Tanger Factory Outlet Centers
Tanger Factory Outlet Centers
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Type | Public company |
|---|---|
| Traded as | NYSE: SKT S&P 400 Index component |
| Industry | Real estate investment trust |
| Founded | 1981 (1981) |
| Founder | Stanley Tanger |
| Headquarters | Greensboro, North Carolina |
Key people | Steven B. Tanger, (CEO) Thomas J. Reddin, Chairman James F. Williams, CFO |
| Products | Shopping centers |
| Revenue |  $0.488 billion (2017) |
Net income |  $0.071 billion (2017) |
| Total assets | $2.540 billion (2017) |
| Total equity | $0.612 billion (2017) |
Number of employees | 287 (2018) |
| Website | www.tangeroutlet.com |
Footnotes / references [1] | |
Tanger Outlets in Deer Park, New York
Tanger Factory Outlet Center in Kittery, Maine
Tanger Outlets tower in San Marcos, Texas
Tanger Factory Outlet Centers, Inc. (/ˈtæŋər/ TANG-ər); is a real estate investment trust headquartered in Greensboro, North Carolina that invests in shopping centers containing outlet stores.
As of December 31, 2017, the company owned 36 shopping centers comprising 12.9 million square feet and over 2,600 stores.[1]
The company's largest tenants are Gap, Ascena Retail Group, Nike, Inc., PVH, H&M, Ralph Lauren Corporation, and VF Corporation.[1]
Notable properties owned by the company include Tanger Outlets The Walk, Tanger Outlets Southaven (Memphis), Tanger Outlets Pittsburgh and Tanger Outlets Foxwoods.
History[edit]
In 1981, Stanley Tanger opened the Burlington Manufacturer's Outlet Center in Burlington, North Carolina.[2]
In May 1993, the company incorporated as a real estate investment trust and became a public company via an initial public offering.[3]
In April 1998, the company acquired Dalton Factory Stores in Dalton, Georgia for $17 million.[4]
In September 2002, the company acquired a property in Howell, Michigan for $37.5 million.[5]
In November 2002, the company sold a property in Bourne, Massachusetts for $3.4 million.[6]
In June 2004, the company sold 2 properties in New Hampshire for $7 million.[7]
In January 2009, Steven B. Tanger, the son of the founder and the namesake of the Steven Tanger Center for the Performing Arts, became president and CEO of the company.[2]
In October 2010, the founder died.[2]
In January 2011, the company announced a 50/50 joint venture with RioCan Real Estate Investment Trust to develop outlet malls in Canada.[8]
In June 2011, the company formed a joint venture with Simon Property Group to develop a shopping center south of Houston, Texas.[9]
In October 2015, the company sold 5 shopping centers for $150.7 million.[10]
References[edit]
^ abc "Tanger Factory Outlet Centers, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}
^ abc "Photo Release -- Tanger Outlet Centers Mourns the Passing of Their Founder, Stanley K. Tanger" (Press release). Globe Newswire. October 24, 2010.
^ "Tanger Outlets Commemorates the 20th Anniversary of Its Initial Public Offering" (Press release). PR Newswire. May 28, 2013.
^ "Tanger acquires Dalton Factory Stores". American City Business Journals. April 2, 1998.
^ "Tanger buys Detroit-area shopping center". American City Business Journals. September 11, 2002.
^ "Tanger sells property for $3.4M". American City Business Journals. November 27, 2002.
^ "Tanger sells properties in New Hampshire for $7M". American City Business Journals. June 8, 2004.
^ "RioCan Real Estate Investment Trust and Tanger Factory Outlet Centers, Inc. Announce Joint Venture Agreement to Develop Outlet Mall Concepts in Canada" (Press release). Globe Newswire. January 24, 2011.
^ "Tanger Outlet Centers and Simon Property Group Announce a Joint Venture to Develop a Tanger Outlet Center South of Houston, Texas" (Press release). PR Newswire. June 30, 2011.
^ "Tanger Closes on the Sale of Five Non-Core Outlet Centers" (Press release). PR Newswire. October 5, 2015.
External links[edit]
 | Wikimedia Commons has media related to Tanger Outlets. |
- Business data for Tanger Factory Outlet Centers, Inc.: Google Finance
- Yahoo! Finance
- Bloomberg
- Reuters
- SEC filings
- Business data for Tanger Factory Outlet Centers, Inc.: Google Finance
Categories:
- 1981 establishments in North Carolina
- American companies established in 1981
- Companies based in Greensboro, North Carolina
- Companies listed on the New York Stock Exchange
- Real estate companies of the United States
- Real estate investment trusts of the United States
- Shopping malls established in 1981
- Shopping property management firms
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