secwatch.observer — SEC 8-K summary
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Issuer:     TANGER INC. (SKT)
CIK:        0000899715
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0000899715-21-000182
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tanger Q3 Core FFO $0.47/sh; tenant sales $448/sq ft, up 13% vs 2019
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- Core FFO of $51.8M ($0.47/sh) vs $42.6M ($0.44) prior year; GAAP net loss includes $33.8M debt extinguishment.
- Occupancy 94.3% at quarter end, up 130 bps sequentially, up 140 bps YoY.
- Tenant sales per sq ft $448, 13% above 2019; percentage rental more than doubled vs 2019.
- Traffic at ~99% of Q3 2019 levels; non-store revenue (paid media/marketing) gaining traction.
- Leverage below 6x net debt/EBITDA target; strong liquidity with undrawn credit lines.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899715/000089971521000182/0000899715-21-000182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899715/000089971521000182/skt-20211101.htm
  HTML page:      https://secwatch.observer/filing/0000899715-21-000182

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer