Summary
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Seritage Growth Properties Reports First Quarter 2025 Operating Results
NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months ended March 31, 2025. "The Company's strategy following the completion of a smooth CEO transition remains the same. We will continue to pursue our Plan of Sale with the priority of repaying our remaining debt from the sale of assets. Our team is focused on executing tr.
Seritage Growth Properties Reports Fourth Quarter and Full Year 2024 Operating Results
NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the year ended December 31, 2024. "This quarter we have made strides to ready more assets for sale: signing critical leases, achieving partnership approvals, securing zoning and other important milestones. As a result, we anticipate that a majority of our assets, whether fully or parti.
Seritage Growth Properties Announces CEO Transition
NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (“Seritage” or the “Company”), a national owner and developer of retail, residential and mixed-use properties, today announced that the Seritage Board of Trustees and Andrea Olshan have agreed that Ms. Olshan will step down as Chief Executive Officer and President (CEO) and as a member of the Board effective as of April 11, 2025. The Board has appointed Board Chairman Adam Metz, an independent member of the Board since 2022, as I.
Seritage Growth Properties Dividends
 SRG 28 Mar 2019 Paid | Quarterly | $0.25 Per Share |
| SRG 28 Dec 2018 Paid | Quarterly | $0.25 Per Share |
| SRG 27 Sep 2018 Paid | Quarterly | $0.25 Per Share |
| SRG 28 Jun 2018 Paid | Quarterly | $0.25 Per Share |
| SRG 28 Mar 2018 Paid | Quarterly | $0.25 Per Share |
Seritage Growth Properties Earnings
| 12 Aug 2025 (70 Days) Date | | - Cons. EPS | - EPS |
| 8 May 2025 Date | | - Cons. EPS | - EPS |
| 31 Mar 2025 Date | | - Cons. EPS | - EPS |
| 6 Nov 2024 Date | | - Cons. EPS | - EPS |
| 14 Aug 2024 Date | | - Cons. EPS | - EPS |
| SRG 28 Mar 2019 Paid | Quarterly | $0.25 Per Share |
| SRG 28 Dec 2018 Paid | Quarterly | $0.25 Per Share |
| SRG 27 Sep 2018 Paid | Quarterly | $0.25 Per Share |
| SRG 28 Jun 2018 Paid | Quarterly | $0.25 Per Share |
| SRG 28 Mar 2018 Paid | Quarterly | $0.25 Per Share |
| 12 Aug 2025 (70 Days) Date | | - Cons. EPS | - EPS |
| 8 May 2025 Date | | - Cons. EPS | - EPS |
| 31 Mar 2025 Date | | - Cons. EPS | - EPS |
| 6 Nov 2024 Date | | - Cons. EPS | - EPS |
| 14 Aug 2024 Date | | - Cons. EPS | - EPS |
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Seritage Growth Properties Profile
| REIT - Retail Industry | Real Estate Sector | Mr. Adam Spencer Metz CEO | XMUN Exchange | US81752R1005 ISIN |
| US Country | 7 Employees | 11 Apr 2019 Last Dividend | - Last Split | 6 Jul 2015 IPO Date |
Overview
Seritage is a real estate company with a primary focus on the ownership, development, redevelopment, management, and leasing of retail and mixed-use properties across the United States. As of the most recent data on September 30, 2023, Seritage boasts a diversified portfolio that includes interests in 42 properties. This portfolio encompasses approximately 5.6 million square feet of gross leasable area (GLA) or build-to-suit leased area. In addition to its developed properties, the company holds around 126 acres for future development or currently under development. Furthermore, there are about 2.9 million square feet or approximately 259 acres designated for disposal. These assets are split between 33 wholly owned properties, accounting for around 4.3 million square feet of GLA (referred to as the Consolidated Properties), and 9 unconsolidated entities representing about 1.2 million square feet of GLA (referred to as the Unconsolidated Properties).
Products and Services
- Ownership
- Development and Redevelopment
- Management and Leasing
- Build-to-Suit Leased Area
- Land Development and Disposal
Seritage maintains ownership of a variety of retail and mixed-use properties. This encompasses a wide array of assets specifically designed and positioned for retail operations and mixed-use developments. Seritage's portfolio strategy ensures a mix of locations and property types to diversify risk and leverage local market dynamics.
One of the key services offered by Seritage is the development and redevelopment of properties. This includes transforming existing structures into more valuable assets through strategic refurbishment or complete redevelopment, tailoring spaces to meet current market demands and tenant needs. These projects span from small-scale refurbishments to major mixed-use developments, enhancing the value and appeal of their portfolio.
Seritage also provides comprehensive property management and leasing services. This includes everything from daily operations and maintenance to marketing spaces to potential tenants. By offering these services, Seritage ensures that their properties are not just well-maintained but also fully leased, with an optimal mix of tenants to ensure steady rental income and property valuation growth over time.
The company engages in build-to-suit projects, where properties are developed or redeveloped with a specific tenant in mind. These projects are customized to meet the unique requirements of the tenant, providing them with a space that perfectly suits their business needs while securing long-term lease commitments for Seritage.
Apart from developed properties, Seritage actively holds and develops land for future use or development. This strategic land holding allows for future expansion or development projects. Similarly, the company also identifies properties or land parcels within its portfolio for disposal, targeting opportunities to divest non-core assets or those that have reached their maximum value under the company's ownership.
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