Seritage Growth Properties (SRG)
Owns and sells former Sears real estate under a Plan of Sale.
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Owns former Sears retail real estate and is selling its remaining assets under a shareholder-approved Plan of Sale. Leasing, redevelopment, and asset sales have shaped its U.S. portfolio, while remaining debt and potential strategic transactions influence the end-stage process.
Owns and manages a shrinking portfolio of former Sears retail real estate while pursuing a shareholder-approved Plan of Sale. The remaining properties are concentrated in the United States and reflect earlier leasing, redevelopment, and conversion into retail, dining, entertainment, and mixed-use destinations.
Operations now focus on selling the remaining assets, managing them until disposition, and resolving remaining corporate debt. The company revoked its REIT election and became a taxable C corporation to support the strategic review and asset-sale options. The Plan of Sale authorizes asset sales, distributions of net proceeds, and potential dissolution, while potential transactions or strategic changes are not assured.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $48.4M · Total debt $50.3M · Total assets $353.6M · Shareholders' equity $292.2M
- Revenue
- $1.7M
- Operating income
- −$4.8M
- Net income
- −$7.4M
No dividends on record.
| Institutions | 42.17% | 23.75M shares | |
|---|---|---|---|
| 79 holders · as of Jun 30, 2026 | |||
| Insiders | 34.76% | 19.58M shares | |
| 6 holders · as of Sep 11, 2025 | |||
| Strategic holders | 2.02% | 1.14M shares | |
| 1 holder · as of Feb 16, 2022 | |||
| Other | 21.05% | 11.86M shares | |
| remainder | |||
56.32M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Edward S. LampertInsider10 percent owner | 23.83% | 13.42M | filed Sep 11, 2025 |
Hotchkis & Wiley Capital Management LLCInstitution | 5.88% | 3.31M | as of Jun 30, 2026 |
Par SandaInsider | 5.22% | 2.94M | filed Aug 29, 2023 |
Thomas J. TischInsider | 5.18% | 2.92M | filed Jan 3, 2022 |
Newtyn Management, LLCInstitution | 4.02% | 2.27M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 31, 2026 | Yakira Capital Management, Inc. | 10 percent owner | −27,150 | $23.95 |
| Feb 24, 2026 | Yakira Capital Management, Inc. | 10 percent owner | −2,225 | $24.10 |
| Feb 23, 2026 | Yakira Capital Management, Inc. | 10 percent owner | −7,375 | $23.95 |
| Feb 9, 2026 | Yakira Capital Management, Inc. | 10 percent owner | −5,570 | $24.10 |
| Feb 6, 2026 | Yakira Capital Management, Inc. | 10 percent owner | −810 | $24.10 |
- Macerich
Regional mall leasing, redevelopment, and anchor-space conversion
- Simon Property Group
Shopping and mixed-use destination leasing
- Kimco Realty
Open-air retail leasing and redevelopment at substantial U.S. scale
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Seritage Growth Properties | $1.86 | −0.27% | $104.8M | — | — | 8.3 | −62.5% |
| Macerich | $22.74 | −0.29% | $6.78B | — | 1,573.6 | 6.7 | −0.0% |
| Simon Property Group | $204.85 | −0.54% | $66.79B | 14.6 | 30.3 | 9.6 | +10.8% |
| Kimco Realty | $22.29 | −1.11% | $15.20B | 25.3 | 26.1 | 6.9 | +4.9% |
| Median | 19.9 | 30.3 | 6.9 | +4.9% |