Tanger In Partnership With 3 New Branches
One remarkable move executed by Tanger Factory Outlet Centers is the enhancement of its revenues by acquiring 3 more branches for just about $400 million. Tanger presently owns 34 centers, but still feels a little bothered by the growing competition for the cash-aware consumers who continue visit those stores that offer better deals and promos. According to the recent report coming from a research institution known as Green Street Advisors, the newly acquired centers will increase Tanger’s holdings by 12%. Tanger is much more focused in their management and has obtained a stable balance sheet. It is presently yielding a dividend of less than 3%.
Excerpt:
“Tanger Factory Outlet Centers is moving to boost its footprint with the acquisition of three properties for nearly $400 million.”
Original article can be found at:
http://blogs.forbes.com/peterslatin/2011/05/13/tanger-ties-up-three-outlets/
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