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Tanger (SKT) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to FFO of $0.46 per share a year ago.
Tanger stock price has soared since June 2020. Financially strong companies like Tanger often recover and experience future growth despite initial challenges. Tanger's business model as an outlet mall owner provides flexibility and potential for higher profits compared to traditional malls.
Tanger (SKT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Tanger has seen strong performance in stock price, outperforming the S&P 500 since my last piece. SKT has demonstrated strong momentum in same-store NOI growth and maintains high occupancy. While not a bad value, there are better alternatives on the market, such as Simon Property Group, which trades at a cheaper valuation.
GREENSBORO, N.C., March 11, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its financial results for the quarter ended March 31, 2024 will be released on Tuesday, April 30, 2024 after the market close.
GREENSBORO, N.C. , Feb. 27, 2024 /PRNewswire/ -- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that it will participate in Citi's 2024 Global Property CEO Conference from March 4 through March 6, 2024.
There's a new property sector known as "experiential." As part of my job, it's important to "experience the experiential," which simply means I will play a few hands of blackjack and study diversification. Heck, even Ben Graham knew a thing or two about the game of roulette.
Tanger President and CEO Stephen Yalof joins 'Mad Money' host Jim Cramer to talk expanding to new markets and more.
Tanger President and CEO Stephen Yalof joins 'Mad Money' host Jim Cramer to talk expanding to new markets and more.
Tanger CEO Stephen Yalof told CNBC's Jim Cramer why tenant vacancies help keep business fresh for the the outlet chain.