This company has a strong dividend track record and continues to perform. It has a solid balance sheet, and management runs the company conservatively. We believe the company is in the “strong buy” range.
Tanger Factory Outlet Centers (SKT) is a solid REIT with a great dividend track record. Management has been prudent in protecting their balance sheet and keeping leverage low. 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.
Source: Seeking Alpha
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