Seritage Growth Properties Class A common shares of beneficial interest, par value $0.01 (SRG)
Seritage Growth Properties (SRG) is a real estate investment trust (REIT) that specializes in acquiring, developing, and repositioning retail and commercial properties. The company primarily focuses on transforming former Sears and Kmart spaces into mixed-use developments, including retail, residential, and office spaces, to maximize property value and generate income. As a Class A common shares of beneficial interest, SRG offers investors exposure to its diversified real estate portfolio, emphasizing strategic redevelopment in prime markets.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| April 11, 2019 | $0.25 | 2019-03-28 | 2019-03-29 |
| January 10, 2019 | $0.25 | 2018-12-28 | 2018-12-31 |
| October 11, 2018 | $0.25 | 2018-09-27 | 2018-09-28 |
| July 12, 2018 | $0.25 | 2018-06-28 | 2018-06-29 |
| April 12, 2018 | $0.25 | 2018-03-28 | 2018-03-30 |
Dividends Summary
- Seritage Growth Properties Class A common shares of beneficial interest, par value $0.01 has issued 17 dividend payments over the past 11 years
- The most recent dividend was paid 2388 days ago, on April 11, 2019
- The highest dividend payed out to investors during this period was $0.50 per share
- The average dividend paid during this period was $0.23 per share.
Company News
Seritage Growth Properties is continuing to wind down its portfolio, with ongoing property sales as part of its strategy to eventually return capital to investors.
Law firm investigating potential claims against Seritage Growth Properties for alleged misleading statements about financial controls and asset valuations, with stock price drops following revelations of material weaknesses in financial reporting.
Stay up to date with the latest financial news! Listen to the Wall Street Breakfast podcast on Seeking Alpha, iTunes, and Spotify.
Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for...