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Stock impact report

Seritage Growth Properties Reports First Quarter 2022 Operating Results

Seritage Growth Properties Class A (SRG) 
NASDAQ:AMEX Investor Relations: ir.seritage.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of 161 retail, residential and mixed-use properties today reported financial and operating results for the three months ended March 31, 2022.“2022 is off to a great start. The quarter has been marked by strong momentum in leasing, significant new tenant openings, progress on current developments and entitlements, as well as robust sales activity on the disposition pipeline. This quarter demonstrates that even while exploring strategic alternatives for the Company, we can and will continue implementing our value creation activities across every facet of the portfolio” said Andrea Olshan, Chief Executive Officer and President.REIT StatusOn March 31, 2022, the Company announced that its Board of Trustees, with the recommendation of the Special Committee, approved a plan to terminate the Company's REIT status and become a taxable C Corporation, effective for the year endin Show less Read more
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