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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Tanger
Tanger (SKT) investor relations material
Tanger Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Q3 operating performance and leasing momentum supported higher FY26 guidance; strategy emphasizes organic growth, disciplined acquisitions, and asset reinvestment.
Retailer demand and limited new supply support rent growth, while merchandising, marketing, and operating initiatives aim to raise center productivity.
Financial highlights
Q3 revenue was $157.7M vs. $145.2M YoY; net income was $35.0M vs. $33.3M, with diluted EPS of $0.29 vs. $0.28.
Q3 Core FFO was $0.64/share, up 6.7% YoY from $0.60; 9M Core FFO rose to $1.87/share from $1.70.
Q3 same-center NOI grew 4.2%; 9M total-portfolio same-center NOI at pro rata share was $315.8M, up 3.5% YoY.
9M revenue was $464.5M vs. $421.3M; net income was $99.0M vs. $84.7M, and diluted EPS was $0.82 vs. $0.71.
Other revenues increased 11% in Q3, including growth from marketing partnerships, advertising, EV charging, and other non-lease income.
Outlook and guidance
FY26 Core FFO guidance increased to $2.49-$2.53/share from $2.45-$2.52; same-center NOI growth guidance is 3.50%-4.25%, up from 2.75%-4.25%.
FY26 guidance includes net income of $1.08-$1.12/share, G&A of $80.5M-$83.5M, net interest expense of $70.5M-$71.7M, and recurring CapEx/leasing costs of $70M-$75M.
Guidance excludes future property, outparcel, or JV transactions and additional financing activity; management cited rent markups and re-tenanting as sources of organic growth into 2027.
Management expects a strong holiday season and sees room to push rents as retailers seek space in a supply-constrained market.
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Latest events from Tanger
- Strong 2026 growth outlook driven by portfolio expansion, high occupancy, and experiential retail focus.SKT
Corporate presentation - Q2 2026 delivered higher earnings, robust leasing, and raised guidance amid strong demand.SKTQ2 2026
- Strong leasing demand, high occupancy, and strategic acquisitions drive sustained growth.SKTNareit REITweek: 2026 Investor Conference
- Q1 2026 net income up 47%, FFO per share at $0.59, occupancy at 97%, and guidance raised.SKTQ1 2026
- Record 2025 results, board refreshment, and strong pay-for-performance alignment highlighted.SKTProxy filing
- Virtual annual meeting on May 8, 2026, covers director elections, auditor, and compensation votes.SKTProxy filing
- Record leasing and NOI growth in 2025, with $780M+ deployed and strong 2026 outlook.SKTQ4 2025
- Core FFO per share grew 8.7% to $2.13, with high occupancy and strong 2025 guidance.SKTQ4 2024
- High occupancy, disciplined acquisitions, and NOI growth drive strong outlook for 2025.SKTNareit REITweek: 2025 Investor Conference
Next Tanger earnings date
Q4 202619 Feb, 2027
Tanger
Next Tanger earnings date
Q4 202619 Feb, 2027
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Frequently asked questions
Tanger Factory Outlet Centers, Inc. is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of outlet centers. The Company's portfolio of owned and operated outlet centers often ranks among the top performing properties worldwide in terms of sales per square foot. It also has a rapidly growing segment that provides turnkey development services and/or leasing, property management and consultancy services to third parties. The company's properties are located in some of the most densely populated metropolitan areas in the United States and Canada that contain some of the largest concentrations of high income consumers.