Added to YB: 2025-05-09
Pitch date: 2025-05-08
SRG [neutral]
Seritage Growth Properties
+14.77%
current return
Author Info
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Company Info
Prior to the adoption of the Company’s Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States.
Market Cap
$163.2M
Pitch Price
$2.98
Price Target
3.95 (+12%)
Dividend
N/A
EV/EBITDA
-7.74
P/E
-1.03
EV/Sales
21.92
Sector
Real Estate Management and Development
Category
special_situation
Liquidations: Watchlist - Seritage Growth Properties
SRG (liquidation overview): Sears real estate portfolio spin-off. NAV $3.95 after adjusting for 2yrs G&A burn & preferred dividends. Management plans to market all assets by 2025. Preferred redemption likely within 1yr. Has been challenging for value/special situation investors. 2yr timeframe.
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