Tanger Factory Outlet Centers (SKT) Tops Q4 EPS by 2c; Offers FY21 EPS Guidance Above Consensus

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Tanger Reports Fourth Quarter And Full Year Results

February 17, 2021 4:15 PM EST

GREENSBORO, N.C., Feb. 17, 2021 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading owner and operator of open-air outlet centers, today reported financial results for the three months and year ended December 31, 2020 and operating metrics for the fourth quarter of 2020.

"Our business continues to improve, with the consumer embracing open-air outlet centers as a preferred venue for shopping and entertainment. Traffic was approximately 90% of prior year levels during the fourth quarter and in January, improved to more than 99% for domestic centers. Outlets are an important component... More