|Bid||34.75 x 1200|
|Ask||50.00 x 900|
|Day's Range||42.05 - 43.09|
|52 Week Range||34.07 - 50.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.00 (2.81%)|
|1y Target Est||N/A|
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.
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.
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.
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 ...
Investors shouldn't ignore the risk related to the Italian election, says UBS. A political shock could trigger 10-15% downside for Italian equities relative to Europe, they warned.
Seritage has a much lower dividend yield than most REITs, but it has huge unappreciated opportunities to grow its rental income stream.
To improve productivity, Sears Holdings (SHLD) has been downsizing its store footprint by closing unprofitable stores as well as opening new smaller format stores. The company’s fiscal 3Q17 revenues were down 27% mostly due to store closures and reduction in comps (comparable store sales). In November 2017, the company had announced closures of another 45 Kmart stores and 18 Sears domestic stores.
Seritage Growth Properties gets most of its rent from Sears and Kmart. But the numerous store closures at both chains won't hurt Seritage as it works to increase its rental income and diversify its tenant base.
With the closing of 103 Sears and Kmart Stores in low-traffic venues, Eddie Lampert's salvage operation for Sears just got at least a little more challenging.
On the 11 January 2018, Seritage Growth Properties (NYSE:SRG) will be paying shareholders an upcoming dividend amount of $0.25 per share. However, investors must have bought the company’s stock beforeRead More...
Creating small-format Sears stores that focus on selling appliances and mattresses seems like a smart idea. But Sears waited way too long to move in this direction.