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)

643

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

Director & Chief Executive Officer

Senior Vice President of Finance-Treasurer & Assistant Secretary

President & Chief Operating Officer

Executive Vice President & Chief Financial Officer

Executive Vice President, General Counsel & Secretary

Senior Vice President, Marketing & Chief Marketing Officer

Vice President, Chief Accounting Officer & Controller

Director, Public Relations & Corporate Communications

Executive Vice President Leasing

Senior Vice President, Construction & Development

Board of Directors

Co-Founder at Peaceable Street Capital LLC

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

Co-Founder at Square Mile Capital Management LLC

Former President at Ford Foundation

Managing Partner at Red Dog Ventures LLC

Former President & Chief Executive Officer at Ecolab, Inc.

Senior Adviser at Promontory Financial Group LLC

Director at Tanger Factory Outlet Centers Inc.

Former Chief Executive Officer at Victorias Secret Direct, LLC

Former Managing Director at Stifel, Nicolaus & Co., Inc.

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Owners & Shareholders
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Kestrel Investment Management Corp. is a value manager that focuses on investments in the stocks of companies that are undergoing voluntary restructurings. The firm's investment selection process is based on the use of cash flow and financial screens. Kestrel typically holds individual portfolio investments for 18 months to 3 years. They do not diversify solely to achieve industry or sector representation. Kestrel avoids stock market timing and macroeconomic forecasting, relying instead on identifying unrecognized microeconomic trends and misperceived factors. Kestrel seeks to remain fully-invested.

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Granite Investment Advisors is a long-term, value-oriented investor. They manage large/mid-cap and tax-aware equities as well as balanced and fixed-income portfolios, all with a focus on value. The firm's strategies focus on asset allocation, security selection and market timing. They look for companies: (1) that exhibit strong and increasing amounts of free cash flow and improving operating leverage (2) have a solid business strategy for the deployment of free cash flow (3) have effective management whose goals align with shareholder interests and (4) have a catalyst that will produce change and result in increased earnings.

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EDMP is a value investment manager that seeks to invest in great companies that are trading at or below their true worth. The firm's investment approach is based on the idea that earnings determine market price. In general, EDMP tends to invest in the stocks of US large-cap companies in the technology services, electronic technology health technology and retail sectors. The firm maintains a medium turnover rate.EDMP's investment process begins with a universe of several thousand companies that are screened through various criteria and are placed on a review list. Companies on the review list must meet most of the following (1) have an A rating or better (2) are industry leaders (3) have a minimum of 5 years and preferably 10 years of 15% to 20% earnings per share growth (4) have a history of dividend increases (5) have $100 million or more in sales (6) be located in the US (7) have a market value greater than $1 billion and (8) have a consensus forecast of 15% to 20% future earnings growth. Companies that meet these criteria are then extensively reviewed before any decision is made.

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 Common Stock

Legal Advisor

Advised onTanger Factory Outlet Centers Inc. issued Common Stock

Underwriter

Advised onTanger Factory Outlet Centers Inc. issued 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 Common Stock

Advisors & Consultants
Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Chair, Benefits & Compensation Practice at Latham & Watkins LLP

Clients

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.

PVH Corp. ("PVH") has grown exponentially from its 1881 roots of selling and mending shirts for miners in Pottsville, PA and its 1920's introduction of the Van Heusen soft-folding collar to become a global company with revenues of over $5.5 billion by successfully growing brands globally through a strategic combination of wholesale, retail and licensing operations throughout North America, Europe and Asia. Our brands include Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW and Bass. In addition, we license brands for dress shirts and neckwear offered in the U.S. and Canada. In less than a decade, PVH has experienced a tremendous amount of change that has redefined the identity, culture, performance and potential of the Company - first with the successful acquisition of Calvin Klein in 2003 and then with the addition of Tommy Hilfiger in 2010. Through these transformative acquisitions, we have secured our position as one of the largest global apparel companies, with a diversified portfolio of iconic lifestyle and apparel brands, led by Calvin Klein and Tommy Hilfiger. The Calvin Klein and Tommy Hilfiger brands together represent over 75% of the Company's profits and are expected to drive future revenue and profitability growth

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.

Key Stats and Financials As of 2018
Market Capitalization
$1.59B
Total Enterprise Value
$3.62B
Earnings Per Share
$0.45
Revenue
$499M
Enterprise Value Sales
7.25x
TEVNet Income
85.19x
Debt TEV
0.47x
Total Debt
$1.71B
Total Equity
$506M
Net Profit
$42.4M
EBITDAMargin
58.97%
Enterprise Value EBITDAOperating
12.29x
EBITDA
$294M
Three Year Compounded Annual Growth Rate Of Revenue
4.16%
Five Year Compounded Annual Growth Rate Of Revenue
5.31%
Non-Profit Donations & Grants
Suppliers
EML Payments Ltd. Consumer Finance | Brisbane, QL

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 self-administered and self-managed real estate investment trust. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. The company engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. It operates through the following segments: shopping centers and loan investments. DDR was founded in 1965 and is headquartered in Beachwood, OH.

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