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LOS ANGELES, CA / ACCESSWIRE / May 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Seritage Growth Properties ("Seritage " or "the Company") (NYSE:SRG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
NEW YORK , May 16, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Seritage Growth Properties ("Seritage" or the "Company") (NYSE: SRG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Seritage Growth Properties (“Seritage” or the “Company”) (NYSE: SRG) investors concerning the Company's possible violations of federal securities laws. On May 10, 2024, Seritage released its first quarter 2024 financial results, revealing total net operating income of $2.1 million, down from $8.6 million in the prior quarter. Additionally, the Company disclosed that it was “adjusting [its] pri.
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Seritage Growth Properties (“Seritage” or the “Company”) (NYSE: SRG) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On May 10, 2024, Seritage released its first quarter 2024 financial results, revealing total net operating income of $2.1 million, down from $8.6 million in the prior q.
LOS ANGELES, CA / ACCESSWIRE / May 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Seritage Growth Properties ("Seritage " or "the Company") (NYSE:SRG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
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.