Tanger Inc. is a compelling buy due to its diversified real estate portfolio, long-term leases, and potential for rental rate increases. The REIT's strong net operating income growth and low dividend pay-out ratio make it an attractive investment for passive income investors. Despite market volatility, Tanger's high lease expirations in 2025 present an opportunity to lock in higher rents, boosting NOI.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Tanger (SKT) have what it takes?
Tanger's shares have surged, nearing 2010s highs, driven by conservative leverage, inflation benefits, and resilient outdoor real estate amid physical shopping pressures. Despite impressive 98% occupancy, I have concerns about aggressive rent hikes imposed on struggling tenants. Recent acquisitions in Little Rock and Cleveland are expected to boost 2025 FFO, though increased net debt and high expenses warrant cautious optimism.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Tanger (SKT) have what it takes?
Tanger Inc. (NYSE:SKT ) Citi's 30th Annual Global Property CEO Conference March 3, 2025 6:00 AM ET Company Participants Stephen Yalof - President and Chief Executive Officer Michael Bilerman - Executive Vice President, Chief Financial Officer and Chief Investment Officer Conference Call Participants Craig Mailman - Citi Craig Mailman Good afternoon or good morning, everyone. Welcome to Citi's 2025 Global Property CEO Conference.
Tanger (SKT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
It wasn't too long ago when experts were essentially forecasting the death of brick-and-mortar retail, but it now looks like those fears may have been overblown. In this video, longtime Fool.com contributors Matt Frankel, CFP®, and Tyler Crowe take a look at Tanger Factory Outlet Centers' (SKT -0.33%) latest results and why there could be good times ahead.
Many stocks pay dividends, but dividend investors should be picky. Ideally, a reasonable dividend yield should be paired with a long dividend track record, plenty of profits to support the dividend, and decent long-term growth prospects.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Tanger (SKT) have what it takes?
Tanger Inc. (NYSE:SKT ) Q4 2024 Earnings Call February 20, 2025 8:30 AM ET Company Participants Ashley Curtis - Assistant VP of IR Stephen Yalof - President and CEO Michael Bilerman - EVP, CFO, and CIO Justin Stein - EVP, Leasing Leslie Swanson - EVP and COO Conference Call Participants Craig Mailman - Citi Andrew Reale - Bank of America Unidentified Analyst - Evercore ISI Floris van Dijkum - Compass Point Juan Sanabria - BMO Capital Markets Caitlin Burrows - Goldman Sachs Hong Zhang - J.P. Morgan Naishal Shah - Green Street Connor Peaks - Deutsche Bank Greg McGinniss - Scotiabank Todd Thomas - KeyBanc Capital Markets Operator Good morning.
Tanger Inc. is a growth-focused REIT with a low FFO pay-out ratio, benefiting from a strong U.S. economy and consumer confidence. The trust's aggressive pricing strategy and robust demand for retail space led to a 14.4% rent uplift in Q3 2024. Tanger's low dividend pay-out ratio of 51% offers a high margin of safety, making it an attractive option for passive income investors.
During the initial COVID-19 stock market crash, many stocks plunged, but retail real estate companies were hit harder than most. Since I bought shares of Tanger Factory Outlet Centers (SKT 1.03%) in early 2020, my investment is up by more than 500%, not including dividends.