The latest announcement is out from Tanger ( (SKT) ).
Tanger, a prominent outlet and retail shopping center operator, reported strong third-quarter results for 2024, achieving its 11th straight quarter of positive rent spreads. The company increased its full-year guidance, underscoring its robust leasing activity and diversified tenant mix. Despite challenges from Hurricanes Helene and Milton, their centers remained resilient, with only minor damages. Tanger’s solid balance sheet and strategic focus on enhancing the shopper experience are driving growth and positioning it well for future opportunities.
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