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Home > Company Index > Real Estate > REIT - Retail > Tanger Factory Outlet Centers, Inc.

Tanger Factory Outlet Centers, Inc.
NYSE: SKT
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 PROFILE
If bargain hunting is the national pastime, then Tanger Factory Outlet Centers is the firing range. One of the top outlet mall developers along with Prime Retail and Chelsea Property Group, the company is a real estate investment trust (REIT) that develops, owns, and manages some 30 retail outlet centers in 20 states. A typical center has 75 stores, run by such upscale retailers as Lenox (china), Anne Klein (women's apparel), and Reebok (footwear). Throughout the chain, Tanger plays host to some 250 retailers. Tanger's outlet centers, which maintain about 95% occupancy, are generally built along busy highways, away from malls and shopping districts so tenants don't compete with their own full-price stores.

 COMPETITION
Chelsea Property Group, Inc. (CPG)
Konover Property Trust, Inc. (KPT)
Prime Retail, Inc. (PRT)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 101.80
1-Yr. Sales Growth: (5.8)%
Employees: 153
Revenue per employee: $665,359.48

 KEY PEOPLE
• Stanley K. Tanger
    CEO
• Frank C. Marchisello
    CFO

 CONTACT INFO
3200 Northline Ave., Ste. 360
Greensboro, NC 27408
US
Phone: 336-292-3010
Fax: 336-852-2069
Online: Web Site

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