Can SKT sustain its EPS momentum into next year?

**Tanger Inc. (NYSE: SKT) is likely to face challenges in sustaining its EPS momentum into next year.** Here's why: 1. **Potential Competition**: Tanger faces potential increased competition in Nashville, as Simon is planning a development close to Tanger’s existing center, which may challenge their market share. 2. **Financial Health Concerns**: Interest payments are not well covered by earnings, and there is an unstable dividend track record. This suggests a need for better financial management to support shareholder returns, including EPS. 3. **Market Valuation**: The P/E ratio of Tanger is 40.87, which means it is trading at a premium compared to the market. This high valuation could indicate that future earnings growth is already priced in, making it difficult to sustain a higher EPS growth rate. 4. **Institutional Ownership**: Strong institutional ownership is an indication that large money managers, hedge funds, and endowments believe a company will outperform the market over the long term. This suggests that institutional confidence may not be strongly supportive of a high EPS growth trajectory. 5. **Dividend Growth**: While Tanger has a history of fast dividend growth and attractive valuation, the focus on dividends may limit the flexibility to invest in the business for further EPS growth. In conclusion, while Tanger has shown strong EPS growth, the potential competition, financial health concerns, high market valuation, and the focus on dividends suggest that sustaining this momentum into next year may be challenging.