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Seritage Growth Properties - SRG STOCK NEWS

Welcome to our dedicated news page for Seritage Growth Properties (Ticker: SRG), a resource for investors and traders seeking the latest updates and insights on Seritage Growth Properties.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Seritage Growth Properties's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Seritage Growth Properties's position in the market.

News
Seritage Growth Properties Makes $50 Million Loan Prepayment
Rhea-AI Summary
Seritage Growth Properties (NYSE: SRG) has made a $50 million voluntary prepayment towards its $1.6 billion term loan facility provided by Berkshire Hathaway. The company has repaid a total of $1.32 billion since December 2021, with $280 million remaining outstanding. The prepayments will reduce Seritage's annual interest expense by approximately $3.5 million, totaling $92.4 million saved since December 2021.
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Seritage Growth Properties Reports Fourth Quarter and Full Year 2023 Operating Results
Rhea-AI Summary
Seritage Growth Properties (SRG) reports financial and operating results for 2023, selling 68 assets for $842.7 million and paying down $670 million of debt. The company shows positive financial progress.
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Rhea-AI Sentiment
End-of-Day
0.83%
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earnings
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Seritage Growth Properties Makes $30 Million Loan Prepayment
Rhea-AI Summary
Seritage Growth Properties (SRG) announced a voluntary prepayment of $30 million towards its $1.6 billion term loan facility provided by Berkshire Hathaway. The company has now repaid a total of $1.27 billion since December 2021, with $330 million remaining outstanding. The prepayment will reduce Seritage's total annual interest expense by approximately $2.1 million, with cumulative repayments reducing the total annual interest expense by approximately $88.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
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Seritage Growth Properties Reports Third Quarter 2023 Operating Results
Rhea-AI Summary
Seritage Growth Properties (NYSE: SRG) reported financial and operating results for the three and nine months ended September 30, 2023. The company made significant progress on asset sales, grossing more than $156 million during the quarter. They remain focused on their balance sheet, keeping ample cash balances while using excess proceeds to progressively pay down their debt. The company has eight assets under contract for anticipated gross proceeds of $78.0 million. They continue to press on with their plan of sale with a continued focus on delivering value to their shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.13%
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earnings
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Seritage Growth Properties Makes $80 Million Loan Prepayment
Rhea-AI Summary
Seritage Growth Properties makes voluntary prepayment of $80 million towards term loan facility, reducing total annual interest expense by $5.6 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
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Seritage Growth Properties Reports Second Quarter 2023 Operating Results
Rhea-AI Summary
Seritage Growth Properties (NYSE: SRG) reported financial and operating results for the three and six months ended June 30, 2023. The company has sold 127 properties for $1.4 billion in gross proceeds, paid down $960 million on its term loan, and has over $200 million of assets under contract or with accepted offers. The company is making progress on its strategy to maximize value for shareholders.
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Rhea-AI Sentiment
End-of-Day
-9.67%
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earnings
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Seritage Growth Properties Makes $50 Million Loan Prepayment
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Seritage Growth Properties Makes $200 Million Loan Prepayment
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End-of-Day
1.76%
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Seritage Growth Properties Reports First Quarter 2023 Operating Results
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End-of-Day
3.59%
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earnings
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Seritage Growth Properties Provides Update on Q1 2023 Transaction Activity
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End-of-Day
2.14%
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Stock SRG logo
Seritage Growth Properties

NYSE:SRG

SRG Rankings

#2899 Ranked by Market Cap
#4037 Ranked by Stock Gains
N/A Ranked by Dividends

SRG Stock Data

526.62M
36.22M
39.52%
50.57%
12.74%
Lessors of Other Real Estate Property
Real Estate and Rental and Leasing
Link
US
New York

About SRG

seritage growth properties (nyse: srg) is a publicly traded real estate investment trust headquartered in new york city. the company’s portfolio of 266 properties, consisting of approximately 42 million square feet of retail space is broadly diversified across 49 states and puerto rico. the majority of our properties are master leased to sears holdings and are operated under either the sears or k-mart brand. a number of our properties are leased to leading national retailers such as nordstrom rack, wal-mart and dicks sporting goods. seritage is uniquely positioned to re-tenant and redevelop our portfolio of prime real estate into first class multi-tenant shopping centers. employment our portfolio and platform present a unique opportunity for growth both as a company and individually. we are seeking experienced, energetic and innovative professionals to join our dynamic and growing team as we embark on the re-tenanting and redevelopment of our properties to their highest and best use. w