SKT Tanger (SKT) Q2 FY26 earnings call
Tanger Inc. reported a strong second quarter, exceeding expectations and leading to a raise in full-year guidance for both Core FFO and same-center NOI. The company's strategic focus on diversifying its tenant mix, leveraging digital marketing, and executing accretive external growth initiatives, such as the Levis Commons acquisition, is driving performance. Despite a slight moderation in occupancy due to proactive Saks Off 5th recaptures, management views these as opportunities for significant rent upside and value creation.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
SKT operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Occupancy rate | 98.1%Occupancy at year-end was 98.1%, a 70 basis point sequential increase, and we delivered another quarter of positive rent spreads and extended lease terms for both renewals and new deals.Source: earnings call transcript | 97%Occupancy ended the quarter at 97%, up 120 basis points year-over-year.Source: earnings call transcript | 96.6%Quarter-end occupancy of 96.6% is in line with a year ago and, as expected, a slight moderation from the first quarter reflecting our proactive recapture of the Saks Off 5th space we discussed last quarter.Source: earnings call transcript | -0.4 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.