Sears: REIT Assets ‘Surprisingly’ High Quality

Credit Suisse analysts Ian Weissman and team dig into Seritage (SRG), the real-estate investment trust being spun off from Sears (SHLD): Elise Amendola/Associated Press Surprisingly so, the demographic profile of the SGP portfolio is slightly better than the mall REIT average, with 10-mile density and incomes of 694k and $77k (GLA weighted), respectively which compares [...]