Tanger Inc（SKT）资讯与事件SKTTanger Inc

Tanger Introduces Shake Shack as New Dining Option

Tanger (SKT) announced that, as part of its transformation of Tanger Outlets Foley, it has secured Shake Shack (SHAK) as the first of a new roster of elevated food, beverage, and entertainment offerings at the shopping center. Tanger commenced construction earlier this year on a renovation of the more than 500,000-square-foot center to enhance and modernize the shopping experience while preserving its coastal character. As part of the transformation, Tanger plans to allocate approximately 20,000 square feet of dedicated, experiential food and beverage space, with opportunity to feature up to eight new dining concepts, including Shake Shack. The reimagined design will feature expansive patios, walkable dining zones, and thoughtfully integrated gathering spaces that encourage longer visits and create a more social, day-to-night destination for guests.

Tanger Reports Revenue of $148.3M, Exceeding Expectations

Reports revenue $148.3M, consensus $142.73M. "Tanger's strong execution drove another quarter of solid financial and operating performance, demonstrating our differentiated leasing, operating, and marketing platforms and effective financial strategies," said Stephen Yalof, President and Chief Executive Officer. "We continue to introduce sought-after brands, restaurants, and entertainment concepts that resonate with both existing and new shoppers, and we are engaging a wide demographic of customers through curated and enhanced marketing and traffic-driving initiatives across our portfolio. As expected, occupancy moderated during the quarter as we strategically recaptured a number of spaces where we believe we can create greater value. Our proactive approach to merchandising our centers is supported by robust retailer demand in a continued environment of limited new supply, above-average population growth within our markets, and a consolidating department store industry. Our disciplined external growth strategy continued with the accretive acquisition of Levis Commons Town Center, the seventh open-air and fourth lifestyle center added in the past three years. We remain well-positioned to enhance our portfolio, unlock additional value at our centers, and deliver long-term growth for our stakeholders supported by our strong and flexible balance sheet and best-in-class platform."

Tanger Acquires The Town Center at Levis Commons for Approximately $60 Million

Tanger has acquired The Town Center at Levis Commons, a 300,000-square-foot, open-air lifestyle center located in a district in the Perrysburg submarket of Toledo, Ohio. This transaction adds a fourth full-price lifestyle center to Tanger's portfolio, as the company continues to execute its external growth strategy. Tanger acquired The Town Center at Levis Commons for approximately $60 million, using cash on hand and available liquidity. Management expects the center to deliver a first-year return of approximately 8.5 percent, with potential for additional growth over time.