Seritage Growth Properties (FRA:1D3) Variable Rate Debt (USD Mil) : 0.00 (As of . 20)

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What is Seritage Growth Properties Variable Rate Debt (USD Mil)?

In the railway industry, Variable Rate Debt (USD Mil) is a debt with an interest rate that fluctuates over time. It primarily consists of debt securities with nominal long-term maturities in which the interest rate is reset by a remarketing agent on a periodic basis.

The historical rank and industry rank for Seritage Growth Properties's Variable Rate Debt (USD Mil) or its related term are showing as below:

Seritage Growth Properties Variable Rate Debt (USD Mil) Historical Data

The historical data trend for Seritage Growth Properties's Variable Rate Debt (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Seritage Growth Properties Variable Rate Debt (USD Mil) Chart

Seritage Growth Properties (FRA:1D3) Variable Rate Debt (USD Mil) Explanation

Variable Rate Debt (USD Mil) is a debt with an interest rate that fluctuates over time. It primarily consists of debt securities with nominal long-term maturities in which the interest rate is reset by a remarketing agent on a periodic basis.

The variable interest rate fluctuates over time because it is based on an underlying benchmark interest rate or index that changes periodically with the market. So, variable interest debt is not as good as fixed-rate debt because the company cannot benefit from inflation. But in some conditions, a company might experience lower borrowing costs or reduce the impact of volatile investment earnings by issuing variable rate securities.

Seritage Growth Properties Variable Rate Debt (USD Mil) Related Terms

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Seritage Growth Properties (FRA:1D3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Seritage Growth Properties (FRA:1D3) » Definitions » Variable Rate Debt (USD Mil)

Comparable Companies

Traded in Other Exchanges

SRGpA.PFD:USA SRG:USA

Address

500 Fifth Avenue, Suite 1530, New York, NY, USA, 10110

Website

https://www.seritage.com

Seritage Growth Properties is engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Seritage is principally engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. The company's primary objective is to create value for its shareholders through the re-leasing and redevelopment of the majority of its Wholly Owned Properties and JV Properties. It generates a majority of its revenue from tenants.

Seritage Growth Properties (FRA:1D3) Headlines

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