Seritage Growth Properties stock hits 52-week low at $3.26

Seritage Growth Properties (NYSE:SRG) stock has reached a new 52-week low, trading at $3.26. This latest price point underscores a challenging period for the real estate investment trust, which has seen its stock price plummet over the past year. With a market capitalization of $184.56 million, the company maintains a strong current ratio of 4.23, indicating solid short-term liquidity. According to InvestingPro analysis, the stock appears slightly undervalued at current levels. The 1-year change data paints a stark picture, with Seritage Growth Properties experiencing a significant decline of -64.11% in its stock value. This downturn reflects investor concerns and broader market trends affecting the real estate sector, as the company grapples with the headwinds of a shifting economic landscape. Trading at just 0.44 times book value and posting a net loss of $143.4 million in the last twelve months, the company faces significant challenges. InvestingPro subscribers can access 8 additional key insights about SRG’s financial health and market position.

In other recent news, Seritage Growth Properties has announced a quarterly dividend for its 7.00% Series A Cumulative Redeemable Preferred Shares. The dividend is set at $0.4375 per share and will be distributed on April 15, 2025, to shareholders of record as of March 31, 2025. This announcement was detailed in an 8-K filing with the Securities and Exchange Commission. The decision to declare dividends is a standard practice among real estate investment trusts like Seritage, which often distribute a significant portion of their taxable income to shareholders. Preferred shares, such as those offered by Seritage, typically provide dividends at a fixed rate and are prioritized over common shares. This upcoming payment aligns with Seritage’s ongoing commitment to its dividend policy for preferred shareholders. Investors holding these securities can expect the payment in mid-April, following the record date at the end of March.

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