina.

In December 2023, Tanger purchased Bridge Street Town Centre in Huntsville, Alabama. The company has since purchased two additional open air lifestyle centers, including The Promenade at Chenal in Little Rock, AR, in December 2024, and Pinecrest in Cleveland, OH, in February 2025.

In April 2025, Tanger sold its outlet in Howell, Michigan, to Lormax Stern for an undisclosed price.

From Wikipedia’s article on Tanger Inc., shared under CC BY-SA 4.0.7

Leadership

Who has led Tanger Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Stanley Tanger2006–2009
  2. Steven B. Tanger2009–2020
  3. Stephen Yalof2021–now

Chair

  1. Stanley Tanger2006–2009
  2. Steven B. Tanger2021–2024

President

  1. Steven B. Tanger2006–2017
  2. Thomas E. McDonough2017–2020
  3. Stephen Yalof2020–now

Chief financial officer

  1. Frank C. Marchisello Jr.2009–2016

Chief operating officer

  1. Steven B. Tanger2006–2009
  2. Thomas E. McDonough2013–2020
  3. Stephen Yalof2020
  4. Gallardo Leslie Swanson2022–now
1990200020102020
Board members and other officers (32)

Products and brands

  • shopping center

Listed on Wikidata.1

Former names

  • TANGER FACTORY OUTLET CENTERS, INCJul 29, 2019 to Nov 15, 20236
  • TANGER FACTORY OUTLET CENTERS INCFeb 1, 1994 to Jun 4, 20196

Timeline

  1. Aug 4, 20268-K Results of operations; Regulation FD disclosure55
  2. Apr 30, 20268-K Results of operations; Regulation FD disclosure56
  3. Feb 24, 20268-K Results of operations; Regulation FD disclosure57
  4. Nov 4, 20258-K Results of operations; Regulation FD disclosure58
  5. Aug 4, 20258-K Results of operations; Regulation FD disclosure59
  6. Apr 30, 20258-K Results of operations; Regulation FD disclosure60
  7. Feb 19, 20258-K Results of operations; Regulation FD disclosure61
  8. Nov 6, 20248-K Results of operations; Regulation FD disclosure62
  9. Aug 1, 20248-K Results of operations; Regulation FD disclosure63
  10. May 20, 20248-K Shareholder vote64
  11. Apr 30, 20248-K Results of operations; Regulation FD disclosure65
  12. Feb 15, 20248-K Results of operations; Regulation FD disclosure66
  13. Feb 24, 2021New chief executive Stephen Yalof becomes CEO13
  14. Feb 19, 2009New chief executive Steven B. Tanger becomes CEO14
  15. Mar 2, 2006New chief executive Stanley Tanger becomes CEO1
  16. 1981Founded Founded1

Calendar

Coming up

  1. Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.60 a share, on Nov 4, 2025.67

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results55
  2. Apr 30, 2026Reported quarterly or annual results56
  3. Feb 24, 2026Reported quarterly or annual results57
  4. Nov 4, 2025Reported quarterly or annual results58
  5. Aug 4, 2025Reported quarterly or annual results59
  6. Apr 30, 2025Reported quarterly or annual results60
  7. Feb 19, 2025Reported quarterly or annual results61
  8. Nov 6, 2024Reported quarterly or annual results62

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

300 filings to the SEC since October 2021: 28 major events, 203 insider forms, 21 large holders, 48 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Aug 17, 20264 EDGAR
  3. Aug 6, 2026SCHEDULE 13G/A EDGAR
  4. Aug 4, 20268-K EDGAR
  5. May 18, 20264 EDGAR
  6. May 18, 20264 EDGAR
  7. May 15, 2026144/A EDGAR
  8. May 15, 2026144 EDGAR
  9. May 6, 2026SCHEDULE 13G/A EDGAR
  10. Apr 30, 2026SCHEDULE 13G EDGAR
  11. Apr 30, 20268-K EDGAR
  12. Mar 26, 2026ARS EDGAR
  13. Mar 26, 2026DEFA14A EDGAR
  14. Mar 26, 2026DEF 14A EDGAR
  15. Mar 26, 2026SCHEDULE 13G/A EDGAR
  16. Mar 23, 20264 EDGAR
  17. Mar 23, 20264 EDGAR
  18. Mar 23, 20264 EDGAR
  19. Mar 23, 20264 EDGAR
  20. Mar 23, 20264 EDGAR

The 300 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 1 buys and 30 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 15, 2026RYAN BERMAN BRIDGETDirectorSale14,698$35.24$518.0KForm 4
Mar 6, 2026SKERRITT SUSAN EDirectorSale5,060$36.22$183.3KForm 4
Feb 27, 2026REDDIN THOMASDirectorSale10,000$37.50$375.0KForm 4
Feb 27, 2026Guerrieri Thomas Joseph JRSVP, CAOSale10,432$37.61$392.3KForm 4
Sep 5, 2025Swanson Gallardo LeslieEVP, Chief Operating OfficerSale17,500$34.74$608.0KForm 4
May 12, 2025REDDIN THOMASDirectorSale7,000$32.25$225.8KForm 4
May 5, 2025Yalof StephenPresident & CEOBuy3,348$29.87$100.0KForm 4
Mar 11, 2025Swanson Gallardo LeslieEVP, Chief Operating OfficerSale12,500$32.38$404.8KForm 4
Feb 28, 2025SKERRITT SUSAN EDirectorSale9,844$34.79$342.5KForm 4
Nov 19, 2024Guerrieri Thomas Joseph JRSVP, CAOSale3,000$36.27$108.8KForm 4
Sep 9, 2024Swanson Gallardo LeslieEVP, Chief Operating OfficerSale17,900$30.74$550.2KForm 4
May 8, 2024SKERRITT SUSAN EDirectorSale9,413$27.70$260.7KForm 4
Mar 12, 2024Guerrieri Thomas Joseph JRSVP, CAOSale3,000$29.27$87.8KForm 4
Feb 29, 2024SKERRITT SUSAN EDirectorSale3,309$28.62$94.7KForm 4
Feb 21, 2024REDDIN THOMASDirectorSale5,000$29.00$145.0KForm 4
Dec 4, 2023TANGER STEVEN BDirectorSale150,000$26.25$3.9MForm 4
Dec 1, 2023TANGER STEVEN BDirectorSale10,788$25.50$275.1KForm 4
Nov 27, 2023TANGER STEVEN BDirectorSale64,212$25.50$1.6MForm 4
Nov 21, 2023TANGER STEVEN BDirectorSale75,000$25.01$1.9MForm 4
Jun 13, 2023TANGER STEVEN BDirectorSale79,936$22.00$1.8MForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Stephen YalofPresident and Chief Executive Officer$900.0K$7.1M74
2025Michael J. BilermanExecutive Vice President, Chief Financial Officer and Chief Investment Officer$540.0K$3.1M74
2025Leslie A. SwansonExecutive Vice President, Chief Operating Officer$465.0K$2.3M74
2025Jessica K. NormanExecutive Vice President, Chief Administrative Officer, General Counsel, and Secretary$400.0K$1.7M74
2025Justin C. SteinExecutive Vice President, Chief Revenue Officer$400.0K$1.7M74
2024Stephen YalofPresident and Chief Executive Officer$900.0K$6.9M74
2024Michael J. BilermanExecutive Vice President, Chief Financial Officer and Chief Investment Officer$525.0K$3.0M74
2024Leslie A. SwansonExecutive Vice President, Chief Operating Officer$450.0K$2.2M74
2024Jessica K. NormanExecutive Vice President, Chief Administrative Officer, General Counsel, and Secretary$385.0K$1.6M74
2024Justin C. SteinExecutive Vice President, Chief Revenue Officer$370.0K$1.6M74
2023Stephen YalofPresident and Chief Executive Officer$850.0K$6.1M74
2023Michael J. BilermanExecutive Vice President, Chief Financial Officer and Chief Investment Officer$500.0K$2.8M74
2023Leslie A. SwansonExecutive Vice President, Chief Operating Officer$400.0K$2.0M74

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.22,211,493$876.7M0.0%+1,582,006
Fmr LLC16,435,246$648.7M0.0%+1,454,342
Vanguard Portfolio Management LLC11,778,526$464.9M0.0%−157,275
State Street Corp6,519,128$257.3M0.0%+30,825
Vanguard Capital Management LLC4,989,065$196.9M0.0%−171,481
Geode Capital Management, LLC3,149,553$124.3M0.0%+160,981
Charles Schwab Investment Management Inc2,262,234$89.3M0.0%+86,886
Northern Trust Corp2,104,639$83.1M0.0%+117,298
Invesco Ltd.1,944,026$76.7M0.0%−434,459
Dimensional Fund Advisors LP1,694,151$66.9M0.0%−456
Morgan Stanley1,668,008$65.8M0.0%+425,154
UBS Group AG1,447,801$57.1M0.0%+30,940
Goldman Sachs Group Inc966,195$38.1M0.0%+347,011
Wellington Management Group Llp965,900$38.1M0.0%−728,150
Cbre Investment Management Listed Real Assets LLC960,182$37.9M0.5%+170,801
GRS Advisors, LLC952,407$37.6M3.2%+261,916
Qube Research & Technologies Ltd931,450$36.8M0.0%−134,703
Hudson Bay Capital Management LP866,251$34.2M0.2%+313,707
Bank of New York Mellon Corp860,761$34.0M0.0%+23,200
Jupiter Topco LLC859,700$34.0M0.0%New
Millennium Management LLC841,197$33.2M0.0%+766,093
Vanguard Fiduciary Trust Co817,354$32.3M0.0%+26,241
Nuveen, LLC816,793$32.2M0.0%−91,587
Legal & General Group Plc802,738$31.7M0.0%−8,239
Land & Buildings Investment Management, LLC794,927$31.4M5.4%−3,988

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000+20.6%Report
Jun 4, 2019Tom MalinowskiDemocratic, HouseBuy$15,001 - $50,000−70.2%Report
May 31, 2019Tom MalinowskiDemocratic, HouseSale$15,001 - $50,000+72.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Tanger Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTANGER INC.2
  • CIK0000899715
  • Employer ID (EIN)56-181547312
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company12
  • Incorporated inNorth Carolina12
  • Fiscal year endsDecember 312
  • Industry code (SIC)6798 Real Estate Investment Trusts2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address3200 Northline Avenue Suite 360, Greensboro, NC 274082
  • Phone33629230102
  • Shares outstanding114,878,989 as of Jul 31, 202610
  • Public float$3.4B as of Jun 30, 202512
  • AuditorDeloitte & Touche LLP, Charlotte, North Carolina PCAOB ID 34; it also attests to the company’s internal control over financial reporting12
  • On EDGAR sinceFeb 1, 19942
  • Filings1,889 in all: 4 (989), 8-K (272), SC 13G/A (123), 10-Q (91), SC 13G (59), DEFA14A (31), 10-K (30), DEF 14A (30)2
    All 47 form types

    424B5 (27), 5 (26), 3 (25), 144 (20), 8-K/A (20), UPLOAD (18), ARS (17), CORRESP (13), S-3ASR (10), 10-Q/A (8), 425 (8), 4/A (7), S-8 (6), SCHEDULE 13G/A (6), 10-K/A (5), 424B3 (5), 424B2 (4), 424B7 (4), PRE 14A (4), S-3 (4), FWP (3), 25-NSE (2), 8-A12B (2), POS AM (2), S-3/A (2), SC 13D/A (2), SCHEDULE 13G (2), 144/A (1), 25 (1), 3/A (1), 8-A12B/A (1), CERTNYS (1), EFFECT (1), POS EX (1), RW (1), S-4 (1), S-4/A (1), S-8 POS (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 26, 2026
    Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, $.01 par valueSKTNew York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).12

Risk factors and legal proceedings

The risks Tanger Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 44 risks under these headings, as written.12

  • Risks Related to Real Estate Investments
  • The economic performance and the market value of our centers are dependent on risks associated with real property investments.
  • We may be unable to develop new centers or expand existing centers successfully.
  • Real property investments are relatively illiquid.
  • Properties have been in the past and may be in the future subject to impairment charges, which can adversely affect our financial results.
  • Dispositions may not achieve anticipated results.
  • We face competition for the acquisition and development of centers, and we may not be able to complete acquisitions or developments that we have identified.
  • We may be subject to environmental regulation.
  • We may incur significant costs to comply with the Americans With Disabilities Act and fire, safety and other regulations.
  • Risks Related to our Business
  • Conditions that adversely affect the general retail environment could materially and adversely affect us
  • Our earnings and therefore our profitability are dependent on rental income from real property.
The other 34 risks
  • We are substantially dependent on the results of operations of our retail tenants and their bankruptcy, early termination or closing could adversely affect us.
  • Significant inflation could negatively impact our business.
  • Certain of our properties are subject to ownership interests held by third parties, whose interests may conflict with ours and thereby constrain us from taking actions concerning these properties which otherwise would be in our best interests and our shareholders' interests.
  • We face risks associated with climate change and severe weather.
  • An uninsured loss or a loss that exceeds our insurance policies on our centers or the insurance policies of our tenants could subject us to lost capital and revenue on those centers.
  • Our Canadian investments may subject us to different or greater risk from those associated with our domestic operations.
  • Risks Related to our Indebtedness and Financial Markets
  • We are subject to the risks associated with debt financing.
  • The Company depends on distributions from the Operating Partnership to meet its financial obligations, including dividends.
  • We may not be able to obtain additional capital to further our business objectives.
  • The Operating Partnership has, and may in the future, guarantee debt or otherwise provide support for unconsolidated joint venture properties.
  • Adverse changes in our credit ratings could negatively affect our financing ability and borrowing terms.
  • Hedging activity may expose us to risks, including the risk that a counterparty will not perform and that
  • the hedge will not yield the economic benefits we anticipate, which may adversely affect us.
  • The price of our common shares may fluctuate significantly.
  • The exchange of the Exchangeable Notes may dilute the ownership interest of our shareholders or may
  • otherwise depress the price of the common shares.
  • The Operating Partnership may not have the ability to raise the funds necessary to settle exchanges of the Exchangeable Notes or to repurchase the Exchangeable Notes upon a fundamental change, and the Operating Partnership’s future debt may contain limitations on our ability to pay cash upon exchange or repurchase of the Exchangeable Notes.
  • The conditional exchange feature of the Exchangeable Notes, if triggered, may adversely affect our liquidity and financial condition.
  • The Capped Call Transactions entered into in connection with the issuance of the Exchangeable Notes may affect the market price of our common shares.
  • Certain provisions in the indenture governing the Exchangeable Notes may delay or prevent an attempted takeover of us that might be financially advantageous to shareholders.
  • Changes in the accounting treatment for exchangeable debt securities that may be settled in cash, such as the Exchangeable Notes, could have a material effect on our reported financial results.
  • Risks Related to Federal Income Tax Laws
  • If we fail to qualify as a REIT, our operations and distributions to shareholders would be adversely affected.
  • We may need to incur additional borrowings to meet the REIT minimum distribution requirement and to avoid excise tax.
  • Complying with REIT requirements may cause us to forego otherwise attractive opportunities or liquidate otherwise attractive investments.
  • The tax imposed on REITs engaging in “prohibited transactions” may limit our ability to engage in transactions which would be treated as sales for U.S. federal income tax purposes.
  • Complying with REIT requirements may limit our ability to hedge effectively and may cause us to incur tax liabilities.
  • Dividends payable by REITs do not qualify for the reduced tax rates available for some dividends.
  • The U.S. federal income tax treatment of the cash that we might receive from cash settlement of the forward sale agreement is unclear and could jeopardize our ability to meet the REIT qualification requirements.
  • Changes to the U.S. federal income tax laws, including the enactment of certain tax reform measures, could have an adverse impact on our business and financial results.
  • General Risks
  • Cyber-attacks or acts of cyber-terrorism could disrupt our or our third-party providers' business operations and information technology systems or result in the loss or exposure of confidential or sensitive customer, employee or Company information.
  • Our success depends, in part, on our ability to attract, retain and develop talented employees, and our failure to do so, including the loss of any one of our key personnel, could adversely impact our business.
  • Use of artificial intelligence presents risks and challenges that could impact our business.
  • Trade negotiations and related government actions may create regulatory uncertainty for us and our tenants and adversely affect our performance.
  • Meeting Environmental, Social and Governance expectations or standards may impose additional costs and expose us to new risks.

Legal proceedings

The Company and the Operating Partnership are, from time to time, engaged in a variety of legal proceedings arising in the normal course of business. Although the results of these legal proceedings cannot be predicted with certainty, management believes that the final outcome of such proceedings will not have a material adverse effect on our results of operations or financial condition.

The opening of Item 3, Legal Proceedings.12

Sources

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