Tanger Files 2025 Annual Report to Security Holders

Ticker: SKT · Form: ARS · Filed: Mar 26, 2026 · CIK: 0000899715

Tanger Inc. ARS Filing Summary
FieldDetail
CompanyTanger Inc. (SKT)
Form TypeARS
Filed DateMar 26, 2026
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$473, $350, $370, $330, $376
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: annual-report, financial-reporting, transparency

TL;DR

**Tanger just dropped its 2025 annual report, giving investors the full financial picture.**

AI Summary

Tanger Inc. (SKT) filed its Annual Report to Security Holders (ARS) on March 26, 2026, for the fiscal year ending December 31, 2025. This filing, identified by SEC Accession No. 0001628280-26-021254, provides shareholders with a comprehensive overview of the company's financial performance and operational activities for the past year. This matters to investors because the ARS contains the audited financial statements and management's discussion and analysis, which are crucial for evaluating Tanger's profitability, liquidity, and future prospects, directly impacting investment decisions.

Why It Matters

This filing provides investors with the official, audited financial results and strategic insights for Tanger's 2025 fiscal year, essential for assessing the company's health and future outlook.

Risk Assessment

Risk Level: low — This is a routine annual filing providing transparency, not indicating any immediate new risks.

Analyst Insight

An investor should review the full ARS document, particularly the financial statements and management's discussion, to understand Tanger's performance for the fiscal year ending December 31, 2025, before making any investment decisions.

Key Numbers

  • 2025-12-31 — Period of Report (Indicates the fiscal year-end covered by the annual report.)
  • 2026-03-26 — Filing Date (The date the annual report was officially submitted to the SEC.)
  • 171 — Number of Documents (The total number of individual files included in this SEC filing, indicating its comprehensive nature.)

Key Players & Entities

  • TANGER INC. (company) — Filer of the Annual Report to Security Holders
  • 0000899715 (company) — Central Index Key (CIK) for Tanger Inc.
  • 0001628280-26-021254 (dollar_amount) — SEC Accession Number for the filing
  • 2026-03-26 (date) — Filing Date and Effectiveness Date of the ARS
  • 2025-12-31 (date) — Period of Report for the ARS

Forward-Looking Statements

  • Investors will analyze the financial statements within the ARS to assess Tanger's 2025 profitability and liquidity. (TANGER INC.) — high confidence, target: 2026-04-30
  • Analyst reports will be published summarizing key findings from Tanger's 2025 annual report. (TANGER INC.) — medium confidence, target: 2026-04-15

FAQ

What is the purpose of the ARS filing by Tanger Inc.?

The ARS, or Annual Report to Security Holders, is a document filed by Tanger Inc. (CIK 0000899715) to provide its shareholders with a comprehensive overview of the company's financial performance and operational activities for the fiscal year ending December 31, 2025.

When was Tanger Inc.'s ARS filing accepted by the SEC?

Tanger Inc.'s ARS filing (SEC Accession No. 0001628280-26-021254) was accepted by the SEC on March 26, 2026, at 08:52:41.

What fiscal period does this specific ARS filing cover?

This ARS filing by Tanger Inc. covers the period of report ending December 31, 2025.

How many documents are included in this ARS filing?

This ARS filing (SEC Accession No. 0001628280-26-021254) includes 171 documents, with the main report being 'skt2025annualreport.htm'.

What is the SEC Accession Number for this Tanger Inc. ARS filing?

The SEC Accession Number for this specific Tanger Inc. ARS filing is 0001628280-26-021254.

Filing Stats: 4,503 words · 18 min read · ~15 pages · Grade level 14.6 · Accepted 2026-03-26 08:52:41

Key Financial Figures

  • $473 — Leadership 98% Occupancy 41 Properties $473 Sales per Square Foot Tanger Nashville
  • $350 — ns of, any non-GAAP financial measures. $350 $370 $330 $376 $361 ($ in millions) Con
  • $370 — , any non-GAAP financial measures. $350 $370 $330 $376 $361 ($ in millions) Consolid
  • $330 — non-GAAP financial measures. $350 $370 $330 $376 $361 ($ in millions) Consolidated
  • $376 — GAAP financial measures. $350 $370 $330 $376 $361 ($ in millions) Consolidated Same
  • $361 — financial measures. $350 $370 $330 $376 $361 ($ in millions) Consolidated Same Cente
  • $2.00 — Delivering strong 2025 performance $-- $2.00 $1.00 $2.13 $0.88 $0.99 $2.33 2025 ($ p
  • $1.00 — ering strong 2025 performance $-- $2.00 $1.00 $2.13 $0.88 $0.99 $2.33 2025 ($ per sha
  • $2.13 — strong 2025 performance $-- $2.00 $1.00 $2.13 $0.88 $0.99 $2.33 2025 ($ per share) 20
  • $0.88 — 2025 performance $-- $2.00 $1.00 $2.13 $0.88 $0.99 $2.33 2025 ($ per share) 2024 Net
  • $0.99 — performance $-- $2.00 $1.00 $2.13 $0.88 $0.99 $2.33 2025 ($ per share) 2024 Net Incom
  • $2.33 — mance $-- $2.00 $1.00 $2.13 $0.88 $0.99 $2.33 2025 ($ per share) 2024 Net Income Core
  • $581,562 — HE YEAR 2025 2024 CHANGE Total revenues $581,562 $526,063 11% Net income available to co
  • $526,063 — 025 2024 CHANGE Total revenues $581,562 $526,063 11% Net income available to common shar
  • $113,904 — income available to common shareholders $113,904 $97,675 17% FFO available to common sha

Filing Documents

From the Filing

skt2025annualreport Annual Report 2025 Tanger Kansas City at Legends Our Mission We create shopping destinations that entertain, inspire, and bring our communities together. Our Vision To lead the evolution of shopping. Our Values Integrity. Inclusion. Innovation. We're mission driven Tanger Outlets NashvilleTanger Inc. S D C O N E K S O KN M I A M N M E Q C W I I L I N K Y V A M A W V U T I D O R N D M T F L G A N C N Y N H S C M D D E R I L A M O O N T N A L M S N J C T O H A Z T X P A M I A R Riverhead Foxwoods Tilton Atlantic City Rehoboth Beach Toronto Ottawa Grand Rapids Deer Park Columbus Hershey Pittsburgh D.C. Asheville Huntsville Myrtle Beach Savannah Charleston Hilton Head Daytona Beach Palm Beach Baton Rouge Foley Memphis SeviervilleNashville Atlanta Houston Branson Fort Worth San Marcos Phoenix Little Rock Cleveland Kansas City Outlet Center Open-Air Lifestyle Center Strategic Partnership Open-Air Retail Portfolio in Dynamic Markets Mebane Charlotte Commerce V T Except as noted, metrics are presented for Tanger's total portfolio as of 12/31/2025 and include one managed center and three open-air lifestyle centers. Occupancy and Sales per Square Foot are presented for Tanger's owned portfolio, including a pro rata share of unconsolidated joint ventures. Sales per Square Foot is for the full-year 2025 period. Square Feet 16M+ 22 U.S. States & Canada 3,000+ StoresBrand Partners 800+ 140M+ Annual Visitors 45 Years of Retail Leadership 98% Occupancy 41 Properties $473 Sales per Square Foot Tanger Nashville Corporate Headquarters 2025 Annual Report 1 2 Tanger Inc. LETTER TO SHAREHOLDERS Stephen Yalof President & Chief Executive OfficerDear Shareholders, When I joined Mr. Tanger here in 2020, we began implementing a new strategy for the company. That strategy has transformed the Tanger platform into an engine for sustained growth, fueling our strong performance in 2025 and positioning the company for continued momentum in the years ahead. Since 2020, Tanger shares have significantly outperformed the REIT industry and the broader market, providing investors a 313% total shareholder return. Today, Tanger embodies a well-rounded, high-quality shopping, dining, and entertainment experience that attracts new retailers and shoppers alike. Our portfolio is positioned in thriving markets, where ongoing population migration is driving traffic and demand for the services, dining, and entertainment we've added. As a result, our centers are now seven-day-a-week shopping destinations that generate strong leasing interest, high foot traffic, and robust growth in net operating income ("NOI"). Record leasing volume 2025 was a banner year for the Tanger Leasing team, with more than 3 million square feet leased across our total portfolio—our highest annual production on record. Retailers believe in the value that our open-air outlet and lifestyle centers can deliver for them. High demand enabled us to deliver positive rent spreads and extend lease terms throughout the year, growing portfolio occupancy to 98% at year-end. This strong leasing activity is fueling our ability to advance strategic merchandising initiatives across our portfolio and bring more productive, in-demand brands and a variety of new uses to our centers. New and expanding brands and more Bridge Street Town Centre | Huntsville, AL 2025 Annual Report 3 Merchandising through strategy Our merchandising strategy is yielding impressive results. We ended the year with average sales per square foot of $473—up nearly 7% from the prior year, reflecting strong tenant sales productivity across our portfolio. New consumer audiences—including Gen Z and Alpha shoppers, who increasingly influence spending decisions—are engaging with our centers as we add the modern, relevant brands they want. We're increasing the utility of our real estate through peripheral land activation and expanded food, beverage, and entertainment uses. By elevating the dining and entertainment experience at our centers, we're attracting additional premium brands and creating the variety and vibrancy that today's shoppers demand and reward, with more frequent visits, longer stays, and larger sales volumes. 4 Tanger Inc. We've created destinations shoppers want, and we're driving them into our centers using innovative, dynamic marketing strategies that resonate in today's distraction- rich environment. Our marketing team delivered high- impact campaigns in 2025 that drove measurable results in traffic, retailer sales, and new customer acquisition. In May 2025, we introduced Tanger Deal Days, a fresh seasonal sale series that drives urgency by promoting our retailers' best deals of the season to a broader customer audience. We also successfully accelerated purchases during highly competitive shopping seasons with our "Every Day is Black Friday" and "Summer of Savings" (early back-to-school) campaigns. Through compelling marketing initiatives like these and targeted digital, social, an

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