Cramer’s Stocking Stuffer: Tanger Factory Outlet Centers
There are some companies that work regardless of what happens in Europe because they’re levered to healthy domestic trends, Cramer said Thursday. He’s calling them his “stocking stuffersfor the holidays.” One name on that list is Tanger Factory Outlet Centers.
Tanger is a real estate investment trust that is the only publicly traded pure play on the outlet business. It has 38 shopping centers across 25 different states and has a solid 2.9 percent yield. It is also a defensive company, with the business and the stock holding up better than other retailer REITs during the Great Recession.
(Related: Cramer’s 5 ‘Stocking Stuffer’ Stocks)
Cramer first recommended Tanger in March of 2010 and it has since gained 38 percent, including dividends.
To find out more about the company, Cramer spoke with President and CEO Steve Tanger. Watch the video to see the full interview.
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