Seritage Growth Properties (SRG -0.54%) 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.
