Tanger posts stronger first-quarter revenue and raises full-year guidance
Updated
Updated · Bloomberg · Apr 30
Tanger posts stronger first-quarter revenue and raises full-year guidance
6 articles · Updated · Bloomberg · Apr 30
The Greensboro, North Carolina REIT reported $150.4 million for the quarter ended 31 March, up from $135.4 million a year earlier and above Wall Street's $145.7 million estimate.
The company said robust tenant occupancy and Gen Z shoppers returning to physical stores helped drive the better-than-expected performance.
The results suggest outlet-centre demand remains resilient as Tanger benefits from healthy leasing and renewed in-person shopping traffic.
Can 'experiential retail' profits outpace rising costs as the Gen Z novelty fades and economic pressures mount?
Beyond marketing, how will Tanger use technology to truly merge its digital and physical shopping experiences?
If outlets are the new 'third space' for Gen Z, how does this reshape the future of suburban community life?