Investing.com - Tanger Factory (NYSE:SKT) Outlet Centers reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tanger Factory Outlet Centers announced earnings per share of $0.22 on revenue of $105.6M. Analysts polled by Investing.com anticipated EPS of $0.17 on revenue of $105.36M.
Tanger Factory Outlet Centers shares are up 17.79% from the beginning of the year, still down 20.30% from its 52 week high of $22.51 set on November 5, 2021.
Tanger Factory Outlet Centers shares gained 0.84% in after-hours trade following the report.
Tanger Factory Outlet Centers follows other major Real Estate sector earnings this month
Tanger Factory Outlet Centers's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on October 27 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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