Seritage: The Long-Term Perspective [Seeking Alpha]
Seritage Growth Properties Class A (SRG)
NASDAQ:AMEX Investor Relations:
ir.seritage.com
Company Research
Source: Seeking Alpha
Summary Seritage has been able to achieve 10-11% unlevered returns on additional capital invested. Two-thirds of the estate is yet to be redeveloped. Seritage can triple shareholders' capital over the next 8-10 years. Seritage Growth Properties ( SRG Thesis Seritage Growth Properties is an American retail REIT focused on increasing the value of their estate. The company repurposes old Sears stores turning them into multipurpose retail centres. So far, Seritage has been able to achieve 10-11% unlevered returns on additional capital invested in these redevelopment projects. Approximately two-thirds of the estate is yet to be redeveloped. We expect that Seritage will continue deploying capital at this attractive rate of return and will at least triple shareholders' capital over the next 8-10 years. From the long-term perspective, this is a low-risk investment opportunity, providing an attractive rate of return. Redevelopment Activity We assume that after estate redevelopment Seritage wil
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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