NYSE: SKT · Retail REITs
Tanger (SKT) fair value: undervalued or overvalued?
As of 3 Oct 2026, Faircurve's model values Tanger (SKT) at $30.77 a share. The stock last closed at $35.11, which puts the model's fair value 12.4% below the price. On the model's bands that reads as Overvalued.
Revalued . Price is the close of 2 Oct 2026. Tanger Inc.
Faircurve Insights · 3 Oct 2026
Tanger Inc. is a prominent owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise within the retail and outlet sectors.
Faircurve's model found a fair value of $30.77 a share for Tanger Inc. on 3 Oct 2026. This fair value blends a cash-flow multiple, a dividend model, and the value of the properties. The previous run on 26 Sep 2026 gave $30.71, so the fair value moved +0.2%. The calibrated range over 63 trading days is $25.67 to $37.30, and ranges built this way held the price 60% of the time at this horizon. The evidence grade is High, based on the dividend record.
The model compares Tanger Inc. with Phillips Edison & Co., Kite Realty Group Trust, Acadia Realty Trust, Urban Edge Properties, Four Corners Property Trust, Inc., and NNN REIT, Inc. Moves around the last 8 earnings reports for Tanger Inc. included -0.5% on 4 Aug 2026, -1.1% on 30 Apr 2026, and +5.6% on 24 Feb 2026. The median size of these moves, ignoring direction, was 4.6%.
Written from the figures on this page for the 3 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give SKT?
The calibrated range for SKT over 63 trading days is $25.67 to $37.30. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own range is $28.13 to $33.69.
How does SKT compare with similar companies?
The companies in retail reits closest to Tanger in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| PECO Phillips Edison & Co. | $37.76 | $31.68 | -16.1% | Overvalued |
| KRG Kite Realty Group Trust | $24.39 | $33.72 | +38.3% | Undervalued |
| CURB Curbline Properties Corp. | $28.27 | $14.10 | -50.1% | Low evidence grade |
| AKR Acadia Realty Trust | $18.63 | $14.71 | -21.0% | Overvalued |
| UE Urban Edge Properties | $19.70 | $19.07 | -3.2% | Fairly valued |
| MAC The Macerich Company | $23.05 | $8.01 | -65.2% | Gap wider than 60% |
| FCPT Four Corners Property Trust, Inc. | $21.55 | $19.16 | -11.1% | Overvalued |
| NNN NNN REIT, Inc. | $40.95 | $42.18 | +3.0% | Fairly valued |
When does SKT report earnings, and how has the stock reacted?
Tanger's next earnings report is scheduled for 3 Nov 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 9.3% in either direction through the nearest expiry, about 48 days out, a window that includes the report. That is the size the market is pricing, not a direction.
How SKT moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 4.6%.
| Report date | Two session move |
|---|---|
| 4 Aug 2026 | -0.5% |
| 30 Apr 2026 | -1.1% |
| 24 Feb 2026 | +5.6% |
| 4 Nov 2025 | +3.4% |
| 4 Aug 2025 | +9.4% |
| 30 Apr 2025 | -5.8% |
| 19 Feb 2025 | +3.5% |
| 6 Nov 2024 | +5.9% |
Tanger at a glance
Tanger Inc. (NYSE: SKT) stands as a prominent owner and operator of outlet and open-air retail shopping destinations, leveraging over 43 years of extensive expertise within the retail and outlet sectors.
- Market value
- $4.0B
- Sector
- Real Estate
- Industry
- Retail REITs
- Beta to the US market
- 0.18
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model values Tanger three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for SKT was $30.71. As of 3 Oct 2026 it is $30.77, a change of +0.2%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Tanger's valuation
Is Tanger stock undervalued or overvalued?
On Faircurve's model, SKT reads as Overvalued as of 3 Oct 2026. The model's fair value is $30.77 a share against a last close of $35.11, a gap of -12.4%.
What is SKT's fair value?
$30.77 a share as of 3 Oct 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $28.13 to $33.69.
What price range does the model give SKT?
$25.67 to $37.30 over 63 trading days. Ranges built this way held the price 60% of the time across 4,809 past valuations, refreshed 3 Oct 2026.
When does Tanger report earnings next?
The next report is scheduled for 3 Nov 2026. Companies can move their dates.
How much has SKT moved on past earnings reports?
Across its last 8 reports the median two session move was 4.6%, ignoring direction. The largest was +9.4% around the report of 4 Aug 2025.
How confident is the model in this valuation?
The model's evidence grade for SKT is high. For real estate investment trusts (REITs) the grade looks at the dividend record: at least three years of paid dividends with no cut. It is not a probability that the fair value is right, or that the price reaches it.