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Seritage Growth Properties  (SRGPA)
Other Ticker:  
 
    Sector • Services    Industry • Real Estate Operations
   Industry • Real Estate Operations
   Sector • Services
 
Price: $0.0000 $0.00 %
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Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 56
 Employees -
 Revenues (TTM) (Millions $) 21
 Net Income (TTM) (Millions $) -217
 Cash Flow (TTM) (Millions $) -66
 Capital Exp. (TTM) (Millions $) 84

Seritage Growth Properties
Seritage Growth Properties is a publicly traded real estate investment trust (REIT) that specializes in the ownership and redevelopment of retail properties in the United States. The company was created in 2015 as a spin-off from Sears Holdings Corporation, with the goal of unlocking the value of underutilized Sears and Kmart properties.

Seritage owns a diverse portfolio of retail real estate, including standalone Sears and Kmart locations, as well as mixed-use properties and shopping centers. The company focuses on reimagining and redeveloping these properties to attract a wide range of tenants beyond its former anchor tenants.

With a strategy centered around adaptive reuse and redevelopment, Seritage aims to maximize the value and potential of its properties by transforming them into vibrant, multi-tenant destinations. This often involves repurposing spaces for offices, restaurants, entertainment venues, and other non-traditional retailers.

In addition to its redevelopment efforts, Seritage also generates income through leasing existing properties to tenants. The company seeks to attract well-known national and regional retailers, as well as experiential tenants with unique offerings to drive foot traffic and enhance the overall shopping experience.

Seritage Growth Properties aims to capitalize on the evolving retail landscape by revitalizing and repurposing underutilized properties in strategic locations. Through its innovative approach to real estate, the company seeks to generate long-term value for its shareholders while supporting the development of vibrant communities.


   Company Address: 500 Fifth Avenue New York 10110 NY
   Company Phone Number: 355-7800   Stock Exchange / Ticker: NYSE SRGPA


   

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Seritage Growth Properties

Seritage Growth Properties Takes a Major Dive: Third Quarter 2023 Earnings Report Spells Disaster

Seritage Growth Properties, a real estate company, has shown significant improvement in its financial performance for the third quarter of 2023, indicating promising prospects for the future. The company managed to decrease its loss per share to $-0.04, a significant improvement from $-0.08 reported a year ago. Furthermore, the earnings per share (EPS) improved notably from $-1.73 in the previous quarter, which is a positive sign for investors.
Although the revenue fell sharply by -78.52% to $5.05 million from $23.50 million in the same quarter last year, it is important to note that there was a sequential deterioration in revenue by -14.208% from $5.88 million. This decline in revenue could be attributed to various external factors, but it is essential to focus on the impressive efforts made by Seritage Growth Properties to minimize losses and improve its financial standing.
Seritage Growth Properties

Seritage Growth Properties Reports Improved Losses and Revenue Growth in Q2 2023

Seritage Growth Properties, a real estate investment trust (REIT), has recently reported their financial results for the interval closing on June 30, 2023. The company experienced a loss of $1.73 per share during this period, which is an improvement from the loss of $2.56 per share from the previous year. However, there was a significant increase in losses compared to the previous quarter, which saw a loss of $1.13 per share.
One of the key factors contributing to the loss was the sharp drop in revenue. In the similar quarter a year prior, Seritage Growth Properties generated $29.70 million in revenue, but this figure plummeted by 80.191% to $5.88 million. However, the company did experience a sequential increase in revenue, with a 765.294% growth from $0.68 million. This improvement in revenue could be seen as a positive sign for the company's financial performance.
Despite the loss reported, Seritage Growth Properties managed to reduce its net loss to $95.707 million during the interval closing June 2023, compared to a deficit of $142.083 million in the same quarter a year ago. This reduction in net loss indicates that the company has made efforts to cut down on expenses and improve its financial position.
Seritage Growth Properties

Seritage Growth Properties Plunges into a Financial Abyss: Revenue Plummets by 97.6% in the First Quarter of 2023

Seritage Growth Properties, the Real Estate Operations company, reported a disastrous financial period from January to March 31, 2023, with a revenue fall of -97.616% to $0.68 million. The net deficit per share ballooned to $-1.13 from $-0.08 per share, a year before, marking a sequential revenue tumble of -97.107% from $23.50 million.
Additionally, the financial interval ending March 31, 2023, saw Seritage Growth Properties' log a net shortfall of $-61.986 million, as opposed to earnings of $93.601 million seen in the previous year's similar reporting season. This is a significant cause for concern among investors.






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