(SRG) Seritage Growth Properties - Ratings and Ratios

Seritage Growth Properties (NYSE:SRG), a real estate investment trust, was established in 2015 as a spin-off from Sears Holdings. The company focuses on redeveloping former Sears and Kmart properties into mixed-use developments, aiming to enhance value through diversification into residential, office, and other retail spaces. Prior to its Plan of Sale adoption, Seritage managed a portfolio of retail and mixed-use properties across the U.S., continuing to oversee each site until sale. As of December 31, 2023, their portfolio comprised 32 properties with approximately 4.1 million square feet of GLA or build-to-suit leased area and 460 acres, divided into 23 wholly owned properties (2.8M GLA, 326 acres) and 9 unconsolidated entities (1.2M GLA, 134 acres). For more information, visit https://www.seritage.com.

Ticker Symbol: SRG
Exchange: NYSE
Type: common stock
Country Origin: United States
GICS Sub Industry: Real Estate Operating Companies

Average Volume 20d: 145,932
Last Price: 3.66
SMA 20: 3.69
SMA 50: 3.87
SMA 200: 4.49
ATR: 0.13

Market Cap: $211.01M USD
P/E: 0.00
P/E Forward: 52.36
P/B: 0.51
P/S: 3.74
RoE: -34.27%

3-Month Forecast: SRGs stock is anticipated to face headwinds, trading below its 20-day and 50-day SMAs, indicating bearish sentiment. The low ATR suggests decreasing volatility, with support near $3.50 and resistance at $4.00. While the forward P/E of 52.36 reflects optimism, the negative RoE and high P/S raise concerns. SRGs strategy to redevelop properties into mixed-use could drive recovery, but near-term challenges may limit upside. Investors should monitor redevelopment progress and earnings reports for potential catalysts.