Strategic Realty Trust, Inc.
SGIC
Other OTC0.08
USD
- -
- -
CIK
0001446371
ISIN
US86278B1098
Return %
Stock
S&P500
1Y
33.33
17.85
3Y
-88.73
64.56
5Y
-94.29
69.89
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Domenic Lanni
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- PO Box 5049 San Mateo CA United States of America 94402
- IPO Date
- Feb 2, 2021
- CIK
- 0001446371
- Website
- srtreit.com
- Similar Companies
- Business
- Strategic Realty Trust, Inc. operates as a real estate investment trust focused on investing in and managing a portfolio of income-producing retail properties primarily located on the West Coast of the United States. Its core portfolio consists of high-quality urban and street retail properties aimed at delivering solid growth prospects, strong cash flows, and visible value appreciation characteristics. The company conducts its business through its operating partnership, Strategic Realty Operating Partnership, L.P., owning substantially all of its assets. Founded in 2008 and headquartered in Chicago, Illinois, Strategic Realty Trust has traditionally specialized in retail real estate investments. In recent developments, Strategic Realty Trust has completed the sale of all its remaining operating assets, including the final disposition of the Silverlake Collection in Southern California for approximately $12.4 million. With the proceeds, the company repaid all outstanding indebtedness in full, including an $8.7 million loan, and is now in the process of winding down operations and preparing for liquidation and dissolution. Following a strategic shift approved in August 2023, the company plans to file its articles of dissolution as part of the orderly wind-down, ceasing normal stock transfers and evaluating the timing of its final liquidating distribution. Additionally, the company appointed Domenic Lanni as chief executive officer and Whitney Robinette as chief operating officer during this wind-down phase. Strategic Realty Trust’s product offering historically comprised investments in income-producing properties characterized by retail spaces in urban settings, mainly on the U.S. West Coast. The company’s operations have been centered on the management and disposition of these properties to maximize shareholder value prior to its planned dissolution. Its target customers were institutional and private investors seeking exposure to retail real estate assets. The company has no current active property portfolio, reflecting the completion of its asset sales and the pivot towards formal liquidation processes.
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