Tanger (SKT) EBITDA Margin (2009 - 2026)
Tanger (SKT) posted quarterly EBITDA Margin of 33.87% for Q1 2026, up 402.0% year-over-year from 6.75% in Q1 2025, and up 325.51% quarter-over-quarter from 15.02% in Q4 2025.
Tanger (SKT) EBITDA Margin (2009 - 2026) Analysis & Trends
Tanger (SKT) has reported EBITDA Margin for 18 consecutive years, with 33.87% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA Margin rose 402.0% year-over-year to 33.87%; the TTM figure through Mar 2026 stood at 163.64% (up 1912.0% YoY), while the FY2025 annual figure was 170.66%, up 928.0% from the prior year.
- EBITDA Margin rose to 33.87% in Q1 2026 per SKT's latest filing, from 15.02% in the prior quarter.
- Across five years, EBITDA Margin topped out at 37.89% in Q1 2023 and bottomed at 15.02% in Q4 2025.
- Historically, EBITDA Margin has averaged 26.1% across 5 years, with a median of 31.38% in 2025.
- Annual changes were most pronounced in 2022 — EBITDA Margin soared 3165 bps — and 2024, when it plunged 3659 bps.
- Tanger's EBITDA Margin stood at 25.33% in 2022, then fell by 4 bps to 24.43% in 2023, then slumped by 150 bps to 12.16% in 2024, then declined by 24 bps to 15.02% in 2025, then soared by 326 bps to 33.87% in 2026.
- Business Quant data shows SKT's EBITDA Margin at 33.87% in Q1 2026, 15.02% in Q4 2025, and 31.38% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 71.66 Bn | 71.66 Bn | 1.76 Bn | 49.72% |
| 2 | Realty Income | 57.60 Bn | 57.60 Bn | - | 52.67% |
| 3 | Kimco Realty | 16.10 Bn | 16.10 Bn | 455.67 Mn | 35.61% |
| 4 | Federal Realty Investment Trust | 10.06 Bn | 10.06 Bn | 271.22 Mn | 41.30% |
| 5 | Agree Realty | 8.80 Bn | 8.78 Bn | - | 46.47% |
| 6 | Nnn Reit | 8.64 Bn | 8.64 Bn | - | 61.97% |
| 7 | Macerich | 6.73 Bn | 6.73 Bn | 171.77 Mn | -42.31% |
| 8 | Essential Properties Realty Trust | 6.51 Bn | 6.51 Bn | - | 64.50% |
| 9 | Kite Realty Group Trust | 5.29 Bn | 5.29 Bn | - | - |
| 10 | Tanger | 4.41 Bn | 4.41 Bn | - | 33.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 33.87% |
| Dec 31, 2025 | -15.02% |
| Sep 30, 2025 | 31.38% |
| Jun 30, 2025 | 31.77% |
| Mar 31, 2025 | 29.84% |
| Dec 31, 2024 | -12.16% |
| Sep 30, 2024 | 29.41% |
| Jun 30, 2024 | 29.96% |
| Mar 31, 2024 | 33.58% |
| Dec 31, 2023 | 24.43% |
| Sep 30, 2023 | 34.02% |
| Jun 30, 2023 | 32.14% |
| Mar 31, 2023 | 37.89% |
| Dec 31, 2022 | 25.33% |
| Sep 30, 2022 | 31.60% |
| Jun 30, 2022 | 30.32% |
| Mar 31, 2022 | 35.36% |
| Dec 31, 2021 | 13.99% |
| Sep 30, 2021 | -0.04% |
| Jun 30, 2021 | 13.04% |