Seritage Growth Properties (SRG) Reports Q4 Loss of $1.57

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Go back to Seritage Growth Properties (SRG) Reports Q4 Loss of $1.57

Seritage Growth Properties Reports Fourth Quarter and Full Year 2018 Operating Results

February 28, 2019 4:30 PM EST

Signed new leases totaling 3.1 million square feet at an average re-leasing multiple of 3.9x

Ended year with nearly $1.0 billion of cash on hand and committed capital

Subsequent to year end, signed a master lease with successor to Sears Holdings for 51 locations

NEW YORK--(BUSINESS WIRE)-- Seritage Growth Properties (NYSE: SRG) (the Company), a national owner of 232 retail and mixed-use properties totaling approximately 36.3 million square feet of gross leasable area (GLA), today reported financial and operating results for the quarter and year ended December 31, 2018.

Summary Financial... More