Every single quarter the company continues to put Sears behind it. It is stunning how wrong all the articles out there claiming Sears problems were going to pull down Seritage. The truth is it wa...
Remember the slew of articles in 2018 that told us a Chapter 11 by Sears would lead to immense problems at Seritage? They told us SRG would not be able to handle both the loss of Sears revenues a...
https://www.valueplays.net/2019/04/11/subs-more-redevelopment/
Sears lease payments are now down to 30% of the total for the company (this % was 80% at SRG’s inception). They are still converting Sears space to new leases at a 4X multiple. Now, after Q1 th...
1- “Demand for oil and commodities is solid. It’s the same boring demand growth we have been seeing since 2016, 2017, 2018 and now 2019 in that a lot of that was sentiment going up and dow...
https://www.valueplays.net/2019/01/31/subs-mondays-links-46/
This has been a frustratingly slow process although I can’t blame HHC for it. Both Sears and Macy’s held out until the bitter end on jettison these properties to HHC. I’m guessing they were...
https://www.valueplays.net/2019/01/28/subs-finally-some-movement/
SRG has been sold off hard on the constant pounding of the potential disastrous effects of the Sears chapter 11. This refrain is wrong, I’ve said so since the beginning and the company all bu...
https://www.valueplays.net/2019/01/23/subs-leasing-chapter-11-update/
This is interesting as the added employees working the area, only 7 miles from the Landmark Mall site will add more demand for housing in the area that is already short of it. Perhaps it will inc...