Company Information

  

Address: 3200 NORTHLINE AVENUE SUITE 360  
City: GREENSBORO 
State: NC 
Zip Code: 27408 
Telephone: 336-292-3010 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

Tanger Factory Outlet Centers, Inc. and subsidiaries, which we refer to as the Company, is one of the largest owners and operators of outlet centers in the United States and Canada. We are a fully-integrated, self-administered and self-managed REIT, which focuses exclusively on developing, acquiring, owning, operating and managing outlet shopping centers. As of December 31, 2016, our consolidated portfolio consisted of 36 outlet centers, with a total gross leasable area of approximately 12.7 million square feet, which were 98% occupied and contained over 2,600 stores representing approximately 400 store brands. We also had partial ownership interests in 8 unconsolidated outlet centers totaling approximately 2.3 million square feet, including 4 outlet centers in Canada. Our outlet centers and other assets are held by, and all of our operations are conducted by, Tanger Properties Limited Partnership and subsidiaries, which we refer to as the Operating Partnership.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20171.510.34217.21
03/20171.970.34216.63
12/20162.010.32517.80
09/20162.880.32513.53
06/20162.620.32515.34
03/20162.120.32517.17
12/20152.200.21014.86
09/20151.260.28526.17

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.24Total Liab/Total Assets0.73
Net Inc/Total Assets0.08Total Liab/Inv Cap0.73
Net Inc/Inv Cap0.08Total Liab/Comm Equity2.26
Pretax Inc/Net Sales0.42Interest Coverage Ratio4.19
Net Inc/Net Sales0.42Curr Debt/EquityNA
Cash Flow/Net Sales0.51LTD/Equity2.52
SG&A/NetSales0.10Total Debt/Equity2.52
Asset Utilization   Liquidity  
Net Receivables TurnoverNAQuick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E0.22  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 119.61 121.37 124.56 119.14
Cost of Goods Sold 37.12 40.39 41.69 37.44
Selling & Admin Exps 11.50 12.04 11.33 12.13
Operating Income 38.09 37.65 38.26 39.88
Interest Exp 16.52 16.49 16.47 15.52
Pretax Income 28.57 21.20 22.44 72.06
Other Income 7.00 0.04 0.65 47.70
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 29.39 22.34 24.07 69.10

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 8.36 7.23 12.22 28.84
Receivables - Total NA NA NA NA
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 2,158.42 2,164.86 2,151.32 2,116.47
Total Assets 2,529.49 2,539.77 2,526.21 2,560.92
Liabilities        
Accounts Payable 71.38 82.77 78.14 78.54
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 1,729.00 1,699.46 1,687.87 1,724.65
Total Liabilities 1,901.76 1,876.50 1,856.00 1,890.68
Stockholder's Equity        
Minority Interest 33.40 34.73 35.23 35.41
Preferred Stock NA NA NA NA
Common Stock 0.95 0.97 0.96 0.96
Retained Earnings -136.23 -132.57 -122.70 -115.57
Treasury Stock NA NA NA NA
Total Stockholders' Equity 627.73 663.27 670.22 670.24
Total Liabilities and Stockholders' Equity 2,529.49 2,539.77 2,526.21 2,560.92

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 54.15 56.61 61.55 72.75
Net Cash Provided by Investing Activities -15.92 -39.13 -6.01 -65.35
Net Cash Provided by Financing Activities -37.10 -22.47 -69.00 -8.59

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012357.0053.230.57
12/2013384.82107.561.13
12/2014418.5674.010.77
12/2015439.37211.202.20
12/2016465.83193.742.01
Growth Rates6.8838.1237.03

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1731192,37497.28




Report Date : 10/16/2017

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