SKT shows bearish signs regarding its portfolio expansion and its rental income retention.
A potential expansion plan, similar to Simon's should secure a brighter future for the company.
The case for Tanger is reversible, but the recent price drop is justified. However, investors may find profitable opportunities at current prices.
Tanger's (NYSE:SKT) portfolio net operating income is on track to decline in 2019 as the nonstop streak of store closings adds vacancy. Management anticipates 225,000 square feet of stores to close