Seritage Growth Properties

Seritage Growth Properties

SRG-PA · NYSE · Real Estate / Real Estate Services

20.28USD-0.03 (-0.12%)

Price History

Full chart

Market Stats

Previous Close20.30
Open20.02
Day Range20.01 – 20.28
52-Week Range19.10 – 23.08
Volume1.57K
Market Cap2.11B
P/E (TTM)0.00
Forward P/E0.00
EPS-1.79
Dividend Yield8.29%
Beta2.19
50-Day Avg21.76
200-Day Avg22.44

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&D000.360.50.530.541.310.331.127.53--
R&D as % of Total Revenue0.00%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-886.70M804.56M886.70M780.77M731.42M649.04M687.74M720.47M561.99M404.46M331.42M
Cash-62.87M52.03M241.57M532.86M139.26M143.73M106.60M133.48M134.00M85.21M48.09M
Total Debt-1.14B1.17B1.35B1.60B1.61B1.62B1.46B1.03B367.60M240.00M47.68M
Net Debt-1.08B1.11B1.10B1.07B1.47B1.48B1.35B898.30M233.60M154.79M-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 Flow36.88M21.43M92.42M69.65M54.90M-57.66M-47.31M-136.00M-117.92M-53.06M-53.55M-34.90M
Investing Cash Flow-4.55B-2.66B-52.78M27.15M-119.47M-299.49M42.87M260.71M586.08M732.91M126.87M198.47M
Financing Cash Flow4.78B2.78B-50.49M180.79M180.20M-36.45M15.44M-161.21M-436.97M-675.09M-125.31M-198.99M
Capital Expenditure011.00M66.19M243.10M0301.37M246.82M105.66M99.29M732.91M00
Free Cash Flow-10.43M26.23M-173.46M54.90M-57.66M-47.31M-136.00M-117.92M-785.97M-53.55M-34.90M
Dividends Paid33.86M27.89M39.35M34.25M39.70M22.86M4.90M4.90M4.90M4.90M4.90M4.90M
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 DateFeb 27, 2020May 7, 2020Aug 6, 2020
EPS Estimate---
EPS Actual-0.70-0.59-0.03
Surprise---
TimingAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap2.11B
Enterprise Value1.18B
Trailing P/E0.00
Forward P/E0.00
Price / Sales102.03
Price / Book0.00
EPS-1.79
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 Outstanding0
Shares Float39.88M
Beta2.19
Dividend Yield8.29%
Dividend Rate1.75
Payout Ratio0.00%

Ownership Breakdown

Institutions
12.52%
Insiders
0.00%
Retail / Other
87.48%

Top Institutional Holders

  • PSI Advisors, LLC
    00.00%

Dividends

20263×
0.44Sep 30, 20260.44Jun 30, 20260.44Mar 31, 2026
20254×
0.44Dec 31, 20250.44Sep 30, 20250.44Jun 30, 20250.44Mar 31, 2025
20244×
0.44Dec 31, 20240.44Sep 30, 20240.44Jun 28, 20240.44Mar 27, 2024
20234×
0.44Dec 28, 20230.44Sep 29, 20230.44Jun 29, 20230.44Mar 30, 2023
20224×
0.44Dec 29, 20220.44Sep 29, 20220.44Jun 29, 20220.44Mar 30, 2022
20214×
0.44Dec 30, 20210.44Sep 29, 20210.44Jun 29, 20210.44Mar 30, 2021
20201×
0.44Dec 30, 2020