Seritage Stock: Market Panic Creates Another Buying Opportunity (NYSE:SRG)


Aerial image of Esplanade at Aventura Mall

felixmizioznikov

After plummeting earlier this year, shares of Seritage Growth Properties (NYSE:SRG) finally began to recover a few months ago. With inflation easing and asset sale progress accelerating, Seritage stock rallied 26% between the beginning of June

Property

Sale Price

Chandler, AZ

$35 million for all four combined (actual)

Cerritos, CA

Freehold, NJ

Portland, OR

Danbury, CT

~$12 million (estimate)

El Centro, CA outparcel

$1.8 million (actual)

Hialeah, FL

$16.5 million (actual)

Orlando, FL

$26.65 million (actual)

Steger, IL

$180,000 (actual)

Bowie, MD

$7 million (actual)

Reno, NV main box

$7.6 million (actual)

Manchester, NH

$10.65 million (actual)

Oklahoma City, OK

$4.625 million (actual)

Fairfax, VA

$39.2 million (actual)

Warrenton, VA

$10 million (actual)

Dayton, OH

$5.2 million (actual)

Hicksville, NY

~$53-$55 million (estimate)

Rochester, NY

$2 million (actual)

Thornton, CO

$16.5 million (actual)

El Cajon, CA

$28.5 million (estimate)

Middleburg Heights, OH

~$1 million (estimate)

Lynnwood, WA

$50-$55 million (estimate)

Naples, FL

$10-$15 million (estimate)

Reno, NV outparcel

$2.45 million (actual)

Happy Valley, OR

$7 million (estimate)

Watchung, NJ Cinemark theater

$10.4 million (estimate)



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