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Tanger vs CBL & Associates Properties: SKT and CBL compared
Tanger is the larger company: $158M of revenue in its latest quarter (Q3 2026) against $149M for CBL & Associates Properties (Q3 2026). Tanger is growing faster (+9% against +7% a year earlier). Tanger is more profitable, with an operating margin of 22.2% against 8.0%.
Where the money goes: SKT and CBL
Tanger (SKT) · Q3 2026
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.
CBL & Associates Properties (CBL) · Q3 2026
CBL & Associates Properties, Q3 2026: revenue $149M (+7% year over year), operating margin 8.0%, net earnings $11.8M. The chart follows the revenue to costs, profit and cash.
| Tanger (SKT) | CBL & Associates Properties (CBL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $158M | $149M |
| Revenue growth, Y/Y | +9% | +7% |
| Operating margin | 22.2% | 8.0% |
| Net earnings | $33.6M | $11.8M |
| Net margin | 21.3% | 7.9% |
| Market value | $4.1B | — |
| Analysts’ mean target | $40.70 | — |
Where the revenue comes from
Tanger
- Rental revenue: $149M (95%)
- Other revenue: $6.3M (4%)
- Management, leasing and other services: $2.3M (1%)
CBL & Associates Properties
- Rental revenues: $144M (97%)
- Other: $3.2M (2%)
- Management, development and leasing fees: $1.6M (1%)
Questions
Which is bigger, Tanger or CBL & Associates Properties?
Tanger is the larger company: $158M of revenue in its latest quarter (Q3 2026) against $149M for CBL & Associates Properties (Q3 2026).
Is Tanger or CBL & Associates Properties growing faster?
Tanger is growing faster (+9% against +7% a year earlier).
Which is more profitable, Tanger or CBL & Associates Properties?
Tanger is more profitable, with an operating margin of 22.2% against 8.0%.
More: Tanger earnings · how Tanger makes money · CBL & Associates Properties earnings · how CBL & Associates Properties makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Nov 4, 2026; 8-K filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.