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This Company Is Shutting Down Its Business -- and Could Have 74% Upside for Investors

Management decided to throw in the towel, but this company's asset value could be far more than its stock price.

By Matt Frankel, CFP – Apr 19, 2024 at 6:02AM EST

Seritage Growth Properties (SRG +2.68%) was one of the hardest-hit real estate investment trusts (REITs) in the COVID-19 pandemic, and the business started a downward spiral from which it never recovered. In 2022, management decided the best course of action would be to simply sell the company's assets, pay back its debt, and return the proceeds to investors. Here's how it's going, and why shareholders could quickly be handsomely rewarded.

*Stock prices used were the afternoon prices of April 17, 2024. The video was published on April 18, 2024.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
TMFMattFrankel
X@MattFrankelCFP

Matt Frankel has no position in any of the 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 be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Seritage Growth Properties Stock Quote
Seritage Growth Properties
NYSE: SRG
$2.68
(+2.68%)+$0.07

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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