Core Viewpoint - Investors in the REIT and Equity Trust - Retail sector should consider Phillips Edison & Company, Inc. (PECO) and Tanger (SKT) as potential investment opportunities, with a closer examination needed to determine which stock offers better value [1] Group 1: Zacks Rank and Value Metrics - Both PECO and SKT currently hold a Zacks Rank of 2 (Buy), indicating positive revisions to their earnings estimates and improving earnings outlooks [3] - Value investors typically assess various traditional metrics, including P/E ratio, P/S ratio, earnings yield, and cash flow per share, to identify undervalued stocks [4] Group 2: Valuation Comparisons - PECO has a forward P/E ratio of 12.92, while SKT has a forward P/E of 13.88, suggesting PECO may be the more attractive option based on this metric [5] - PECO's PEG ratio is 1.39, compared to SKT's PEG ratio of 1.86, indicating that PECO may offer better value when considering expected EPS growth [5] - PECO's P/B ratio is 1.72, significantly lower than SKT's P/B of 5.18, further supporting the argument that PECO is the superior value option [6] - Based on these valuation metrics, PECO holds a Value grade of B, while SKT has a Value grade of C, reinforcing the conclusion that PECO is the better value investment at this time [6]

Core Insights - U.S. shoppers are willing to spend during the holiday season, driven by attractive deals despite declining consumer confidence and price anxiety [1][2] - Retailers are heavily discounting to attract consumers, resulting in sustained traffic and sales at Tanger's outlet centers [1][2] - Holiday traffic at Tanger's outlets has been strong, with full parking lots and consistent activity noted through November and December [2] Retail Spending Trends - U.S. retail spending increased by 4.2% year over year during the holiday season before adjusting for inflation, with in-store shopping accounting for 73% of total spending [3] - Online sales also contributed to growth, rising by 7.8% compared to the previous year [3] Consumer Confidence - Consumer confidence weakened in December, with the Conference Board's index dropping to 89.1, reflecting concerns over high prices and tariffs [4] - A recent survey indicated that 41% of Americans planned to spend less this holiday season, an increase of 6 percentage points from the previous year [5] Retailer Sentiment - Retailers express confidence in demand for 2026, indicating a positive outlook despite current consumer sentiment [5] - There is a trend among brands to control their own physical retail presence as department stores consolidate [6]

Welcome back to Money Movers. December consumer confidence data crossing the wires last hour showing the fifth straight month of declines and the lowest level since April and Visa out with a new report today signaling a more bullish outlook for the consumer with overall spending coming in 4% higher than last year. Here with us now to discuss is the CEO of Tanganger, Steven Yalof.Thank you very much for being here. Um, >> you know, it's hard to kind of disentangle the two because sentiment feels so dire, but ...

Core Insights - The focus is on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1][2] - Inflation remains persistent around 3%, prompting a preference for hard assets over fiat currency [2] - The investment group iREIT®+HOYA Capital specializes in high-yield, dividend growth investment ideas, targeting dividend yields up to 10% [2] Investment Strategy - The investment strategy emphasizes defensive stocks with a medium- to long-term horizon [2] - The group offers research on various asset classes including REITs, ETFs, closed-end funds, preferreds, and dividend champions [2] - The service aims to help investors achieve dependable monthly income and portfolio diversification [2]

Let's stay on top of retail as we gear up for Black Friday this week. Our next guest already seeing strong traffic for the first half of November, anticipates a robust holiday season. Joining us now is Tango President and CEO Steven Yalof.Great to have you back. Welcome. >> Thank you for having me back.>> So, this is kind of counter to some of the doom that we see in some of these retail stocks and reports of what's going on with the consumer. What are you seeing. >> The consumer shopping. I think the consu ...

Consumer Sentiment & Economic Impact - University of Michigan consumer confidence numbers are not strong three weeks before Black Friday [1] - Low consumer sentiment is observed, but upper-middle and luxury consumer spending remains strong [2] - Government shutdown negatively impacts lower to middle-income consumers, widening the K-shaped economy [3] Retail & Inventory - Overall inventory levels appear to be in good shape, with some inventories brought in early to manage tariff impacts [5] - Managing margins against higher costs due to tariffs will be a headwind in the first half of 2026 [5] - Promotions are not significantly increasing heading into Black Friday, and Amazon Prime Day in October was solid but not exceptionally strong [6][7] Value & Off-Price Retail - Lower-income consumers are focusing on necessities and value pricing [7] - Value is constituted by brand and price, with off-price retailers, Walmart, and Costco representing value options [8] - Retail real estate landlords are seeing strength in leasing from value players [9]

For more on the state of the consumer, Tanganger CEO and president Steven Yalof is with us here on set. Tanganger reported earnings yesterday. Stephen, great to have you with us.>> Thanks for having me back. >> Um, record leasing volume. Um, so you're seeing just brisk demand for retail space.We're sort of challenges, but we're talking about in terms of a bifurcated economy and some pockets of the consumer facing problems right now. Well, you know, it's interesting to sit and listen to what you were just ta ...

Core Insights - Tanger reported strong third-quarter performance, leading to an increase in guidance for 2025, driven by sales momentum, recent property acquisitions, and a diversified tenant mix [1][6] - The company is optimistic about the holiday outlook, indicating robust tenant demand and record leasing volume [2][5] Financial Performance - For the third quarter ended September 30, net income available to common shareholders was $31.8 million, or 28 cents per share, compared to $24.6 million, or 22 cents per share, in the prior year [2] - Funds from operations (FFO) available to common shareholders was $71.1 million, or 60 cents per share, up from $62.7 million, or 54 cents per share, in the prior year [3] - Tanger raised its guidance for diluted FFO per share to $2.28 to $2.32, from a previous forecast of $2.24 to $2.31 [3] Operational Highlights - Occupancy rate was 97.4% as of September 30, 2025, compared to 96.6% on June 30, 2025, and 97.4% on September 30, 2024 [10] - Average tenant sales per square foot increased to $475 for the 12 months ended September 30, 2025, compared to $465 for the 12 months ended June 30, 2025, and $438 for the 12 months ended September 30, 2024 [11] Strategic Initiatives - The company launched everyday Black Friday sales on November 1, promoting them through various channels to drive early customer engagement [4] - Tanger remains active in the acquisitions market, having added three lifestyle centers and three outlet centers in the past couple of years [6][7] - The acquisition of Legends Outlets for $130 million was completed, with expectations of an 8% return in the first year [8][9]

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The service offers a free two-week trial for potential investors to explore top ideas across exclusive income-focused portfolios [1] Group 2 - Well-located outlet centers are highlighted as easier to manage compared to traditional retail and mall real estate due to their fungible nature [2]

Core Insights - The article discusses the features and benefits of Ian's Insider Corner, an investing group led by Ian Bezek, which provides access to investment ideas, updates, and direct communication with the leader [1]. Group 1 - Ian Bezek has a background as a hedge fund analyst and has spent a decade conducting research in Latin America, focusing on markets such as Mexico, Colombia, and Chile [2]. - The investing group offers a Weekend Digest that includes new investment ideas, updates on current holdings, macro analysis, and trade alerts [1]. - Members of the group have access to an active chat room and can directly communicate with Ian Bezek for insights and responses to their questions [1].