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Tanger Factory Outlet Centers Inc (SKT)

SKT on New York Consolidated

40.14USD
26 Aug 2016
Change (% chg)

$-0.38 (-0.94%)
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$40.52
Open
$40.75
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$40.95
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$39.74
Volume
418,613
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698,561
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$42.20
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Latest Key Developments (Source: Significant Developments)

Tanger acquires 100 pct ownership of its outlets located in Georgia Market
Monday, 15 Aug 2016 08:00am EDT 

Tanger Factory Outlet Centers Inc : Contributed $15 million in cash consideration to joint venture with borrowings under its unsecured lines of credit . Tanger acquires 100% ownership of tanger outlets located in the greater savannah, georgia market . Tanger paid a capitalization rate of approximately 5.9% based on a valuation of $197 million for outlet center . Expects transaction to be about neutral to 2016 funds from operations (ffo) per share, excluding acquisition costs .Joint venture is now wholly-owned and will be consolidated in company's financial results as of acquisition date.  Full Article

Tanger prices offering of senior notes due 2026
Monday, 1 Aug 2016 04:57pm EDT 

Tanger Factory Outlet Centers Inc : Tanger prices $250 million 3.125% senior notes due 2026 . Estimated net proceeds from offering, after deducting underwriting discount and offering expenses, expected to be about $246.7 million . Notes will pay interest semi-annually at a rate of 3.125% per annum and mature on September 1, 2026 .Notes were priced at 99.605% of principal amount to yield 3.171% to maturity.  Full Article

Tanger announces public offering of senior notes due 2026
Monday, 1 Aug 2016 09:13am EDT 

Tanger Factory Outlet Centers Inc : Tanger announces public offering of senior notes due 2026 .Intends to use net proceeds from sale of notes to repay a $62.0 million floating rate mortgage loan.  Full Article

Tanger Factory Outlet Centers says Q2 adjusted FFO per share $0.59
Tuesday, 26 Jul 2016 04:20pm EDT 

Tanger Factory Outlet Centers Inc : Sees 2016 diluted ffo per share $2.31 - $2.36 . Fy2016 FFO per share view $2.32 -- Thomson Reuters I/B/E/S . Q2 FFO per share view $0.56 -- Thomson Reuters I/B/E/S . Tanger reports second quarter 2016 results . Q2 adjusted FFO per share $0.59 . Expects 2016 same center noi growth between 3.0% and 3.5% for consolidated portfolio . Sees 2016 diluted net income per share $1.55 - $1.60 . Sees 2016 diluted affo per share $2.32 - $2.37 . Expects 2016 same center noi growth between 3.0% and 3.5% for consolidated portfolio .Tanger factory outlet centers inc qtrly ffo available to common shareholders per share $0.59.  Full Article

Tanger Factory Outlet says owns 100 pct of Tanger Outlets Westgate after acquisition
Friday, 1 Jul 2016 08:44am EDT 

Tanger Factory Outlet Centers Inc : Tanger Factory Outlet says owns 100 pct of Tanger Outlets Westgate after completing acquisition of its partners' ownership interests on June 30 , 2016 . Tanger Factory Outlet Centers Inc says partners received cash consideration of approximately $41.0 million for their 42 pct stake in joint venture . Expects transaction to be modestly accretive to 2016 funds from operations per share . Says deal funded with borrowings under its unsecured lines of credit . Tanger factory outlet Centers Inc says transaction implies a total value of $159.5 million for property . Now owns 100 pct of Tanger Outlets Westgate . Says property is subject to an existing $62.0 million mortgage loan and matures in June 2017 . Is currently evaluating various long-term financing alternatives with objective of extending average term of its debt . Says JV is now wholly-owned and will be consolidated in company's financial results as of acquisition date .Tanger Factory Outlet Centers Inc says financing alternatives, if executed, may be slightly dilutive to 2016 FFO per share.  Full Article

Tanger Factory Outlet Centers Inc increases dividend 14.0%
Thursday, 7 Apr 2016 04:15pm EDT 

Tanger Factory Outlet Centers Inc:Board of Directors approved a 14 pct increase in annual dividend on its common shares from $1.14 per share to $1.30 per share.Board of Directors declared a quarterly dividend of $0.325 per share for the first quarter ended March 31.Cash dividend will be payable on May 13 to holders of record date as on April 29.  Full Article

Tanger Factory Outlet Centers Incsells Fort Myers
Tuesday, 12 Jan 2016 05:23pm EST 

Tanger Factory Outlet Centers Inc:Announced the closing on the sale of Tanger's outlet center located in South Fort Myers, Florida near Sanibel Island to Dahlmann Properties for a total cash sales price of $26.0 million.  Full Article

Tanger declares dividend for fourth quarter 2015
Thursday, 7 Jan 2016 04:15pm EST 

Tanger Factory Outlet Centers Inc:Declared a quarterly dividend of $0.285 per share for the fourth quarter ending December 31, 2015.A cash dividend of $0.285 per share will be payable on February 15, 2016 to holders of record on January 29, 2016.  Full Article

Tanger Declares Special Dividend
Thursday, 10 Dec 2015 04:15pm EST 

Tanger Factory Outlet Centers, Inc:approved a special dividend of $0.21 per share to be paid on January 15, 2016 to holders of record on December 31, 2015.  Full Article

Tanger Factory Outlet Centers Inc gives FY 2015 FFO outlook
Tuesday, 27 Oct 2015 04:20pm EDT 

Tanger Factory Outlet Centers Inc:Estimates FY 2015 diluted net income per share in the range of $2.19 $2.23.Estimates FY 2015 diluted FFO per share in the range of $2.16 $2.20.FY 2015 FFO per share of $2.19 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Tanger acquires 100 pct ownership of its outlets located in Georgia Market

* Contributed $15 million in cash consideration to joint venture with borrowings under its unsecured lines of credit