GREENSBORO, N.C.--(BUSINESS WIRE)-- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has acquired The Promenade at Chenal, a 270,000-square-foot upscale, open-air lifestyle shopping center in the growing Sunbelt market of Little Rock, Arkansas. The Promenade at Chenal is Tanger’s first location in Arkansas, and its second full price, open-air lifestyle center, following Tanger’s acquisition of Bridge Street Town Centre in Huntsville, Alabama, late last year. This press release features multimedia. View the full release here: Tanger has acq...
GREENSBORO, N.C.--(BUSINESS WIRE)-- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, has earned additional recognition from national certification programs for taking steps to address climate change and enhance well-being at its centers. With these actions, Tanger now has achieved LEED certification for 20 centers, or 58% of its owned and managed portfolio by gross leasable area. Additionally, Tanger has expanded recognition of its centers as StormReady® and WELL Health-Safety Rated. This press release features multimedia. View the full re...
GREENSBORO, N.C.--(BUSINESS WIRE)-- Tanger® (NYSE:SKT), a leading owner and operator of outlet and open-air retail shopping destinations, today reported financial results and operating metrics for the three and nine months ended September 30, 2024. “I am pleased to announce another quarter of strong performance and an increase in our full-year guidance,” said Stephen Yalof, President and Chief Executive Officer. “Our team remains focused on elevating our shopper experience and attracting in-demand retailer brands and a diversified tenant mix, along with more food and beverage and experiential...
Moody's Ratings (Moody's) today affirmed Tanger Properties Limited Partnership's ("Tanger Properties" or "the REIT") Baa3 senior unsecured rating and changed the outlook to positive from stable. In the same rating action, Tanger Properties' (P)Baa3 senior unsecured shelf rating, (P)Ba1 subordinate ...
GREENSBORO, N.C.--(BUSINESS WIRE)-- Tanger® (NYSE: SKT), a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on November 15, 2024 to common shareholders of record on October 31, 2024. About Tanger® (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center, and one open-air...
A director at Tanger Inc sold 17,900 shares at 30.740USD and the significance rating of the trade was 64/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...
Credit markets are understating credit risk, with a cash bond YTW of 5.144% relative to an Intrinsic YTW of 6.124% and an Intrinsic CDS of 321bps. Meanwhile, Moody's is understating the firm's fundamental credit risk, with its Baa3 credit rating two notches higher than Valens' HY1 (Ba2) credit rating. Earnings Call Forensics™ of the firm's Q2 2022 earnings call (8/9) highlights that management may lack confidence in their ability to drive customer traffic to shopping centers through performance...
Credit markets are materially understating credit risk, with a cash bond YTW of 4.708%, relative to an Intrinsic YTW of 6.508% and an Intrinsic CDS of 364bps. Meanwhile, Moody's is understating the firm's fundamental credit risk, with its Baa3 credit rating two notches higher than Valens' HY1 (Ba2) credit rating Earnings Call Forensics™ of the firm's Q1 2022 earnings call (5/5) highlights that management may lack confidence in their ability to continue acquiring partnership opportunities and ma...
Credit markets are materially understating credit risk, with a cash bond YTW of 3.036%, relative to an Intrinsic YTW of 5.006% and an Intrinsic CDS of 319bps. Meanwhile, Moody's is understating the firm's fundamental credit risk, with its Baa3 credit rating two notches higher than Valens' HY1 (Ba2) credit rating Earnings Call Forensics™ of the firm's Q3 2021 earnings call (11/2) highlights that management may lack confidence in their ability to capitalize on growth opportunities for their holid...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Tanger Properties Limited Partnership. Global Credit Research- 15 Feb 2022. New York, February 15, 2022-- Moody's Investors Service has completed a periodic review of the ratings of Tanger Properties Limited Partnership and other ratings that are associated with the same analytical unit.
Credit markets are materially understating credit risk, with a cash bond YTW of 2.287%, relative to an Intrinsic YTW of 4.117% and an Intrinsic CDS of 288bps. Meanwhile, Moody's is understating the firm's fundamental credit risk, with its Baa3 credit rating two notches higher than Valens' HY1 (Ba2) credit rating. Earnings Call Forensics™ of the firm's Q3 2021 earnings call (11/2) highlights that management may lack confidence in their ability to capitalize on growth opportunities for their holi...
Hillenbrand (HI) has pivoted successfully to roll-up the industrial machinery industry in the past decade, giving the business greater growth potential and opportunities for asset efficiency. Uniform Accounting highlights these efficiency improvements that the market is missing, indicating equity upside. Over the last decade, Hillenbrand has expanded its business from a casket business into the industrial machinery industry, causing Uniform ROA to improve to stable 25%-28% levels. It has acqu...
Tanger Factory Outlet Centers, Inc. (SKT:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 38.0x Uniform P/E. At these levels, the market has somewhat bullish expectations for the firm, but management may have concerns about tenant sales trends, variable-rent deal structures, and lease renewals. Specifically, management may have concerns about the sustainability of improving tenant sales trends, their adoption of variable rent deal structures amid...
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