Tanger Reports Q4 Earnings Beat Expectations

The real estate investment trust exceeded Wall Street's funds from operations forecast.

Published on Feb. 24, 2026

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Tanger Inc., a real estate investment trust based in Greensboro, North Carolina, reported fourth-quarter funds from operations of $75.6 million, or 63 cents per share, exceeding the average analyst estimate of 59 cents per share. The company also reported net income of $33.2 million, or 29 cents per share, and revenue of $160.3 million in the period.

Why it matters

Tanger's strong fourth-quarter performance indicates the company's factory outlet malls are continuing to recover from the impacts of the COVID-19 pandemic. As a real estate investment trust, Tanger's funds from operations is a closely watched metric that provides insight into the company's profitability and ability to pay dividends.

The details

Tanger reported funds from operations, a key measure of profitability in the REIT industry, of $75.6 million, or 63 cents per share, in the fourth quarter. This exceeded the average analyst estimate of 59 cents per share. The company also reported net income of $33.2 million, or 29 cents per share, and revenue of $160.3 million in the period.

  • Tanger reported its fourth-quarter 2025 earnings on February 24, 2026.

The players

Tanger Inc.

A real estate investment trust that owns and operates factory outlet malls.

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What’s next

Tanger expects full-year 2026 funds from operations to be in the range of $2.41 to $2.49 per share.

The takeaway

Tanger's strong fourth-quarter performance suggests its factory outlet malls are continuing to recover from the pandemic, providing a positive outlook for the company's future profitability and ability to pay dividends to shareholders.