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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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.

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months ended March 31, 2023. “We continue to make steady progress on our plan of sale since initiating the process in March of 2022. Year to date we have sold 31 wholly owned properties for total gross proceeds of $311.9 million. In addition to the sales closed year to date,.

Seritage Growth Properties Reports First Quarter 2023 Operating Results

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today provided an update on the Company's disposition activity through the end of Q1 2023. Q1 2023 Disposition Update Generated $290.4 million of gross proceeds from the sale of 27 wholly owned or consolidated assets: $254.

Seritage Growth Properties Provides Update on Q1 2023 Transaction Activity

In our last article, we shunned the idea that Seritage shareholders had a big payday ahead. Realistic valuations suggested that the stock was trading at a fair price for liquidation and the best bullish bet was a covered call trade.

Seritage: No Returns For The Weary

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the year ended December 31, 2022. “Our most significant recent accomplishment, achieved during the first quarter of 2023, was the two-year extension of the Company's term loan to July 31, 2025.

Seritage Growth Properties Reports Fourth Quarter and Full Year 2022 Operating Results

Seritage Growth Properties reduced its term loan balance to $800 million in early February, extending its remaining debt maturities to July 2025. Removing liquidity risk hasn't boosted Seritage stock, though, due to investors' concerns about the impact of weak macro conditions on the pace and valuation of future property sales.

Seritage: Don't Fear The Deal Slowdown

NEW YORK--( BUSINESS WIRE )--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today provided an update on the Company's disposition activity and the two-year extension of the Company's corporate term loan.

SRG 2022 Year End Business Update

NEW YORK--( BUSINESS WIRE )--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today announced that on November 30, 2022, the Company made a voluntary prepayment of $100 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska (“Berkshire Hathaway”).

Seritage Growth Properties Makes $100 Million Loan Prepayment

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Mall REITs - which endured a dismal stretch of underperformance from 2015-2020 - enter the critical holiday season on surprisingly stable footing as resilient consumer spending has offset broader macro-headwinds. The momentum from the stimulus-fueled ‘spending spree' appears likely to carry retailers through the holiday season. Store openings continue to outpace store closings in 2022 by the widest-margin in decades.

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Seritage Growth Properties stock has retreated from the high reached this summer due to fears about the impact of soaring interest rates and a potential recession on its liquidation plan. Despite these fears, Seritage continues to sell assets at a rapid pace.

Seritage Growth Properties: Buy $20 For Less Than $12

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three and nine months ended September 30, 2022.

Seritage Growth Properties Reports Third Quarter 2022 Operating Results

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today announced that on October 28, 2022, the Company made a voluntary prepayment of $110 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska (“Berkshire Hathaway”).

Seritage Growth Properties Makes $110 Million Loan Prepayment

The ex-REIT is in the process of liquidating its assets and paying off its liabilities. Proceeds from the sale, after its debt obligations, will be returned to shareholders estimated at between $18.50 and $29 per share.

Seritage Growth Properties: Clear Upside

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of 150 retail, residential and mixed-use properties, today announced that on September 30, 2022, the Company made a voluntary prepayment of $70 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska (“Berkshire Hathaway”). With the prepayment, $1.27 billion of the term loan facility remains outstanding. The prepayment wil

Seritage Growth Properties Makes $70 Million Loan Prepayment

Seritage has a liquidation plan. The $100 million debt paydown was nice to see but there is a tall mountain to climb.

Seritage: Bears Beat Back Bold Bulls

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Last month, Seritage Growth Properties filed preliminary proxy documents asking shareholders to approve a plan of sale that would effectively liquidate the company. Seritage stock currently trades at a steep discount to the anticipated distribution range of $18.50-$29 per share.

Seritage Growth Properties: 50% Upside In 18 Months With Clear Catalysts

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of 150 retail, residential and mixed-use properties today reported financial and operating results for the three and six months ended June 30, 2022. “This has been an extremely productive quarter for the Company. Our operating momentum continues with strong leasing, development and entitlement progress. We now have only one major development in active construction, Aventura, which i

Seritage Growth Properties Reports Second Quarter 2022 Operating Results

After doubling so far in July, Seritage Growth Properties stock could potentially double again over the next two or three years.

This Stock Has Doubled in July and Could Keep Rising

Asset sales could be about to accelerate.

Why Seritage Growth Properties Stock Skyrocketed Today

The stock of Seritage Growth Properties is up an impressive 50% today after the real estate company encouraged shareholders to vote in favor of a sale proposal. The post Seritage Growth (SRG) Stock Pops 50% on Sale Proposal appeared first on InvestorPlace.

Seritage Growth (SRG) Stock Pops 50% on Sale Proposal

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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 filed its preliminary proxy materials with the U.S. Securities and Exchange Commission (“SEC”) in connection with the Company's 2022 Annual Meeting of Shareholders. In connection with its previously announced review of strategic alternatives, the Seritage Board of Trustees unanimously recommends that the Company's shareholde

Seritage Growth Properties Files Preliminary Proxy Materials

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

News for Seritage Growth Properties Stock (SRG)