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Tanger Inc. (SKT): A Bear Case Theory

We came across a bearish thesis on Tanger Inc. (SKT) on Twitter by blondesnmoney. In this article, we will summarize the bears’ thesis on SKT. Tanger Inc. (SKT)'s share was trading at $29.93 as of May 1st. SKT’s trailing and forward P/E were 35.21 and 32.15 respectively according to Yahoo Finance.

[caption id="attachment_1212863" align="aligncenter" width="768"] A REIT Retail company representative discussing the portfolio growth with a tenant.[/caption]

Tanger Inc. (SKT) currently trades at a premium valuation compared to its outlet and mall REIT peers, with a multiple of...