That real estate sector includes nine industries all related to real property ownership. The industries are: general real estate; Real estate services; and seven varieties of real estate investment trusts: diversified, healthcare facilities, hotel & motel, industrial, office, residential, and retail.
Today I’m reviewing a mid-cap real estate investment trust – retail, named Tanger Factory Outlet Centers. Its trading ticker symbol is SKT.
Tanger Factory Outlet Centers Inc owns and operates outlet centers in the United States and Canada. It is a self-administered and self-managed REIT. It also develops, acquires, owns and manages outlet shopping centers.
Headquartered in Greensboro, North Carolina Tanger Outlet Centers operates and owns, or has an ownership interest in, a portfolio of 44 upscale outlet shopping centers.
Tanger’s operating properties are located in 22 states coast to coast and in Canada, totaling approximately 15.3 million square feet leased to over 3,100 stores operated by more than 510 different brand name companies.
The Company has more than 37 years of experience in the outlet industry. Tanger Outlet Centers continue to attract more than 189 million shoppers annually.
I use three key data points to gauge the value of any dividend equity or fund like Tanger Factory Outlet Centers:
(1) Price
(2) Dividends
(3) Returns
Besides those three, four more keys will finally unlock an equity or fund in which to invest.
But those first three primary keys, best tell whether a company has made, is making, and will make money.
SKT Price
Tanger’s price per share was $22.55 at yesterday’s market close. A year ago its price was $23.06 for a price drop of $0.51 per share for the year, that’s a 2% downside.
Assuming Tanger’s price will trade in the range of $20 to $17 next year, Arbor’s recent $22.55 price could improve by $3.00 to $25.55 by late-October, 2019.
