Added to YB: 2025-03-18
Pitch date: 2025-03-15
SKT [bearish]
Tanger Inc.
-8.94%
current return
Author Info
@blondesnmoney (aka cluseau) shares the stocks they are buying on Twitter and their newsletter. Sign up for the newsletter.
Company Info
Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 44 years of expertise in the retail and outlet shopping industries.
Market Cap
$3.9B
Pitch Price
$30.84
Price Target
N/A
Dividend
3.45%
EV/EBITDA
17.85
P/E
36.10
EV/Sales
9.78
Sector
Retail REITs
Category
N/A
Tanger Outlets (SKT) Overvalued? A Strategic Short Against CBL
SKT short: Added short SKT to long CBL position. SKT trades 14x FFO vs CBL sub 4x despite similar properties. SKT's low leverage drives valuation premium. CBL term loan at 95c, added to CLOs, suggesting equity undervalued. Pair trade betting on valuation convergence. 15% of CBL position shorted in SKT.
Read full article (1 min)