Tanger Reports Strong 97.0% Occupancy for Q1, Up Year-Over-Year
SKT sits 29% above its 52-week low of $28.69.
Summary
Tanger Inc. announced its occupancy rate stood at 97.0% as of March 31, 2026. This represents a solid year-over-year improvement from 95.8% on March 31, 2025, indicating healthy demand for its outlet properties. While there was a slight sequential decrease from 98.1% reported on December 31, 2025, the overall high occupancy rate remains a positive operational indicator for the REIT's revenue stability. This key operational update for Q1 2026 provides an early look at performance following the full-year 2025 results detailed in the 10-K filed in February. Investors will now await the full Q1 earnings report for comprehensive financial details, including rental rates and same-center NOI.
At the time of this announcement, SKT was trading at $37.08 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $28.69 to $37.95. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.