secwatch.observer — SEC 8-K summary
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Issuer:     TANGER INC. (SKT)
CIK:        0000899715
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000899715-25-000103
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tanger Q1 net income $0.17/sh down YoY; Core FFO $0.53/sh up, includes $4.2M impairment
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- Net income available to common shareholders $19.0M ($0.17 per share) vs $22.2M ($0.20) in Q1 2024.
- Core FFO $62.7M ($0.53 per share) vs $60.1M ($0.52) prior year, a 1.9% per-share increase.
- Includes non-cash impairment of $4.2M ($0.04/sh) on the Howell, MI center sold in April 2025.
- Management cites strong tenant demand, positive leasing spreads, and a low-leverage balance sheet with ample liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899715/000089971525000103/0000899715-25-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899715/000089971525000103/skt-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000899715-25-000103

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