| Company Name: | Tanger Factory Outlet Centers, Inc. | | Ticker Symbol: | SKT | | | WWW Address: | www.tangeroutlet.com | | CEO: | Steven B. Tanger | | No. of Employees: | 207 | | Common Issue Type: | RE | | Business Description: | The Company is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning, operating and managing factory outlet shopping centers.
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| | | Industry Information: | REAL ESTATE - REIT - Retail [more like this] |
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| Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 39.32 |  0.31 | 38.32 | 40.14 | 39.25 | 39.44 | 38.98 | 159873 |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 1,584.6 | 40.3 | 0.92 | 0.71 | 1.50 | 25.5 | 3.9 | 41.78 - 24.78 |
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| KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 39.32 | $ | | PE Ratio - LTM | 25.5 | |
| Market Capitalisation | 1,583.7 | mil |
| Latest Shares Outstanding | 40.3 | mil |
| Earnings pS (EPS) | 0.71 | $ |
| Dividend pS (DPS) | 1.50 | ¢ |
| Dividend Yield | 3.9 | % |
| Dividend Payout Ratio | 211 | % |
| Revenue per Employee | 1,189,580 | $ |
| Effective Tax Rate | 0.0 | % |
| Float | 35.7 | mil |
| Float as % of Shares Outstanding | 97.1 | % |
| Foreign Sales | - | |
| Domestic Sales | - | |
| Selling, General & Adm/tive (SG&A) as % of Revenue | - | |
| Research & Devlopment (R&D) as % of Revenue | - | |
| Gross Profit Margin | - | |
| EBITDA Margin | 35.8 | % |
| Pre-Tax Profit Margin | 23.1 | % |
| Assets Turnover | 0.3 | % |
| Return on Assets (ROA) | 5.2 | % |
| Return on Equity (ROE) | 15.8 | % |
| Return on Capital Invested (ROCI) | 6.1 | % |
| Current Ratio | - | |
| Leverage Ratio (Assets/Equity) | 3.0 | |
| Interest Cover | 2.6 | |
| Total Debt/Equity (Gearing Ratio) | 1.39 | |
| LT Debt/Total Capital | 54.0 | % |
| Working Capital pS | - | |
| Cash pS | - | |
| Book-Value pS | 9.71 | $ |
| Tangible Book-Value pS | 9.71 | $ |
| Cash Flow pS | 1.50 | $ |
| Free Cash Flow pS | -0.37 | $ |
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| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 4.05 | |
| Price/Tangible Book Ratio | 4.05 | |
| Price/Cash Flow | 26.3 | |
| Price/Free Cash Flow | -105.1 | |
| P/E as % of Industry Group | 0.0 | % |
| P/E as % of Sector Segment | 17.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 10/08/2009 |
| Dividend Ex-Date | 10/27/2009 |
| Dividend Record Date | 10/29/2009 |
| Dividend Pay Date | 11/12/2009 |
| Dividend Amount | 382 |
| Type of Payment | Cash Payment |
| Dividend Rate | 1.53 |
| Current Dividend Yield | 3.9 |
| 5-Y Average Dividend Yield | 4.1 |
| Payout Ratio | 211.0 |
| 5-Y Average Payout Ratio | 364.0 |
|  | | Share price performance previous 3 years |
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 | | | Share price performance intraday |
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| PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | -0.3 | 98 | 3,831 | 9,161 |
| 4 Weeks | 41.45 | 36.76 | 38.07 | 3.3 | 96 | 4,083 | 73,495 |
| 13 Weeks | 41.78 | 34.14 | 38.18 | 3.0 | 95 | 4,879 | 302,520 |
| 26 Weeks | 41.78 | 28.97 | 32.36 | 21.5 | 101 | 5,520 | 695,579 |
| 52 Weeks | 41.78 | 24.78 | 36.64 | 7.3 | 87 | 7,697 | 1,924,285 |
| YTD | 41.78 | 24.78 | - | 4.5 | 85 | 7,537 | 1,718,503 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 39.50 | 39.78 | 38.06 | 35.21 | 33.90 | 0.92 | 0.85 |
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| GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | 8.21 | 89.5 | 10.73 |
| Income | 39.42 | 59.6 | 9.12 |
| Dividend | 4.35 | 97.0 | 4.33 |
| Capital Spending | 2.11 | NA | 38.14 |
| R&D | 0.00 | NA | 0.00 |
| Normalized Inc. | 44.51 | NA | 33.53 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | 35.6 | 11.0 | 7.0 |
| Earnings % | 150.9 | -61.5 | -1.9 |
| EPS % | 166.7 | -78.6 | -1.4 |
| EPS $ | 0.75 | -0.22 | -0.01 |
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| SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Free Cash Flow Margin | -33.82 |
| Free Cash Flow Margin 5YEAR AVG | -15.27 |
| Cash-Flow pS | 3.12 |
| Free Cash-Flow pS | -2.63 |
| FINANCIAL STRUCTURE RATIOS |
| Financial Leverage Ratio (Assets/Equity) | 4.92 |
| Debt Ratio | 79.67 |
| Total Debt/Equity (Gearing Ratio) | 3.49 |
| LT Debt/Equity | 3.49 |
| LT Debt/Capital Invested | 77.72 |
| LT Debt/Total Liabilities | 88.98 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 18.58 |
| Tobin's Q Ratio | 1.45 |
| Current P/E Ratio - LTM | 25.50 |
| Enterprise Value (EV)/EBITDA | 0.14 |
| Enterprise Value (EV)/Free Cash Flow | 8.64 |
| Dividend Yield | 3.9 |
| Price/Tangible Book Ratio - LTM | 4.05 |
| Price/Book Ratio - LTM | 4.05 |
| Price/Cash Flow Ratio | 26.3 |
| Price/Free Cash Flow Ratio - LTM | -105.1 |
| P/E Ratio (1 month ago) - LTM | 24.0 |
| P/E Ratio (26 weeks ago) - LTM | 22.2 |
| P/E Ratio (52 weeks ago) - LTM | 49.5 |
| 5-Y High P/E Ratio | 187.4 |
| 5-Y Low P/E Ratio | 27.8 |
| 5-Y Average P/E Ratio | 84.9 |
| Current P/E Ratio as % of 5-Y Average P/E | 30 |
| P/E as % of Industry Group | 0.0 |
| P/E as % of Sector Segment | 17.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 25.8 |
| PER SHARE FIGURES |
| Tangible Book Value pS - LTM | 9.71 |
| Book Value pS - LTM | 9.71 |
| Capital Invested pS | 25.41 |
| Cash Flow pS - LTM | 1.50 |
| Free Cash Flow pS - LTM | -0.37 |
| Earnings pS (EPS) | 0.71 |
| | | | OPERATING RATIOS | | PROFITABILITY |
| Return on Equity (ROE) | 18.31 |
| Return on Equity (ROE) - 5YEAR AVRG. | 12.4 |
| Return on Capital Invested (ROCI) | 2.74 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 2.4 |
| Return on Assets (ROA) | 2.50 |
| Return on Assets (ROA) - 5YEAR AVRG. | 2.1 |
| EBIT Margin - LTM | 36.0 |
| EBITDA Margin - LTM | 35.8 |
| Pre-Tax Profit Margin | 16.78 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 16.08 |
| Net Profit Margin | 11.38 |
| Net Profit Margin - 5YEAR AVRG. | 9.86 |
| Effective Tax Rate | 0.00 |
| Effective Tax Rate - 5YEAR AVRG. | 0.00 |
| EFFICIENCY RATIOS |
| Revenue per Employee - LTM | 1,489,531 |
| Net Income per Employee - LTM | 297,990 |
| Assets/Revenue - LTM | 333.33 |
| Assets/Revenue - 5YEAR AVRG. | 474.97 |
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