Tanger (SKT) Operating Expenses (2009 - 2026)
Tanger (SKT) reported Operating Expenses of $46.7 million for Q1 2026, up 11.75% year-over-year from $41.8 million in Q1 2025, and up 117.92% quarter-over-quarter from -$260.8 million in Q4 2025.
Tanger (SKT) Operating Expenses (2009 - 2026) Analysis & Trends
Tanger (SKT) has 18 years of Operating Expenses data on file, last reported at $46.7 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $46.7 million, up 11.75% year-over-year; the trailing twelve-month figure through Mar 2026 was -$74.3 million (down 134.06% YoY), and the FY2025 annual result was $36.9 million, down 76.74% from the prior year.
- Operating Expenses climbed to $46.7 million in Q1 2026 per SKT's latest filing, from -$260.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $96.0 million in Q2 2025 and troughed at -$260.8 million in Q4 2025.
- A 5-year average of $17.3 million and a median of $43.8 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 150.86% in 2024, then slumped 673.56% in 2025.
- A 5-year view of Operating Expenses shows it stood at -$179.3 million in 2022, then jumped by 50.14% to -$89.4 million in 2023, then jumped by 150.86% to $45.5 million in 2024, then tumbled by 673.56% to -$260.8 million in 2025, then soared by 117.92% to $46.7 million in 2026.
- Business Quant data shows SKT's Operating Expenses at $46.7 million in Q1 2026, -$260.8 million in Q4 2025, and $43.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 67.46 Bn | 67.84 Bn | 1.76 Bn | 900.79 Mn |
| 2 | Realty Income | 55.47 Bn | 56.16 Bn | - | 1.24 Bn |
| 3 | Kimco Realty | 16.36 Bn | 16.39 Bn | 447.43 Mn | 364.31 Mn |
| 4 | Regency Centers | 14.49 Bn | 14.61 Bn | - | 73.30 Mn |
| 5 | Federal Realty Investment Trust | 10.47 Bn | 10.54 Bn | 265.49 Mn | 220.41 Mn |
| 6 | Agree Realty | 8.78 Bn | 8.76 Bn | - | 104.48 Mn |
| 7 | Nnn Reit | 8.52 Bn | 8.52 Bn | - | 105.96 Mn |
| 8 | Essential Properties Realty Trust | 6.32 Bn | 6.32 Bn | - | 74.46 Mn |
| 9 | Kite Realty Group Trust | 6.09 Bn | 6.20 Bn | - | 28.87 Mn |
| 10 | Tanger | 4.23 Bn | 4.26 Bn | - | 46.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 46.73 Mn |
| Dec 31, 2025 | -260.79 Mn |
| Sep 30, 2025 | 43.81 Mn |
| Jun 30, 2025 | 95.97 Mn |
| Mar 31, 2025 | 41.82 Mn |
| Dec 31, 2024 | 45.47 Mn |
| Sep 30, 2024 | 40.25 Mn |
| Jun 30, 2024 | 90.54 Mn |
| Mar 31, 2024 | 35.47 Mn |
| Dec 31, 2023 | -89.40 Mn |
| Sep 30, 2023 | 36.76 Mn |
| Jun 30, 2023 | 77.41 Mn |
| Mar 31, 2023 | 76.48 Mn |
| Dec 31, 2022 | -179.30 Mn |
| Sep 30, 2022 | 36.08 Mn |
| Jun 30, 2022 | 78.25 Mn |
| Mar 31, 2022 | 78.47 Mn |
| Dec 31, 2021 | 219.80 Mn |
| Sep 30, 2021 | 78.95 Mn |
| Jun 30, 2021 | 74.68 Mn |