Tanger

Q2 FY2026 EarningsQ2 FY26 results beat consensus across the top and bottom lines, with revenue of $156.4M exceeding the $142.7M expectation and GAAP EPS of $0.29 surpassing the $0.25 mean estimate. Total revenue grew 11.2% YoY, primarily driven by a 11.1% increase in rental revenue resulting from higher renewal rates and the Toledo acquisition. Portfolio occupancy remained strong at 96.6%, while Same Center NOI grew 3.3% YoY, reflecting healthy demand for the outlet format despite rising interest expenses.