Tanger Factory Outlet Centers, Inc. (SKT) The Nareit REITweek 2023 Investor Conference Call Transcript

Tanger Factory Outlet Centers, Inc. (SKT) The Nareit REITweek 2023 Investor Conference Call Transcript

Tanger Manufacturing unit Outlet Facilities, Inc. (NYSE:SKT) The Nareit REITweek 2023 Investor Convention Name June 7, 2023 1:15 PM ET

Firm Members

Michael Bilerman – EVP, CFO & CIO

Stephen Yalof – President, CEO & Director

Convention Name Members

Caitlin Burrows – Goldman Sachs Group

Caitlin Burrows

Hello, everybody. Thanks for becoming a member of us. I am Caitlin Burrows, and I cowl REITs at Goldman Sachs. As we speak, now we have Steve Yalof, President, Director, and CEO of Tanger. We now have Michael Bilerman, Government Vice President, CFO, and Chief Funding Officer at Tanger.

Query-and-Reply Session

Q – Caitlin Burrows

So I’ll begin off with some questions right here. In order all people might or might not know, inside Tanger, there’s quite a lot of new folks have been added to the administration staff since 2020. Steve, in 2020. Michael, extra not too long ago. And so I believe with new administration has come some new methods. So I believe a type of that has been making a significant distinction is that you’ve got been welcoming some retailers that have not or makes use of that have not traditionally been within the properties. So I used to be questioning in case you might discuss just a little bit about that chance? And to what extent it will increase your universe of potential tenants or retailers to work with?

Stephen Yalof

Nicely, thanks for the query. Thanks for internet hosting us, by the best way, and welcome, all people, particularly the . We’re thrilled to have you ever right here. So Tanger Shops, as you all know, we’re 36 buying facilities, home to in Canada. We now have our thirty seventh middle that can open up in October in Nashville, Tennessee.

What’s fascinating about our portfolio and blend, Stanley Tanger, the founding father of our firm, 42 years in the past invented the entire outlet enterprise. And primarily, he was shirt producer working in Greensboro, North Carolina, realizing you may promote extra product out of the again door than

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