Tanger Factory Outlet Centers (SKT) Misses Q4 EPS by 3c
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TANGER REPORTS FOURTH QUARTER AND FULL YEAR RESULTS
February 17, 2022 4:15 PM ESTGREENSBORO, N.C., Feb. 17, 2022 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading owner and operator of upscale open-air outlet centers, today reported financial results and operating metrics for the three months and year ended December 31, 2021.
"We are pleased to report another quarter of strong results, driven by positive traffic and tenant sales and accelerating leasing trends at our open-air centers. Domestic traffic during the quarter exceeded 2019 levels. Tenant sales for the total portfolio reached another all-time high of $468 per square foot, generating significant percentage rental growth. Occupancy grew to... More
