Tanger Factory Outlet Centers Inc (SKT) - Net Assets
Based on the latest financial reports, Tanger Factory Outlet Centers Inc (SKT) has net assets worth $697.78 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.83 Billion) and total liabilities ($2.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore SKT total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $697.78 Million |
| % of Total Assets | 24.62% |
| Annual Growth Rate | 5.08% |
| 5-Year Change | 47.08% |
| 10-Year Change | 4.2% |
| Growth Volatility | 52.2 |
Tanger Factory Outlet Centers Inc - Net Assets Trend (1993–2025)
This chart illustrates how Tanger Factory Outlet Centers Inc's net assets have evolved over time, based on quarterly financial data. Check SKT intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Tanger Factory Outlet Centers Inc (1993–2025)
The table below shows the annual net assets of Tanger Factory Outlet Centers Inc from 1993 to 2025. For live valuation and market cap data, see market value of Tanger Factory Outlet Centers Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $735.10 Million | +8.16% |
| 2024-12-31 | $679.67 Million | +14.94% |
| 2023-12-31 | $591.31 Million | +15.06% |
| 2022-12-31 | $513.93 Million | +2.83% |
| 2021-12-31 | $499.79 Million | +39.26% |
| 2020-12-31 | $358.88 Million | -21.32% |
| 2019-12-31 | $456.11 Million | -9.78% |
| 2018-12-31 | $505.54 Million | -17.44% |
| 2017-12-31 | $612.30 Million | -13.20% |
| 2016-12-31 | $705.44 Million | +16.40% |
| 2015-12-31 | $606.03 Million | +15.68% |
| 2014-12-31 | $523.89 Million | -6.92% |
| 2013-12-31 | $562.83 Million | +9.53% |
| 2012-12-31 | $513.88 Million | -2.75% |
| 2011-12-31 | $528.43 Million | +25.25% |
| 2010-12-31 | $421.89 Million | -19.03% |
| 2009-12-31 | $521.06 Million | +102.45% |
| 2008-12-31 | $257.38 Million | -9.03% |
| 2007-12-31 | $282.94 Million | -9.81% |
| 2006-12-31 | $313.70 Million | +4.71% |
| 2005-12-31 | $299.58 Million | -28.57% |
| 2004-12-31 | $419.43 Million | -1.25% |
| 2003-12-31 | $424.75 Million | +271.72% |
| 2002-12-31 | $114.27 Million | +16.74% |
| 2001-12-31 | $97.88 Million | -17.04% |
| 2000-12-31 | $117.97 Million | -16.36% |
| 1999-12-31 | $141.05 Million | -5.56% |
| 1998-12-31 | $149.36 Million | -6.95% |
| 1997-12-31 | $160.53 Million | +17.81% |
| 1996-12-31 | $136.26 Million | -4.31% |
| 1995-12-31 | $142.40 Million | -3.46% |
| 1994-12-31 | $147.50 Million | -2.12% |
| 1993-12-31 | $150.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tanger Factory Outlet Centers Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 52793900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.15 Million | 0.16% |
| Other Comprehensive Income | $-28.35 Million | -4.01% |
| Other Components | $1.26 Billion | 178.76% |
| Total Equity | $706.48 Million | 100.00% |
Tanger Factory Outlet Centers Inc Competitors by Market Cap
The table below lists competitors of Tanger Factory Outlet Centers Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vietnam Rubber Group Ltd
VN:GVR
|
$4.18 Billion |
|
JB Chemicals & Pharmaceuticals Limited
NSE:JBCHEPHARM
|
$4.18 Billion |
|
SiteOne Landscape Supply Inc
NYSE:SITE
|
$4.18 Billion |
|
Silgan Holdings Inc
NYSE:SLGN
|
$4.18 Billion |
|
INTERCORP FIN.SERV. O.N.
F:9IFA
|
$4.18 Billion |
|
Pepkor Holdings Ltd
JSE:PPH
|
$4.17 Billion |
|
Warrior Met Coal Inc
NYSE:HCC
|
$4.17 Billion |
|
Patanjali Foods Limited
NSE:PATANJALI
|
$4.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tanger Factory Outlet Centers Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 652,370,000 to 706,483,000, a change of 54,113,000 (8.3%).
- Net income of 114,776,000 contributed positively to equity growth.
- Dividend payments of 132,200,000 reduced retained earnings.
- Share repurchases of 69,320,000 reduced equity.
- New share issuances of 68,886,000 increased equity.
- Other comprehensive income decreased equity by 662,000.
- Other factors increased equity by 72,633,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $114.78 Million | +16.25% |
| Dividends Paid | $132.20 Million | -18.71% |
| Share Repurchases | $69.32 Million | -9.81% |
| Share Issuances | $68.89 Million | +9.75% |
| Other Comprehensive Income | $-662.00K | -0.09% |
| Other Changes | $72.63 Million | +10.28% |
| Total Change | $- | 8.29% |
Book Value vs Market Value Analysis
This analysis compares Tanger Factory Outlet Centers Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.59x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 5.86x to 6.59x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $6.94 | $40.66 | x |
| 1994-12-31 | $5.38 | $40.66 | x |
| 1995-12-31 | $4.56 | $40.66 | x |
| 1996-12-31 | $3.37 | $40.66 | x |
| 1997-12-31 | $4.11 | $40.66 | x |
| 1998-12-31 | $3.56 | $40.66 | x |
| 1999-12-31 | $3.42 | $40.66 | x |
| 2000-12-31 | $2.83 | $40.66 | x |
| 2001-12-31 | $2.40 | $40.66 | x |
| 2002-12-31 | $2.65 | $40.66 | x |
| 2003-12-31 | $3.84 | $40.66 | x |
| 2004-12-31 | $2.97 | $40.66 | x |
| 2005-12-31 | $4.40 | $40.66 | x |
| 2006-12-31 | $4.44 | $40.66 | x |
| 2007-12-31 | $4.47 | $40.66 | x |
| 2008-12-31 | $3.65 | $40.66 | x |
| 2009-12-31 | $6.42 | $40.66 | x |
| 2010-12-31 | $4.56 | $40.66 | x |
| 2011-12-31 | $5.47 | $40.66 | x |
| 2012-12-31 | $5.21 | $40.66 | x |
| 2013-12-31 | $5.59 | $40.66 | x |
| 2014-12-31 | $5.29 | $40.66 | x |
| 2015-12-31 | $6.40 | $40.66 | x |
| 2016-12-31 | $7.40 | $40.66 | x |
| 2017-12-31 | $6.48 | $40.66 | x |
| 2018-12-31 | $5.42 | $40.66 | x |
| 2019-12-31 | $4.91 | $40.66 | x |
| 2020-12-31 | $3.87 | $40.66 | x |
| 2021-12-31 | $4.90 | $40.66 | x |
| 2022-12-31 | $4.87 | $40.66 | x |
| 2023-12-31 | $5.32 | $40.66 | x |
| 2024-12-31 | $5.87 | $40.66 | x |
| 2025-12-31 | $6.17 | $40.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tanger Factory Outlet Centers Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.25%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.74%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 3.76x
- Recent ROE (16.25%) is above the historical average (11.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 1.26% | 6.27% | 0.17x | 1.21x | $-13.17 Million |
| 1994 | 9.48% | 24.35% | 0.16x | 2.49x | $-620.00K |
| 1995 | 9.76% | 16.33% | 0.22x | 2.74x | $-280.00K |
| 1996 | 10.11% | 14.82% | 0.23x | 3.00x | $125.30K |
| 1997 | 9.39% | 15.04% | 0.20x | 3.04x | $-837.90K |
| 1998 | 10.37% | 12.10% | 0.21x | 4.14x | $423.10K |
| 1999 | 14.46% | 14.99% | 0.21x | 4.55x | $4.81 Million |
| 2000 | 4.74% | 3.96% | 0.22x | 5.36x | $-4.78 Million |
| 2001 | 9.31% | 6.40% | 0.23x | 6.24x | $-525.10K |
| 2002 | 12.14% | 9.73% | 0.24x | 5.27x | $1.94 Million |
| 2003 | 7.67% | 10.53% | 0.12x | 5.90x | $-3.89 Million |
| 2004 | 4.37% | 3.62% | 0.21x | 5.81x | $-9.07 Million |
| 2005 | 2.03% | 2.51% | 0.20x | 4.00x | $-19.93 Million |
| 2006 | 13.58% | 17.62% | 0.20x | 3.79x | $9.84 Million |
| 2007 | 10.10% | 12.49% | 0.22x | 3.75x | $282.30K |
| 2008 | 12.29% | 11.42% | 0.22x | 4.92x | $5.23 Million |
| 2009 | 12.54% | 21.36% | 0.23x | 2.55x | $11.75 Million |
| 2010 | 9.33% | 12.40% | 0.23x | 3.32x | $-2.44 Million |
| 2011 | 9.69% | 14.16% | 0.19x | 3.52x | $-1.42 Million |
| 2012 | 11.03% | 14.91% | 0.21x | 3.47x | $4.97 Million |
| 2013 | 20.40% | 27.94% | 0.19x | 3.82x | $54.83 Million |
| 2014 | 14.90% | 17.68% | 0.20x | 4.22x | $24.33 Million |
| 2015 | 34.85% | 48.07% | 0.19x | 3.84x | $150.60 Million |
| 2016 | 27.46% | 41.59% | 0.18x | 3.58x | $123.20 Million |
| 2017 | 11.11% | 13.93% | 0.19x | 4.15x | $6.77 Million |
| 2018 | -1.20% | -1.23% | 0.21x | 4.72x | $-56.64 Million |
| 2019 | 19.26% | 18.07% | 0.21x | 5.01x | $42.24 Million |
| 2020 | -10.11% | -9.30% | 0.18x | 6.10x | $-72.17 Million |
| 2021 | 1.82% | 2.14% | 0.20x | 4.32x | $-40.86 Million |
| 2022 | 15.97% | 18.54% | 0.20x | 4.32x | $30.67 Million |
| 2023 | 17.49% | 21.35% | 0.20x | 4.10x | $42.47 Million |
| 2024 | 15.11% | 18.74% | 0.22x | 3.65x | $33.36 Million |
| 2025 | 16.25% | 19.74% | 0.22x | 3.76x | $44.13 Million |
Industry Comparison
This section compares Tanger Factory Outlet Centers Inc's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $1,199,266,700
- Average return on equity (ROE) among peers: 4.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tanger Factory Outlet Centers Inc (SKT) | $697.78 Million | 1.26% | 3.06x | $4.18 Billion |
| Agree Realty Corporation (ADC) | $2.53 Billion | 3.62% | 0.54x | $9.20 Billion |
| Acadia Realty Trust (AKR) | $2.05 Billion | -0.44% | 1.01x | $3.00 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.17 Billion | 3.14% | 0.95x | $1.52 Billion |
| Alexanders Inc (ALX) | $253.51 Million | 8.35% | 3.99x | $1.26 Billion |
| Saul Centers Inc (BFS) | $293.21 Million | 9.12% | 3.07x | $835.93 Million |
| Brixmor Property (BRX) | $2.93 Billion | 9.42% | 2.18x | $9.16 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $993.50 Million |
| Curbline Properties Corp. (CURB) | $862.64 Million | 3.60% | 0.07x | $2.95 Billion |
| Essential Properties Realty Trust Inc (EPRT) | $811.04 Million | 1.93% | 0.70x | $6.68 Billion |
| Four Corners Property Trust Inc (FCPT) | $9.00 Million | 0.36% | 0.33x | $2.76 Billion |
About Tanger Factory Outlet Centers Inc
Tanger Inc. is a leading owner and operator of outlet and open-air retail shopping destinations, with over 45 years of expertise in the retail and outlet shopping industries. Tanger portfolio of 38 outlet centers and three open-air lifestyle centers comprises more than 16 million square feet well positioned across tourist destinations and vibrant markets in 22 U.S. states and Canada. A publicly t… Read more