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AI brief of an SEC Form 8-K · Tanger Factory Outlet Centers (SKT)

Tanger raises 2024 guidance as second-quarter FFO rises to $0.53 per share from $0.47

Positive Impact 4 of 5 guidance Written later

Tanger reported second-quarter 2024 results and raised its full-year 2024 Core FFO guidance to $2.05 to $2.12 per share from $2.03 to $2.11. Core FFO and FFO per share both rose to $0.53 from $0.47, while diluted net income per share slipped to $0.22 from $0.23. The higher guidance and rising funds from operations point to improved operating results for shareholders.

Key points

  • Q2 2024 total revenues were $129.0 million, compared with $110.6 million in Q2 2023.
  • Q2 2024 diluted net income per share was $0.22, versus $0.23 a year earlier; FFO and Core FFO were $0.53 per share, versus $0.47.
  • Full-year 2024 Core FFO guidance rose to $2.05 to $2.12 per share from $2.03 to $2.11.
  • Board authorized a quarterly cash dividend of $0.275 per share, payable August 15, 2024.

The filing

CompanyTanger Factory Outlet Centers (SKT)
Form8-K, current report
Filed with the SECAug 1, 2024, 4:06 PM ET
Accession number0000899715-24-000115

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.