The REIT's core business model has been under stress, but a Wall Street Journal article suggests there are alternatives.
News & Analysis: Seritage Growth Properties (Class A)
Seritage Growth Properties' strategy is particularly ill-suited to a pandemic.
Not all brick-and-mortar retail is doomed.
These stocks are not for the faint of heart but could deliver excellent returns for patient investors.
There was good news in the retail space this morning, which got investors upbeat about these three different ways to play the niche.
The COVID-19 pandemic has severely disrupted Seritage Growth Properties' redevelopment plans. Now, the REIT is selling assets just to continue paying nearly $30 million of interest to Warren Buffett's Berkshire Hathaway each quarter.
The developer of mixed-use real estate is one of the biggest movers in the stock market.
The retail REIT is down more than 20%.
Retail REITs have been rallying sharply as the economy reopens.
Optimism abounds for real estate investment trusts -- for now, at least.