SRG - Seritage Growth Properties Stock Price, Fair Value and News

9.48USD+0.19 (+2.05%)Market Closed

Market Summary

USD9.48+0.19

Market Closed

2.05%

SRG Alerts

1 major insider sales recently.

SRG Stock Price

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SRG RSI Chart

SRG Valuation

Market Cap

516.9M

Price/Earnings (Trailing)

-3.34

Price/Sales (Trailing)

24.88

EV/EBITDA

-4

Price/Free Cashflow

-9.74

SRG Price/Sales (Trailing)

SRG Profitability

EBT Margin

-745.33%

Return on Equity

-27.51%

Return on Assets

-15.91%

Free Cashflow Yield

-10.27%

SRG Fundamentals

SRG Revenue

Revenue (TTM)

20.8M

Rev. Growth (Yr)

-60.04%

Rev. Growth (Qtr)

81.62%

SRG Earnings

Earnings (TTM)

-154.9M

Earnings Growth (Yr)

-96.02%

Earnings Growth (Qtr)

508.43%

Breaking Down SRG Revenue

Last 7 days

0.9%

Last 30 days

2.1%

Last 90 days

-1.5%

Trailing 12 Months

13.4%

How does SRG drawdown profile look like?

SRG Financial Health

Debt/Equity

1.91

Debt/Cashflow

-0.05

SRG Investor Care

Dividend Yield

7.15%

Dividend/Share (TTM)

0.69

Shares Dilution (1Y)

1.48%

Diluted EPS (TTM)

-2.86

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	85.5M	63.9M	42.3M	20.8M
2022	116.3M	118.1M	112.6M	107.1M
2021	114.5M	120.5M	115.8M	116.7M
2020	158.1M	139.4M	125.5M	116.5M
2019	204.8M	196.1M	187.1M	168.6M
2018	229.4M	220.8M	213.3M	214.8M
2017	251.1M	247.1M	253.5M	241.0M
2016	0	238.4M	242.0M	248.7M
2015	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Seritage Growth Properties

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	lampert edward s	sold	-250,288	9.7559	-25,655	-
Mar 05, 2024	dinenberg eric	sold (taxes)	-	-	-5,832	chief operating officer
Mar 05, 2024	fernand matthew e	sold (taxes)	-	-	-7,668	chief legal officer
Mar 05, 2024	olshan andrea	sold (taxes)	-	-	-40,798	ceo and president
Feb 28, 2024	lampert edward s	sold	-61,923	9.605	-6,447	-
Feb 27, 2024	lampert edward s	sold	-198,681	9.6009	-20,694	-
Feb 26, 2024	lampert edward s	sold	-438,456	9.6039	-45,654	-
Feb 22, 2024	lampert edward s	sold	-1,318,430	9.6765	-136,251	-
Jan 24, 2024	lampert edward s	sold	-3,803	9.5075	-400	-
Jan 23, 2024	lampert edward s	sold	-3,823	9.5575	-400	-

Which funds bought or sold SRG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 18, 2024	Aquamarine Zurich AG	unchanged	-	150,000	4,825,000	1.84%
Apr 12, 2024	IMC-Chicago, LLC	new	-	353,422	353,422	-%
Apr 05, 2024	NBC SECURITIES, INC.	added	28.91	10,000	39,000	-%
Apr 05, 2024	GAMMA Investing LLC	unchanged	-	23.00	444	-%
Apr 05, 2024	CWM, LLC	new	-	-	-	-%
Mar 27, 2024	NOMURA HOLDINGS INC	added	8.83	230,021	960,909	-%
Mar 11, 2024	VANGUARD GROUP INC	added	0.15	5,754,520	33,180,000	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	417	870,817	1,036,480	-%
Feb 16, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	added	0.11	87,442	505,442	-%
Feb 16, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	8.27	107,000	454,000	-%

Are Funds Buying or Selling SRG?

Are funds buying SRG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SRG

No. of Funds

SRG Alerts

1 major insider sales recently.

Unveiling Seritage Growth Properties's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 05, 2024	he zhengxu	6.15%	3,455,146	SC 13G
Feb 26, 2024	lampert edward s	24.1%	13,536,958	SC 13D/A
Feb 14, 2024	sanda par olof	1.45%	816,879	SC 13G/A
Feb 13, 2024	hotchkis & wiley capital management llc	8.61%	4,839,080	SC 13G/A
Feb 13, 2024	vanguard group inc	6.32%	3,548,668	SC 13G/A
Jan 18, 2024	ursa fund management, llc	12.14%	339,843	SC 13G
Jan 05, 2024	tisch thomas j	3.6%	2,023,714	SC 13G/A
Dec 27, 2023	yakira capital management, inc.	1.33%	37,283	SC 13G
Dec 12, 2023	lampert edward s	25.2%	14,162,487	SC 13D/A
Nov 20, 2023	lampert edward s	26.5%	14,872,550	SC 13D/A

Recent SEC filings of Seritage Growth Properties

View All Filings

Date Filed	Form Type	Document
Apr 10, 2024	4	Insider Trading
Apr 05, 2024	SC 13G	Major Ownership Report
Apr 03, 2024	4	Insider Trading
Apr 02, 2024	8-K	Current Report
Apr 01, 2024	10-K	Annual Report
Mar 15, 2024	NT 10-K	NT 10-K
Mar 07, 2024	4	Insider Trading
Mar 07, 2024	4	Insider Trading
Mar 07, 2024	4	Insider Trading
Mar 01, 2024	8-K	Current Report

Peers (Alternatives to Seritage Growth Properties)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	81.2B	11.1B	-10.61%	-15.58%	59.43	7.29	4.04%	-19.43%
CCI	41.5B	7.0B	-7.49%	-24.51%	27.61	5.94	-0.07%	-10.36%
AVB	26.8B	2.8B	2.03%	7.82%	28.86	9.68	6.73%	-18.30%
ARE	19.9B	3.0B	-5.54%	-4.71%	103.23	6.73	10.44%	-74.28%
AMH	12.9B	1.6B	-2.28%	7.19%	29.83	8.02	7.80%	39.39%
REG	11.1B	1.3B	-0.17%	-2.44%	30.42	8.39	8.04%	-24.50%
BXP	9.9B	3.3B	-3.05%	17.69%	51.88	3.01	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.1B	1.65%	4.00%	36.02	7.54	5.38%	-38.52%
MAC	3.5B	884.1M	-7.59%	58.53%	-12.72	3.94	2.90%	-314.82%
SLG	3.4B	899.4M	-4.04%	119.88%	-6.02	3.78	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	1.09%	18.62%	20.35	2.98	4.38%	15.77%
AIV	1.2B	198.2M	1.38%	2.14%	-7.42	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-8.77%	0.29%	13.7	1.81	25.53%	134.62%
NYMT	656.9M	258.7M	1.58%	-30.85%	-13.5	2.54	0.11%	83.70%
IVR	415.3M	277.9M	-11.04%	-20.87%	-26.19	1.49	44.33%	96.06%

Seritage Growth Properties News

Latest updates

Seritage Growth Properties Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	81.6%	9,168,000	5,048,000	5,884,000	14,414,500	22,945,000	23,501,000	29,704,000	30,905,000	28,525,000	29,003,000	27,874,000	31,281,000	27,652,000	33,707,000	21,819,000	33,317,000	36,634,000	47,628,000	40,511,000	43,860,000	55,114,000
Costs and Expenses	37.9%	23,036,500	16,711,000	21,616,000	26,506,000	39,109,000	36,696,000	73,988,000	40,208,000	40,508,000	42,066,000	45,665,000	45,172,000	33,817,000	55,491,000	50,427,000	63,043,000	69,750,000	50,349,000	47,952,000	56,404,000	120,839,000
S&GA Expenses	94.8%	15,639,000	8,030,000	10,099,000	12,220,000	16,638,000	10,811,000	11,093,000	9,092,000	9,947,000	8,780,000	11,990,000	11,232,000	-418,000	11,203,000	8,644,000	9,420,000	12,970,000	8,130,000	8,297,000	9,759,000	9,980,000
EBITDA Margin	-1714.9%	-4.61	0.29	0.44	-0.02	0.08	0.16	0.03	0.51	1.03	-0.18	-0.50	0.33	0.30	0.58	0.90	0.61	0.64	0.53	0.61	0.78	0.87
Interest Expenses	-27.5%	7,078,000	9,763,000	12,528,000	15,202,000	19,563,000	21,916,000	22,663,000	22,588,000	26,128,000	26,721,000	28,976,000	26,150,000	24,916,000	22,742,000	22,145,000	21,513,000	-	22,046,000	22,141,000	23,454,000	25,016,000
Income Taxes	-100.0%	-	89,000	-38,000	-13,000	171,000	67,000	203,000	25,000	-2,000	38,000	298,000	-138,000	37,000	226,000	26,000	-37,000	113,000	-40,000	146,000	-23,000	-116,000
Earnings Before Taxes	553.1%	3,684,000	-813,000	-95,745,000	-61,999,000	92,625,000	-3,414,000	-141,880,000	-66,962,000	93,599,000	-26,311,000	-95,006,000	-11,071,000	-49,655,000	-72,175,000	130,000	-31,012,000	-37,229,000	-16,522,000	-25,739,000	-10,917,000	-85,849,000
EBT Margin	-378.7%	-7.45	-1.56	-1.07	-1.34	-1.12	-1.05	-1.20	-0.81	-0.33	-1.57	-1.89	-1.16	-1.31	-1.12	-0.61	-0.70	-0.54	-0.74	-0.80	-0.69	-0.53
Net Income	508.4%	3,684,000	-902,000	-95,707,000	-61,986,000	92,454,000	-3,439,000	-110,755,000	-52,205,000	72,945,000	-20,534,000	-72,840,000	-7,720,000	-34,381,000	-50,053,000	72,000	-20,664,000	-37,342,000	-10,878,000	-16,903,000	-6,967,000	-85,733,000
Net Income Margin	-377.3%	-7.46	-1.56	-1.07	-0.98	-0.69	-0.83	-0.94	-0.62	-0.24	-1.17	-1.37	-0.80	-0.90	-0.86	-0.49	-0.54	-0.43	-0.64	-0.74	-0.67	-0.53
Free Cashflow	-5.2%	-11,040,000	-10,494,000	-9,575,000	-21,952,000	-44,376,000	-19,046,000	-24,453,000	-30,048,000	-39,443,000	-28,951,000	-44,505,000	-23,097,000	-22,014,000	-6,955,000	-8,145,000	-10,200,000	-19,311,000	-11,819,000	-9,759,000	-16,771,000	40,603,000

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-4.2%	974	1,016	1,168	1,516	1,842	2,055	2,237	2,336	2,414	2,495	2,503	2,612	2,649	2,743	2,779	2,764	2,751	2,793	2,799	2,840	2,876
Cash Equivalents	35.5%	134	99.00	125	120	133	130	150	54.00	107	153	140	138	144	118	82.00	97.00	139	232	326	443	533
Liabilities	-9.9%	411	456	606	858	1,119	1,424	1,603	1,559	1,569	1,743	1,728	1,741	1,766	1,803	1,767	1,752	1,707	1,714	1,703	1,717	1,726
Shareholder's Equity	0.7%	563	559	562	658	720	631	634	777	845	752	775	871	883	940	1,012	1,012	1,043	1,079	1,096	1,123	1,150
Retained Earnings	0.3%	-800	-802	-800	-703	-640	-731	-719	-607	-553	-625	-611	-537	-528	-493	-441	-440	-418	-392	-380	-362	-1.29
Additional Paid-In Capital	0.0%	1,362	1,361	1,361	1,360	1,360	1,360	1,242	1,242	1,241	1,240	1,230	1,201	1,177	1,180	1,178	1,178	1,150	1,146	1,144	1,124	1,125
Shares Outstanding	-100.0%	-	56.00	56.00	56.00	50.00	55.00	44.00	44.00	42.00	44.00	43.00	39.00	38.00	38.00	38.00	37.00	36.00	37.00	36.00	36.00	36.00
Minority Interest	7.8%	1.00	1.00	1.00	1.00	2.00	2.00	111	142	157	136	156	208	234	253	275	275	312	326	331	361	370
Float	-	-	-	-	-	-	-	155	-	-	-	540	-	-	-	-	-	-	-	407	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-5.2%	-11,040	-10,494	-9,575	-21,952	-44,376	-19,046	-24,453	-30,048	-39,443	-28,951	-44,505	-23,097	-22,014	-6,955	-8,145	-10,200	-19,311	-11,819	-9,759	-16,771	40,603
Share Based Compensation	2.2%	661	647	653	774	1,032	843	467	425	631	272	42.00	911	-6,214	1,374	626	1,179	2,611	1,349	1,353	1,532	1,883
Cashflow From Investing	-37.1%	87,347	138,772	266,502	240,290	289,952	196,245	121,403	-21,521	153,900	39,722	48,570	18,515	52,565	27,008	-5,681	-31,024	-72,524	-80,030	-90,341	-56,595	-72,199
Cashflow From Financing	72.6%	-41,455	-151,184	-251,225	-231,225	-241,225	-193,295	-1,225	-1,225	-161,232	2,549	-1,323	-1,206	-1,216	19,191	-1,236	-1,299	-1,225	-1,336	-17,020	-16,866	-17,168
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,966	8,998	8,897
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-24.00	24.00	-24.00	12.00	-2.00	-	-1.00	-	-

SRG Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUE
Rental income	$ 15,060	$ 104,609	$ 115,651
Management and other fee income	$ 5,719	$ 2,446	$ 1,032
Type of Revenue [Extensible List]	Management and Other Fee Income [Member]	Management and Other Fee Income [Member]	Management and Other Fee Income [Member]
Total revenue	$ 20,779	$ 107,055	$ 116,683
EXPENSES
Property operating	21,282	41,770	45,007
Real estate taxes	6,128	23,950	35,256
Depreciation and amortization	14,471	41,114	51,199
General and administrative	45,988	47,634	41,949
Litigation settlement		35,533
Total expenses	87,869	190,001	173,411
Gain on sale of real estate, net	96,214	211,936	221,681
Gain (loss) on sale of interest in unconsolidated entities	6,407	(677)
Impairment of real estate assets	(107,043)	(126,887)	(95,826)
Equity in loss of unconsolidated entities	(55,857)	(72,080)	(9,226)
Interest and other income, net	17,067	37,753	9,285
Interest expense	(44,571)	(86,730)	(107,975)
Loss before income taxes	(154,873)	(119,631)	(38,789)
Provision for income taxes	(38)	(466)	(196)
Net loss	(154,911)	(120,097)	(38,985)
Net loss attributable to non-controlling interests		46,152	10,836
Net loss attributable to Seritage	(154,911)	(73,945)	(28,149)
Preferred dividends	(4,900)	(4,900)	(4,900)
Net loss attributable to Seritage common shareholders	$ (159,811)	$ (78,845)	$ (33,049)
Net loss per share attributable to Seritage Class A common shareholders - Basic	$ (2.85)	$ (1.59)	$ (0.78)
Net loss per share attributable to Seritage Class A common shareholders - Diluted	$ (2.85)	$ (1.59)	$ (0.78)
Weighted average Class A common shares outstanding - Basic	56,151	49,729	42,393
Weighted average Class A common shares outstanding - Diluted	56,151	49,729	42,393

SRG Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investment in real estate
Land	$ 102,090	$ 172,813
Buildings and improvements	344,972	463,616
Accumulated depreciation	(36,025)	(57,330)
Real Estate Investment Property, at Cost, Total	411,037	579,099
Construction in progress	135,305	185,324
Net investment in real estate	546,342	764,423
Real estate held for sale	39,332	455,617
Investment in unconsolidated entities	196,437	382,597
Cash and cash equivalents	134,001	133,480
Restricted cash	15,699	11,459
Tenant and other receivables, net	12,246	41,495
Lease intangible assets, net	886	1,791
Prepaid expenses, deferred expenses and other assets, net	28,921	50,859
Total assets	973,864	1,841,721
Liabilities
Term loan facility, net	360,000	1,029,754
Accounts payable, accrued expenses and other liabilities	50,700	89,368
Total liabilities	410,700	1,119,122
Commitments and contingencies (Note 9)
Shareholders' Equity
Additional paid-in capital	1,361,742	1,360,411
Accumulated deficit	(800,342)	(640,531)
Total shareholders' equity	561,990	720,469
Non-controlling interests	1,174	2,130
Total equity	563,164	722,599
Total liabilities and equity	973,864	1,841,721
Class A Common Shares [Member]
Shareholders' Equity
Common shares	562	561
Series A Preferred Shares [Member]
Shareholders' Equity
Preferred shares	$ 28	$ 28

About Seritage Growth Properties

Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States. As of June 30, 2023, the Company's portfolio consisted of interests in 50 properties comprised of approximately 6.8 million square feet of gross leasable area (Ã‚â€œGLAÃ‚â€) or build-to-suit leased area, approximately 157 acres held for or under development and approximately 3.6 million square feet or approximately 303 acres to be disposed of. The portfolio consists of approximately 5.2 million square feet of GLA held by 38 wholly owned properties (such properties, the Ã‚â€œConsolidated PropertiesÃ‚â€) and 1.7 million square feet of GLA held by 12 unconsolidated entities (such properties, the Ã‚â€œUnconsolidated PropertiesÃ‚â€).

CEO	Ms. Andrea L. Olshan
WEBSITE	seritage.com
INDUSTRY	REIT Mortgage
EMPLOYEES	32

Seritage Growth Properties Frequently Asked Questions

What is the ticker symbol for Seritage Growth Properties? What does SRG stand for in stocks?

SRG is the stock ticker symbol of Seritage Growth Properties. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Seritage Growth Properties (SRG)?

As of Mon Apr 22 2024, market cap of Seritage Growth Properties is 516.88 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SRG stock?

You can check SRG's fair value in chart for subscribers.

What is the fair value of SRG stock?

You can check SRG's fair value in chart for subscribers. The fair value of Seritage Growth Properties is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Seritage Growth Properties is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SRG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Seritage Growth Properties a good stock to buy?

The fair value guage provides a quick view whether SRG is over valued or under valued. Whether Seritage Growth Properties is cheap or expensive depends on the assumptions which impact Seritage Growth Properties's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SRG.

What is Seritage Growth Properties's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 22 2024, SRG's PE ratio (Price to Earnings) is -3.34 and Price to Sales (PS) ratio is 24.88. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SRG PE ratio will change depending on the future growth rate expectations of investors.