Tanger posts stronger first-quarter revenue and raises full-year guidance
Updated
Updated · Bloomberg · Apr 30
Tanger posts stronger first-quarter revenue and raises full-year guidance
3 articles · Updated · Bloomberg · Apr 30
Summary
The Greensboro, North Carolina REIT reported $150.4 million for the quarter ended 31 March, up from $135.4 million a year earlier and above Wall Street's $145.7 million estimate.
The company said robust tenant occupancy and Gen Z shoppers returning to physical stores helped drive the better-than-expected performance.
The results suggest outlet-centre demand remains resilient as Tanger benefits from healthy leasing and renewed in-person shopping traffic.