Retail plays a huge role in the commercial real estate world, of course, and here at Millionacres, we pay a lot of attention to its place among real estate investment trusts (REITs). Nareit places 30 companies in that category, and as a whole they show striking recovery from the economic effects of COVID-19, posting a year-to-date total return of 35.13% after plunging to -25.18% as a group in 2020.
The outlet REIT's business has rebounded quite well, but could still have more improvement ahead.
During the worst of the COVID-19 pandemic, Tanger Factory Outlet Centers (NYSE: SKT) demonstrated just how resilient its business was, and how the company could remain profitable even during tough times. Now that its properties are all open for business, the recent data shows that outlets are here to stay. In this Fool Live video clip, recorded on August 17, Millionacres real estate analyst Matt Frankel, CFP, and editor Deidre Woollard discuss why Tanger's stock could be a bargain right now.