Tanger Q2 FFO $0.64 beats $0.58 prior year; raises 2026 guidance

TANGER INC.

Net income $0.29/share ($33.0M) vs $0.26 ($29.9M) prior year; FFO $0.64/share ($77.1M) vs $0.58 ($68.6M).
Core FFO $0.64/share; year-to-date Core FFO $1.23/share vs $1.11 prior year.
Increased 2026 guidance; completed accretive acquisition of Levis Commons Town Center.
Occupancy moderated to 96.0% from 97.0% due to strategic recaptures for value creation.
Portfolio same-center NOI growth driven by strong leasing demand and limited new supply.

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