SRG Chart
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, prior to the adoption of the company's plan of sale. As of September 30, 2025, the Company's portfolio consisted of interests in 13 properties comprised of approximately 1.3 million square feet of gross leasable area (“GLA”) or build-to-suit leased area and 198 acres of land. The portfolio encompasses eight consolidated properties consisting of approximately 0.8 million square feet of GLA and 113 acres (such properties, the “Consolidated Properties”) and five unconsolidated entities consisting of approximately 0.5 million square feet of GLA and 85 acres (such properties, the “Unconsolidated Properties”).

Fundamentals
Scroll to Statements
Sector Real Estate Industry Real Estate Services Market Cap 170.95M
Enterprise Value 316.66M Income -79.38M Sales 17.41M
Book/sh 6.00 Cash/sh 0.92 Dividend Yield —
Payout 0.00% Employees 7 IPO —
P/E — Forward P/E 1.39 PEG —
P/S 9.82 P/B 0.51 P/C —
EV/EBITDA -9.71 EV/Sales 18.19 Quick Ratio 2.77
Current Ratio 9.82 Debt/Eq 58.18 LT Debt/Eq —
EPS (ttm) -1.42 EPS next Y 2.18 EPS Growth —
Revenue Growth 61.10% Earnings 2026-03-31 ROA -3.94%
ROE -19.66% ROIC — Gross Margin 4.61%
Oper. Margin -99.89% Profit Margin 0.00% Shs Outstand 56.32M
Shs Float 39.88M Short Float 11.28% Short Ratio 25.74
Short Interest — 52W High 4.56 52W Low 2.43
Beta 2.43 Avg Volume 204.91K Volume 22.31K
Target Price — Recom None Prev Close $3.01
Price $3.04 Change 0.83%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$3.04
Latest analyst target
3. DCF / Fair value
$-42.78
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.04
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2023-07-12 init Odeon Capital — → Buy $14
2017-01-03 down RBC Capital Outperform → Sector Perform $48
2016-12-05 down RBC Capital Top Pick → Outperform $62
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 63864 283641 — Sale at price 4.40 - 4.50 per share. LAMPERT EDWARD S Beneficial Owner of more than 10% of a Class of Security — 2025-09-11 00:00:00 D
1 25655 250288 — Sale at price 9.76 per share. LAMPERT EDWARD S Beneficial Owner of more than 10% of a Class of Security — 2024-04-01 00:00:00 D
2 27141 260604 — Sale at price 9.60 per share. LAMPERT EDWARD S Beneficial Owner of more than 10% of a Class of Security — 2024-02-28 00:00:00 D
3 181905 1756889 — Sale at price 9.60 - 9.68 per share. LAMPERT EDWARD S Beneficial Owner of more than 10% of a Class of Security — 2024-02-26 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.0033.98M
TaxRateForCalcs0.000.000.000.27
NormalizedEBITDA-33.12M-91.23M-40.40M-5.29M
TotalUnusualItems-80.55M-4.42M48.84M125.86M
TotalUnusualItemsExcludingGoodwill-80.55M-4.42M48.84M125.86M
NetIncomeFromContinuingOperationNetMinorityInterest-153.54M-154.91M-73.94M-28.15M
ReconciledDepreciation13.31M14.65M41.34M51.38M
ReconciledCostOfRevenue20.09M27.23M65.50M80.09M
EBITDA-113.67M-95.66M8.44M120.56M
EBIT-126.98M-110.30M-32.90M69.19M
NetInterestIncome-22.46M-27.50M-48.98M-98.69M
InterestExpense24.97M44.57M86.73M107.97M
InterestIncome2.51M17.07M37.75M9.29M
NormalizedIncome-72.99M-150.49M-122.78M-120.02M
NetIncomeFromContinuingAndDiscontinuedOperation-153.54M-154.91M-73.94M-28.15M
TotalExpenses63.41M87.87M154.47M173.41M
DilutedAverageShares56.26M56.15M49.73M42.39M
BasicAverageShares56.26M56.15M49.73M42.39M
DilutedEPS-2.82-2.85-1.59-0.78
BasicEPS-2.82-2.85-1.59-0.78
DilutedNIAvailtoComStockholders-158.44M-159.81M-78.84M-33.05M
NetIncomeCommonStockholders-158.44M-159.81M-78.84M-33.05M
PreferredStockDividends4.90M4.90M4.90M4.90M
NetIncome-153.54M-154.91M-73.94M-28.15M
MinorityInterests0.0046.15M10.84M
NetIncomeIncludingNoncontrollingInterests-153.54M-154.91M-120.10M-38.98M
NetIncomeContinuousOperations-153.54M-154.91M-120.10M-38.98M
TaxProvision1.58M38.00K466.00K196.00K
PretaxIncome-151.95M-154.87M-119.63M-38.79M
OtherIncomeExpense-83.70M-60.28M-23.24M116.63M
SpecialIncomeCharges-91.23M-100.64M-163.10M-95.83M
GainOnSaleOfBusiness2.04M6.41M-677.00K0.00
OtherSpecialCharges5.73M35.53M
ImpairmentOfCapitalAssets87.54M107.04M126.89M95.83M
EarningsFromEquityInterest-3.15M-55.86M-72.08M-9.23M
GainOnSaleOfSecurity10.68M96.21M211.94M221.68M
NetNonOperatingInterestIncomeExpense-22.46M-27.50M-48.98M-98.69M
InterestExpenseNonOperating24.97M44.57M86.73M107.97M
InterestIncomeNonOperating2.51M17.07M37.75M9.29M
OperatingIncome-45.79M-67.09M-47.41M-56.73M
OperatingExpense43.14M60.46M88.75M93.15M
DepreciationAmortizationDepletionIncomeStatement13.12M14.47M41.11M51.20M
DepreciationAndAmortizationInIncomeStatement13.12M14.47M41.11M51.20M
SellingGeneralAndAdministration30.02M45.99M47.63M41.95M
GeneralAndAdministrativeExpense30.02M45.99M47.63M41.95M
OtherGandA30.02M45.99M47.63M41.95M
GrossProfit-2.65M-6.63M41.34M36.42M
CostOfRevenue20.27M27.41M65.72M80.26M
TotalRevenue17.62M20.78M107.06M116.68M
OperatingRevenue17.62M20.78M107.06M116.68M
Line Item2024-12-312023-12-312022-12-312021-12-31
PreferredSharesNumber2.80M2.80M2.80M2.80M
OrdinarySharesNumber56.27M56.19M56.05M43.63M
ShareIssued56.27M56.19M56.05M43.63M
NetDebt154.79M226.00M896.27M1.33B
TotalDebt240.00M360.00M1.03B1.46B
TangibleBookValue403.38M561.08M718.65M672.90M
InvestedCapital644.43M921.96M1.75B2.13B
WorkingCapital73.63M150.58M552.68M33.48M
NetTangibleAssets403.41M561.10M718.68M672.92M
CapitalLeaseObligations0.0020.63M
CommonStockEquity404.43M561.96M720.44M687.71M
PreferredStockEquity28.00K28.00K28.00K28.00K
TotalCapitalization644.46M921.99M1.75B2.13B
TotalEquityGrossMinorityInterest405.80M563.16M722.60M844.80M
MinorityInterest1.35M1.17M2.13M157.06M
StockholdersEquity404.46M561.99M720.47M687.74M
RetainedEarnings-958.78M-800.34M-640.53M-553.77M
AdditionalPaidInCapital1.36B1.36B1.36B1.24B
CapitalStock590.00K590.00K589.00K464.00K
CommonStock562.00K562.00K561.00K436.00K
PreferredStock28.00K28.00K28.00K28.00K
TotalLiabilitiesNetMinorityInterest271.97M410.70M1.12B1.57B
TotalNonCurrentLiabilitiesNetMinorityInterest240.00M360.00M1.03B1.46B
LongTermDebtAndCapitalLeaseObligation240.00M360.00M1.03B1.46B
LongTermCapitalLeaseObligation0.0020.63M
LongTermDebt240.00M360.00M1.03B1.44B
CurrentLiabilities31.97M50.70M89.37M109.38M
PayablesAndAccruedExpenses31.97M50.70M89.37M109.38M
TotalAssets677.77M973.86M1.84B2.41B
TotalNonCurrentAssets572.17M772.59M1.20B2.27B
OtherNonCurrentAssets22.79M28.92M50.86M61.78M
InvestmentsAndAdvances189.70M196.44M382.60M498.56M
LongTermEquityInvestment189.70M196.44M382.60M498.56M
InvestmentsinJointVenturesatCost498.56M
InvestmentProperties358.63M546.34M764.42M1.70B
GoodwillAndOtherIntangibleAssets1.05M886.00K1.79M14.82M
OtherIntangibleAssets1.05M886.00K1.79M14.82M
CurrentAssets105.60M201.28M642.05M142.86M
AssetsHeldForSaleCurrent0.0039.33M455.62M0.00
RestrictedCash12.50M15.70M11.46M7.15M
PrepaidAssets61.78M
Receivables7.89M12.25M41.49M29.11M
AccountsReceivable7.89M12.25M41.49M29.11M
CashCashEquivalentsAndShortTermInvestments85.21M134.00M133.48M106.60M
CashAndCashEquivalents85.21M134.00M133.48M106.60M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-53.55M-53.06M-117.92M-136.00M
RepurchaseOfCapitalStock-586.00K-315.00K0.00-269.00K
RepaymentOfDebt-120.00M-670.00M-432.07M-160.00M
IssuanceOfDebt0.000.00
InterestPaidSupplementalData25.36M46.05M98.95M115.36M
IncomeTaxPaidSupplementalData1.57M38.00K466.00K197.00K
EndCashPosition97.71M149.70M144.94M113.75M
BeginningCashPosition149.70M144.94M113.75M150.25M
ChangesInCash-51.99M4.76M31.19M-36.50M
FinancingCashFlow-125.31M-675.09M-436.97M-161.21M
CashFlowFromContinuingFinancingActivities-125.31M-675.09M-436.97M-161.21M
NetOtherFinancingCharges173.00K126.00K3.96M
CashDividendsPaid-4.90M-4.90M-4.90M-4.90M
PreferredStockDividendPaid-4.90M-4.90M-4.90M-4.90M
CommonStockDividendPaid0.00
NetCommonStockIssuance-586.00K-315.00K0.00-269.00K
CommonStockPayments-586.00K-315.00K0.00-269.00K
NetIssuancePaymentsOfDebt-120.00M-670.00M-432.07M-160.00M
NetLongTermDebtIssuance-120.00M-670.00M-432.07M-160.00M
LongTermDebtPayments-120.00M-670.00M-432.07M-160.00M
LongTermDebtIssuance0.000.00
InvestingCashFlow126.87M732.91M586.08M260.71M
CashFlowFromContinuingInvestingActivities126.87M732.91M586.08M260.71M
DividendsReceivedCFI7.95M152.55M67.60M12.58M
NetInvestmentPropertiesPurchaseAndSale128.17M593.73M544.00M286.77M
SaleOfInvestmentProperties155.69M673.47M643.29M392.42M
PurchaseOfInvestmentProperties-27.51M-79.75M-99.29M-105.66M
NetBusinessPurchaseAndSale-9.26M-13.37M-25.52M-38.64M
SaleOfBusiness55.67M0.00
PurchaseOfBusiness-9.26M-13.37M-25.52M-38.64M
OperatingCashFlow-53.55M-53.06M-117.92M-136.00M
CashFlowFromContinuingOperatingActivities-53.55M-53.06M-117.92M-136.00M
DividendReceivedCFO7.00M0.000.001.62M
ChangeInWorkingCapital-7.04M7.07M-29.24M-33.59M
ChangeInPayablesAndAccruedExpense-13.07M-11.42M-21.25M-35.77M
ChangeInPayable-11.42M-21.25M-35.77M
ChangeInAccountPayable-11.42M-21.25M-35.77M
ChangeInPrepaidAssets911.00K5.95M2.84M-3.59M
ChangeInReceivables5.11M12.54M-10.82M5.77M
OtherNonCashItems7.27M17.12M-402.00K-1.65M
StockBasedCompensation1.49M2.73M2.77M1.86M
AssetImpairmentCharge87.54M107.04M126.89M95.83M
DepreciationAmortizationDepletion13.31M14.65M41.34M51.38M
DepreciationAndAmortization13.31M14.65M41.34M51.38M
AmortizationCashFlow189.00K176.00K223.00K176.00K
AmortizationOfIntangibles189.00K176.00K223.00K176.00K
Depreciation13.12M14.47M41.11M51.20M
OperatingGainsLosses-9.57M-46.76M-139.18M-212.46M
EarningsLossesFromEquityInvestments1.11M49.45M72.76M9.23M
GainLossOnInvestmentSecurities-10.68M-96.21M-211.94M-221.68M
GainLossOnSaleOfBusiness0.00
NetIncomeFromContinuingOperations-153.54M-154.91M-120.10M-38.98M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SRG
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