As Chris Zook and James Allen, co-authors of Repeatability: Build Enduring Businesses for a World of Constant Change, wrote:
"The power of a repeatable model lies in the way it turns the sources of differentiation into routines, behaviors, and activity systems that everyone in the organization can understand and follow so that when a company sets out a particular path, it knows how to maintain differentiation that led to its initial success ... that strongest source of differentiation in a company's business are its crown jewels."
Tanger has a well-defined circle of competence. This focused retail REIT has one of the strongest sources of differentiation in the REIT industry and because of its core strategic initiatives, the "crown jewel" brand should continue to pump out consistent dividends and provide shareholders with balanced growth.
Tanger has a market cap of $2.89 billion, and the current dividend yield is 2.7%.
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