Seritage Growth Properties

SRG

US81752R1005

Commercial REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-04-29 pm EDT			5-day change	1st Jan Change
9.35 ^USD	+0.32%		+0.65%	0.00%

Apr. 24	Seritage Growth Properties Makes $50 Million Loan Prepayment	CI
Apr. 04	Seritage Growth Properties Insider Sold Shares Worth $250,288, According to a Recent SEC Filing	MT

Seritage Growth Properties Reports Earnings Results for the Full Year Ended December 31, 2023

April 01, 2024 at 06:20 pm EDT

Seritage Growth Properties reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 15.06 million compared to USD 104.61 million a year ago. Revenue was USD 20.78 million compared to USD 107.06 million a year ago.

Net loss was USD 154.91 million compared to USD 73.95 million a year ago. Basic loss per share from continuing operations was USD 2.85 compared to USD 1.59 a year ago. Diluted loss per share from continuing operations was USD 2.85 compared to USD 1.59 a year ago.

Latest news about Seritage Growth Properties

Seritage Growth Properties Makes $50 Million Loan Prepayment	Apr. 24	CI
Seritage Growth Properties Insider Sold Shares Worth $250,288, According to a Recent SEC Filing	Apr. 04	MT
North American Morning Briefing : Stocks Seen -2-	Apr. 02	DJ
Seritage Growth Properties Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 01	CI
North American Morning Briefing : Markets Steady -2-	Mar. 26	DJ
North American Morning Briefing : Stock Futures -2-	Mar. 19	DJ
North American Morning Briefing : Inflation Data -2-	Mar. 12	DJ
Seritage Growth Properties Makes Loan Prepayment of $30 Million	Jan. 31	MT
Seritage Growth Properties Makes $30 Million Loan Prepayment	Jan. 30	CI
Seritage Growth Properties Insider Sold Shares Worth $658,620, According to a Recent SEC Filing	Jan. 16	MT
Seritage Growth Properties Insider Sold Shares Worth $521,971, According to a Recent SEC Filing	Dec. 14	MT
Seritage Growth Properties Insider Sold Shares Worth $417,248, According to a Recent SEC Filing	Nov. 30	MT
NewMark Merrill Companies, Inc. acquired 172,008-square-foot retail center Thousand Oaks from Seritage Growth Properties.	Nov. 28	CI
North American Morning Briefing : Stocks Seen -2-	Nov. 15	DJ
Seritage Growth Properties Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 08	CI
Earnings Flash (SRG) SERITAGE GROWTH PROPERTIES Reports Q3 Revenue $5M	Nov. 08	MT
An unknown buyer acquired Two vacant / non-income producing Non-Core assets of Seritage Growth Properties for $6.2 million.	Nov. 06	CI
Seritage Growth Properties Makes Loan Prepayment of $80 Million	23-09-27	MT
Seritage Growth Properties Makes $80 Million Loan Prepayment	23-09-26	CI
A storage company associated with Boston Capital LLC acquired an unknown minority stake in Tyron Square Mall from Seritage Growth Properties for $37.8 million.	23-09-21	CI
North American Morning Briefing : Focus Shifts to -2-	23-08-21	DJ
Earnings Flash (SRG) SERITAGE GROWTH PROPERTIES Reports Q2 Revenue $5.9M	23-08-14	MT
Seritage Growth Properties Announces Impairment on Development Property in Aventura, Florida for the Quarter Ended June 30, 2023	23-08-14	CI
Seritage Growth Properties Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-14	CI
Odeon Capital Initiates Seritage Growth Properties With Buy Rating, $14 Price Target	23-07-12	MT

Chart Seritage Growth Properties

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Company Profile

Seritage Growth Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). It is engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Its portfolio consisted of interests in over 32 properties comprised of approximately 4.1 million square feet of gross leasable area (GLA) or build-to-suit leased area and 460 acres of land. The portfolio consists of approximately 2.8 million square feet of GLA and 326 acres held by 23 wholly owned properties (the Consolidated Properties) and 1.2 million square feet of GLA and 134 acres held by nine unconsolidated entities. Its subsidiaries include Seritage SRC Finance LLC, Seritage KMT Finance LLC and Seritage SRC Mezzanine Finance LLC. Its assets are held by, and its operations are primarily conducted, directly or indirectly, through Seritage Growth Properties, L.P. (the Operating Partnership).

Sector

Commercial REITs

Calendar

2024-05-07 - Q1 2024 Earnings Release (Projected)

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Analysis / Opinion

An interesting opportunity in the real estate sector

August 02, 2022 at 04:55 am EDT

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.32 USD

Average target price

14 USD

Spread / Average Target

+50.21%

Consensus

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