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Seritage Growth Properties

Real Estate US SRG

2.6USD
-0.04(1.52%)

Last update at 2026-06-24T20:00:00Z

Day Range

2.582.66
LowHigh

52 Week Range

7.0712.79
LowHigh

Fundamentals

  • Previous Close 2.64
  • Market Cap531.23M
  • Volume127586
  • P/E Ratio-
  • Dividend Yield12.45%
  • EBITDA-54.71500M
  • Revenue TTM28.07M
  • Revenue Per Share TTM0.50
  • Gross Profit TTM 37.76M
  • Diluted EPS TTM-0.91

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -119.63100M -38.78900M -152.71200M -90.40700M -114.55700M
Minority interest -46.15200M -10.83600M -47.93800M -31.20600M -41.40600M
Net income -120.09700M -38.98500M -152.96400M -90.60300M -73.47200M
Selling general administrative 47.63M 41.95M 28.85M 39.16M 34.79M
Selling and marketing expenses - - - - -
Gross profit 41.34M 36.42M 38.56M 87.92M 143.60M
Reconciled depreciation 41.34M 51.38M 96.00M 104.58M 226.68M
Ebit -81.74000M -56.66900M -85.84300M -66.99200M -120.67900M
Ebitda -40.62600M -5.47000M 10.15M 37.59M 106.00M
Depreciation and amortization 41.11M 51.20M 96.00M 104.58M 226.68M
Non operating income net other -35.00400M 0.06M 89.00M 66.66M 93.60M
Operating income -81.74000M -56.66900M -85.84300M -66.99200M -118.11700M
Other operating expenses 154.47M 173.41M 202.78M 224.46M 332.87M
Interest expense 86.73M 107.97M 91.32M 94.52M 90.02M
Tax provision 0.47M 0.20M 0.25M 0.20M 0.32M
Interest income 121.06M 9.29M 3.39M 6.82M 7.89M
Net interest income -48.97700M -98.69000M -87.92200M -87.69500M -82.13400M
Extraordinary items - - - - -
Non recurring 162.42M 95.83M 64.11M - 0.26M
Other items - - - - -
Income tax expense 0.47M 0.20M 0.25M 0.20M 0.32M
Total revenue 107.06M 116.68M 116.50M 168.63M 214.75M
Total operating expenses 88.75M 93.15M 124.85M 143.74M 261.72M
Cost of revenue 65.72M 80.26M 77.93M 80.72M 71.15M
Total other income expense net -37.89100M 17.88M -66.86900M -23.41500M 85.69M
Discontinued operations - - - - -
Net income from continuing ops -120.09700M -38.98500M -152.96400M -90.60300M -114.87800M
Net income applicable to common shares -78.84500M -33.04900M -109.92600M -64.29700M -78.37500M
Preferred stock and other adjustments 4.90M 4.90M 4.90M 4.90M 4.90M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 1841.72M 2414.14M 2648.94M 2750.61M 2876.08M
Intangible assets 1.79M 14.82M 18.59M 68.15M 123.66M
Earning assets - - - - -
Other current assets 467.08M 68.93M 72.14M 73.02M 10.71M
Total liab 1119.12M 1569.34M 1766.22M 1707.24M 1725.62M
Total stockholder equity 720.47M 687.74M 649.04M 731.42M 780.77M
Deferred long term liab - 0.20M 5.00M 24.61M -
Other current liab 51.46M 24.85M 52.11M 36.54M 46.92M
Common stock 0.56M 0.44M 0.39M 0.38M 0.37M
Capital stock 0.59M 0.46M 0.42M 0.41M 0.40M
Retained earnings -640.53100M -553.77100M -528.63600M -418.71100M -344.13200M
Other liab 0.98M 3.66M 4.19M 20.70M 29.00M
Good will - - - - -
Other assets 1280.23M 567.50M 2440.05M 5.28M 29.90M
Cash 133.48M 106.60M 143.73M 139.26M 532.86M
Cash and equivalents 133.48M 106.60M 143.73M 139.26M 532.86M
Total current liabilities 81.89M 87.98M 123.30M 79.24M 104.08M
Current deferred revenue 4.98M 6.48M 5.99M 8.32M 20.52M
Net debt 902.19M 1359.90M 1483.81M 1466.89M 1065.20M
Short term debt 0.00000M 20.63M 20.43M 0.00000M 14.11M
Short long term debt - - - - -
Short long term debt total 1035.67M 1466.50M 1627.53M 1606.15M 1598.05M
Other stockholder equity 1360.41M 1241.05M 1177.26M 1149.72M 1124.50M
Property plant equipment 1220.04M 1696.11M 1912.74M 1975.91M 1754.16M
Total current assets 652.70M 152.88M 208.34M 210.03M 582.45M
Long term investments 382.60M 498.56M 457.03M 445.08M 398.58M
Net tangible assets 718.65M 672.90M 630.42M 663.24M 657.09M
Short term investments 382.60M 1696.11M - - -
Net receivables 41.49M 29.11M 46.57M 54.47M 36.93M
Long term debt 1029.75M 1439.33M 1598.91M 1598.49M 1598.05M
Inventory - -51.76500M - - 1.95M
Accounts payable 25.45M 36.02M 44.78M 34.38M 22.54M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 2.13M 157.06M 233.69M 311.95M 369.69M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -
Additional paid in capital - - - - -
Common stock total equity 0.56M 0.44M 0.39M 0.38M 0.37M
Preferred stock total equity 0.03M 0.03M 0.03M 0.03M 0.03M
Retained earnings total equity -640.53100M -553.77100M -528.63700M -418.71100M -344.13200M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 787.34M 9.83M 9.41M 9.28M 5.41M
Deferred long term asset charges - - - - -
Non current assets total 1189.02M 2261.26M 2440.60M 2540.59M 2293.63M
Capital lease obligations 5.92M 20.63M 28.62M 7.67M -
Long term debt total 1029.75M 1459.96M 1619.33M 1598.49M 1598.05M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 42.08M -26.06000M -42.19000M -52.30900M -16.01700M
Change to liabilities -21.25200M -35.77400M 20.81M -8.00600M 15.06M
Total cashflows from investing activities 586.08M 260.71M 42.87M -299.49000M -119.47500M
Net borrowings -410.00000M -160.00000M 20.43M 20.43M 241.97M
Total cash from financing activities -436.97000M -161.21200M 15.44M -36.44700M 180.20M
Change to operating activities 2.84M -3.58800M -0.17900M -5.14900M -9.81100M
Net income -120.09700M -38.98500M -152.96400M -90.60300M -114.87800M
Change in cash 31.19M -36.50100M 10.99M -393.59700M 115.62M
Begin period cash flow 113.75M 150.25M 139.26M 532.86M 417.23M
End period cash flow 144.94M 113.75M 150.25M 139.26M 532.86M
Total cash from operating activities -117.92300M -135.99600M -47.31400M -57.66000M 54.90M
Issuance of capital stock - - - 0.00000M 0.00000M
Depreciation 41.34M 51.38M 94.20M 104.09M 225.91M
Other cashflows from investing activities 643.29M 392.42M 331.88M 140.50M 210.10M
Dividends paid -4.90000M -4.90000M -4.90000M -22.86400M 39.70M
Change to inventory - - - - -
Change to account receivables -10.82300M 5.77M 9.72M 2.56M -0.25600M
Sale purchase of stock 0.00000M -0.26900M -0.08500M -3.52300M -1.84000M
Other cashflows from financing activities 586.08M 3.96M 20.43M -10.06000M -22.70300M
Change to netincome -9.52500M -113.15000M -24.31500M -52.10900M -74.28900M
Capital expenditures 99.29M 105.66M 246.82M 247.18M 103.46M
Change receivables -10.82300M 5.77M 9.72M 2.56M -0.25600M
Cash flows other operating 3.29M -3.38600M -0.17900M -5.14900M -9.78800M
Exchange rate changes - - - - -
Cash and cash equivalents changes 31.19M -36.50100M 10.99M -393.59700M 115.62M
Change in working capital -29.23600M -33.59100M 30.36M -10.59900M 4.99M
Stock based compensation 2.77M 1.86M -3.03500M 6.84M 7.47M
Other non cash items -12.69400M -1.64500M 5.40M -15.15600M 13.15M
Free cash flow -117.92300M -135.99600M -47.31400M -57.66000M 54.90M

Peer Comparison

Sector: Real Estate Industry: REIT - Retail

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
SRG
Seritage Growth Properties		 -0.04 1.52% 2.60 - - 18.97 0.92 23.66 72.07
SPG
Simon Property Group Inc		 5.41 2.50% 222.15 21.31 24.69 9.77 16.15 12.96 14.98
O
Realty Income Corporation		 0.46 0.75% 61.99 43.10 43.67 10.55 1.30 15.84 18.03
CPAMF
CapitaLand Integrated Commercial Trust		 - -% 1.86 18.50 19.27 9.34 1.07 17.24 22.50
LKREF
Link Real Estate Investment Trust		 - -% 4.65 - 15.77 1.14 0.61 1.54 26.84

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Profile

Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of September 30, 2023, the Company's portfolio consisted of interests in 42 properties comprised of approximately 5.6 million square feet of gross leasable area (GLA) or build-to-suit leased area, approximately 126 acres held for or under development and approximately 2.9 million square feet or approximately 259 acres to be disposed of. The portfolio consists of approximately 4.3 million square feet of GLA held by 33 wholly owned properties (such properties, the Consolidated Properties) and 1.2 million square feet of GLA held by 9 unconsolidated entities (such properties, the Unconsolidated Properties).

Seritage Growth Properties

500 Fifth Avenue, New York, NY, United States, 10110

Key Executives

Name Title Year Born
Ms. Andrea L. Olshan CEO, Pres & Director 1980
Mr. Eric Dinenberg Chief Operating Officer 1983
Mr. Matthew E. Fernand Chief Legal Officer & Corp. Sec. 1977
Mr. John Andrew Garilli Interim Chief Financial Officer 1965
Mr. Christopher Mrozinski Sr. VP of Devel. NA
Mr. Nino Cammalleri Sr. VP & Real Estate Counsel NA

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This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.