STOCK TITAN

Seritage Growth Pptys Stock Price, News & Analysis

SRG NYSE

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

Seritage Growth Properties (NYSE: SRG) maintains this centralized news hub for investors tracking this retail-focused REIT's strategic developments. Access verified corporate announcements including quarterly earnings, property acquisitions, and redevelopment progress updates across its national portfolio of retail spaces.

Our news collection provides essential insights into SRG's leasing activities with major tenants and transformation of traditional retail assets into modern commercial spaces. Monitor key operational milestones through official press releases and third-party analysis of the company's market position.

This resource serves investors requiring timely updates on SRG's financial performance, tenant mix evolution, and value-creation strategies in the competitive retail REIT sector. Bookmark this page for direct access to primary source materials and curated market commentary.

Rhea-AI Summary

Seritage Growth Properties (NYSE: SRG) reported its financial results for Q1 2022, revealing a net loss of $53.4 million or $1.22 per share, while Total Net Operating Income stood at $10.5 million. The company announced its transition from a REIT to a C Corporation, allowing greater financial flexibility. During the quarter, 13 leases were signed, covering 249,000 square feet at an average rent of $47.84 PSF. The company also paused some asset sales during this transition. Subsequent to the quarter, additional leases and property sales have been initiated, indicating ongoing recovery efforts amidst strategic reviews.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.35%
Tags
-
Rhea-AI Summary

Seritage Growth Properties (SRG) announced that Amazon (AMZN) has signed a lease for 123,000 square feet at The Collection at UTC in La Jolla, California. This deal is expected to create over 700 corporate and tech jobs.

The Collection at UTC is 93% leased and includes 212,000 square feet of Class A office and retail space. This marks Seritage's largest office lease to date and is part of a broader vision to develop tech and life science hubs within their property portfolio.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
none
-
Rhea-AI Summary

Seritage Growth Properties (NYSE:SRG) announced the appointments of Talya Nevo-Hacohen, Mitchell Sabshon, and Mark Wilsmann to its Board of Trustees. This strategic move aims to enhance the board’s investment and transaction expertise, critical for optimizing the company's diverse property portfolio. Nevo-Hacohen has overseen $6 billion in investments at Sabra Health Care REIT, while Sabshon leads Inland Real Estate Investment Corporation. Wilsmann brings experience from MetLife’s $32 billion investment platform. The changes follow the resignations of David Fawer and Thomas Steinberg, leaving the board with eight members, seven of whom are independent.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.87%
Tags
management
Rhea-AI Summary

Seritage Growth Properties (NYSE: SRG) announced a strategic shift to terminate its election as a Real Estate Investment Trust (REIT) and convert to a C corporation, effective retroactively from January 1, 2022. This decision aims to provide greater flexibility in pursuing various strategic alternatives to maximize shareholder value. The Board has appointed Adam Metz as an independent trustee, bringing extensive real estate experience to assist in this transition. The ongoing strategic review process is expected to enhance the management of Seritage's diverse property portfolio.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
Tags
none
-
Rhea-AI Summary

Seritage Growth Properties (SRG) announced its financial results for Q4 and full year 2021, reporting net income of $71.7 million for Q4 but a net loss of $33 million for the year. The company achieved a Total Net Operating Income (NOI) of $10.5 million in Q4 and $35.5 million for the year. Key highlights include lease signings covering 242,000 sq. ft., advancements in residential and mixed-use projects, and $191.6 million in gross proceeds from asset dispositions. The board is exploring strategic alternatives to enhance shareholder value, with cash reserves of $113.8 million available.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.95%
Tags
-
Rhea-AI Summary

Seritage Growth Properties (NYSE:SRG) will announce its fourth quarter 2021 financial and operating results in a press release on March 15, 2022. The company focuses on the ownership, development, and leasing of diversified properties across the U.S. As of September 30, 2021, Seritage's portfolio includes interests in 170 properties totaling approximately 10.0 million square feet of gross leasable area (GLA), with a significant portion held by unconsolidated entities. The company has around 600 acres under development and approximately 850 acres slated for disposal.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.26%
Tags
Rhea-AI Summary

Seritage Growth Properties (NYSE:SRG) has initiated a strategic review process to explore alternatives for enhancing shareholder value. The Board's decision is driven by perceived undervaluation of the company’s stock relative to its net asset value. The portfolio includes 170 properties with potential for diverse revenue streams. CEO Andrea Olshan stated the company is focused on diversifying tenants and optimizing property usage. Edward Lampert has retired as Chair of the Board, citing personal investment flexibility as a reason. A Special Committee has been formed to oversee the review process.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.75%
Tags
none
-
Rhea-AI Summary

Seritage Growth Properties (NYSE: SRG) has appointed John Garilli as interim CFO, effective January 14, 2022, following Amanda Lombard's departure. Garilli, who has been a consultant and brings over 15 years of real estate experience, is expected to enhance financial leadership. Andrea Olshan, CEO, expressed confidence in Garilli’s capabilities, citing his familiarity with the business and significant REIT experience. As of September 30, 2021, Seritage managed 170 properties encompassing approximately 10 million square feet of GLA.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.92%
Tags
management
-
Rhea-AI Summary

Seritage Growth Properties (NYSE: SRG) announced a voluntary prepayment of $160 million on its $1.6 billion term loan with Berkshire Hathaway. This prepayment will reduce annual interest expenses by approximately $11 million. Following this transaction, the remaining term loan balance is $1.44 billion. Additionally, the maturity date of the loan has been extended to July 31, 2025, contingent on reducing the principal to $800 million by that date.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.4%
Tags
none
Rhea-AI Summary

Seritage Growth Properties (NYSE: SRG) has promoted Executive Vice President Eric Dinenberg to Chief Operating Officer, effective January 1, 2022. Dinenberg will collaborate with President and CEO Andrea Olshan to execute the company's portfolio repositioning strategy. Olshan praised Dinenberg's expertise in development and operations, highlighting his crucial role in unlocking the portfolio's full value for shareholders. As of September 30, 2021, Seritage's portfolio included 170 properties with approximately 10 million square feet of gross leasable area.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
none

FAQ

What is the current stock price of Seritage Growth Pptys (SRG)?

The current stock price of Seritage Growth Pptys (SRG) is $3.3 as of July 29, 2025.

What is the market cap of Seritage Growth Pptys (SRG)?

The market cap of Seritage Growth Pptys (SRG) is approximately 184.7M.
Seritage Growth Pptys

NYSE:SRG

SRG Rankings

SRG Stock Data

184.74M
32.22M
41.08%
50.61%
10.32%
Real Estate Services
Real Estate
Link
United States
NEW YORK