2024-06-15 01:42:50 ET
Summary
- Tanger Inc. offers strong value for passive income investors with robust same center net operating income growth and high shopping center occupancy.
- The trust has low FFO multiple, positive rental spreads, and upcoming lease expirations that could lead to growth in net operating income and funds from operations.
- Tanger's dividend has increased by 6% in April, with potential for further growth due to re-leasing efforts and strong rental spreads.
Tanger Inc. ( SKT ) is a well-managed retail-focused real estate investment trust that makes a strong value proposition for long-term passive income investors based on robust same center net operating income growth, high occupancy in its shopping center portfolio and upside related to lease expirations....
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Tanger: 4% Yield, Re-Tenanting Upside, Low FFO Multiple