Tanger Inc. (SKT) Valuation — DCF, Graham & Comparables

Tanger Inc. (SKT) — Price $34.59 — Real Estate — REIT - Retail — NYSE

Latest reported results:

Valuation dashboard for Tanger Inc. (SKT) with P/E 31.16, P/B 5.87, EV/EBITDA 15.71 and dividend yield 3.50%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Real Estate companies.

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.

Analysis Summary

Tanger Inc. reported revenue of $581.6M in the most recent fiscal year, growing at a 5-year CAGR of 8.3%.

Trailing-twelve-month margins: gross margin 69.5%, operating margin 30.2%, net margin 21.0%.

At the current price of $34.59, SKT trades at a P/E of 31.16 and an ROE of 18.64%. Market capitalisation stands at $4.0B.

Balance sheet quality for SKT: current ratio of 0.3. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio31.16
Price / Book5.87
EV / EBITDA15.71
Dividend Yield3.50%

Valuation Models

DCF Fair Value$45.24
vs Current Price+30.8%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
SKTTanger Inc.$4.0B31.165.8718.6%
PECOPhillips Edison & Co.$4.8B32.831.996.2%
PSAPublic Storage$52.9B27.085.4222.1%
MACThe Macerich Company$6.9B2.23-6.6%
VNOVornado Realty Trust$6.3B1,074.761.071.1%
NHINational Health Investors, Inc.$3.2B18.992.0311.0%
BNLBroadstone Net Lease, Inc.$3.5B24.421.235.0%
RYNRayonier Inc. REIT$2.8B36.830.5421.5%

Price

Price$34.59
Market Cap$4.0B
ExchangeNYSE
CountryUS

Profitability

Return on Equity18.64%
Return on Invested Capital6.72%
Return on Assets4.49%
Gross Margin69.54%
Operating Margin30.20%
Net Margin20.96%

Related companies: BNL · MAC · NHI · PECO · PSA · RYN · SHO

Explore sector: Real Estate · REIT - Retail

More sections of SKT: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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