secwatch.observer — SEC 8-K summary
======================================

Issuer:     TANGER INC. (SKT)
CIK:        0000899715
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000899715-23-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tanger Q2 FFO $0.47 beats prior year; raises FY guidance; occupancy up 230bps YoY
--------------------------------------------------------------------------------

- Net income $0.23 per share ($23.9M) vs $0.19 ($19.7M) in prior year.
- FFO per share $0.47 ($52.4M) vs $0.45 ($48.8M) prior year; Core FFO same.
- Portfolio occupancy up 70 bps sequentially and 230 bps YoY; 6th consecutive quarter of positive rent spreads.
- Tanger Nashville grand opening Oct 27, 2023 at 95% leased; stabilized yield raised 50 bps.
- Full-year 2023 guidance increased (specifics not detailed in release).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899715/000089971523000125/0000899715-23-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899715/000089971523000125/skt-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000899715-23-000125

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