Tanger Lifts 2026 FFO View to $2.45-$2.52 as World Cup Tourism Boosts Q2 Income
Updated
Updated · Quartz · Aug 5
Tanger Lifts 2026 FFO View to $2.45-$2.52 as World Cup Tourism Boosts Q2 Income
3 articles · Updated · Quartz · Aug 5
Summary
$33.0 million in second-quarter net income, or $0.29 a share, topped last year's $29.9 million, while Tanger raised the low end of full-year FFO guidance to $2.45-$2.52 per share.
World Cup travel helped drive that gain: Tanger said centers in 8 of 11 host cities benefited from international and domestic visitors, lifting companywide sales about 5% for the year.
$77.1 million in FFO available to common shareholders, or $0.64 a share, rose from $68.6 million, and average tenant sales per square foot increased to $487 from $465.
Stephen Yalof said athletic brands were standout performers, while higher energy costs and global uncertainty also pushed more Americans toward closer-to-home trips that fed outlet traffic.