Tanger , citing sales momentum, recent property acquisitions, and a more diversified tenant mix, reported a strong third quarter, prompting the company to raise guidance for 2025.

“The performance was good across all of our centers,” Stephen Yalof, president and chief executive officer, told WWD. “We have a really strong portfolio today. We have sold off some underperforming centers and the new centers we acquired over the last few years are really contributing.

“We are optimistic about the holiday outlook,” Yalof added.

For the third quarter ended Sept. 30, net income available to common shareholders was 28 cents per share, or $31.8 million, compared to 22 cents per share, or $24.6 million, for the prior-year period.

Funds from operations, or FFO, available to common shareholders was

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