Tanger Factory reports Q2 core FFO 53c, consensus 52c

Reports Q2 revenue $128.96, consensus $122.22M. “I am pleased to announce another quarter of strong performance and an increase in our full-year guidance,” said CEO Stephen Yalof. “Our team continues to execute on our strategic plan, which is translating into total rent growth including the tenth consecutive quarter of positive leasing spreads. With an elevated shopper experience that includes in-demand retailer brands, a diversified tenant mix, and more food and beverage and experiential destinations, we continue to increase the value and appeal of our open-air centers. Tanger is well positioned to further enhance our portfolio for our shoppers and retail partners. With our strong balance sheet and liquidity, including no significant maturities until late 2026, we have the flexibility to remain opportunistic and continue to unlock embedded value for our stakeholders.”