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MI Rewind: Studying Superinvestors, Investing Checklists, & Seritage Growth Properties w/ Tom Botica

Millennial Investing - The Investor’s Podcast Network

The Future of Syritage Properties

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Ciroc: I'd be surprised if they were fully cash flow positive in the next six to 12 months, but not too long after that we should hopefully be turning the other direction. He still thinks Syritage has about $800 million kind of a spend on redevelopment, and I think that number involves some debt servicing as well. That's something that will continue to see certainly leading into mid 23 when the big 800 million debt payments is due to Berkshire. Cirot: The stock was trading roughly $38 a share prior to the COVID pandemic. And today, like we mentioned, trades around $9 a share at the time of this recording.

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