Seritage Growth Properties (SRG)

NYSE: SRG · IEX Real-Time Price · USD
6.14
-0.07 (-1.13%)
At close: May 17, 2024, 4:00 PM
6.16
+0.02 (0.33%)
Pre-market: May 20, 2024, 8:55 AM EDT
-1.13%
Market Cap 345.49M
Revenue (ttm) 25.87M
Net Income (ttm) -116.81M
Shares Out 56.27M
EPS (ttm) -2.09
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 635,879
Open 6.21
Previous Close 6.21
Day's Range 6.10 - 6.26
52-Week Range 5.65 - 9.92
Beta 2.62
Analysts Strong Buy
Price Target 14.00 (+128.01%)
Earnings Date May 10, 2024

About SRG

Prior to the adoption of the Company's Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Seritage will continue to actively manage each location until such time as each property is sold. As of December 31, 2023, the Company's portfolio consisted of interests in 32 properties comprised of approximately 4.1 million square feet of gross leasable area ("GLA") or build-to-suit leased area and 460 acres.... [Read more]

Industry REIT - Retail
Sector Real Estate
IPO Date Jul 6, 2015
Employees 19
Stock Exchange NYSE
Ticker Symbol SRG
Full Company Profile

Financial Performance

In 2023, SRG's revenue was $20.78 million, a decrease of -80.59% compared to the previous year's $107.06 million. Losses were -$159.81 million, 102.7% more than in 2022.

Financial Statements

Analyst Forecast

According to one analyst, the rating for SRG stock is "Strong Buy" and the 12-month stock price forecast is $14.0.

Price Target
$14.0
(128.01% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Seritage Growth Properties and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Seritage Growth Pr...

22 hours ago - Accesswire

IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Seritage Growth Properties and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Seritage Growth Pr...

1 day ago - Accesswire

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Seritage Growth Properties (SRG) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Seritage Growth P...

2 days ago - Business Wire

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Seritage Growth Properties and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Seritage Growth Pr...

2 days ago - Accesswire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Seritage Growth Properties - SRG

NEW YORK , May 16, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Seritage Growth Properties ("Seritage" or the "Company") (NYSE: SRG).  Such investors are advis...

3 days ago - PRNewsWire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Seritage Growth Properties (SRG) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Seritage Growth Properties (“Seritage” or the “Company”) (NYSE: SRG) investors concerning the Com...

3 days ago - Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of Seritage Growth Properties (SRG) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Seritage Growth Properties (“Seritage” or the “Company”) (NYSE: SRG) on behalf of investors concerning the ...

3 days ago - Business Wire

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Seritage Growth Properties and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 15, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Seritage Growth Pr...

4 days ago - Accesswire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Seritage Growth Properties and Encourages Investors to Contact the Firm

LOS ANGELES , May 14, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Seritage Growth Prope...

5 days ago - PRNewsWire

Top 3 Real Estate Stocks That May Rocket Higher This Month - LuxUrban Hotels (NASDAQ:LUXH)

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Other symbols: LUXHFLJ
7 days ago - Benzinga

Seritage Growth Properties Reports First Quarter 2024 Operating Results

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating...

9 days ago - Business Wire

Seritage Growth Properties Makes $50 Million Loan Prepayment

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today announced that between April 23...

25 days ago - Business Wire

Seritage Growth Properties Reports Fourth Quarter and Full Year 2023 Operating Results

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating...

6 weeks ago - Business Wire

Seritage Growth Properties Makes $30 Million Loan Prepayment

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today announced that on January 30, 2...

3 months ago - Business Wire

Seritage Growth Properties Reports Third Quarter 2023 Operating Results

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating...

6 months ago - Business Wire

Seritage Growth Properties Makes $80 Million Loan Prepayment

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today announced that on September 26,...

8 months ago - Business Wire

Seritage Growth Properties Reports Second Quarter 2023 Operating Results

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating...

9 months ago - Business Wire

Why Warren Buffett Steers Clear of Real Estate

“Real estate is not a commodity. I think it tends to be more accurately priced most of the time.

Other symbols: BXSKT
10 months ago - GuruFocus

Seritage Growth Properties Makes $200 Million Loan Prepayment

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today announced that on May 25, 2023,...

1 year ago - Business Wire

Seritage Growth Properties Reports First Quarter 2023 Operating Results

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating...

1 year ago - Business Wire

Seritage Growth Properties Provides Update on Q1 2023 Transaction Activity

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today provided an update on the Compa...

1 year ago - Business Wire

Seritage Growth Properties Reports Fourth Quarter and Full Year 2022 Operating Results

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating...

1 year ago - Business Wire

SRG 2022 Year End Business Update

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today provided an update on the Com...

1 year ago - Business Wire

Seritage Growth Properties Makes $100 Million Loan Prepayment

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today announced that on November 30...

1 year ago - Business Wire

Seritage Growth Properties Reports Third Quarter 2022 Operating Results

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating...

1 year ago - Business Wire