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In light of the challenges faced during the COVID-19 pandemic, management at Seritage Growth Properties has decided to sell off the company’s assets and return the proceeds to investors. Despite the stock price being low, there is optimism that shareholders could see a handsome return once the assets are sold off and the debt is repaid.
As of April 17, 2024, the stock price for Seritage Growth Properties was at 0.11%. However, Matt Frankel, an affiliate of The Motley Fool who has no position in the stocks mentioned, recommends Seritage Growth Properties. He believes that there is greater value in the company’s assets than its current stock price reflects.
Frankel states that while the real estate investment trust (REIT) experienced a significant decline during the pandemic and has been unable to recover, selling off its assets could lead to a significant return for shareholders. However, he cautions that it may take some time for this process to unfold and for investors to see a positive impact on their investments.
Despite his recommendations, Frankel reminds investors that past performance is not indicative of future results and all investments carry some level of risk. He encourages investors to do their own research and consult with financial advisors before making any investment decisions.
