Earnings Call Summary | Tanger(SKT.US) Q1 2024 Earnings Conference
Earnings Call Summary | Tanger(SKT.US) Q1 2024 Earnings Conference
The following is a summary of the Tanger Factory Outlet Centers, Inc. (SKT) Q1 2024 Earnings Call Transcript:
以下是丹吉爾工廠直銷中心有限公司（SKT）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
In Q1, Tanger Factory Outlet Centers Inc. experienced 5.2% growth in same center net operating income (NOI) and a 13% rise in core funds from operations (FFO).
Tanger's strong financial position is demonstrated by its low leverage, fixed rate balance sheet, minimal debt maturities until late 2026, and ample free cash flow.
The company's net debt to adjusted EBITDA ratio was 5.7 times at pro rata share for trailing 12 months, ending in March 2024.
Full-year FFO guidance has been raised, predicting a 4%-8% YoY growth, and same center NOI growth expectations have also been raised.
Tanger experienced a 13% rent spread increase in Q1, maintained a high portfolio occupancy rate, and increased the dividend per share.
在第一季度，丹吉爾工廠直銷中心公司的同中心淨營業收入（NOI）增長了5.2％，運營核心資金（FFO）增長了13％。
丹吉爾強勁的財務狀況體現在其低槓桿率、固定利率資產負債表、2026年底之前的最低債務到期日以及充足的自由現金流上。
截至2024年3月，該公司的淨負債與調整後的息稅折舊攤銷前利潤比率爲過去12個月的5.7倍。
全年FFO指引已經上調，預計同比增長4％-8％，同樣的中心NOI增長預期也有所提高。
丹吉爾在第一季度租金利差增長了13％，保持了較高的投資組合入住率，並增加了每股股息。
Business Progress:
業務進展：
Leased more than 2.3 million square feet of gross leasable area in Q1, representing almost 20% of the total portfolio.
The company is improving its portfolio by re-tenanting and right-sizing stores.
Tanger is looking for additional acquisition opportunities given its strong balance sheet and operational expertise.
Outlet strategy is being employed to address excess inventory; pop-up strategy is allowing retailers to sell through stock.
The leasing program is expanding to include non-traditional outlet brands, and strategic partnerships are used for ancillary revenue.
Plans are in place to increase center footprints through phase 2 developments and use peripheral lands for expansion.
The company is exploring other tenant sectors, notably health and beauty, and family apparel.
第一季度租賃了超過230萬平方英尺的總可租賃面積，佔總投資組合的近20％。
該公司正在通過重新租用門店和調整門店規模來改善其產品組合。
鑑於其強大的資產負債表和運營專業知識，丹吉爾正在尋找更多的收購機會。
正在採用奧特萊斯策略來解決庫存過剩問題；彈出式策略允許零售商通過庫存進行銷售。
租賃計劃正在擴大到包括非傳統直銷品牌，戰略合作伙伴關係用於輔助收入。
計劃通過第二階段的開發增加中心佔地面積，並使用外圍土地進行擴建。
該公司正在探索其他租戶領域，尤其是健康和美容以及家庭服裝。
More details: Tanger IR
更多詳情： 丹吉爾紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。