Seritage Growth Properties (SRG)
| 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 |
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.
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...
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...
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...
This unique real estate company could create billions in shareholder value.
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...
Think the entire stock market is too expensive right now? Think again.
The retail REIT is burning cash and struggling to sign up new tenants to fill the massive vacancies in its real estate portfolio.
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...
These stocks aren't huge yet but could grow to many times their current size.
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...
This REIT isn't for the faint of heart, but here's why investors with high risk tolerance should put it on their radar.
This unusual retail REIT could have tons of value creation potential in the years ahead.
There are still quite a few investors betting against these stocks.
It isn't just GameStop and AMC -- these real estate investment trusts are big shorting targets.
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...
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.
These three mall stocks spiked higher earlier in the week, but seem to be cooling off.
Here are four more stocks moving higher without any news.
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.
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...
We're seeing some interesting price action in this group, and there could be a good explanation for it.
Shares of mall landlords took off today. It looks like investors are starting to realize that the worst could be over.
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...
Seritage Growth properties has had a tough 2020. Both the CEO and the CFO left the company recently.
These REITs stand to benefit tremendously as the pandemic comes to an end, and could have lots of upside potential for investors.
Shares of retail-focused REIT Seritage Growth fell after another big top-level change was made. Here's what you need to know.
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.
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...
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.
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...
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...
These companies just got some much-needed reason for optimism.
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.
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...
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...
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...
Seritage Growth: A Billionaire Strong Buy
The virus disruption and the resulting economic uncertainty have cratered Seritage Growth Properties’ revenues by disrupting its tenants’ operations.
The retail REIT's redevelopment pipeline has been stalled due to COVID-19, causing it to continue burning cash.
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...
The REIT has been in turnaround mode since its IPO. Is the company starting to make more progress?
The REIT's core business model has been under stress, but a Wall Street Journal article suggests there are alternatives.
Seritage Growth Properties' strategy is particularly ill-suited to a pandemic.
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...
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...
Not all brick-and-mortar retail is doomed.
News has been more encouraging in this space in recent weeks.
There was good news in the retail space this morning, which got investors upbeat about these three different ways to play the niche.
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 |
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.
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.