Tanger raised its full-year diluted EPS guidance after reporting higher second quarter 2026 revenue, net income, and earnings per share compared to the same period a year earlier. The company's shares have returned 28.48% over the past year, with a year-to-date gain of 18.73%, though recent weekly trading has softened. A popular valuation narrative among investors pegs Tanger's fair value at $41.09, slightly above the last close of $39.31, implying the stock is about 4.3% undervalued. That narrative is supported by population migration into Sunbelt and tourist-heavy regions, which is boosting foot traffic, rent growth, and occupancy at Tanger's outlet centers. Risks to the story include weaker tenant demand or a faster shift toward e-commerce that could pressure rental income.
Tanger Factory Outlet Centers IncRaised full-year diluted EPS guidance after higher Q2 revenue, net income, and EPS.
