Tanger Inc. (NYSE: SKT) is a real estate investment trust that owns and operates outlet and open-air retail destinations in the United States and Canada. Revenue comes primarily from tenant leases, with rental income generated by licensing space to retail tenants across its portfolio of outlet centers. Tanger is structured as a fully integrated, self-administered, and self-managed REIT, operating through its subsidiary Tanger Properties Limited Partnership. The company was formerly known as Tanger Factory Outlet Centers, Inc. before changing its legal name on November 16, 2023. It is incorporated in North Carolina and listed on the New York Stock Exchange. The operating partnership holds and manages the underlying real estate assets. As of the FY2025 10-K filed February 26, 2026, Tanger operates outlet and open-air retail centers across the United States and Canada, leasing space to brand-name and specialty retailers seeking off-price and outlet distribution channels.

Revenue model

Rental income from tenant leases at outlet and open-air retail centers. Tanger leases space to retailers under terms typical of commercial REIT structures, generating base rent plus percentage rents and recovery of operating expenses.

Products and services

Outlet and open-air retail real estate. Tanger owns and operates shopping destinations where brand-name retailers sell merchandise, typically at discount or outlet prices, to end consumers.

Customers and end markets

Tenants are retail brands and specialty retailers occupying space in Tanger outlet centers. End consumers are shoppers seeking brand-name goods at outlet prices. The company operates in the United States and Canada.

Value-chain role

Property owner and operator. Tanger sits between retail brands seeking off-price distribution real estate and consumers shopping at outlet centers. It provides the physical retail infrastructure and manages center operations.

Geographic exposure

United States and Canada, as disclosed in the FY2025 10-K filed February 26, 2026.

Source: SEC 10-K, filed 2026-02-26

Industry: Real Estate Investment Trusts Peers: Acadia Realty Trust Alexander's Inc Site Centers Corp Getty Realty Corp Inventrust Properties Corp MACERICH CO RETAIL OPPORTUNITY INVESTMENTS CORP Netstreit Corp Realty Income Corp Urban Edge Properties