Seritage Growth Properties
New York Stock ExchangeRecent
price
P/E
ratio
div
yld
- -
ROIC.AI
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Similar Companies
- Business
- Seritage Growth Properties is a real estate investment trust (REIT) engaged primarily in the ownership, development, redevelopment, management, sale, and leasing of retail, residential, and mixed-use properties across the United States. Its portfolio includes approximately 1.7 million square feet of gross leasable area (GLA) or build-to-suit leased area and 274 acres of land, distributed across 17 properties held through wholly owned assets and unconsolidated joint ventures. The company's core offerings encompass retail spaces, including multi-tenant shopping centers, premier mixed-use developments, and land for future redevelopment projects, targeting retail tenants and mixed-use residential and commercial markets. Founded in 2015 and headquartered in New York City, Seritage was originally formed to unlock value from a high-quality retail real estate portfolio acquired from Sears Holdings. In the last 1-2 years, Seritage Growth Properties has undergone significant operational and financial transformations, including making voluntary prepayments totaling $1.4 billion on its $1.6 billion term loan facility, thereby reducing annual interest expenses and strengthening its balance sheet. The company has actively pursued asset sales and currently has multiple properties under contract or in purchase and sale agreement negotiations anticipated to generate substantial proceeds, with some sales expected to close by the end of 2025 and others projected into 2026. Recent notable transactions include the sale of a property in Aventura, Florida for $131 million and ongoing sales negotiations for several other assets with potential gross proceeds exceeding $226 million. These moves reflect Seritage's strategic shift toward streamlining its portfolio and focusing on high-value development and redevelopment opportunities. Additionally, the company has invested in tenant leasing costs and continues to achieve strong occupancy rates, especially in multi-tenant retail and premier mixed-use assets. Seritage operates nationally within the real estate sector, targeting diverse markets through its retail and mixed-use real estate segments. Its operations are supported by property management services and development expertise aimed at enhancing asset value and tenant engagement. The company maintains a disciplined approach to portfolio management, balancing property sales with selective reinvestment in development and redevelopment projects to capitalize on market trends and unlock shareholder value. Seritage remains self-managed and self-administered, with a focus on executing its strategic plan to maximize value from its remaining assets while actively managing debt and capital structure to support growth and liquidity optimization. This comprehensive real estate platform combines property ownership, rental income generation, development expertise, and strategic asset disposition, positioning Seritage Growth Properties as a focused player in the U.S. retail and mixed-use real estate markets. Its recent financial and operational initiatives underscore an emphasis on debt reduction, asset optimization, and development-driven growth to adapt to evolving market conditions.
CORCORAN ANNOUNCES FIRST AFFILIATE ON LONG ISLAND WITH LAUNCH OF CORCORAN SRG RESIDENTIAL
Seritage Growth Properties Reports First Quarter 2026 Operating Results
Seritage Growth Properties Reports First Quarter 2026 Operating Results
Beeline Announces Strategic Partnership with Structured Real Estate Group (SRG) to Integrate Its Embedded Mortgage and Title Solutions into SRG's AI-Driven Real Estate Platform
Financial Comparison: National Storage Affiliates Trust (NYSE:NSA) and Seritage Growth Properties (NYSE:SRG)
Seritage Growth Properties: Limited Recent Asset Sale Progress (Rating Downgrade)
Seritage Growth Properties Reports Fourth Quarter and Full Year 2025 Operating Results
Reviewing CareTrust REIT (NYSE:CTRE) and Seritage Growth Properties (NYSE:SRG)
Seahawk Announces Definitive Agreements for Proposed Acquisition of Arizona and New Mexico Property Portfolio
SRG Global Limited (SRGGF) Q2 2026 Earnings Call Transcript
Seritage Growth Properties (NYSE:SRG) Shares Cross Below 50 Day Moving Average – Should You Sell?
What Moved Markets This Week
Seritage Growth Properties: Term Loan Debt Reduced After Aventura Sale
Seritage Growth Properties (NYSE:SRG) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?
Seritage Growth Properties (NYSE:SRG) and SBA Communications (NASDAQ:SBAC) Critical Contrast
Seritage Growth Properties (NYSE:SRG) Stock Price Crosses Below 50 Day Moving Average – Here’s Why
Seritage Growth Properties Makes $20 Million Loan Prepayment
Seritage Growth Properties Makes $130 Million Loan Prepayment
Beware Of The Risk Of The 7.4% Preferred Yield Of Seritage Growth Properties
Seritage Growth Properties Reports Third Quarter 2025 Operating Results