Tuesday, March 17, 2020

Buying Tanger factory outlet centers (SKT) @$6.36

Tanger factory outlet is an Investment trust (REIT) that developer, acquire, own, operate and manage factory outlet shopping centers.
This is a family owned business specialising in a relatively new kind of retail - outdoor discount outlets. With Corona virus threatening to close down all retail, I feel like outdoor malls will be the first to open and Tanger will be a beneficiary of it.
The stock is down 75% which is, of course, what sparked my interest. Tanger will not go out of business, the dividend will return, and I'll be holding this REIT with an amazing entry price.

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