Tanger (SKT) Operating Income (2009 - 2018)
Tanger (SKT) posted quarterly Operating Income of -$8.8 million for Q3 2018, down 121.16% year-over-year from $41.4 million in Q3 2017, and down 123.0% quarter-over-quarter from $38.1 million in Q2 2018.
Tanger (SKT) Operating Income (2009 - 2018) Analysis & Trends
Tanger (SKT) has reported Operating Income for 10 consecutive years, with -$8.8 million the latest figure, recorded in Q3 2018.
- In Q3 2018, Operating Income fell 121.16% year-over-year to -$8.8 million; the TTM figure through Sep 2018 stood at $110.0 million (down 29.21% YoY), while the FY2017 annual figure was $160.7 million, up 6.24% from the prior year.
- Operating Income slipped to -$8.8 million in Q3 2018 per SKT's latest filing, from $38.1 million in the prior quarter.
- Across five years, Operating Income topped out at $43.6 million in Q4 2017 and bottomed at -$8.8 million in Q3 2018.
- Historically, Operating Income has averaged $34.5 million across 5 years, with a median of $37.1 million in 2018.
- Annual changes were most pronounced in 2015 — Operating Income grew 15.98% — and 2018, when it sank 121.16%.
- Tanger's Operating Income stood at $35.6 million in 2014, then increased by 7.6% to $38.3 million in 2015, then dropped by 0.07% to $38.3 million in 2016, then advanced by 13.95% to $43.6 million in 2017, then sank by 120.09% to -$8.8 million in 2018.
- Business Quant data shows SKT's Operating Income at -$8.8 million in Q3 2018, $38.1 million in Q2 2018, and $37.1 million in Q1 2018.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 71.66 Bn | 71.66 Bn | 1.76 Bn | 890.67 Mn |
| 2 | Realty Income | 57.60 Bn | 57.60 Bn | - | - |
| 3 | Kimco Realty | 16.10 Bn | 16.10 Bn | 455.67 Mn | 196.14 Mn |
| 4 | Federal Realty Investment Trust | 10.06 Bn | 10.06 Bn | 271.22 Mn | 138.66 Mn |
| 5 | Agree Realty | 8.80 Bn | 8.78 Bn | - | 95.31 Mn |
| 6 | Nnn Reit | 8.64 Bn | 8.64 Bn | - | 151.38 Mn |
| 7 | Macerich | 6.73 Bn | 6.73 Bn | 171.77 Mn | -105.66 Mn |
| 8 | Essential Properties Realty Trust | 6.51 Bn | 6.51 Bn | - | 104.42 Mn |
| 9 | Kite Realty Group Trust | 5.29 Bn | 5.29 Bn | - | - |
| 10 | Tanger | 4.41 Bn | 4.41 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2018 | -8.76 Mn |
| Jun 30, 2018 | 38.07 Mn |
| Mar 31, 2018 | 37.08 Mn |
| Dec 31, 2017 | 43.60 Mn |
| Sep 30, 2017 | 41.38 Mn |
| Jun 30, 2017 | 38.09 Mn |
| Mar 31, 2017 | 37.65 Mn |
| Dec 31, 2016 | 38.26 Mn |
| Sep 30, 2016 | 39.88 Mn |
| Jun 30, 2016 | 38.34 Mn |
| Mar 31, 2016 | 34.80 Mn |
| Dec 31, 2015 | 38.29 Mn |
| Sep 30, 2015 | 36.38 Mn |
| Jun 30, 2015 | 36.89 Mn |
| Mar 31, 2015 | 32.90 Mn |
| Dec 31, 2014 | 35.59 Mn |
| Sep 30, 2014 | 35.28 Mn |
| Jun 30, 2014 | 32.63 Mn |
| Mar 31, 2014 | 28.37 Mn |
| Dec 31, 2013 | 35.92 Mn |