SRG - Seritage Growth Properties

NYSE - NYSE Delayed Price. Currency in USD
49.89
+0.33 (+0.67%)
At close: 4:02PM EDT
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Previous Close49.56
Open49.51
Bid48.20 x 800
Ask49.89 x 800
Day's Range49.27 - 49.95
52 Week Range34.07 - 50.49
Volume189,573
Avg. Volume390,688
Market Cap2.784B
Beta1.09
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.00 (2.02%)
Ex-Dividend Date2018-09-27
1y Target EstN/A
Trade prices are not sourced from all markets
  • Lane4 has no interest in Metcalf South Sears, leaving property searching for a future
    American City Business Journals10 days ago

    Lane4 has no interest in Metcalf South Sears, leaving property searching for a future

    Nearly a year after closing, the former Sears and Sears Auto Center in Overland Park at 9701 Metcalf Ave. remain on the market for lease.

  • Seritage Growth Properties Delivers Mixed Second-Quarter Results
    Motley Fool13 days ago

    Seritage Growth Properties Delivers Mixed Second-Quarter Results

    Most of Seritage's key financial metrics deteriorated last quarter. However, leasing activity accelerated and asset sales covered the Sears spinoff's redevelopment spending.

  • Associated Press17 days ago

    Seritage Growth Properties: 2Q Earnings Snapshot

    NEW YORK (AP) _ Seritage Growth Properties (SRG) on Thursday reported a key measure of profitability in its second quarter. The real estate investment trust, based in New York, said it had funds from operations of $8.5 million, or 15 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry.

  • The Wall Street Journal18 days ago

    [$$] Sears CEO Gets Boost From Berkshire's Bet on Properties

    Corp. provided a payday for the retailer’s CEO as he extends credit to keep Sears running and mulls potential asset deals. Seritage also paid back $1.1 billion in debt to JPMorgan Chase & Co. and H/2 Capital Partners.

  • Here's Why Seritage Growth Properties Stock Is Soaring Today
    Motley Fool19 days ago

    Here's Why Seritage Growth Properties Stock Is Soaring Today

    The REIT got a big vote of confidence from the Oracle of Omaha.

  • $20M makeover nears completion at Orlando Fashion Square (PHOTOS)
    American City Business Journals19 days ago

    $20M makeover nears completion at Orlando Fashion Square (PHOTOS)

    The anchors of Seritage Growth Properties' (NYSE: SRG) 10,341-square-foot Shoppes at Orlando Fashion Square are nearing completion. Only signage and a few exterior details are missing from the 40,000-square-foot Orchard Supply Hardware store and 60,000-square-foot Floor & Decor (NYSE: FND), both now in place at Orlando Fashion Square Mall's former Sears location by the northeast corner of East Colonial Drive and Maguire Boulevard.

  • Bloomberg19 days ago

    Buffett-Backed Seritage Jumps Most Since 2015 on $2 Billion Loan

    Seritage Growth Properties, the real estate investment trust spun out of Sears Holdings Corp., climbed the most in more than two years after Warren Buffett’s Berkshire Hathaway Inc. agreed to provide the company with a $2 billion loan. The REIT’s shares rose 11 percent to $46.91 at 10:17 a.m. in New York, the most since December 2015. The loan facility with Berkshire Hathaway Life Insurance Co. of Nebraska will help the company refinance debt and boost capital.

  • CNBC19 days ago

    Sears' landlord just got a $2 billion vote of confidence from Buffett's Berkshire

    Seritage says it already has used part of the loan from Berkshire to repay an outstanding mortgage loan and unsecured term loan. The REIT plans to use the funds to forge ahead with its plans to redevelop the Sears properties in its portfolio. Warren Buffett himself was an early investor in Seritage and is still a top stakeholder.

  • Berkshire Hathaway Will Loan Seritage Growth Properties $2 Billion to Fund Its Transformation
    Motley Fool19 days ago

    Berkshire Hathaway Will Loan Seritage Growth Properties $2 Billion to Fund Its Transformation

    Seritage Growth Properties investors no longer have to wonder how the Sears Holdings spinoff will fund the redevelopment of its real-estate portfolio.

  • The Wall Street Journal19 days ago

    [$$] Berkshire Hathaway’s Newest Bet: Former Sears Properties

    Warren Buffett’s Berkshire Hathaway Inc. agreed to loan up to $2 billion to Seritage Growth Properties, a real-estate investment trust created by Sears Holding Corp. Seritage said it already used part of the loan to repay an outstanding mortgage loan and unsecured term loan. Sears spun off more than 200 of its top properties and joint venture interests to Seritage in 2015.

  • Reuters20 days ago

    Seritage Growth Properties secures $2.0 billion financing from Berkshire Hathaway

    A term loan facility is a financial assistance program offered by a lending institution to help a company that requires operating capital, that has to be repaid within a time limit. Seritage used a portion of the proceeds from the Initial Funding to fully repay its outstanding mortgage loan and unsecured term loan.

  • Reuters20 days ago

    Seritage Growth Properties secures $2.0 bln financing from Berkshire Hathaway

    Real-estate developer Seritage Growth Properties said on Tuesday it has entered into a $2.0 billion term loan facility with Berkshire Hathaway Life Insurance Company of Nebraska, a unit of The Berkshire Hathaway Reinsurance Group. A term loan facility is a financial assistance program offered by a lending institution to help a company that requires operating capital, that has to be repaid within a time limit. Seritage used a portion of the proceeds from the Initial Funding to fully repay its outstanding mortgage loan and unsecured term loan.

  • Berkshire Loans $2 Billion to Real Estate Firm Backed by Buffett
    Bloomberg20 days ago

    Berkshire Loans $2 Billion to Real Estate Firm Backed by Buffett

    Warren Buffett bet his own money more than two years ago on the real estate empire that was spun out of Sears Holdings Corp. Now, his Berkshire Hathaway Inc. is helping finance the business. Berkshire agreed to provide a $2 billion loan to Seritage Growth Properties, the real estate investment trust owns Sears stores, as well as properties the department-store chain has vacated. Buffett bought 2 million shares in December 2015 that are valued at about $85 million.

  • Howard Hughes finalizing deal for Landmark Mall Sears
    American City Business Journals27 days ago

    Howard Hughes finalizing deal for Landmark Mall Sears

    Adding the Sears, and redeveloping all 52 acres, officials agree, would dramatically increase the development's impact on Alexandria's West End.

  • 3 Stocks for Warren Buffett Fans
    Motley Foollast month

    3 Stocks for Warren Buffett Fans

    If you are looking for Buffett stocks, these three stand out today for growth, value, and turnaround potential.

  • Is WISDMTR-IN D MC (DIM) a Hot ETF Right Now?
    Zackslast month

    Is WISDMTR-IN D MC (DIM) a Hot ETF Right Now?

    Smart Beta ETF report for DIM

  • Former Sears space at Westfield Broward could be repurposed
    American City Business Journalslast month

    Former Sears space at Westfield Broward could be repurposed

    The former Sears space at the Westfield Broward mall could be repurposed to include a GameTime bowling alley and arcade, in addition to restaurants, retailers and a fitness center. The Sears at the mall, 8000 W. Broward Blvd., recently closed. The 209,609-square-foot building is owned by Seritage Growth Properties (NYSE: SRG), which was formed to acquire the real estate from Sears and Kmart stores as those retailers downsize.

  • Sears to close store near North Star Mall
    American City Business Journals2 months ago

    Sears to close store near North Star Mall

    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 Forms New Real Estate Joint Ventures
    Motley Fool3 months ago

    Seritage Growth Properties Forms New Real Estate Joint Ventures

    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 (SRG) in Focus: Stock Moves 6.3% Higher
    Zacks3 months ago

    Seritage Growth (SRG) in Focus: Stock Moves 6.3% Higher

    Seritage Growth Properties (SRG) was a big mover last session, as the company saw its shares rise more than 6% on the day.

  • Zacks Industry Outlook Highlights: RealPage, DDR, Seritage Growth Properties, New Senior Investment Group and Mack-Cali Realty
    Zacks3 months ago

    Zacks Industry Outlook Highlights: RealPage, DDR, Seritage Growth Properties, New Senior Investment Group and Mack-Cali Realty

    Zacks Industry Outlook Highlights: RealPage, DDR, Seritage Growth Properties, New Senior Investment Group and Mack-Cali Realty

  • New future planned for Roseville Sears store site with more than $20 million project
    American City Business Journals4 months ago

    New future planned for Roseville Sears store site with more than $20 million project

    Redevelopment plans for the site of a Sears store that's closing in the Westfield Galleria at Roseville are coming into focus.

  • Associated Press4 months ago

    Seritage Growth Properties: 1Q Earnings Snapshot

    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.

  • Has Even Eddie Lampert Thrown in the Towel on Sears?
    Motley Fool4 months ago

    Has Even Eddie Lampert Thrown in the Towel on Sears?

    The chairman and CEO wants to remove the last vestiges of value from the troubled retailer.