U.S. consumers are shopping this holiday season despite low confidence levels. Tanger CEO noted strong holiday traffic and retailer discount strategies. In-store shopping generated 73% of sales, suggesting resilience in physical retail. Consumer confidence fell to 89.1, indicating anxiety over high prices. Retailers are optimistic about demand continuing into 2026.
Tanger's diverse portfolio spans 40 properties across 18 states. Same-center NOI growth is projected at 3.25% to 4.75% for 2024. The company maintains a low payout ratio, indicating room for dividend growth. Leasing spreads have increased, signaling strong demand for their properties. Strong liquidity ratios suggest manageable debt levels and financial stability.