SKT

Tanger Inc.

Real Estate · $4.0B market cap

Share price

$35.11

close of Oct 3, 2026

Fair value

$20.87

Sticker Price

Payback Price

$8.35

buy price

Overpriced

SKT is Overpriced: at $35.11 it trades 68% above its fair value of $20.87. Its buy price (Payback Price) is $8.35, 76% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth7.0% a year✗

Equity per share growth0.9% a year✗

Sales growth5.0% a year✗

Free cash flow growth2.5% a year✗

Return on invested capital6.5%✗

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Superinvestors

1 of the investors we track holds SKT. In Q2 2026, 1 added. Who we track

First Eagle Investment Management

First Eagle Investment Management · as of Q2 2026

$10.3M

261,325 shares

Moves in Q2 2026

Added: First Eagle Investment Management

Insider activity

Since Aug 14, 2026: no open-market purchases and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Other filings

CITRIN JEFFREY B

director · 2026-08-14

Award

$24K

About Tanger Inc.

Tanger Inc. (NYSE: SKT) stands as a prominent owner and operator of outlet and open-air retail shopping destinations, leveraging over 43 years of extensive expertise within the retail and outlet sectors. Its expansive portfolio comprises 38 outlet centers, an adjacent managed facility, and an open-air lifestyle complex, collectively encompassing more than 15 million square feet. These properties are strategically…

REIT - Retail