Last Week, Tanger Factory Outlet Centers Inc. celebrated its 25th anniversary as a public company by ringing the Closing Bell at the New York Stock Exchange. Steven B. Tanger, CEO, was joined by fellow team members at the NYSE to commemorate the occasion.
“Yesterday marked a special milestone in our business’ more than 37-year history and I could not be prouder to have celebrated this occasion alongside our over 600 Tanger employees across the country,” said Steven B. Tanger. “Since our initial public offering, our portfolio has seen tremendous growth. We’ve moved from 17 centers with 1.5 million square feet, to 44 properties with 15.3 million square feet, offering fashionable savings to 22 US states and Canada.”
Since the company’s initial public offering, Tanger Outlets has built a proven track record as the only publicly traded REIT focused on the outlet sector. Tanger has increased its dividend every quarter since the IPO and has been a constituent of the distinguish S&P High Yield Dividend Aristocrat Index since January 2014.
The company, headquartered in Greensboro, NC, presently operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers. Tanger’s operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.3 million square feet, leased to over 3,100 stores which are operated by more than 500 different brand name companies.