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Tanger Reports Fourth Quarter and Full Year 2024 Results and Introduces 2025 Guidance

1. Tanger reported improved sales productivity and robust organic growth for 2024. 2. Two new shopping center acquisitions are expected to enhance future performance.

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FAQ

Why Bullish?

The strong sales performance indicates operational strength, which may drive SKT share prices positively, similar to past quarters post-acquisition.

How important is it?

The article discusses SKT's performance and growth strategies, which may have significant implications for investor sentiment and stock valuation.

Why Long Term?

The acquisitions and consistent growth signal a positive trajectory that could sustain impacts beyond the immediate term.

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GREENSBORO, N.C.--(BUSINESS WIRE)--Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the three months and year ended December 31, 2024. “I am pleased to report another quarter of strong performance contributing to a successful year as we saw improved sales productivity and delivered robust organic growth. We acquired two open-air shopping centers, The Promenade at Chenal in Little Rock.

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