Seritage Growth Properties (SRG)
| Market Cap | 530.56M |
| Revenue (ttm) | 20.78M |
| Net Income (ttm) | -159.81M |
| Shares Out | 56.26M |
| EPS (ttm) | -2.85 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 178,545 |
| Open | 9.40 |
| Previous Close | 9.48 |
| Day's Range | 9.36 - 9.46 |
| 52-Week Range | 7.07 - 9.92 |
| Beta | 2.66 |
| Analysts | Strong Buy |
| Price Target | 14.00 (+48.46%) |
| Earnings Date | May 8, 2024 |
About SRG
Prior to the adoption of the Company's Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Seritage will continue to actively manage each location until such time as each property is sold. As of December 31, 2023, the Company's portfolio consisted of interests in 32 properties comprised of approximately 4.1 million square feet of gross leasable area ("GLA") or build-to-suit leased area and 460 acres.... [Read more]
Financial Performance
In 2023, SRG's revenue was $20.78 million, a decrease of -80.59% compared to the previous year's $107.06 million. Losses were -$159.81 million, 102.7% more than in 2022.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for SRG stock is "Strong Buy" and the 12-month stock price forecast is $14.0.
News
Seritage Growth Properties Makes $50 Million Loan Prepayment
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 between April 23...
Seritage Growth Properties Reports Fourth Quarter and Full Year 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 reported financial and operating...
Seritage Growth Properties Makes $30 Million Loan Prepayment
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 January 30, 2...
Seritage Growth Properties Reports Third 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 reported financial and operating...
Seritage Growth Properties Makes $80 Million Loan Prepayment
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 September 26,...
Seritage Growth Properties Reports Second 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 reported financial and operating...
Why Warren Buffett Steers Clear of Real Estate
“Real estate is not a commodity. I think it tends to be more accurately priced most of the time.
Seritage Growth Properties Makes $200 Million Loan Prepayment
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 May 25, 2023,...
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 reported financial and operating...
Seritage Growth Properties Provides Update on Q1 2023 Transaction Activity
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 Compa...
Seritage Growth Properties Reports Fourth Quarter and Full Year 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 reported financial and operating...
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 provided an update on the Com...
Seritage Growth Properties Makes $100 Million Loan Prepayment
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...
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 reported financial and operating...
Seritage Growth Properties Makes $110 Million Loan Prepayment
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, 2...
Seritage Growth Properties Makes $70 Million Loan Prepayment
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...
Seritage Growth Properties Reports Second Quarter 2022 Operating Results
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 opera...
Seritage Growth Properties Files Preliminary Proxy Materials
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...
What We Can Learn From Berkshire's Seritage Trade
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...
Seritage Growth Properties Reports First Quarter 2022 Operating Results
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 opera...
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”) a national owner and developer of 170 residential and mixed-use properties, and Invesco Real Estate, a global real est...
Seritage Growth Properties Appoints Three New Members to Its Board of Trustees
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 ...
Seritage Growth Properties Announces Termination of REIT Election
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...
Real Estate Assets for Rising Inflation
Investing in hard assets like real estate and infrastructure is one of the best known ways to overcome inflationary forces. That is why I have been looking across the market to find attractive real es...
Seritage Growth Properties Reports Fourth Quarter and Full Year 2021 Operating Results
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 opera...