Seritage Growth Properties

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations. The company was founded on June 3, 2015 and is headquartered in New York, NY.

Earnings data Q4 2019

Earnings data Q1 2020

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Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q1 2022

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Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations. The company was founded on June 3, 2015 and is headquartered in New York, NY.

Seritage Growth Properties stock has fallen 70% over the past 12 months as excessive hope has turned to excessive fear. Leasing activity has improved significantly beginning in late 2021, positioning Seritage to reduce cash burn over the next few quarters.

Seritage Growth Properties: My New Top Pick As Share Price And Intrinsic Value Diverge

One of the advantages Berkshire Hathaway ( BRK.A , Financial) ( BRK.B , Financial) has over other investment firms is the ability to structure investments in ways that create an outside payoff for the corporation. A payoff that it might not have been able to achieve by using traditional methods such as investing in debt and equity on the open market.

What We Can Learn From Berkshire's Seritage Trade

We have generally had a negative outlook on Seritage. The stock has agreed 100% and then some.

Seritage: Berkshire Is Not Taking A Haircut Here

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of 161 retail, residential and mixed-use properties today reported financial and operating results for the three months ended March 31, 2022. “2022 is off to a great start. The quarter has been marked by strong momentum in leasing, significant new tenant openings, progress on current developments and entitlements, as well as robust sales activity on the disposition pipeline. This qu

Seritage Growth Properties Reports First Quarter 2022 Operating Results

Amazon

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”) a national owner and developer of 170 residential and mixed-use properties, and Invesco Real Estate, a global real estate investment manager, today announced Amazon.com, Inc. (NASDAQ: AMZN) (“Amazon”) has signed a lease for 123,000 square feet at The Collection at UTC in La Jolla, California, with plans to create more than 700 corporate and tech jobs over the coming years. The Collection at UTC is now 93% leased.

Seritage Growth Properties Signs 123,000 Square Foot Lease with Amazon at The Collection at UTC

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE:SRG) (the “Company” or “Seritage”), a national owner and developer of 170 residential, retail and mixed-use properties, today announced the appointment of Talya Nevo-Hacohen, Mitchell Sabshon and Mark Wilsmann to its Board of Trustees, effective immediately. These appointments follow the Seritage Board's previously announced intent to identify additional trustee candidates to further enhance the Board's investment and transaction exper

Seritage Growth Properties Appoints Three New Members to Its Board of Trustees

Seritage was a $40 stock pre-COVID with a price predicated on years of hard work that would be needed to reposition and re-develop assets to achieve that valuation. The largest shareholder (Eddie Lampert) initiated an SEC filing in November 2021, when shares ranged from $14.50 to $17, calling the shares "undervalued" as part of the filing.

Seritage: Special Situation Opportunity Happening Now With 'Near Term' Shareholder Value Creation To Follow

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The State Of REITs: April 2022 Edition

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of 162 retail, residential and mixed-use properties, today announced that its Board of Trustees has approved a plan to terminate its election to be treated as a Real Estate Investment Trust (“REIT”) for tax purposes and to convert the Company to a C corporation. The termination of the REIT election will be retroactively effective as of January 1, 2022. The Company has received all n

Seritage Growth Properties Announces Termination of REIT Election

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Sequential NOI growth is improving, leasing activity is accelerating, and Seritage has started to reduce its unwieldy debt load.

Seritage Earnings: A Big Step Forward

Investors like to follow Warren Buffett and Berkshire Hathaway, but sometimes even star investors make mistakes.

If You Invested $10K in This Warren Buffett Real Estate Play 3 Years Ago, You're Down 70%

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of 162 retail, residential and mixed-use properties today reported financial and operating results for the quarter and year ended December 31, 2021. Andrea Olshan, Chief Executive Officer and President commented, “I am very proud of all we have accomplished this year. We realigned our operating platform to focus on the efficient execution of our business strategies to achieve our re

Seritage Growth Properties Reports Fourth Quarter and Full Year 2021 Operating Results

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE:SRG) announced today that it will release its fourth quarter 2021 financial and operating results in a press release on Tuesday, March 15, 2022. About Seritage Growth Properties Seritage is principally engaged in the ownership, development, redevelopment, management, and leasing of diversified and mixed-use properties throughout the United States. As of September 30, 2021, the Company's portfolio consisted of interests in 170 propertie

Seritage Growth Properties Announces Fourth Quarter 2021 Earnings Release Date

CEO Andrea Olshan's turnaround strategy hasn't inspired investors, so Seritage is now considering bolder moves to unlock value for shareholders.

Blue Light Special: Seritage Considers Selling Itself

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE:SRG) (the “Company” or “Seritage”), a national owner and developer of 170 residential, retail and mixed-use properties, today announced that its Board of Trustees has commenced a process to review a broad range of strategic alternatives to enhance shareholder value. The Company will continue to evaluate its balance sheet strategy and corporate structure to optimize the outcome of such review. Andrea Olshan, the Company's President and

Seritage Growth Properties Announces Comprehensive Review of Strategic Alternatives

Seritage started life with a disadvantage, and it has only gotten more difficult. Luckily, a big lender still seems to be supportive -- for now.

Seritage Growth Still Owes Berkshire Hathaway $1.44 Billion

Seritage Growth Properties shares have plunged from around $40 before the pandemic to under $10 in recent weeks.

Seritage: Finally A Good Speculative Buy Under $10

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Seritage: Well Priced For 0% Returns

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Mohnish Pabrai (Trades, Portfolio), managing partner of Pabrai Investment Funds, disclosed this week that his firm slashed more than a quarter of its stake in Seritage Growth Properties ( SRG , Financial) according to GuruFocus Real-Time Picks, a Premium feature.

Pabrai's Top Holding Seritage Sours in 2021

Renowned investor Mohnish Pabrai (Trades, Portfolio) revealed earlier this week he trimmed his stake in Seritage Growth Properties ( SRG , Financial) by 26.98%.

Monish Pabrai Slims Seritage Growth Properties Stake

Seritage Growth Properties is starting to pay down debt using some of its asset sale proceeds. But is it too little, too late?

Can This REIT Get Out of Debt Before It's Too Late?

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of 170 retail, residential and mixed-use properties, today announced that John Garilli, an existing consultant to the Company and former CEO of New York REIT, has been appointed interim Chief Financial Officer. He will assume this position on a full-time basis upon Amanda Lombard's departure, effective January 14, 2022. Andrea Olshan, President and Chief Executive Officer of Seritag

Seritage Growth Properties Appoints John Garilli as Interim CFO

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of 170 retail, residential and mixed-use properties, today announced that on December 31, 2021, the Company made a voluntary prepayment of $160 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska (“Berkshire Hathaway”). The prepayment follows the amendment to the Senior Secured Term Loan Agreement with Berkshire Hathaw

Seritage Growth Properties Makes $160 Million Loan Prepayment

News for Seritage Growth Properties Stock (SRG)