SKT - NYSE

Tanger Inc.

Tanger Inc.

SKTยทNYSE

$36.20

+0.91%
Real EstateREIT - Retail

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$4.16B
EPS1.0200
P/E Ratio35.49
Earnings Date08/03/2026
Tanger Inc.

Tanger Inc. Fair Value Envelope

SKT ยท NYSE

Our analysis suggests that SKT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $36.195, this represents a potential HIDDEN relative to our calculated worth for Tanger Inc..

HIDDEN
Intrinsic Value
Current Price: $36.195

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$37.9B
+ Cash & Equivalents$18.1M
Firm Value$37.9B
- Debt$1.7B
Equity Value$36.2B
/ Shares Outstanding112,266,243B
DCF Value$322
UNDERVALUED BY 791%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$386.7M
$500.9M
$648.7M
$840.1M
$1.1B
$1.4B
$1.8B
$2.4B
$3.1B
$4.0B
Maintenance CapEx
-$24.9M
-$32.2M
-$41.7M
-$54.0M
-$70.0M
-$90.6M
-$117.4M
-$152.0M
-$196.9M
-$255.0M
Owner Earnings
$361.8M
$468.6M
$606.9M
$786.1M
$1.0B
$1.3B
$1.7B
$2.2B
$2.9B
$3.7B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$335.0M
$401.8M
$481.8M
$577.8M
$692.9M
$830.9M
$996.4M
$1.2B
$1.4B
$1.7B
Terminal Value represents 77.1% of Enterprise Value

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