Filing Flows › Comparisons › SKT vs ZARE
Tanger vs Ares Real Estate Income Trust: SKT and ZARE compared
Tanger is the larger company: $158M of revenue in its latest quarter (Q3 2026) against $151M for Ares Real Estate Income Trust (Q2 2026). Ares Real Estate Income Trust is growing faster (+28% against +9% a year earlier). Ares Real Estate Income Trust is more profitable, with an operating margin of 70.2% against 22.2%.
Where the money goes: SKT and ZARE
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.
Ares Real Estate Income Trust (ZARE) · Q2 2026
Ares Real Estate Income Trust, Q2 2026: revenue $151M (+28% year over year), operating margin 70.2%, net loss $26.1M, operating cash flow $189M. The chart follows the revenue to costs, profit and cash.
| Tanger (SKT) | Ares Real Estate Income Trust (ZARE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $158M | $151M |
| Revenue growth, Y/Y | +9% | +28% |
| Operating margin | 22.2% | 70.2% |
| Net earnings | $33.6M | −$26.1M |
| Net margin | 21.3% | -17.3% |
| Operating cash flow | — | $189M |
| Free cash flow | — | $177M |
| 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%)
Questions
Which is bigger, Tanger or Ares Real Estate Income Trust?
Tanger is the larger company: $158M of revenue in its latest quarter (Q3 2026) against $151M for Ares Real Estate Income Trust (Q2 2026).
Is Tanger or Ares Real Estate Income Trust growing faster?
Ares Real Estate Income Trust is growing faster (+28% against +9% a year earlier).
Which is more profitable, Tanger or Ares Real Estate Income Trust?
Ares Real Estate Income Trust is more profitable, with an operating margin of 70.2% against 22.2%.
More: Tanger earnings · how Tanger makes money · Ares Real Estate Income Trust earnings · how Ares Real Estate Income Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Nov 4, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.