This article was co-produced with Nicholas Ward.
On Monday morning, the biggest news in REITdom was Tanger Factory Outlet Center’s ( SKT) earnings release. We already covered this report in a focus ticker piece – linked here – but here’s a brief summary nonetheless…
In short, Tanger’s Q4/full-year results were pretty solid. It:
- Beat analyst expectations on both the top and bottom lines for the quarter.
- Posted a full-year occupancy rate of 97% (which was a slight improvement from the 96.8% we saw last year).
- Posted its strongest tenant sales productivity since 2015 in