Seritage Growth Properties (SRG) Reports Q4 Loss of $0.70 on Revenues of $36.63M

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Go back to Seritage Growth Properties (SRG) Reports Q4 Loss of $0.70 on Revenues of $36.63M

Seritage Growth Properties Reports Fourth Quarter and Full Year 2019 Operating Results

February 27, 2020 4:15 PM EST

Signed new leases totaling 2.5 million square feet at an average re-leasing multiple of 3.9x
Increased base rent from diversified tenants to 94.5% of total base rent, including all signed leases
Announced multifamily projects at three mixed-use redevelopments, first of 6,000-8,000 unit multifamily opportunity

NEW YORK--(BUSINESS WIRE)-- Seritage Growth Properties (NYSE: SRG) (the Company), a national owner of 212 retail and mixed-use properties totaling approximately 33.4 million square feet of gross leasable area (GLA), today reported financial and operating results for the quarter and year ended December 31, 2019.

Summary Financial... More