How Is Tanger Dealing With the Retail Apocalypse?
Tanger Factory Outlet Centers (NYSE: SKT) is unique among real estate investment trusts (REIT) in that it is the only one focused exclusively on outlet centers. Investors don't appear too pleased with this niche approach today, with the stock down 26% since the start of the year and the yield up to around 10%. Management is telling investors that it's working through the headwinds -- store closings and retailer bankruptcies -- and that it's just a matter of time until things get better.
But will the old playbook be enough to deal with the so-called "retail apocalypse"?
Looking at the metrics, Tanger has been holding up reasonably well as online shopping slices an increasing share of the retail pie.
Source Fool.com
