Tanger Inc Declares $0.2925 Quarterly Dividend
Tanger Inc (NYSE: SKT), an outlet center REIT, announced a quarterly cash dividend of $0.2925 per share. The dividend will be paid February 13, 2026 to shareholders of record as of January 30, 2026.
Tanger Inc (NYSE: SKT), a real estate investment trust specializing in outlet shopping centers, declared a quarterly cash dividend of $0.2925 per share. The board authorized the payment in January 2026. Read more dividend announcements.
Shareholders of record on January 30, 2026 will receive the dividend on February 13, 2026. The ex-dividend date was not specified in the announcement.
| Dividend Details | Information |
|---|---|
| Amount | $0.2925 per share |
| Record Date | January 30, 2026 |
| Payment Date | February 13, 2026 |
| Frequency | Quarterly |
Recent Capital Activity
The company recently completed financing transactions that generated net proceeds of approximately $243 million. Tanger used $9 million for capped call transaction costs and repurchased roughly $20 million of common shares.
The remaining proceeds repaid approximately $44 million of outstanding debt under unsecured credit lines. The balance will be used for additional debt repayment and general corporate purposes.
Hedging Strategy
Tanger entered into $75 million of forward-starting interest rate swaps in December 2025 and January 2026. The swaps commenced January 6, 2026 and mature October 1, 2029 to hedge additional borrowings from term loans.
In January 2026, the company added $50 million of forward-starting swaps that will begin January 1, 2027 and mature between December 2028 and September 2030. These address a portion of $175 million in existing swaps expiring January 1, 2027.
2026 Outlook
Management provided full-year 2026 guidance with estimated diluted net income per share ranging from $1.04 to $1.12. After adding back depreciation and amortization of $1.37 per share, estimated funds from operations per share range from $2.41 to $2.49.
The company expects same-center net operating income growth between 2.25% and 4.25% for the total portfolio on a pro rata basis. General and administrative expenses are projected at $80.5 million to $83.5 million.
Net interest expense is forecast at $69.5 million to $72.5 million. Annual recurring capital expenditures, renovations, and second-generation tenant allowances are expected to total $65 million to $75 million.
Weighted average diluted common shares are projected at 115.5 million to 116.5 million for earnings per share calculations and 120 million to 121 million for FFO calculations. The guidance excludes any future acquisitions, property sales, joint venture transactions, or additional financing activity.