Tanganger shares are higher today, up 4.7% after the company beat revenue estimates and raised fullear guidance. The outlook, the outlet owner and operator also gaining back occupancy after reporting a decline last quarter. The stock is still down for the year.Joining us now, Tanganger CEO Steven Yalof. Thank you very much for being here. How would you characterize the way American consumers are shopping right now.There's this big piece in the journal saying that, you know, there's a little bit of uh, you k ...

Portfolio Adjustment - The company sold Organon after it cut its dividend and the stock price declined [1][2] - The company bought VICI Properties, a triple net lease REIT specializing in gaming and casino properties [1][3][4] VICI Properties Investment Rationale - VICI Properties owns 93 properties, including 54 casinos such as the Venetian and Mandalay Bay, and 39 experiential properties [4] - VICI Properties has a strong management team [4] - VICI Properties offers a 53% dividend yield and an expected 3% FFO growth [5] - VICI Properties' rent escalators are tied to CPI, potentially benefiting from rising inflation [5] - VICI Properties' tenants (e g MGN and Caesars) ensure 100% occupancy and rent collection, even during the pandemic [6] - The investment in VICI Properties is expected to generate a 9-10% annualized return [7] - VICI Properties is considered a compelling investment in a lower growth environment [8]