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Tanger Factory Outlet Centers Inc (SKT) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Tanger Factory Outlet Centers Inc (SKT) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Tanger Factory Outlet Centers Inc owns and operates outlet centers in the United States and Canada. It is a self-administered and self-managed REIT. It also develops, acquires, owns and manages outlet shopping centers. Tanger Factory Outlet Centers Inc has a market cap of $2.01 billion; its shares were traded at around $21.44 with a P/E ratio of 37.60 and P/S ratio of 4.08. The dividend yield of Tanger Factory Outlet Centers Inc stocks is 6.52%. Tanger Factory Outlet Centers Inc had annual average EBITDA growth of 5.00% over the past ten years.


For the last quarter Tanger Factory Outlet Centers Inc reported a revenue of $127.2 million, compared with the revenue of $126.5 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $494.7 million, an increase of 1.3% from last year. For the last five years Tanger Factory Outlet Centers Inc had an average revenue growth rate of 5.2% a year. The Tanger Factory Outlet Centers Inc had a decent operating margin of 32.01%, compared with the operating margin of 32.92% a year before. The 10-year historical median operating margin of Tanger Factory Outlet Centers Inc is 32.05%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, Tanger Factory Outlet Centers Inc has the cash and cash equivalents of $9.08 million, compared with $6.10 million in the previous year. The long term debt was $1.7 billion, compared with $1.8 billion in the previous year. The interest coverage to the debt is 2.4, which is not a favorable level. Tanger Factory Outlet Centers Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $21.44, Tanger Factory Outlet Centers Inc is traded at 43.7% discount to its historical median P/S valuation band of $38.11. The P/S ratio of the stock is 4.08, while the historical median P/S ratio is 7.21. The stock gained 1.87% during the past 12 months.

For the complete 20-year historical financial data of SKT, click here.

This article first appeared on GuruFocus.