Seritage Growth Properties Reports Fourth Quarter and Full Year 2023 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 year ended December 31, 2023.“In 2023, we sold 68 assets for gross proceeds of $842.7 million and paid down $670 million of debt. As of today, the overwhelming majority of our remaining assets have identified counterparties, are in the market or about to be launched. With respect to the remaining properties in our portfolio, these are assets for which we need to overcome important hurdles and/or achieve specific objectives prior to launching these assets for sale. We have a line of sight into a significantly more simplified portfolio of primarily premier development sites in prime markets. This along with our low run rate corporate overhead and significant tax losses may position the Company for potential strategic transactions as an alternative to continuing our Plan
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SRG
News
- Seritage Growth Properties Makes $50 Million Loan PrepaymentBusiness Wire
- This Company Is Shutting Down Its Business -- and Could Have 74% Upside for Investors [Yahoo! Finance]Yahoo! Finance
- Seritage: Making Progress In A Tough Environment [Seeking Alpha]Seeking Alpha
- Seritage Growth Properties Reports Fourth Quarter and Full Year 2023 Operating Results [Yahoo! Finance]Yahoo! Finance
- Seritage Growth Properties Makes $30 Million Loan PrepaymentBusiness Wire
SRG
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form ARS
- 4/23/24 - Form DEF
- SRG's page on the SEC website