Seritage Growth Properties Reports First Quarter 2024 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 retail, residential and mixed-use properties today reported financial and operating results for the three months ended March 31, 2024."We are continuing to advance our Plan of Sale, having sold $80 million of assets year to date and repaid an equal amount of debt in the process. Since the announcement of our strategic review and election to be taxed as a C-Corp two years ago, we have sold 151 assets for approximately $1.7 billion of gross proceeds and repaid roughly $1.2 billion in debt. Based on our broad transaction experience, we are seeing a few themes emerge. Assets previously underwritten for life sciences or tech office are now frequently being reconsidered for other uses in higher demand but with less aggressive rent profiles, which, taken together with high construction costs, drives down the amount that can be paid for land. We are also seeing investors
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News
- INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Seritage Growth Properties and Encourages Investors to Contact the FirmAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Seritage Growth Properties - SRGPR Newswire
- Seritage Growth Properties (SRG) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsAccesswire
- Seritage Growth Properties Investors: Company Investigated by the Portnoy Law FirmGlobeNewswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Seritage Growth Properties - SRGGlobeNewswire
SRG
Sec Filings
- 5/22/24 - Form 4
- 5/22/24 - Form SC
- 5/10/24 - Form 8-K
- SRG's page on the SEC website