Tanger Inc. Reports Q3 2026 Earnings Growth with Increased FFO and Raised Guidance
Tanger Inc. (SKT) reported strong third-quarter 2026 financial results, highlighted by a 6.7% year-over-year increase in core Funds From Operations (FFO) to $0.64 per share. The company's same-center net operating income (NOI) rose 4.2% to $108.4 million, driven by higher base rents and tenant expense reimbursements. Occupancy levels improved to 97.3%, reflecting robust demand for the company's open-air retail centers. Reflecting strong year-to-date performance, management raised its full-year core FFO guidance to a range of $2.49 to $2.53 per share. The company also demonstrated healthy leasing dynamics, reporting re-tenanted rent spreads of 28.6% and nearly five years of positive blended rent spreads. Additionally, Tanger increased its quarterly dividend by 7% to $0.3125 per share.
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Topics: Core FFO Guidance Raise Occupancy Rates Rent Spreads Same-Center NOI