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Seritage Growth Properties (SRG)

Stock Price: $16.69 USD 0.57 (3.54%)
Updated May 7, 2021 4:00 PM EDT - Market closed
Market Cap 942.09M
Revenue (ttm) 114.46M
Net Income (ttm) -96.98M
Shares Out 39.48M
EPS (ttm) -2.50
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day May 7
Last Price $16.69
Previous Close $16.12
Change ($) 0.57
Change (%) 3.54%
Day's Open 16.16
Day's Range 16.04 - 17.10
Day's Volume 305,880
52-Week Range 6.03 - 24.06

News

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With cash burn accelerating and lease terminations outstripping new leasing activity, it's time for Warren Buffett to sell his personal stake in this struggling retail REIT.

6 days ago - The Motley Fool

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner of 179 retail and mixed-use properties totaling approximately 26.0 million square feet of gross leasab...

1 week ago - Business Wire

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) today announced that the Company will reorganize its operations following an initial asset-by-asset analysis led by recently appointed C...

2 weeks ago - Business Wire

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE:SRG) announced today that it will release its first quarter 2021 financial and operating results in a press release on Thursday, April 29, 202...

2 weeks ago - Business Wire

This unique real estate company could create billions in shareholder value.

1 month ago - The Motley Fool

The stock of Seritage Growth Properties (NYSE:SRG, 30-year Financials) is believed to be fairly valued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value...

1 month ago - GuruFocus

Think the entire stock market is too expensive right now? Think again.

Other stocks mentioned: DLR, STOR
1 month ago - The Motley Fool

The retail REIT is burning cash and struggling to sign up new tenants to fill the massive vacancies in its real estate portfolio.

1 month ago - The Motley Fool

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner of 183 retail and mixed-use properties totaling approximately 26.5 million square feet of gross leasab...

1 month ago - Business Wire

These stocks aren't huge yet but could grow to many times their current size.

Other stocks mentioned: BOMN, DFH
1 month ago - The Motley Fool

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE:SRG) announced today that it will release its fourth quarter 2020 financial and operating results in a press release on Wednesday, March 10, 2...

2 months ago - Business Wire

This REIT isn't for the faint of heart, but here's why investors with high risk tolerance should put it on their radar.

2 months ago - The Motley Fool

This unusual retail REIT could have tons of value creation potential in the years ahead.

2 months ago - The Motley Fool

There are still quite a few investors betting against these stocks.

Other stocks mentioned: MAC, SKT
2 months ago - The Motley Fool

It isn't just GameStop and AMC -- these real estate investment trusts are big shorting targets.

Other stocks mentioned: IRM, MAC, SKT
2 months ago - The Motley Fool

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) announced today that Andrea Olshan has been appointed Chief Executive Officer and President of the Company and will join the Company's B...

2 months ago - Business Wire

Seritage Growth Properties shareholders may be benefiting from a short squeeze now, but the REIT stock is likely to surrender its recent gains as the company continues to burn cash.

3 months ago - The Motley Fool

These three mall stocks spiked higher earlier in the week, but seem to be cooling off.

Other stocks mentioned: MAC, PEI
3 months ago - The Motley Fool

Here are four more stocks moving higher without any news.

Other stocks mentioned: EPR, MAC, SKT
3 months ago - The Motley Fool

The Sears Holdings spinoff got a brief boost from a company update. The news wasn't bad, but it wasn't good enough to hold the gains, either.

3 months ago - The Motley Fool

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner of 183 retail and mixed-use properties totaling approximately 28.5 million square feet, today provided...

3 months ago - Business Wire

We're seeing some interesting price action in this group, and there could be a good explanation for it.

Other stocks mentioned: MAC, SKT
3 months ago - The Motley Fool

Shares of mall landlords took off today. It looks like investors are starting to realize that the worst could be over.

Other stocks mentioned: MAC, SKT, PEI
3 months ago - The Motley Fool

Seritage Growth Properties is burning cash rapidly, as interest and G&A expense far exceed NOI. The majority of Seritage's portfolio is vacant, and many of those assets are worth just $20-$40 per square...

4 months ago - Seeking Alpha

Seritage Growth properties has had a tough 2020. Both the CEO and the CFO left the company recently.

4 months ago - Seeking Alpha

These REITs stand to benefit tremendously as the pandemic comes to an end, and could have lots of upside potential for investors.

Other stocks mentioned: EPR, O, SKT, SPG
4 months ago - The Motley Fool

Shares of retail-focused REIT Seritage Growth fell after another big top-level change was made. Here's what you need to know.

4 months ago - The Motley Fool

I'll be the first to say that an ugly sweater could be a worthwhile investment for a one-time laugh. But that's because they come cheap.

Other stocks mentioned: AMC, EPR, MAC
4 months ago - Seeking Alpha

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) announced today that Benjamin W. Schall, the Company's Chief Executive Officer, President and Trustee is resigning from his role to purs...

4 months ago - Business Wire

Small-cap stocks are higher-risk and higher-reward. The market is focusing on the rewards, but for these eight names, the risks are greater.

Other stocks mentioned: ACB, AMC, DBI, DLX, GRPN, MSGN, SCSC
4 months ago - InvestorPlace

The REIT sector got a shot in the arm in November from vaccine news, but that's not enough to make a call about any of these companies.

Other stocks mentioned: KIM, NLY
5 months ago - The Motley Fool

One of my favorite books is The Millionaire Next Door, a bestseller on the truth about America's millionaires. I remember reading the book around 20 years ago, when my own net worth was a few million do...

Other stocks mentioned: BPY, BPYU, HTA, MPW, STOR
5 months ago - Seeking Alpha

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE:SRG) announced today that Amanda Lombard, previously Chief Accounting Officer of Seritage, has been appointed Executive Vice President and Chi...

5 months ago - Business Wire

These companies just got some much-needed reason for optimism.

Other stocks mentioned: SPG, SKT
5 months ago - The Motley Fool

Lease terminations, tenant bankruptcies, and a massive slowdown in leasing activity from the COVID-19 pandemic are creating a perfect storm for this struggling real estate investment trust.

5 months ago - The Motley Fool

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE:SRG) announced today that Brian R. Dickman, the Company's Chief Financial Officer and Executive Vice President resigned from his role to pursu...

6 months ago - Business Wire

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner of 195 retail and mixed-use properties totaling approximately 30.4 million square feet of gross leasab...

6 months ago - Business Wire

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE:SRG) announced today that it will release its third quarter 2020 financial and operating results in a press release on Thursday, November 5, 2...

6 months ago - Business Wire

Seritage Growth: A Billionaire Strong Buy

6 months ago - Seeking Alpha

The virus disruption and the resulting economic uncertainty have cratered Seritage Growth Properties’ revenues by disrupting its tenants’ operations.

7 months ago - Seeking Alpha

The retail REIT's redevelopment pipeline has been stalled due to COVID-19, causing it to continue burning cash.

8 months ago - The Motley Fool

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “C...

8 months ago - Business Wire

The REIT has been in turnaround mode since its IPO. Is the company starting to make more progress?

8 months ago - The Motley Fool

The REIT's core business model has been under stress, but a Wall Street Journal article suggests there are alternatives.

8 months ago - The Motley Fool

Seritage Growth Properties' strategy is particularly ill-suited to a pandemic.

8 months ago - The Motley Fool

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner of 199 retail and mixed-use properties totaling approximately 31.6 million square feet of gross leasab...

9 months ago - Business Wire

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE:SRG) announced today that it will release its second quarter 2020 financial and operating results in a press release on Thursday, August 6, 20...

9 months ago - Business Wire

Not all brick-and-mortar retail is doomed.

Other stocks mentioned: EPR, O, SKT, SPG
10 months ago - The Motley Fool

News has been more encouraging in this space in recent weeks.

10 months ago - Seeking Alpha

There was good news in the retail space this morning, which got investors upbeat about these three different ways to play the niche.

Other stocks mentioned: MAC, SKT
10 months ago - The Motley Fool

About SRG

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties totaling approximately 30.4 million square feet of space across 44 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015. The Company's mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experiences for consu... [Read more...]

Industry
REIT-Retail
IPO Date
Jul 6, 2015
CEO
Benjamin Schall
Employees
61
Stock Exchange
NYSE
Ticker Symbol
SRG
Full Company Profile

Financial Performance

In 2020, SRG's revenue was $116.50 million, a decrease of -30.92% compared to the previous year's $168.63 million. Losses were -$105.03 million, 76.8% more than in 2019.

Financial Statements

Analyst Forecasts

The average 12-month stock price forecast for SRG is 16.00, which is a decrease of -4.13% from the latest price.

Price Target
$16.00
(-4.13% downside)