Seritage Growth Properties (SRG)

NYSE: SRG · IEX Real-Time Price · USD
8.44
0.27 (3.30%)
May 27, 2022 12:07 PM EDT - Market open
Market Cap479.76M
Revenue (ttm)116.31M
Net Income (ttm)-77.53M
Shares Out56.84M
EPS (ttm)-1.79
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume234,235
Open8.24
Previous Close8.17
Day's Range8.21 - 8.49
52-Week Range7.47 - 20.09
Beta2.12
AnalystsSell
Price Targetn/a
Earnings DateMay 12, 2022

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...

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateJul 6, 2015
CEOBenjamin Schall
Employees40
Stock ExchangeNYSE
Ticker SymbolSRG
Full Company Profile

Financial Performance

In 2021, SRG's revenue was $116.68 million, an increase of 0.16% compared to the previous year's $116.50 million. Losses were -$28.15 million, -73.20% less than in 2020.

Financial Statements

News

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 operati...

2 weeks ago - Business Wire

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 estat...

Other symbols:AMZN
3 weeks ago - Business Wire

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 ap...

4 weeks ago - Business Wire

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 T...

1 month ago - Business Wire

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 esta...

Other symbols:BXPVNO
1 month ago - GuruFocus

Seritage Earnings: A Big Step Forward

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

2 months ago - The Motley Fool

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

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

2 months ago - The Motley Fool

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 operati...

2 months ago - Business Wire

Seritage Growth Properties Announces Fourth Quarter 2021 Earnings Release Date

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, 202...

2 months ago - Business Wire

Blue Light Special: Seritage Considers Selling Itself

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

2 months ago - The Motley Fool

Seritage Growth Properties Announces Comprehensive Review of Strategic Alternatives

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 i...

2 months ago - Business Wire

Seritage Growth Still Owes Berkshire Hathaway $1.44 Billion

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

3 months ago - The Motley Fool

Pabrai's Top Holding Seritage Sours in 2021

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 , Financia...

Other symbols:BABAMU
4 months ago - GuruFocus

Monish Pabrai Slims Seritage Growth Properties Stake

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

4 months ago - GuruFocus

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

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

4 months ago - The Motley Fool

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 John Garilli, ...

4 months ago - Business Wire

Seritage Growth Properties Makes $160 Million Loan Prepayment

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...

4 months ago - Business Wire

Seritage Growth Properties Promotes Eric Dinenberg to Chief Operating Officer

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 Eric Dinenberg...

5 months ago - Business Wire

Lampert Demolishes Seritage Growth Properties Holding Alongside AutoNation Reduction

Edward Lampert (Trades, Portfolio), founder of RBS Partners, has revealed his fund's portfolio for the third quarter of 2021. The fund's two trades include selling out of a position in Seritage Growth P...

Other symbols:ANLE
5 months ago - GuruFocus

Seritage Growth Properties Announces Amendment to Senior Secured Term Loan Agreement

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 an amendment to Ser...

5 months ago - Business Wire

Landmark Land Holdings Sells 11-Acre Site to City of Alexandria's Industrial Development Agency

POTOMAC, Md., Nov. 23, 2021 /PRNewswire/ -- Landmark Land Holdings, LLC—a joint venture that includes Foulger-Pratt, The Howard Hughes Corporation® (NYSE: HHC) and Seritage Growth Properties (NYSE: SRG)...

Other symbols:HHC
6 months ago - PRNewsWire

How Buffett Influenced Seritage Growth Properties' Outlook

Many investors follow the buying and selling activity of Warren Buffett (Trades, Portfolio)'s conglomerate, Berkshire Hathaway ( BRK.A , Financial) ( BRK.B , Financial), closely.

6 months ago - GuruFocus

This REIT Just Abandoned Its Strategy

Seritage Growth Properties wants to focus on residential development.

6 months ago - The Motley Fool

This REIT Finally Gave Investors a Reason to Be Optimistic

We're still a long way from the finish line, but this is a good first step.

6 months ago - The Motley Fool

Seritage Growth Properties' Vision Is Finally Starting to Come to Life

This redevelopment-focused REIT just took a big step in the right direction.

6 months ago - The Motley Fool