Tanger Q3 rental revenue and net income rise, company lifts 2026 guidance
SKT•Tanger reported Q3 rental revenue of $149.05 million and net income of $33.6 million, both higher year over year, and raised its 2026 net income and FFO-per-share guidance. The company also increased its quarterly dividend 7% from a year earlier.
1. Quarterly results
Tanger said Q3 same-center net operating income rose 4.2% year over year. Rental revenue was $149.05 million and net income attributable to Tanger Inc. was $33.6 million.
2. Raised 2026 outlook
The company raised its 2026 net income-per-share guidance to $1.08-$1.12 from $1.06-$1.13, and its FFO-per-share outlook to $2.49-$2.53 from $2.45-$2.52. Tanger expects 2026 same-center NOI growth of 3.5%-4.25%.
3. Leasing and dividend
Tanger reported blended average rental rate spreads of 11% on leases executed over the past year and said strong retailer demand and limited new supply supported portfolio performance. Its quarterly dividend increased 7% from the prior year.
