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Tanger (SKT) Q3 2026 earnings results (third quarter 2026)

8-K filed Nov 4, 2026

Tanger (SKT) reported revenue of $158M for the third quarter 2026 (Q3 2026), +9% from a year earlier and +0.9% from the quarter before. Operating margin was 22.2%, net earnings $33.6M (21.3% of revenue).

Revenue$158M
Year over year+9%
Quarter over quarter+0.9%
Operating margin22.2%
Net earnings$33.6M

Tanger, Q3 2026: revenue $158M (+9% year over year), operating margin 22.2%, net earnings $33.6M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$158M+0.9%+9%
Operating profit$35.0M+14%+20%
Net earnings$33.6M+1%+5%

What changed

Revenue was $157.7M in Q3 2026, up 9% year over year and up 1% from the previous quarter. Rental revenue was the largest line at 95% of revenue. Rental revenue added $11.8M year over year (up 9%), 95% of the total change. Management, leasing and other services declined 6%.

Operating profit was $35.0M, a 22.2% margin (up 2.1 points year over year). Of the extra revenue versus Q3 2025, 47% reached operating profit, above the 20% margin then. Total costs grew 6% against revenue growth of 9%. The fastest-growing cost line was General & admin (+10%). Net earnings were $33.6M, up 5% year over year. The effective tax rate was 0.0%.

Questions

What was Tanger's revenue in the third quarter 2026?

Tanger (SKT) reported revenue of $158M for the third quarter 2026 (Q3 2026), +9% from a year earlier and +0.9% from the quarter before.

Was Tanger profitable in the third quarter 2026?

Operating profit was $35.0M (22.2% of revenue) and net earnings $33.6M.

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Source: Tanger 8-K on SEC EDGAR.