Tanger: Scotiabank maintains a 'Sector Perform' Rating, The Target Price is $33

Scotiabank maintains 'Sector Perform' rating on Tanger(SKT).

The target price is $33, compare with $38 previously.

[Recent Rating]

Date	Agency	Change	Rating	Rating （previously）	Target Price	Target Price（previously）
2025-04-23	Scotiabank	Maintains	Sector Perform	Sector Perform	$33	$38
2025-03-28	Goldman Sachs	Upgrades	Buy	Neutral	$40	$39

[Recent Earning Results] Tanger posted the Q4 of its 2024 financial results on 2/21/2025, reporting total revenue of USD 526.06 million for the year, up 13.28% from USD 464.41 million year over year, reporting net income of USD 102.76 million for the year, down 1.08% from USD 103.88 million year over year.

[Company Profile] Tanger Inc. and subsidiaries is one of the largest owners and operators of outlet centers in the United States and Canada. The Company is a fully-integrated, self-administered and self-managed real estate investment trust, ("REIT"), which, through its controlling interest in the Operating Partnership, focuses exclusively on developing, acquiring, owning, operating and managing outlet shopping centers. The Company is a North Carolina corporation and the Operating Partnership is a North Carolina partnership, and both were formed in 1993.