Tanger Factory Outlet posted improvements in its occupancy, rent spreads and sales in its third quarter. Those improvements, Steven Tanger, executive chair of the board said during the REIT's earnings call, contributed to earnings, which exceeded the REIT's expectations.
"Our proactive capital market success has also positioned us well with low leverage, ample liquidity and exciting potential growth opportunities," he explained. "I'm proud of the tireless efforts of the entire Tanger team who are successfully delivering our strategic objectives."
Also on the call was Stephen Yalof, director, president and CEO of the firm, who pointed out that the company has demonstrated momentum across its portfolio. "The successful execution of our strategic plan is evident across all of our key metrics, including occupancy, rent spreads, tenant sales and our focus on driving non-rental revenues, all of which continue to contribute to core FFO growth," he said.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
