|Bid||35.00 x 1000|
|Ask||44.25 x 1400|
|Day's Range||44.01 - 45.02|
|52 Week Range||34.07 - 50.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||1.00 (2.81%)|
|1y Target Est||39.00|
Sears Holdings will close its location in the Park North Shopping Center, near North Star Mall, by mid-July. While the company announced on May 31 that it would close 72 of its U.S. stores — 15 Kmart locations and 48 Sears locations — it later released a list of only 63 locations that would be closing, leaving off the Park North location. Seritage Growth Properties — which obtained ownership of 265 Sears and Kmart locations from Sears Holding, which then leased them from Seritage — is "recapturing" the store at Park North as allowed under an agreement that the two companies reached in 2015, the spokesman said in an email.
Seritage Growth Properties (SRG) announced today that Sharon Osberg has been appointed to the Company’s Board of Trustees as an independent trustee. Upon her appointment, effective today, Ms. Osberg will serve on the Board’s Compensation Committee. “We are very pleased to welcome Sharon Osberg to the Board of Trustees of Seritage,” stated Edward S. Lampert, Chairman of the Board of Trustees of Seritage Growth Properties.
Earlier this year, Seritage's management hinted that forming joint ventures for its best real estate would be a priority beginning in 2018. Following an initial deal in March, Seritage announced two more joint ventures this week.
Seritage Growth Properties and Invesco Real Estate, a global real estate investment manager, today announced a joint venture partnership to own The Collection at UTC, the adaptive re-use of the existing Sears store and auto center at Westfield UTC in La Jolla, California.
Seritage Growth Properties (SRG) and First Washington Realty, a national real estate investment and management company, today announced a joint venture partnership to own The Corbin Collection, the 163,700 square foot redevelopment of the former Sears store and auto center in West Hartford, Connecticut. Seritage sold a 50% interest in the project to an affiliate of First Washington Realty, and received proceeds of approximately $23 million at closing, which it utilized primarily to repay existing mortgage debt associated with the property.
Seritage Growth Properties (SRG) announced today that Kenneth T. Lombard has been appointed Executive Vice President and Chief Operating Officer, effective on May 20, 2018. Mr. Lombard will report to Benjamin Schall, President and Chief Executive Officer and join the Executive Team consisting of Brian Dickman (Executive Vice President and Chief Financial Officer), Matthew Fernand (Executive Vice President and General Counsel), James Bry (Executive Vice President of Development and Construction), and Mary Rottler (Executive Vice President of Leasing and Operations).
Zacks Industry Outlook Highlights: RealPage, DDR, Seritage Growth Properties, New Senior Investment Group and Mack-Cali Realty
Redevelopment plans for the site of a Sears store that's closing in the Westfield Galleria at Roseville are coming into focus.
NEW YORK (AP) _ Seritage Growth Properties (SRG) on Thursday reported a key measure of profitability in its first quarter. The real estate investment trust, based in New York, said it had funds from operations of $12.4 million, or 22 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry.
Seritage Growth Properties , a national owner of 249 retail properties totaling approximately 39 million square feet of gross leasable area , today reported financial and operating results for the quarter ended March 31, 2018.
NEW YORK, May 03, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Systemax ...
Seritage Growth Properties announced today that it will release its first quarter 2018 financial and operating results in a press release on Thursday, May 3, 2018, after the market close.
Sears stores at the Westfield Galleria at Roseville and Sunrise Mall in Citrus Heights are reportedly on a new list of pending closures announced by the struggling retailer Tuesday.
Seritage Growth Properties (NYSE:SRG), a reits company based in United States, saw significant share price volatility over the past couple of months on the NYSE, rising to the highs ofRead More...
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Seritage Growth Properties has sold a 50% interest in one of its premier properties as it works to raise capital to pay down debt and fund its redevelopment pipeline.
NEW YORK, March 22, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Seritage Growth Properties and Invesco Real Estate, a global real estate investment manager, today announced a joint venture partnership to own The Mark 302, the mixed-use redevelopment of the former Sears building in downtown Santa Monica, California.
Moody's Investors Service, ("Moody's") has downgraded the ratings on four classes and affirmed the ratings on three classes in J.P. Morgan Chase Commercial Mortgage Securities Trust 2015-SGP, ...
Last quarter, Seritage Growth Properties paid the price as its main tenant -- Sears Holdings -- vacated numerous stores in the REIT's portfolio. However, Seritage continued to make strong progress signing up new tenants to replace Sears at higher rents.
The New York-based real estate investment trust said it had funds from operations of $11.5 million, or 21 cents per share, in the period. Funds from operations is a closely watched measure in the REIT ...