Critical Analysis: Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) and Tanger (NYSE:SKT)

Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) and Tanger (NYSE:SKT) are both real estate companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, dividends, institutional ownership, analyst recommendations, valuation, earnings and risk.

Analyst Ratings

This is a breakdown of current recommendations and price targets for Wheeler Real Estate Investment Trust and Tanger, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Wheeler Real Estate Investment Trust	0	0	0	0	N/A
Tanger	0	3	3	0	2.50

Tanger has a consensus target price of $29.83, suggesting a potential upside of 8.64%. Given Tanger’s higher probable upside, analysts plainly believe Tanger is more favorable than Wheeler Real Estate Investment Trust.

Insider and Institutional Ownership

85.2% of Tanger shares are owned by institutional investors. 5.8% of Tanger shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Profitability

This table compares Wheeler Real Estate Investment Trust and Tanger’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Wheeler Real Estate Investment Trust	N/A	N/A	N/A
Tanger	20.27%	17.72%	4.30%

Valuation and Earnings

This table compares Wheeler Real Estate Investment Trust and Tanger’s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Wheeler Real Estate Investment Trust	$102.33 million	N/A	N/A	N/A	N/A
Tanger	$464.41 million	6.47	$99.15 million	$0.91	30.18

Tanger has higher revenue and earnings than Wheeler Real Estate Investment Trust.

Summary

Tanger beats Wheeler Real Estate Investment Trust on 8 of the 8 factors compared between the two stocks.

About Wheeler Real Estate Investment Trust

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.

About Tanger

Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter and year ended December 31, 2023.