Short answer

TANGER INC. (SKT) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $551M (+10.7% year over year).

Top risk flagged: Cybersecurity risk oversight by Audit Committee with quarterly reporting on initiatives, incidents, and regulatory compliance

FY2025 key financial metrics · XBRL

Source: XBRL data from the TANGER INC. (SKT) FY2025 10-K on SEC EDGAR. USD.

AI summary of each section, grounded in the filing text

Core business model: Fully-integrated REIT owning and managing outlet and other open-air retail centers in US and Canada, totaling 14.0 million sq ft across 31 outlet and 3 lifestyle centers
New emphasis: Expansion into open-air lifestyle centers with acquisitions in Huntsville AL, Little Rock AR, and Cleveland OH since 2023
Strategic shift: Growing non-traditional tenant mix including food, beverage and entertainment to boost shopper engagement and visit frequency
Notable metric: 98% portfolio occupancy with over 2,600 stores and 700+ brands in consolidated centers as of Dec 31, 2025
Unique fact: In 2025, acquired a 640,000 sq ft mixed-use center in Cleveland for $167M and a 690,000 sq ft outlet center in Kansas City for $130M

Revenue $550.9M in 2025, up $53.4M YoY driven by higher rents and acquisitions
Net income $119.5M in 2025, up $16.7M YoY; no explicit margin % provided
Best segment: Rental revenues increased $53.4M; worst: property operating expenses up $17.8M, impacting profitability
Capex $90.2M in 2025; expect $120M in 2026 for renovations and redevelopments; repurchased shares $20M in Jan 2026
Management expects sufficient liquidity for 2026 capex; key risks include REIT qualification and capital availability for acquisitions

Cybersecurity risk oversight by Audit Committee with quarterly reporting on initiatives, incidents, and regulatory compliance
No material cybersecurity incidents to date, but ongoing risk from emerging technologies like generative AI and machine learning
SVP Technology leads advanced system audits and incident response involving CEO, CFO, COO, General Counsel, Chief Accounting Officer
Board-level escalation protocol for cybersecurity incidents affecting financial condition, reputation, litigation, or regulatory impact

Generated from the filing text; verify against the original. How to read a 10-K

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