Tanger Factory Outlet CentersNYSE: SKT

Tanger Inc. offers strong value for passive income investors with robust same center net operating income growth and high shopping center occupancy. The trust has low FFO multiple, positive rental spreads, and upcoming lease expirations that could lead to growth in net operating income and funds from operations. Tanger's dividend has increased by 6% in April, with potential for further growth due to re-leasing efforts and strong rental spreads.

Report highlights Tanger's progress toward established goals and continued commitment to a healthier and more sustainable future GREENSBORO, N.C. , May 30, 2024 /PRNewswire/ --  Tanger®  (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has released its 2023 Environmental, Social, and Governance (ESG) Report for the annual period ending December 31, 2023.

In collaboration with ATX Medical Solutions, SKT launches X Caliber in Australia, which has one of the highest rates of pet ownership in the world SKT also inked a commercial contract with MEDIVET Pet Hospital & Clinic to offer X Caliber in Indonesia. SEOUL, South Korea , May 28, 2024 /PRNewswire/ -- SK Telecom (NYSE:SKM, "SKT") today announced that it officially launched its AI-based veterinary X-ray image diagnosis assistance service 'X Caliber' in Australia.

GREENSBORO, N.C. , May 28, 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 Nareit's REITweek 2024 Investor Conference from June 4 through June 6, 2024.

GREENSBORO, N.C. , May 23, 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 June 30, 2024 will be released on Thursday, August 1, 2024 after the market close.

Tanger reported quarterly funds from operations (FFO) of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.51 per share. This is an improvement from the FFO of $0.46 per share reported a year ago.

Tanger's stock price has seen a significant increase since June 2020. Resilient companies like Tanger have the ability to bounce back from obstacles and show potential for growth in the future. Tanger's unique business model as an outlet mall owner allows for greater profitability compared to conventional malls.

Tanger (SKT) is currently considered to be oversold, indicating that the intense selling pressure may have subsided. This, combined with widespread consensus among Wall Street analysts in increasing earnings forecasts, could potentially result in a turnaround 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.