Seritage Growth Properties (SRG)
| Market Cap | 479.76M |
| Revenue (ttm) | 116.31M |
| Net Income (ttm) | -77.53M |
| Shares Out | 56.84M |
| EPS (ttm) | -1.79 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 234,235 |
| Open | 8.24 |
| Previous Close | 8.17 |
| Day's Range | 8.21 - 8.49 |
| 52-Week Range | 7.47 - 20.09 |
| Beta | 2.12 |
| Analysts | Sell |
| Price Target | n/a |
| Earnings Date | May 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...
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 StatementsNews
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...
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...
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...
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...
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...
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.
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.
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...
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...
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.
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...
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.
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...
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%.
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?
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, ...
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...
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...
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...
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...
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)...
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.
This REIT Just Abandoned Its Strategy
Seritage Growth Properties wants to focus on residential development.
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.
Seritage Growth Properties' Vision Is Finally Starting to Come to Life
This redevelopment-focused REIT just took a big step in the right direction.