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Since 1995, Rick has been writing for The Motley Fool, where he s a consumer and tech stocks specialist. Yes, that s a long time with more than 20,000 bylines over those 24 years. He s been an analyst for Motley Fool Rule Breakers and a portfolio lead analyst for Motley Fool Supernova since each newsletter service s inception. He earned his BBA and MBA from the University of Miami, and he splits his time living in Miami, Florida and Celebration, Florida.
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We re shopping in the real world again, and
Tanger Factory Outlet Centers (NYSE:SKT) is in the best shape it s been in a long time. The operator of 36 open-air outlet shopping centers is naturally faring better than it was a year ago when we were sheltering in place, stunned into inactivity during the early days of the COVID-19 crisis. However, Tanger is starting to compare favorably to where it was
Author Bio
Tim writes about technology and consumer goods stocks for The Motley Fool. He s a value investor at heart, doing his best to avoid hyped-up nonsense.
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The pandemic isn t over yet, but shoppers at
Tanger Factory Outlet Centers (NYSE:SKT) properties are acting like it is. The outlet center operator s fourth-quarter report was full of good news and signs that the company is on a clear path to recovery.
Tanger suffered during the worst of the pandemic last year as retail stores were shut down due to the pandemic. Tanger allowed tenants to defer some rents, and other rents due will never be collected due to tenant bankruptcies. At the same time, traffic was down even after stores reopened as shoppers avoided brick-and-mortar stores.