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

1. Tanger reported strong Q4 results and organic growth for 2024. 2. Acquisition of The Promenade at Chenal indicates expansion and confidence.

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FAQ

Why Bullish?

Strong quarterly performance often boosts investor sentiment and stock prices. For example, similar strong earnings reports in retail typically lead to price increases.

How important is it?

The article includes essential insights into Tanger's performance, potentially affecting investor decisions. Financial metrics and growth trends are critical indicators for stock performance.

Why Long Term?

Acquisitions and improved metrics signal sustained growth potential, affecting future earnings. Historically, strong acquisitions have provided long-term benefits for retail brands.

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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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