Seritage Growth Properties manages a portfolio of retail real estate properties which it leases to tenants throughout the United States. The company was founded in 2015 and is based in Hoffman Estates, Illinois.
Seritage Growth Properties (NYSE:SRG) announced today that it will release its second quarter 2020 financial and operating results in a press release on Thursday, August 6, 2020, after the market close.
Moody's Investors Service, ("Moody's") has affirmed the ratings on seven classes and downgraded the ratings on five classes in UBS-Barclays Commercial Mortgage Trust 2012-C2, Commercial Mortgage Pass-Through Certificates, Series 2012-C2. The ratings on four P&I classes, Cl. D, Cl. E, Cl. F and Cl. G, were downgraded due to higher anticipated losses as a result of the decline in pool performance, particularly in relation to three regional malls, Louis Joliet Mall (9.6% of the pool), Crystal Mall (9.6% of the pool) and Pierre Bossier Mall (4.7% of the pool).
Although the S&P 500 has roared back to something close to its former self over the past 3 months, many sectors are still feeling the brunt of the imposed mandatory lockdowns. Seritage Growth Properties (SRG), the publicly traded REIT, has come nowhere near its pre-lockdowns valuations despite showing some encouraging...
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