Workflow
Tanger Factory: 3.5% Yield, Margin Of Safety, Moderate FFO Multiple
SKTTanger Outlets(SKT) Seeking Alpha·2024-09-13 02:03

1 11 8 1999 I 1988 IFTER I Walter Bibikow Tanger Inc. (NYSE:SKT) is a growing shopping center-focused real estate investment trust that produces a very substantial amount of excess dividend coverage and strong core funds from operation from its large-scale property portfolio in North America. Tanger only pays out 50% of its funds from operations and revised its guidance for 2024 core funds from operations upward in the last quarter. In addition, Tanger has strong lease metrics and continues to grow its FFO. ...