Tanger Factory Outlet Centers, Inc.

Tanger Factory Outlet Centers, Inc.verified

SKT

Price:

$31.24

Market Cap:

$3.42B

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outlet industry and is a publicly-traded REIT. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter ended September 30, 2020.[Read more]

Industry

REIT - Retail

IPO Date

1993-05-28

Stock Exchange

NYSE

Ticker

SKT

The Current Ratio as of September 2024 (TTM) for Tanger Factory Outlet Centers, Inc. (SKT) is 0.09

According to Tanger Factory Outlet Centers, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.09. This represents a change of -84.63% compared to the average of 0.61 of the last 4 quarters.

Tanger Factory Outlet Centers, Inc. (SKT) Historical Current Ratio (quarterly & annually)

How has SKT Current Ratio performed in the past?

The mean historical Current Ratio of Tanger Factory Outlet Centers, Inc. over the last ten years is 1.23. The current 0.09 Current Ratio has changed 659.60% with respect to the historical average. Over the past ten years (40 quarters), SKT's Current Ratio was at its highest in in the March 2022 quarter at 4.58. The Current Ratio was at its lowest in in the June 2024 quarter at 0.09.

Quarterly (TTM)
Annual

Average

1.23

Median

0.76

Minimum

0.17

Maximum

2.86

Tanger Factory Outlet Centers, Inc. (SKT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tanger Factory Outlet Centers, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 216.90%

Maximum Annual Current Ratio = 2.86

Minimum Annual Increase = -93.39%

Minimum Annual Current Ratio = 0.17

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.17-93.39%
20222.53-11.64%
20212.8632.70%
20202.1542.48%
20191.51216.90%
20180.4838.58%
20170.34-50.77%
20160.70-9.28%
20150.772.92%
20140.75-41.37%

Tanger Factory Outlet Centers, Inc. (SKT) Average Current Ratio

How has SKT Current Ratio performed in the past?

The current Current Ratio of Tanger Factory Outlet Centers, Inc. (SKT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.85

5-year avg

1.84

10-year avg

1.23

Tanger Factory Outlet Centers, Inc. (SKT) Current Ratio vs. Peers

How is SKT’s Current Ratio compared to its peers?

Tanger Factory Outlet Centers, Inc.’s Current Ratio is less than Regency Centers Corporation (0.93), less than Getty Realty Corp. (1.76), less than SITE Centers Corp. (0.78), less than Brixmor Property Group Inc. (1.52), less than Simon Property Group, Inc. (0.99), less than Kimco Realty Corporation (1.69), less than National Retail Properties, Inc. (2.03), less than Urstadt Biddle Properties Inc. (1.50), less than Urstadt Biddle Properties Inc. (1.50), less than Saul Centers, Inc. (0.18), less than RPT Realty (0.33), less than Urban Edge Properties (0.92), less than Kite Realty Group Trust (2.06), less than Retail Opportunity Investments Corp. (0.32), less than InvenTrust Properties Corp. (1.24), less than Agree Realty Corporation (0.90), less than Realty Income Corporation (1.51),

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