Seritage Growth Properties operates as a real estate investment trust. The company is headquartered in New York City, New York and currently employs 7 full-time employees. The company went IPO on 2015-06-06. The company is engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Its portfolio consisted of interests in over 32 properties comprised of approximately 4.1 million square feet of gross leasable area (GLA) or build-to-suit leased area and 460 acres of land. The portfolio consists of approximately 2.8 million square feet of GLA and 326 acres held by 23 wholly owned properties (the Consolidated Properties) and 1.2 million square feet of GLA and 134 acres held by nine unconsolidated entities. Its subsidiaries include Seritage SRC Finance LLC, Seritage KMT Finance LLC and Seritage SRC Mezzanine Finance LLC. Its assets are held by, and its operations are primarily conducted, directly or indirectly, through Seritage Growth Properties, L.P. (the Operating Partnership).
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenue
18
17
20
107
116
116
Revenue Growth (YoY)
-18%
-15%
-81%
-8%
0%
-31%
Cost of Revenue
16
20
27
65
80
77
Gross Profit
1
-2
-6
41
36
38
Selling, General & Admin
33
30
45
47
41
28
Research & Development
--
--
--
--
--
--
Operating Expenses
41
48
60
88
93
124
Other Non Operating Income (Expenses)
--
--
--
--
--
--
Pretax Income
-74
-151
-154
-119
-38
-152
Income Tax Expense
0
1
0
0
0
0
Net Income
-79
-158
-159
-78
-33
-109
Net Income Growth
-45%
-1%
104%
136%
-70%
70%
Shares Outstanding (Diluted)
56.32
56.25
56.15
49.7
42.4
38.3
Shares Change (YoY)
0%
0%
13%
17%
11%
5%
EPS (Diluted)
-1.4
-2.81
-2.84
-1.59
-0.78
-2.87
EPS Growth
-45%
-1%
79%
104%
-73%
62%
Free Cash Flow
-47
-53
-53
-117
-136
-47
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
5.55%
-11.76%
-30%
38.31%
31.03%
32.75%
Operating Margin
-216.66%
-300%
-335%
-43.92%
-48.27%
-74.13%
Profit Margin
-438.88%
-929.41%
-795%
-72.89%
-28.44%
-93.96%
Free Cash Flow Margin
-261.11%
-311.76%
-265%
-109.34%
-117.24%
-40.51%
EBITDA
-31
-38
-53
-6
-5
10
EBITDA Margin
-172.22%
-223.52%
-265%
-5.6%
-4.31%
8.62%
D&A For EBITDA
8
13
14
41
51
96
EBIT
-39
-51
-67
-47
-56
-86
EBIT Margin
-216.66%
-300%
-335%
-43.92%
-48.27%
-74.13%
Effective Tax Rate
0%
-0.66%
0%
0%
0%
0%
Follow-Up Questions
What are Seritage Growth Properties's key financial statements?
According to the latest financial statement (Form-10K), Seritage Growth Properties has a total asset of $677, Net loss of $-158
What are the key financial ratios for SRG?
Seritage Growth Properties's Current ratio is 2.47, has a Net margin is -929.41, sales per share of $0.3.
How is Seritage Growth Properties's revenue broken down by segment or geography?
Seritage Growth Properties largest revenue segment is Rental, at a revenue of 15,060,000 in the most earnings release.For geography, United States is the primary market for Seritage Growth Properties, at a revenue of 20,779,000.
Is Seritage Growth Properties profitable?
no, according to the latest financial statements, Seritage Growth Properties has a net loss of $-158
Does Seritage Growth Properties have any liabilities?
yes, Seritage Growth Properties has liability of 273
How many outstanding shares for Seritage Growth Properties?
Seritage Growth Properties has a total outstanding shares of 56.27