Health score, competitive moat, risk signals, and key metrics at a glance.
Tanger Inc. is a leading owner and operator of outlet and open-air retail shopping destinations, with over 45 years of expertise in the retail and outlet shopping industries. Tanger portfolio of 38 outlet centers and three open-air lifestyle centers comprises more than 17 million square feet well positioned across tourist destinations and vibrant markets in 22 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 800 different brand name companies. Tanger Inc. was incorporated in 1981 in North Carolina and is based in Greensboro, North Carolina.
Competitive analysis based on 63 quarters of fundamental data
Operating margins are expanding at ~29.1%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 17.0% suggests a durable competitive advantage and efficient capital allocation.
Data-driven red flags and warnings across 63 quarters
Margins are stable or improving at ~30.4% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio of 2.8 is elevated and rising. Monitor for further debt accumulation.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares outstanding increased 5.1% — significant dilution, likely from stock compensation or capital raises.
as of March 2026
Revenue, EBITDA, operating income, net income, EPS, and shares
Gross, EBITDA, operating, and net margin trends
P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield
Total assets, cash, debt, book value, and leverage
Operating cash flow, free cash flow, FCF margin, and earnings quality
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~20.0% growth over the period. Strong demand durability.
