Tanger Inc. delivered strong third quarter results, highlighted by a record leasing volume and a robust 11% increase in core FFO, prompting an upward revision of full-year guidance.

• Core FFO rose to $0.60 per share, up 11% year-over-year, benefiting from solid same-center NOI growth of 4%.
• Achieved record leasing activity with over 600 transactions, contributing to a portfolio occupancy rate of 97.4%, an increase of 80 basis points.
• Enhanced external growth strategy with the acquisition of Legends Outlets in Kansas City, adding to a portfolio of 6 new centers in 2 years.
• Ten consecutive quarters of positive rent spreads, with blended rent spreads exceeding 10% and increased lease term durations.
• Strategic marketing initiatives, including an early back-to-school campaign and a partnership with Unrivaled Sports, have driven high customer engagement and foot traffic.