Tanger Reports Fourth Quarter And Full Year Results

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Tanger Factory Outlet Centers (SKT) Misses Q4 EPS by 35c, Revenues Beat; Offers FY20 EPS Guidance Below Consensus

January 27, 2020 6:02 AM EST

Tanger Factory Outlet Centers (NYSE: SKT) reported Q4 EPS of ($0.13), $0.35 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $120.49 million versus the consensus estimate of $114.53 million.

"Better than anticipated performance in the fourth quarter and throughout 2019 enabled us to surpass our expectations," said Steven B. Tanger, Chief Executive Officer. "With strong leasing execution, we ended the year with... More