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Seritage Growth Properties Reports Fourth Quarter and Full Year 2024 Operating Results

1. SRG reported strides in asset readiness for sale and major lease signings. 2. Significant zoning approvals indicate potential for enhanced property value.

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Why Bullish?

The news indicates SRG is effectively positioning its assets for sale, suggesting increased liquidity and future value. Historically, similar actions have led to stock price appreciation as assets are realized.

How important is it?

Asset sales and leases directly relate to SRG's revenue projections and their financial health, making the news significant for investors.

Why Short Term?

Increasing asset readiness may lead to immediate valuation changes; such actions often result in quick market reactions.

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SPGKIMREGOWPC
NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the year ended December 31, 2024. "This quarter we have made strides to ready more assets for sale: signing critical leases, achieving partnership approvals, securing zoning and other important milestones. As a result, we anticipate that a majority of our assets, whether fully or parti.

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