Tanger Factory Outlet Centers Inc.

Tanger Factory Outlet Centers Inc.

Tanger Factory Outlet Centers Inc.

Overview
Date Founded

1993

Headquarters

3200 Northline Avenue, Suite 360, Greensboro, NC, 27408, USA

Type of Company

Public

Employees (Worldwide)

636

Industries

Trusts & Funds
Real Estate Investment Trusts

Company Description

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.

Contact Data
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Executives & Employees

Chief Executive Officer & Director

President & Chief Executive Officer

Treasurer, Senior Vice President-Finance & Assistant Secretary

Chief Financial Officer & Executive Vice President

Chief Financial Officer & Executive Vice President

Secretary, Executive Vice President & General Counsel

Senior Vice President & Chief Marketing Officer

Chief Accounting Officer, Vice President & Controller

Senior Vice President-Construction & Development

Senior Vice President of Human Resources

Board of Directors

Chief Executive Officer & Director at Tanger Factory Outlet Centers Inc.

Co-Founder at Peaceable Street Capital LLC

Former President at Ford Foundation

Managing Partner at Red Dog Ventures LLC

Senior Adviser at Promontory Financial Group LLC

Former Senior Vice President & Chief Marketing Officer at Tanger Factory Outlet Centers Inc.

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Owners & Shareholders
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Legion Partners uses deep fundamental analysis to identify companies they believe are significantly undervalued relative to intrinsic value and future opportunity. The firm conducts proprietary research and analysis to determine their investment decisions and the engagement process for each portfolio company. Legion Partners specializes in fundamental research, long-term oriented investing and building productive relationships with portfolio companies. This involves long-term holdings and actively engaging the management and boards of public companies in order to help achieve superior long-term performance.Legion Partners engages a company by focusing the attention of its shareholders, management, and board of directors on factors they believe are contributing to the company's underperformance. In doing so, the firm seeks to increase the company's stock price to align with their of its true long-term value.Legion Partners implements their investment strategy with emphasis on small- and mid-cap companies with no limit on capitalization. The portfolio typically consists of 5 to 15 investments in equity securities of North American companies. Legion Partners has no fixed guidelines for diversification of investments among companies or industries. However, the firm does not invest more than 25% of a client's assets at the time of investment in the securities of a single company or group of affiliated companies except in situations where the client may also have a co-investment.Legion Partners typically purchases securities for a holding period of more than one year (with a target holding period of 2 to 3 years). However, they may sell securities after holding them for less than a year or the target period if, for example: the risk associated with a company changes to a degree that outweighs the expected return; its stock price aligns with Legion Partners' view of its value; if certain holdings need to be liquidated to fund new acquisitions; or for other reasons.

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O'Keefe Stevens Advisory, Inc. is an American private company located in Rochester, NY, that provides investment advice. Peter Shaw O'Keefe is the CEO, in this role since 2017.

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KIM seeks superior long-term returns by selecting stocks primarily from the universe of companies where management has initiated voluntary restructuring(s) because they believe their stock is undervalued. They use signals from management to identify stocks that are undervalued and have the potential for significant appreciation with below market risk. To determine which stocks should be purchased and sold, the firm uses fundamental analysis and quantitative and qualitative screens. KIM uses negative screens to weed out undesirable companies from consideration. They monitor sectors undergoing regulatory change(s) and industries where analysts have historically focused on a single short-term indicator in order to identify these types of opportunities.

Recent Transactions
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Tanger Factory Outlet Centers Inc. purchases Albert Heijn Belgie NV /2 Stores from Royal Ahold Delhaize NV

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Tanger Factory Outlet Centers Inc. purchases Tanger Outlets of Savannah LLC from Ben Carter Enterprises

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Tanger Factory Outlet Centers Inc. purchases Outlets at Westgate LLC

Insider Transactions
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Transaction Advisors
Auditor

Advised onTanger Factory Outlet Centers Inc. issued USD Common Stock

Legal Advisor

Advised onTanger Factory Outlet Centers Inc. issued USD Common Stock

Underwriter

Advised onTanger Factory Outlet Centers Inc. issued USD Common Stock

Legal Advisor

Advised onTanger Factory Outlet Centers Inc. purchases Tanger Outlets of Savannah LLC from Ben Carter Enterprises

Legal Advisor

Advised onTanger Factory Outlet Centers Inc. purchases Tanger Outlets of Savannah LLC from Ben Carter Enterprises

Managing Director

Advised onTanger Factory Outlet Centers Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Chair, Benefits & Compensation Practice at Latham & Watkins LLP

Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Partner at Latham & Watkins LLP

Clients

NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate. The North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America segments refers to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions represents NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment consists of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.

Ralph Lauren Corporation (NYSE: RL) is a leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances. For more than 45 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Collection, Black Label, Blue Label, Lauren by Ralph Lauren, RRL, RLX, Ralph Lauren Childrenswear, Denim & Supply Ralph Lauren, Chaps and Club Monaco, constitute one of the world's most widely recognized families of consumer brands.

L Brands, Inc. engages in the retail of women's intimate and other apparel, personal care, beauty, and home fragrance products. It operates through the following segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. The Victoria's Secret segment sells women's intimate and other apparel, personal care, and beauty products under the Victoria's Secret and PINK brand names. The Bath & Body Works segment offers body care, home fragrance products, soaps, and sanitizers under the Bath & Body Works, White Barn, C.O. Bigelow, and other brand names. The Victoria's Secret and Bath & Body Works International segment includes the Victoria's Secret and Bath & Body Works stores located outside of the U.S. and Canada, as well as the online business in Greater China. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.

Key Stats and Financials As of 2019
Market Capitalization
$608M
Total Enterprise Value
$3.03B
Earnings Per Share
$0.93
Revenue
$481M
Net Profit
$86.5M
EBITDA
$270M
EBITDAMargin
56.07%
Total Debt
$1.66B
Total Equity
$456M
Enterprise Value Sales
6.3x
Enterprise Value EBITDAOperating
10.9x
TEVNet Income
35.07x
Debt TEV
0.55x
Three Year Compounded Annual Growth Rate Of Revenue
0.9%
Five Year Compounded Annual Growth Rate Of Revenue
2.71%
Non-Profit Donations & Grants
Suppliers
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EML Payments Ltd. engages in the provision of payment solutions and financial services. Its operations include funds disbursement, social and welfare payments, loyalty and rewards programs, loan disbursements, corporate expenses, procurement and salary packaging. The company was founded in 2001 and is headquartered in Brisbane, Australia.

Competitors
Federal Realty Investment Trust Trusts & Funds - Rockville, MD

Federal Realty is a proven leader in the ownership, operation, and redevelopment of high quality retail real estate in the country’s best markets. Built upon foundations of opportunity, we take a disciplined approach to every aspect of commercial retail real estate. Whether it's redevelopment, property management, or acquisitions, we make sound, strategic decisions based on solid demographics, broad experience, and stable resources. This has led to a high quality portfolio of assets. We turn commercial real estate into exciting destination retail centers that suit their exceptional locations.

Taubman Centers, Inc. Trusts & Funds - Bloomfield Hills, Michigan

Taubman was founded by A. Alfred Taubman* in 1950 and is known for its focus on dominant retail malls with the highest average sales productivity in the nation. Taubman creates extraordinary retail environments for shoppers, retailers, communities, and investors. Our portfolio of United States regional and super regional malls, located in major markets from coast to coast, is the most productive in the nation, with 2011 sales per square foot averaging $641. Through our Taubman Asia subsidiary, we are extending the company’s unsurpassed retail real estate expertise to international markets. Taubman is headquartered in Bloomfield Hills, Michigan, with our Taubman Asia subsidiary based in Hong Kong. Taubman began trading on the New York Stock Exchange in 1992 (NYSE:TCO) as a Real Estate Investment Trust and has had one of the highest ten-year total returns within the Mall REIT sector

SITE Centers Corp. Trusts & Funds - Beachwood, Ohio

SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company was founded in 1965 and is headquartered in Beachwood, OH.

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