Search result for srg
Nothing found
|
COMPANY
AUTHOR
PUBLISHED DATE
|
|---|
Nothing found
|
IDEA
AUTHOR
PUBLISH DATE
KEYWORDS IN DESCRIPTION
|
|---|
|
SERITAGE GROWTH PROPERTIES SRG.PA
08/02/2024
...xecutive Summary: Seritage Growth Properties “SRG”, a former Mall REIT, went into liquidation in March 2022....paid, asset sale proceeds will be diverted to the SRG 7% Preferred Equity....$500 - $750M versus $200M in net debt and $70M in SRG 7% preferred par value, making the preferred repayment a near certainty....referred shares. Since the May 16th sell off, the SRG Preferred equity securities have become more actively traded....ompany Overview: Seritage Growth Properties (“SRG”) is a REIT formed in 2015 through the spinout of the legacy Sear’s stores....t of the legacy Sear’s stores. In March 2022, SRG converted from a REIT to a taxable corporation with the plans to fully liquidate the portfolio....rocess Once the in-process sales convert to cash, SRG will have $58M of net debt before the $70M of preferred equity begins to receive payments....sset sales. Since the beginning of liquidation, SRG has averaged $196M in asset sales per quarter....onal 11.2% decline in 2024 would yield a value to SRG of $24....different times to do exactly what he is doing at SRG....egitimate risk, should be noted. The thesis is: SRG will stop liquidating in favor of a full sale of the Company.
|
|
AUTHOR
SUBJECT
THREAD
|
|---|
|
...T Liberty Energy Inc. Energy $18.99 61 $21.88 45% SRG Seritage Growth Properties Real Estate $4.
|
|
...emier Financial Corp. Financials $24.82 17 $25.74 SRG Seritage Growth Properties Real Estate $4.
|
|
... Beta Multiple Predictor Super Multiple Predictor srg Seritage Growth Properties Real Estate $4.
|
|
... Air Corporation Industrials $31.82 16 17% $32.84 SRG Seritage Growth Properties Real Estate $4.
|
|
MARATHON DIGITAL HOLDNGS INC MARA
S
...MaxLinear, Inc. Information Technology $20.48 -67 SRG Seritage Growth Properties Real Estate $4.
|
|
...2 JOBY Joby Aviation, Inc. Industrials $5.07 -103 SRG Seritage Growth Properties Real Estate $4.
|
|
...ME WalkMe Ltd. Information Technology $13.78 -107 SRG Seritage Growth Properties Real Estate $5.
|
|
...RXST RxSight, Inc. Health Care $61.15 -105 $47.30 SRG Seritage Growth Properties Real Estate $5.
|
|
...Labs Holdings Inc. Health Care $58.96 -113 $43.44 SRG Seritage Growth Properties Real Estate $6.
|