Management has decided to give up, but the value of the company’s assets could far exceed the stock price.
Growth characteristics of Seritage (SRG 0.11%) was one of the hardest hit real estate investment trusts (REITs) during the coronavirus pandemic, sending its business into a downward spiral from which it never recovered. In 2022, management determined that the best course of action was to sell the company’s assets, pay down debt, and return the proceeds to investors. We explain how this is going and why shareholders could be rewarded handsomely right away.
*The stock price uses the price as of the afternoon of April 17, 2024. The video was released on April 18, 2024.
Matt Frankel has no position in any stocks mentioned. The Motley Fool recommends Seritage Growth Properties. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may receive compensation for promoting its services. If you choose to subscribe through the link, they will earn additional money to support the channel. Their opinions are their own and are not influenced by The Motley Fool.
