Tanger Q2 FY26 net income rises 11.06% to $33 million; revenue climbs 11.16% to $156.39 million - SKT News | RalliesTanger Q2 FY26 net income rises 11.06% to $33 million; revenue climbs 11.16% to $156.39 million
S
SKT• Tanger reports higher Q2 net income and revenue
- Tanger posted Q2 net income available to common shareholders of $33 million, or $0.29 per share, up 11.3% year over year.
- FFO available to common shareholders rose 10.3% to $77.1 million, or $0.64 per share.
- Same center NOI increased 3.5% to $106.9 million; occupancy was 96.6%, down 0.4 percentage points from March 31, 2026.
- Acquired Levis Commons Town Center for about $60 million; average tenant sales per square foot climbed to $487 for the 12 months ended June 30.
- Raised 2026 guidance for diluted FFO per share to $2.45-$2.52 from $2.42-$2.50; diluted net income per share outlook is $1.06-$1.13.
•
