Seritage Growth Properties

NYSE:SRG Stock Report

Market Cap: US$231.8m

Seritage Growth Properties Management

Management criteria checks 2/4

Seritage Growth Properties' CEO is Andrea Olshan, appointed in Mar 2021, has a tenure of 3.83 years. total yearly compensation is $2.40M, comprised of 41.6% salary and 58.4% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth $659.31K. The average tenure of the management team and the board of directors is 3.8 years and 2.8 years respectively.

Key information

Andrea Olshan

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage41.6%
CEO tenure3.8yrs
CEO ownership0.3%
Management average tenure3.8yrs
Board average tenure2.8yrs

Recent management updates

Recent updates

Seritage Growth: Buy A Dollar For 80 Cents

Aug 27

Is Seritage Growth Properties (NYSE:SRG) Using Debt Sensibly?

Jul 12
Is Seritage Growth Properties (NYSE:SRG) Using Debt Sensibly?

Seritage: Only Berkshire Hathaway Made Money On This

May 15

Seritage Preferreds Offer Tempting Potential 12.86% Yield To Maturity

Jan 19

Seritage: Intriguing Assets And Fascinating CEO

Nov 11

Seritage: Nearing The Finish Line

Aug 20

Is Seritage Growth Properties (NYSE:SRG) Weighed On By Its Debt Load?

Jun 07
Is Seritage Growth Properties (NYSE:SRG) Weighed On By Its Debt Load?

Seritage Growth Properties reduces outstanding debt to $800M

Feb 10

Seritage Growth Properties: Buy $20 For Less Than $12

Nov 14

O'Keefe Stevens - Seritage Growth Properties: A Good Idea On Paper

Nov 05

Seritage Growth Properties prepays $70M loan

Oct 03

Seritage: Bears Beat Back Bold Bulls

Sep 22

Seritage Growth Properties prepays $100M toward $1.6B term loan facility

Aug 08

Seritage Growth Properties surges on filing prelim proxy materials for Plan of Sale

Jul 08

Health Check: How Prudently Does Seritage Growth Properties (NYSE:SRG) Use Debt?

Jun 13
Health Check: How Prudently Does Seritage Growth Properties (NYSE:SRG) Use Debt?

Seritage: Berkshire Is Not Taking A Haircut Here

Jun 13

Seritage: Special Situation Opportunity Happening Now With 'Near Term' Shareholder Value Creation To Follow

Apr 22

Seritage: Well Priced For 0% Returns

Jan 21

Seritage Growth Properties: Significant Monetization Activities, A Path To Positive Cash From Operations, And A Massively Undervalued Asset Base - Shares Could Double

Nov 18

Seritage: SNO Rents Drop 67% From 2019

Nov 03

Seritage: NOI Now Down 84% From IPO

Aug 10

Seritage Growth Properties: A Glimpse Of Its Value

Jun 28

Seritage Growth Properties (SRG) Presents At REITweek 2021 Investor Virtual Conference - Slideshow

Jun 15

Avoid Seritage Growth Properties Despite Discount To NAV

May 07

What Type Of Returns Would Seritage Growth Properties'(NYSE:SRG) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?

Mar 15
What Type Of Returns Would Seritage Growth Properties'(NYSE:SRG) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?

CEO Compensation Analysis

How has Andrea Olshan's remuneration changed compared to Seritage Growth Properties's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$143m

Jun 30 2024n/an/a

-US$122m

Mar 31 2024n/an/a

-US$117m

Dec 31 2023US$2mUS$1m

-US$160m

Sep 30 2023n/an/a

-US$71m

Jun 30 2023n/an/a

-US$74m

Mar 31 2023n/an/a

-US$89m

Dec 31 2022US$4mUS$1m

-US$79m

Sep 30 2022n/an/a

-US$98m

Jun 30 2022n/an/a

-US$115m

Mar 31 2022n/an/a

-US$78m

Dec 31 2021US$6mUS$785k

-US$33m

Compensation vs Market: Andrea's total compensation ($USD2.40M) is above average for companies of similar size in the US market ($USD1.38M).

Compensation vs Earnings: Andrea's compensation has been consistent with company performance over the past year.

CEO

Andrea Olshan (44 yo)

3.8yrs

Tenure

US$2,404,615

Compensation

Ms. Andrea L. Olshan has been Chief Executive Officer, President and Director of Seritage Growth Properties since March 16, 2021. Ms. Olshan was the Chief Executive Officer of Olshan Properties and respons...

Leadership Team

NamePositionTenureCompensationOwnership
Andrea Olshan
CEO, President & Director3.8yrsUS$2.40m0.28%
$ 659.3k
John Garilli
Interim Chief Financial Officer3yrsno datano data
Eric Dinenberg
Chief Operating Officer3.1yrsUS$1.46m0.066%
$ 153.7k
Matthew Fernand
Chief Legal Officer & Corporate Secretary3.8yrsUS$1.55m0.10%
$ 241.4k
Christopher Mrozinski
Senior Vice President of Developmentno datano datano data
Nino Cammalleri
Senior VP & Real Estate Counsel6.3yrsno datano data

3.8yrs

Average Tenure

45.5yo

Average Age

Experienced Management: SRG's management team is considered experienced (3.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Andrea Olshan
CEO, President & Director3.8yrsUS$2.40m0.28%
$ 659.3k
Adam Metz
Independent Chairman2.8yrsUS$175.00kno data
Talya Nevo-Hacohen
Independent Trustee2.8yrsUS$140.00kno data
Allison Thrush
Independent Trustee5.8yrsUS$125.00k0.0097%
$ 22.5k
John McClain
Independent Trustee9.5yrsUS$155.00k0.0046%
$ 10.7k
Mitchell Sabshon
Independent Trustee2.8yrsUS$140.00kno data
Mark Wilsmann
Independent Trustee2.8yrsUS$125.00kno data

2.8yrs

Average Tenure

63yo

Average Age

Experienced Board: SRG's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 02:36
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Seritage Growth Properties is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Floris Gerbrand van DijkumBoenning & Scattergood, Inc.
Wesley GolladayRBC Capital Markets