Tanger (SKT) Operating Leases (2019 - 2026)

Tanger (SKT) reported Operating Leases of $91.2 million for Q1 2026, up 8.36% year-over-year from $84.1 million in Q1 2025, and little changed quarter-over-quarter from $91.6 million in Q4 2025.

Tanger (SKT) Operating Leases (2019 - 2026) Analysis & Trends

Tanger (SKT) has 8 years of Operating Leases data on file, last reported at $91.2 million in Q1 2026.

  • Operating Leases for Q1 2026 came in at $91.2 million, up 8.36% year-over-year; the trailing twelve-month figure through Mar 2026 was $91.2 million (up 8.36% YoY), and the FY2025 annual result was $91.6 million, up 8.37% from the prior year.
  • Operating Leases steadied at $91.2 million in Q1 2026 per SKT's latest filing, from $91.6 million in the prior quarter.
  • Over five years, Operating Leases peaked at $91.6 million in Q4 2025 and troughed at $83.8 million in Q2 2025.
  • A 5-year average of $87.1 million and a median of $86.9 million in 2023 frame the typical range for Operating Leases.
  • On a YoY basis, Operating Leases climbed as much as 8.37% in 2025 and fell as far as 1.93% in 2025.
  • A 5-year view of Operating Leases shows it stood at $87.5 million in 2022, then fell by 1.6% to $86.1 million in 2023, then dropped by 1.86% to $84.5 million in 2024, then gained by 8.37% to $91.6 million in 2025, then declined by 0.43% to $91.2 million in 2026.
  • Business Quant data shows SKT's Operating Leases at $91.2 million in Q1 2026, $91.6 million in Q4 2025, and $90.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Simon Property 69.18 Bn 69.56 Bn 1.76 Bn
2 Realty Income 55.47 Bn 56.16 Bn -
3 Kimco Realty 17.00 Bn 17.03 Bn 447.43 Mn
4 Regency Centers 14.85 Bn 14.97 Bn -
5 Federal Realty Investment Trust 10.68 Bn 10.75 Bn 265.49 Mn
6 Agree Realty 8.92 Bn 8.90 Bn -
7 Nnn Reit 8.68 Bn 8.68 Bn -
8 Essential Properties Realty Trust 6.37 Bn 6.38 Bn -
9 Macerich 6.30 Bn 6.10 Bn 158.29 Mn
10 Tanger 4.50 Bn 4.52 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 91.18 Mn
Dec 31, 2025 91.57 Mn
Sep 30, 2025 90.07 Mn
Jun 30, 2025 83.78 Mn
Mar 31, 2025 84.14 Mn
Dec 31, 2024 84.50 Mn
Sep 30, 2024 85.08 Mn
Jun 30, 2024 85.42 Mn
Mar 31, 2024 85.76 Mn
Dec 31, 2023 86.10 Mn
Sep 30, 2023 86.62 Mn
Jun 30, 2023 86.93 Mn
Mar 31, 2023 87.23 Mn
Dec 31, 2022 87.50 Mn
Sep 30, 2022 88.05 Mn
Jun 30, 2022 88.33 Mn
Mar 31, 2022 88.61 Mn
Dec 31, 2021 88.90 Mn
Sep 30, 2021 89.36 Mn
Jun 30, 2021 89.62 Mn