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Tanger Q1 Core FFO, Revenue Rise; 2026 Guidance Increased

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Tanger (SKT) reported Q1 core funds from operations late Thursday of $0.59 per diluted share, up from $0.53 a year earlier.

Analysts polled by FactSet expected $0.58.

Revenue in the three months ended March 31 rose to $150.4 million from $135.4 million a year earlier.

Analysts surveyed by FactSet expected $142.9 million.

The company raised 2026 FFO guidance to $2.42 to $2.50 per diluted share from $2.41 to $2.49.

Analysts polled by FactSet expect $2.47.

Tanger shares fell 2.3% in after-hours trading.

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