TANGER INC.

Tanger Inc. (NYSE: SKT) operates as one of the leading owners and operators of outlet and open-air retail destinations across the United States and Canada. The company's website is www.tanger.inc. Tanger is a fully integrated, self-administered and self-managed real estate investment trust that develops, acquires, owns, operates and manages retail centers through its controlling interest in Tanger Properties Limited Partnership.

As of December 31, 2025, Tanger's consolidated portfolio comprised 31 outlet centers and three open-air lifestyle centers totaling approximately 14.0 million square feet of gross leasable area. The portfolio achieved 98% occupancy and housed over 2,600 stores representing more than 700 store brands. The company also maintained partial ownership interests in six unconsolidated centers totaling approximately 2.1 million square feet, including two centers in Canada, plus one managed center of approximately 457,000 square feet. Each center except one joint venture property features the Tanger brand name.

Tanger's tenant base is highly diversified, with no single tenant accounting for more than 7% of leasable square feet or 6% of combined base and percentage rental revenues. The company's centers offer shoppers a curated mix of retailers specializing in apparel, footwear, accessories, athletic wear, athleisure, home furnishings, health and beauty, and digitally-native brands, complemented by food, beverage, and entertainment options.

The company's business strategy focuses on increasing net operating income at existing centers through optimized leasing and operational efficiencies, expanding and renovating properties to maintain market leadership, selectively acquiring retail real estate, and developing new centers in untapped or underserved markets. Tanger's competitive advantages include long-standing relationships with major retail brands, extensive expertise in outlet and open-air retail formats, strong development capabilities, and a seasoned management team with diverse expertise.

As of December 31, 2025, Tanger employed 407 full-time and 70 part-time employees across 37 business offices. The company maintains a conservative capital strategy emphasizing leverage management, debt maturity sequencing, interest rate risk management, and liquidity preservation to support long-term shareholder value creation.