SRG Stock Recent News

Management decided to throw in the towel, but this company's asset value could be far more than its stock price.

REITs could be excellent buys this year. If analyst forecasts are to be believed, then interest rates could be reduced soon, with some economists predicting it could happen as early as June this year.

Seritage common shares have been a difficult investment with negative 70% returns since IPO. Seritage Growth Properties' preferred shares offer a 7.38% yield and the potential for a 12.86% yield to maturity/call. There are risks involved, here and we tell you why you have to consider this carefully before buying.

Seritage, a former REIT that owns former Sears and Kmart locations, has undergone significant changes under the leadership of CEO Andrea Olshan. Olshan has sold around $1.3 billion of assets and paid down a significant portion of the company's outstanding loan. Under new CEO Andrea Olshan, Seritage changed its tax status, is liquidating assets, and paying down debt.

Seritage Growth Properties adeptly capitalizes on its leasing model in flourishing markets like California, Florida, and Texas. Strategic financial maneuvering, such as prepaying its term loan and property sales, fortifies SRG against potential economic adversities. Despite challenges from its Sears Holdings spin-off origin, support from Berkshire Hathaway and reduced redevelopment costs indicate a potential turnaround for SRG.

There's no way to predict with 100% accuracy what stocks will face short squeezes or when they could happen. However, companies with high short interest and potential business tailwinds are prime candidates.

Seritage Growth Properties reported Q2-2023 results which were loaded with asset sales. Cash burn still remains high, and the impairment did not help inspire confidence in the terminal value. We examine how our previous suggestion worked out and give you three ways to outperform Seritage again.

In our last article, we shunned the idea that Seritage shareholders had a big payday ahead. Realistic valuations suggested that the stock was trading at a fair price for liquidation and the best bullish bet was a covered call trade.

Seritage Growth Properties reduced its term loan balance to $800 million in early February, extending its remaining debt maturities to July 2025. Removing liquidity risk hasn't boosted Seritage stock, though, due to investors' concerns about the impact of weak macro conditions on the pace and valuation of future property sales.

Seritage Growth Properties stock has retreated from the high reached this summer due to fears about the impact of soaring interest rates and a potential recession on its liquidation plan. Despite these fears, Seritage continues to sell assets at a rapid pace.