|Bid||37.60 x 900|
|Ask||55.00 x 900|
|Day's Range||40.83 - 43.22|
|52 Week Range||34.07 - 51.89|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||1.00 (2.22%)|
|1y Target Est||44.00|
Sears Holding Corp. (NASDAQ: SHLD) is preparing a bankruptcy filing, according to multiple media reports, and depending on how that goes it could leave multiple big-box retail stores vacant around the Phoenix area. The newspaper also reported some of Sears’ largest lenders are asking the company to liquidate rather than reorganize. Edward Lampert, Sears’ CEO, largest shareholder and largest creditor, is reportedly also looking for an out-of-court reorganization that would keep the company running but would mean closing a number of stores, selling off some brands and getting rid of more than $1 billion worth of real estate. No matter what path Sears management decides to take, there is a chance some, if not all, of the five remaining Sears stores around the Valley could shutter.
It won’t be easy, but the project could find success with Orlando’s most prominent developer, experts say.
NEW YORK, Oct. 11, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
The bankruptcy filing would end a standoff between Chief Executive Officer Eddie Lampert, the retailer's biggest shareholder and lender, and a special board committee the company has formed to consider a rescue plan proposed by Lampert that would involve asset sales and a debt restructuring. The committee has been resisting the plan amid concerns that creditors and shareholders would sue over it being too favourable for Lampert.
Upon its creation in June 2015, Seritage absorbed a portfolio of 235 properties from Sears Holdings, consisting of approximately 36.7 million square feet of building space diversified across 49 states and Puerto Rico. As Sears has trudged toward going out of business, Seritage shareholders have enjoyed a nearly 15% return year to date. Many shareholders are expecting more of the same dichotomous return as Sears potentially liquidates and opens up Seritage properties to "superior terms" agreements with high-rent clientele like Equinox.
Sears Holdings reportedly has one foot in the grave. Yahoo Finance looks at why billionaire Warren Buffett will still come out a winner if Sears goes bust.
Whittall is the latest developer to attempt to resuscitate the shopping center on Colonial Drive, which has has changed hands at least four times since 2004.
Seritage Growth Properties (SRG) (“Seritage”), a national owner and developer of retail and mixed-use projects, is pleased to announce that it has entered into a lease with Equinox, the high performance lifestyle leader, to open a 33,000 square foot high end health club facility at The Collection at UTC, a premier redevelopment property in La Jolla, California. In May 2018, Seritage and Invesco Real Estate, a global real estate investment manager, announced a joint venture partnership to own The Collection at UTC. The Partnership commenced construction in May 2018 to convert the former Sears store and auto center at Westfield UTC into a diverse collection of growing retailers and leading dining, entertainment and fitness concepts, totaling over 225,000 square feet.
The first piece of Seritage Growth Properties' (NYSE: SRG) $20 million Orlando Fashion Square mall project is in place and open for business as Georgia-based Floor & Decor (NYSE: FND) officially will open a new 70,113-square-foot retail store and design center at 3111 E Colonial Drive on Oct. 4. The location replaces the 42,376-square-foot Floor & Decor at the nearby Colonial Plaza shopping center, and currently is in soft opening mode and hiring. "The team from the other location is coming here, but we also have 15-20 additional open positions," store manager Rafael Gonzalez told Orlando Business Journal during an Oct. 1 tour.
Sears Holdings is still Seritage Growth Properties' primary tenant. But while that's not ideal, Seritage isn't likely to face financial distress even if its former parent is forced into bankruptcy
Seritage Growth Properties (NYSE:SRG), which is in the reits business, and is based in United States, saw a decent share price growth in the teens level on the NYSE overRead More...
Seritage Growth Properties (SRG), a national owner and developer of retail and mixed-use projects, along with its joint venture partner Invesco Real Estate, a global real estate investment manager, today announced that construction has commenced to transform the former Sears building located in the heart of Santa Monica into The Mark 302, an iconic creative office and retail destination situated blocks from the beach in one of the most desirable locations in the country.
Famous Wall Street investors are making big bets on these three stocks. Here's what you need to know to decide if you should follow.
NEW YORK, Aug. 08, 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 ON ...
Most of Seritage's key financial metrics deteriorated last quarter. However, leasing activity accelerated and asset sales covered the Sears spinoff's redevelopment spending.
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.
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.
Seritage Growth Properties , a national owner of 248 retail properties totaling approximately 39 million square feet of gross leasable area , today reported financial and operating results for the three and six months ended June 30, 2018.