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Tanger Factory Outlet Centers (SKT) is a real estate investment trust (REIT) that focuses on the ownership, management, and development of factory outlet centers. The company's portfolio is composed primarily of high-quality, constantly crowded outlet centers located in attractive markets.

When it comes to the company's performance, Tanger Factory Outlet Centers has experienced some ups and downs in recent years. In terms of revenue, the company reported total revenues of $233.3 million in the third quarter of 2021, representing a 2.7% year-over-year increase. However, the company's net income for the same period was $10.1 million, or $0.15 per share, compared to $23.1 million, or $0.34 per share, in the third quarter of 2020.

Despite the somewhat mixed financial results, Tanger Factory Outlet Centers has shown some positive trends in terms of growth and occupancy. The company's portfolio occupancy was 92.4% as of September 30, 2021, compared to 91.8% as of December 31, 2020. Additionally, Tanger has made progress in expanding its portfolio, having acquired a 50% interest in the Tanger Outlets San Marcos in Texas in the third quarter of 2021.

In summary, Tanger Factory Outlet Centers is a REIT focused on retail outlet centers that has experienced some financial fluctuations in recent years but has also shown some positive trends in terms of growth and occupancy. As with any investment, it is important for potential investors to conduct their own research and due diligence before making a decision.