This research report was produced by The REIT Forum with assistance from Big Dog Investments.
Tanger Factory Outlet Centers (SKT) is a solid REIT with a great dividend track record.
Source: SKT
Management has been prudent in protecting their balance sheet and keeping leverage low.
Source: SKT
They are very firmly within the investment grade credit rating and have significant excess cash flow even after paying the common dividend.
The bears on SKT must be ignoring a few simple fundamental factors.
SKT fundamentals
If SKT's net operating income is simply flat over