Mkt Cap $157M
52-Week Range
Narrower net losses of -$68.2M (55.6% improvement) and improved operating cash use reflect cost discipline from lower property expenses and interest, amid revenue stability from lease-up activity despite portfolio changes.
$157M
Market Cap
$18M
Revenue
-$74M
Net Income
Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties totaling approximately 30.4 million square feet of space across 44 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015. The Company's mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experiences for consumers and local communities, and create long-term value for our shareholders.