By Karen Roman
Tanger Inc. (NYSE: SKT) said second quarter net income available to shareholders was $0.29 per share, or $33 million, compared to $0.26 per share, or $29.9 million the year prior, surpassing analysts’ estimates.
The company announced its updated fiscal outlook for 2026 and now aims at estimated diluted funds from operations per share of $2.45 to $2.52, up from the previous $2.42 to $2.50.
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“Tanger’s strong execution drove another quarter of solid financial and operating performance, demonstrating our differentiated leasing, operating, and marketing platforms and effective financial strategies,” said Stephen Yalof, Tanger’s President and CEO. “We continue to introduce sought-after brands, restaurants, and entertainment concepts that resonate with both existing and new shoppers, and we are engaging a wide demographic of customers through curated and enhanced marketing and traffic-driving initiatives across our portfolio.
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