Seritage Growth Properties (NYSE:SRG) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Previous Quarter Performance
Seritage Growth Properties unfold loss for the second quarter of $ 0.49 per share, from the revenue of $ 21.82 million.
Stock Performance
Shares of Seritage Growth Properties traded low $ -0.89 or -6.56 percent on Wednesday, reaching $ 12.68 with volume of 681.50 thousand shares. Seritage Growth Properties has traded high as $ 13.35 and has cracked $ 12.53 on the downward trend
The closing price of $ 12.68, representing a 171.40 % increase from the 52 week low of $ 5.00 and a 69.9 % decrease over the 52 week high of $ 45.08.
The company has a market capital of $ 708.80 million and is part of the Real Estate sector and REIT – Retail industry.
Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 198 wholly-owned properties and 27 joint venture properties totaling approximately 35.6 million square feet of space across 46 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. Pursuant to a master lease, the Company has the right to recapture certain space from the successor to Sears Holdings for retenanting or redevelopment purposes.
