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I bought shares of this outlet mall REIT during the COVID-19 crash, and it's worked out nicely.
During the initial COVID-19 stock market crash, many stocks plunged, but retail real estate companies were hit harder than most. Since I bought shares of Tanger Factory Outlet Centers (SKT -1.83%) in early 2020, my investment is up by more than 500%, not including dividends. However, I'm not planning to sell anytime soon, and this video explains why it could still be a buy.
*Stock prices used were the morning prices of Jan. 15, 2025. The video was published on Jan. 15, 2025.
Matt Frankel has positions in Tanger and has the following options: short January 2025 $37 calls on Tanger. The Motley Fool recommends Tanger. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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