Seritage Growth Properties's Business Segments

Seritage Growth Properties is a publicly traded real estate investment trust (REIT) headquartered in New York. Founded in 2015 as a spinoff of Sears Holdings Corporation, which remains its largest tenant, Seritage specializes in owning, managing, and developing retail and mixed-use properties across the United States. The company's portfolio comprises approximately 177 properties totaling over 26 million square feet, located in 46 states and Puerto Rico. These properties are primarily situated in high-value, high-visibility areas and are typically anchored by a mix of national and regional retailers. Seritage focuses on redeveloping and repositioning underutilized retail properties to increase rental income, often partnering with tenants to introduce new concepts and incorporating modern design and technology. Its mixed-use portfolio includes office, residential, and hospitality spaces, emphasizing sustainability, innovation, and community-building. Since going public, Seritage has reported quarterly revenues exceeding $100 million. The company's stock is listed on the New York Stock Exchange under the ticker symbol SRG and is included in various real estate and investment indexes.