Tanger Factory Outlet Centers Is Betting on a Brighter Future

Tanger Factory Outlet Centers Is Betting on a Brighter Future

Tanger Factory Outlet Centers Inc. (NYSE: SKT) announced second-quarter 2017 results on Tuesday after the market closed, highlighting a modest year-over-year increase in average tenant sales and steady funds from operations (FFO). But that wasn't enough to appease the market. With shares of the outlet-mall real estate investment trust (REIT) down nearly 5% today as of this writing, let's take a closer look at how Tanger Factory Outlets capped the first half of the year.

IMAGE SOURCE: TANGER FACTORY OUTLETS.

Q2 2017

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Source: Fool.com