The Coronavirus Panic Threatens Seritage's Growth Plan [Seeking Alpha]
Seritage Growth Properties Class A (SRG)
NASDAQ:AMEX Investor Relations:
ir.seritage.com
Company Research
Source: Seeking Alpha
During 2019, Seritage Growth Properties SRG Sears Holdings OTCPK:SHLDQ Indeed, over the past several years, Seritage has made considerable progress in recapturing space from Sears and re-leasing it to a diversified roster of new tenants. As of a month or two ago, 2020 seemed likely to be another successful year. Unfortunately, the disruption from the current COVID-19 outbreak raises new risks for Seritage. Most notably, it could cause financial problems for some of the REIT's tenants or lead to a slowdown in leasing volume. Let's take a look at whether the outbreak threatens Seritage's ability to execute its strategic plans. Seritage has been on the right track 2019 was the third consecutive year that Seritage Growth Properties signed new leases worth more than $40 million in annual base rent. Thanks to this leasing activity, Seritage ended last year with $181.5 million of annual income from tenants other than Sears and Kmart, including signed-not-opened (SNO) leases that aren't gener
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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 Reports Fourth Quarter and Full Year 2023 Operating ResultsBusiness 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