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

Tanger Q4 FFO rises to $0.54 per share; 2025 FFO guidance set at $2.22 to $2.30

Positive Impact 3 of 5 earnings Written later

Tanger reported fourth-quarter 2024 results with diluted net income of $0.23 per share and FFO of $0.54 per share, both up from the prior-year quarter, and total revenues of $140.7 million, up from $127.5 million. Full-year net income per diluted share fell to $0.88 from $0.92, while full-year FFO rose to $2.12 from $1.96. The company also set 2025 estimated diluted FFO of $2.22 to $2.30 per share and reported a $167.0 million Pinecrest acquisition that closed on February 12, 2025.

Key points

  • Q4 2024 diluted net income was $0.23 per share, or $26.3 million, versus $0.22 per share, or $23.5 million, a year earlier
  • Q4 2024 FFO was $0.54 per share, or $63.3 million, versus $0.52 per share, or $58.2 million, a year earlier
  • 2025 guidance: estimated diluted net income of $0.94 to $1.02 per share and diluted FFO of $2.22 to $2.30 per share
  • Pinecrest in Cleveland, Ohio, was acquired on February 12, 2025 for $167.0 million; the quarterly dividend is $0.275 per share

The filing

CompanyTanger Factory Outlet Centers (SKT)
Form8-K, current report
Filed with the SECFeb 19, 2025, 4:06 PM ET
Accession number0000899715-25-000004

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 February 19, 2025.

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.