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Tanger Factory Outlet Centers Inc (SKT) Q1 2021 Earnings Call Transcript


Senior Vice President, Investor Relations
Good morning. This is Cyndi Holt, Senior Vice President of Finance and Investor Relations, and I would like to welcome you to the Tanger Factory Outlet Centers First Quarter 2021 Conference call. Yesterday evening, we issued our earnings release as well as our supplemental information package and investor presentation. This information is available on our Investor Relations website, investors.tangeroutlets.com. Please note that, during this conference call, some of management s comments will be forward-looking statements that are subject to numerous risks and uncertainties, and actual results could differ materially from those projected.
We direct you to our filings with the Securities and Exchange Commission for a detailed discussion of these risks and uncertainties. During the call, we will also discuss non-GAAP financial measures as defined by SEC Regulation G, including funds from operations, or FFO; core FFO, same-center net ....

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Tanger Reports First Quarter Results


Tanger Reports First Quarter Results
Collected 95% of First Quarter Rents
April Domestic Traffic Exceeds 2019
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GREENSBORO, N.C., May 5, 2021 /PRNewswire/  
Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a leading owner and operator of open-air outlet centers, today reported financial results and operating metrics for the first quarter of 2021.
We are pleased that traffic to our domestic open-air centers reached 97% of 2019 levels during the first quarter of 2021, and exceeded 2019 levels in April. These strong results clearly reflect the attraction of our centers, their dominant market locations and the value proposition that we offer to both our retailer partners and shoppers, said Stephen Yalof, President and Chief Executive Officer. As we further evolve Tanger s core strategies – the leasing, operations and marketing of our outlet centers, we are empowering our team as we rebuild occupancy, drive leasing an ....

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