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

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 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

Gannett Co.

Sometimes, companies with a lot of debt can be good turnaround stories.

2 Stocks With More Than $1 Billion of Debt That Could Soar in 2023

Brookfield Asset Management

JPMorgan BetaBuilders MSCI US REIT ETF

CBL & Associates Properties

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Macerich

Neuberger Berman Real Estate Securities Income Fund Inc

Pennsylvania Real Estate Investment Trust

US Diversified Real Estate ETF

Invesco Active US Real Estate

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Seven Hills Realty Trust

Tanger Factory Outlet Centers

Simon Property Group

ProShares UltraShort Real Estate

Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sector ETF

ProShares Ultra Real Estate

iShares Core U.S. REIT ETF

Vanguard Real Estate ETF

Virtus Real Asset Income ETF

Real Estate Select Sector SPDR Fund

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.

Mall REITs: The Bleeding Has Stopped

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

Atara Biotherapeutics

Cardlytics

Forge Global Holdings Inc

NRG Energy

REX American Resources

Rhythm Pharmaceuticals

Cassava Sciences Inc

Target Hospitality Corp

Velo3D

The small-cap Russell 2000 gained over 10% in July, compared to a jump of 9.1% for the S&P 500.

These Are The Ten Best And Worst Performing Small-Cap Stocks In July 2022

Ashford Hospitality Trust

Cambria Global Real Estate ETF

Blackstone Group

Global Net Lease

Healthcare Realty Trust Inc

Industrial Logistics Properties

Nuveen Short-Term REIT ETF

New York City REIT Inc

ALPS Active REIT ETF

Strategic Residential & Apartment Real Estate ETF

Presidio Property Trust

Global X SuperDividend REIT ETF

Wheeler Real Estate Investment Trust

The REIT sector has achieved gains in only 2 of the first 7 months of 2022, including a +9.74% total return in July. Small cap (+11.68%) and mid cap (+9.09%) REITs had the greatest total returns, while large caps (+8.72%) and micro caps (+6.73%) saw more modest gains in July.

The State Of REITs: August 2022 Edition

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

Upstart Holdings

Friday looked poised to be a weaker day for the markets.

Upstart Is Falling, but This Long-Struggling Stock Is on the Rise

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

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

News for Seritage Growth Properties Stock (SRG)