Seritage Growth Properties (SRG)
| Market Cap | 886.83M |
| Revenue (ttm) | 125.48M |
| Net Income (ttm) | -100.19M |
| Shares Out | 38.65M |
| EPS (ttm) | -2.65 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.00 |
| Dividend Yield | 5.76% |
| Trading Day | January 26 |
| Last Price | $17.36 |
| Previous Close | $16.21 |
| Change ($) | 1.15 |
| Change (%) | 7.09% |
| Day's Open | 17.55 |
| Day's Range | 16.61 - 18.25 |
| Day's Volume | 571,779 |
| 52-Week Range | 6.49 - 39.35 |
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 ...
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 ro...
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.
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 ...
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 Preside...
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 rol...
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 gr...
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, Nov...
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”...
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 gr...
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, Au...
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.
The COVID-19 pandemic has severely disrupted Seritage Growth Properties' redevelopment plans. Now, the REIT is selling assets just to continue paying nearly $30 million of interest to Warren B...
The developer of mixed-use real estate is one of the biggest movers in the stock market.
The retail REIT is down more than 20%.
Retail REITs have been rallying sharply as the economy reopens.
Optimism abounds for real estate investment trusts -- for now, at least.
Reality Check: The Mall REIT Apocalypse Is Really Here
Investors are getting far more optimistic about the economy reopening, and for good reason.
The shopping center REIT is having an excellent day, and most of its peers are as well.
There's still tremendous uncertainty in these three companies, but they could be home runs for patient investors.
Seritage Growth Properties reported terrible first-quarter earnings, but there was some additional news that investors seemed to like.
There hasn't been much encouraging news for retail property owners, but that might be changing.
Things happened faster than the REIT was hoping, and now it has to lean on Buffett's Berkshire Hathaway for help.
Real estate has become a lot more accessible to everyday investors, and that trend is picking up even more speed.
These REITs Are Likely To Cut Their Dividend In 2020
Seritage Growth Properties has finally untethered itself from its former parent company.
The Oracle of Omaha has his money in these stocks, and here's why you might want to consider them as well.
The REIT is finally nearing an inflection point toward long-term growth.
Most of the damage from Sears and Kmart store closures is already baked into Seritage's results -- and the retail REIT has lots of new tenants set to begin paying rent over the next year or two.
The Sears spinoff is making progress on some of its larger-scale redevelopment opportunities, which take longer to pull off but have greater upside.
Seritage's first-quarter earnings were terrible thanks to Sears, but that hasn't changed anything about the long-term opportunity
Seritage Growth Properties is becoming less dependent on its top tenant with every passing quarter.
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 77 |
| Stock Exchange NYSE | Ticker Symbol SRG |
Financial Performance
In 2019, SRG's revenue was $168.63 million, a decrease of -21.48% compared to the previous year's $214.75 million. Losses were -$59.40 million, -19.16% less than in 2018.
Analyst Forecasts
The average 12-month stock price forecast for SRG is 16.00, which is a decrease of -7.83% from the latest price.