Seritage Growth Properties

Seritage Growth Properties

SRG · NYSE · Real Estate / Real Estate Services

1.52USD-0.02 (-1.30%)

Price History

Full chart

Market Stats

Previous Close1.54
Open1.52
Day Range1.50 – 1.54
52-Week Range1.75 – 4.38
Volume58.04K
Market Cap102.51M
P/E (TTM)0.00
Forward P/E11.29
EPS-1.05
Dividend Yield0.00%
Beta2.19
50-Day Avg2.19
200-Day Avg2.73

About

Seritage Growth Properties was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. As of June 30, 2026, the Company's portfolio consisted of interests in nine properties comprised of approximately 0.8 million square feet of gross leasable area (GLA) or build-to-suit leased area and 139 acres of land. The portfolio encompasses four consolidated properties consisting of approximately 0.3 million square feet of GLA and 56 acres (such properties, the Consolidated Properties) and five unconsolidated entities consisting of approximately 0.5 million square feet of GLA and 83 acres (such properties, the Unconsolidated Properties). Seritage Growth Properties was incorporated in 2015 in Maryland.

Company Details

  • SectorReal Estate
  • IndustryReal Estate Services
  • CEOMr. Adam Metz
  • Employees5
  • Headquarters500 Fifth Avenue, New York, NY, United States, 10110, USA
  • Websitehttps://www.seritage.com

Leadership

  • Mr. Adam MetzCEO, President & Chairman · b. 1961
  • Mr. Eric DinenbergChief Operating Officer · b. 1984
  • Mr. Matthew E. FernandChief Legal Officer & Corporate Secretary · b. 1977
  • Mr. John Andrew GarilliInterim Chief Financial Officer · b. 1965

Financials

Income Statement

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue273.10M113.18M248.67M241.02M214.75M168.63M116.50M116.68M107.06M20.78M17.62M18.20M
Growth (%)--58.56%+119.71%-3.08%-10.90%-21.48%-30.92%+0.16%-8.25%-80.59%-15.19%+3.30%
Cost of Revenue96.05M94.20M65.19M65.35M71.15M80.72M77.93M80.26M65.72M27.41M20.27M16.44M
Gross Profit177.04M18.98M183.48M175.66M143.60M87.92M38.56M36.42M41.34M-6.63M-2.65M1.76M
Gross Margin64.83%16.77%73.78%72.88%66.87%52.13%33.10%31.21%38.61%-31.91%-15.05%9.70%
Operating Expense118.14M9.96M213.93M290.23M261.72M143.74M124.85M93.15M88.75M60.46M43.14M38.23M
Operating Income58.90M9.02M-30.45M-114.57M-118.12M-55.82M-86.28M-56.73M-47.41M-67.09M-45.79M-36.47M
Operating Margin21.57%7.97%-12.24%-47.53%-55.00%-33.10%-74.07%-48.62%-44.29%-322.87%-259.85%-200.32%
EBITDA173.19M44.08M170.66M211.74M106.00M108.69M34.60M120.56M8.44M-95.66M-113.67M-41.51M
EBITDA Margin63.42%38.95%68.63%87.85%49.36%64.46%29.70%103.32%7.88%-460.34%-645.06%-228.01%
Net Income-4.37M-22.34M-51.56M-73.75M-73.47M-59.40M-105.03M-28.15M-73.94M-154.91M-153.54M-68.22M
Net Income Margin-1.60%-19.74%-20.73%-30.60%-34.21%-35.22%-90.15%-24.12%-69.07%-745.52%-871.27%-374.73%
R&D-00.360.50.530.541.310.331.127.53--
R&D as % of Total Revenue-0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense060.65M63.59M70.11M90.02M94.52M91.32M107.97M86.73M44.57M24.97M20.27M
Interest Expense % of Total Revenue0.00%53.59%25.57%29.09%41.92%56.05%78.39%92.54%81.01%214.50%141.71%111.37%

Balance Sheet

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-2.83B2.71B2.78B2.88B2.75B2.65B2.41B1.84B973.86M677.77M393.78M
Total Liabilities-1.26B1.29B1.45B1.73B1.71B1.77B1.57B1.12B410.70M271.97M60.98M
Total Equity-1.57B1.42B886.70M1.15B731.42M882.73M844.80M722.60M561.99M404.46M331.42M
Cash-62.87M52.03M241.57M532.86M139.26M143.73M106.60M133.48M134.00M85.21M48.09M
Total Debt-1.14B1.19B1.35B1.61B1.61B1.64B1.48B2.06B367.60M240.00M47.68M
Net Debt-1.08B1.11B1.10B1.07B1.47B1.48B1.36B902.19M233.60M154.79M-411.00K

Cash Flow

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow42.86M21.43M92.42M69.65M54.90M-57.66M-47.31M-136.00M-117.92M-53.06M-53.55M-34.90M
Investing Cash Flow-5.28B-2.66B-52.78M27.15M-119.47M-299.49M42.87M260.71M586.08M732.91M126.87M198.47M
Financing Cash Flow5.55B2.78B-50.49M180.79M180.20M-36.45M15.44M-161.21M-436.97M-675.09M-125.31M-198.99M
Capital Expenditure011.00M66.19M243.10M103.46M247.18M246.82M105.66M99.29M732.91M00
Free Cash Flow-10.43M26.23M-173.46M54.90M-57.66M-47.31M-136.00M-117.92M-785.97M-53.55M-34.90M
Dividends Paid39.35M27.89M39.35M34.25M39.70M22.86M4.90M4.90M4.90M4.90M4.90M4.90M
FCF to OCF-48.67%28.38%-249.05%100.00%100.00%100.00%100.00%100.00%1481.26%100.00%100.00%
Dividend Paid to FCF-267.39%150.02%-19.74%72.31%-39.65%-10.36%-3.60%-4.16%-0.62%-9.15%-14.04%

Earnings

Report DateSep 30, 2015Nov 12, 2015Mar 10, 2016May 5, 2016Aug 4, 2016Nov 3, 2016Feb 28, 2017May 4, 2017Aug 3, 2017Nov 2, 2017Feb 27, 2018May 3, 2018Aug 2, 2018Nov 1, 2018Feb 28, 2019May 2, 2019Aug 1, 2019Oct 31, 2019Feb 27, 2020May 7, 2020Aug 6, 2020Nov 5, 2020Mar 10, 2021Apr 29, 2021Aug 9, 2021Nov 2, 2021Mar 15, 2022May 10, 2022Aug 9, 2022Nov 9, 2022Mar 14, 2023May 10, 2023Aug 14, 2023Nov 8, 2023Mar 27, 2024May 10, 2024Aug 14, 2024Nov 6, 2024Mar 31, 2025May 15, 2025Aug 14, 2025Nov 14, 2025May 14, 2026Aug 14, 2026Nov 13, 2026
EPS Estimate0.00-----------0.01-0.01-0.01-0.01--0.50-0.33-0.70-0.59-0.03-1.33-0.92-0.23-1.73-------------0.00--0.00---
EPS Actual0.090.560.530.540.22-0.67-0.48-0.59-0.630.31-1.270.26-0.23-0.66-1.57-0.23-0.50-0.33-0.70-0.59-0.03-1.33-0.92-0.23-1.73-0.501.64-1.22-2.56-0.081.63-1.13-1.73-0.040.040.04-1.82-0.41-0.23-0.42-0.53-0.24-0.11-0.13-
Surprise-----------2700.00%-2200.00%-6500.00%-15600.00%-0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--------------------
Timing-----After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours---After-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-market--After-hoursAfter-hoursAfter-hours--

Key Statistics & Ratios

Market Cap102.51M
Enterprise Value105.46M
Trailing P/E0.00
Forward P/E11.29
PEG Ratio0.00
Price / Sales8.19
Price / Book0.36
EPS-1.05
Book Value5.19
Revenue (TTM)12.52M
Gross Profit (TTM)932.00K
EBITDA-19.39M
Profit Margin0.00%
Operating Margin-178.38%
Return on Equity-16.73%
Return on Assets-3.03%
Shares Outstanding56.32M
Shares Float39.88M
Beta2.19
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
44.80%
Insiders
33.33%
Retail / Other
21.87%

Top Institutional Holders

  • Hotchkis & Wiley Capital Management LLC
    3.13M5.55%
  • Vanguard Portfolio Management, LLC
    1.63M2.90%
  • Vanguard Capital Management, LLC
    1.63M2.90%
  • K2 PRINCIPAL FUND LP
    1.08M1.92%
  • Towerview LLC
    1.03M1.83%
  • Yakira Capital Management, Inc.
    1.02M1.81%
  • FourWorld Capital Management LLC
    928.05K1.65%
  • LITTLEJOHN & CO LLC
    885.21K1.57%
  • Cygnus Capital Advisors, LLC
    851.45K1.51%
  • Gabelli Funds LLC
    782.40K1.39%
  • Gabelli Securities Inc
    773.65K1.37%
  • Clutterbuck Capital Management LLC
    701.03K1.24%
  • BlackRock Inc
    595.27K1.06%
  • Geode Capital Management, LLC
    509.24K0.90%
  • Creek Drive Management Group LLC
    506.00K0.90%
  • Citadel Advisors Llc
    447.35K0.79%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.25M2.23%
  • Hotchkis & Wiley Small Cap Value I
    1.02M1.81%
  • American Beacon Small Cp Val R5
    774.88K1.38%
  • GAMCO Intl SICAV Merger Arbtrg I (USD)
    681.29K1.21%

Dividends

20191×
0.25Mar 28, 2019
20184×
0.25Dec 28, 20180.25Sep 27, 20180.25Jun 28, 20180.25Mar 28, 2018
20174×
0.25Dec 28, 20170.25Sep 28, 20170.25Jun 28, 20170.25Mar 29, 2017
20164×
0.25Dec 28, 20160.25Sep 28, 20160.25Jun 28, 20160.25Mar 29, 2016
20151×
0.50Dec 29, 2015