Sears Holdings Corp., following nine straight quarters of losses, said it’s actively exploring the possible sale and lease back of 200 to 300 stores in a bid to strengthen its balance sheet.

The selected outlets would be sold to a newly formed real estate investment trust, the Hoffman Estates, Illinois-based company said today in a statement. Sears would continue to operate stores in the locations sold to the REIT under leases. It also would let shareholders purchase stock in the trust.

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