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Tanger Reports First Quarter Results


Tanger Reports First Quarter Results
Collected 95% of First Quarter Rents
April Domestic Traffic Exceeds 2019
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GREENSBORO, N.C., May 5, 2021 /PRNewswire/  
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading owner and operator of open-air outlet centers, today reported financial results and operating metrics for the first quarter of 2021.
We are pleased that traffic to our domestic open-air centers reached 97% of 2019 levels during the first quarter of 2021, and exceeded 2019 levels in April. These strong results clearly reflect the attraction of our centers, their dominant market locations and the value proposition that we offer to both our retailer partners and shoppers, said Stephen Yalof, President and Chief Executive Officer. As we further evolve Tanger s core strategies – the leasing, operations and marketing of our outlet centers, we are empowering our team as we rebuild occupancy, drive leasing an ....

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Tanger Reinstates Cash Dividend


Tanger Reinstates Cash Dividend
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GREENSBORO, N.C., Jan. 14, 2021 /PRNewswire/  
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading operator of upscale open-air outlet centers, announced today that its Board of Directors declared a cash dividend of $0.1775 per share, payable on February 12, 2021 to common shareholders of record on January 29, 2021.
This dividend declaration reflects Tanger s strong liquidity position, with more than $80 million of cash on hand and $600 million of undrawn lines of credit, and the Board s confidence in our business, as demonstrated by the positive traffic and rent collections trends we recently reported, said Stephen Yalof, President and Chief Executive Officer. ....

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