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SKT| Name | Value |
|---|---|
| Revenues | 127.5M |
| Cost of Revenue | 74.2M |
| Gross Profit | 53.3M |
| Operating Expense | 21.5M |
| Operating I/L | 31.9M |
| Other Income/Expense | -7.0M |
| Interest Income | 11.9M |
| Pretax | 24.8M |
| Income Tax Expense | 1.4M |
| Net Income/Loss | 23.8M |
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a prominent operator of upscale outlet shopping centers, with a portfolio of 38 properties in 20 states and Canada, totaling approximately 14.1 million square feet. The company leases space to over 2,700 stores operated by 500 brand name companies. With over 39 years of experience in the outlet industry, Tanger is a publicly-traded REIT. The company generates revenue through leasing retail space to brand name companies, providing a platform for these companies to sell their products directly to consumers in a high-traffic, open-air shopping environment.
