SBRA - Ventas Is In A Class Of Its Own
In the quest for the best moat-worthy REITs, I am continuously analyzing stocks with competitive advantages that are superior to their peers. Sometimes it’s difficult to utilize direct peer analysis, however, as in the case with Tanger Factory Outlet (SKT), the “pure play” outlet center REIT that owns 44 properties in the U.S. and Canada.
Tanger’s closest peers are Mall REITs like Simon Property Group (SPG) and Taubman Centers (TCO), yet there are no direct peers for Tanger because the company does not own enclosed malls with department stores.