Earnings Releases·Nov 4, 2026, 4:06 PM ET

Tanger Inc. — Third Quarter 2026 Earnings Summary

Net income rose to $0.29 per share (Q3 2026) from $0.28, with year-to-date net income reaching $0.82 per share compared to $0.71; FFO per share increased to $0.64 for the quarter and $1.87 year-to-date, while Same Center NOI grew 4.2% and 3.5% respectively.
Management raised full-year 2026 guidance for diluted net income per share to $1.08–$1.12 (from $1.06–$1.13) and FFO per share to $2.49–$2.53 (from $2.45–$2.52), citing strong retailer demand and limited supply.
The company fully repaid $350 million of senior unsecured notes using cash and delayed draw proceeds, increased total term loan principal to $550 million, and maintained a net debt to Adjusted EBITDAre ratio of 4.6x.
The Board authorized a 7% increase in the quarterly cash dividend to $0.3125 per share, while the portfolio expanded to 42 centers following the acquisition of Levis Commons Town Center and the sale of a Howell, MI property.