SRG Stock Recent News

The ex-REIT is in the process of liquidating its assets and paying off its liabilities. Proceeds from the sale, after its debt obligations, will be returned to shareholders estimated at between $18.50 and $29 per share.

Seritage has a liquidation plan. The $100 million debt paydown was nice to see but there is a tall mountain to climb.

Last month, Seritage Growth Properties filed preliminary proxy documents asking shareholders to approve a plan of sale that would effectively liquidate the company. Seritage stock currently trades at a steep discount to the anticipated distribution range of $18.50-$29 per share.

After doubling so far in July, Seritage Growth Properties stock could potentially double again over the next two or three years.

Asset sales could be about to accelerate.

The stock of Seritage Growth Properties is up an impressive 50% today after the real estate company encouraged shareholders to vote in favor of a sale proposal. The post Seritage Growth (SRG) Stock Pops 50% on Sale Proposal appeared first on InvestorPlace.

Friday looked poised to be a weaker day for the markets.

Seritage Growth Properties stock has fallen 70% over the past 12 months as excessive hope has turned to excessive fear. Leasing activity has improved significantly beginning in late 2021, positioning Seritage to reduce cash burn over the next few quarters.

One of the advantages Berkshire Hathaway ( BRK.A , Financial) ( BRK.B , Financial) has over other investment firms is the ability to structure investments in ways that create an outside payoff for the corporation. A payoff that it might not have been able to achieve by using traditional methods such as investing in debt and equity on the open market.

We have generally had a negative outlook on Seritage. The stock has agreed 100% and then some.