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Seritage Growth Properties NYSE:SRG Stock Report

Last Price

US$9.15

Market Cap

US$511.3m

7D

4.0%

1Y

19.9%

Updated

25 Mar, 2024

Data

Company Financials

Seritage Growth Properties

NYSE:SRG Stock Report

Market Cap: US$511.3m

SRG Stock Overview

Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of retail and mixed-use properties throughout the United States.

SRG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Seritage Growth Properties Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Seritage Growth Properties
Historical stock prices
Current Share PriceUS$9.15
52 Week HighUS$9.92
52 Week LowUS$7.07
Beta2.65
1 Month Change-3.58%
3 Month Change-3.07%
1 Year Change19.92%
3 Year Change-48.45%
5 Year Change-79.75%
Change since IPO-75.34%

Recent News & Updates

Seritage Preferreds Offer Tempting Potential 12.86% Yield To Maturity

Jan 19

Recent updates

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?

Have Insiders Been Selling Seritage Growth Properties (NYSE:SRG) Shares?

Jan 19
Have Insiders Been Selling Seritage Growth Properties (NYSE:SRG) Shares?

Seritage Growth Properties' Management Is Leaving: Maybe You Should, Too

Jan 04

Seritage: World Of Hurt

Dec 30

Seritage CEO will leave company in January for another opportunity

Dec 10

What We Learned About Seritage Growth Properties' (NYSE:SRG) CEO Pay

Nov 27
What We Learned About Seritage Growth Properties' (NYSE:SRG) CEO Pay

Seritage appoints internal candidate as new CFO

Nov 10

Shareholder Returns

SRGUS Real EstateUS Market
7D4.0%1.6%1.3%
1Y19.9%20.3%29.8%

Return vs Industry: SRG matched the US Real Estate industry which returned 19.8% over the past year.

Return vs Market: SRG underperformed the US Market which returned 30.4% over the past year.

Price Volatility

Is SRG's price volatile compared to industry and market?
SRG volatility
SRG Average Weekly Movement2.7%
Real Estate Industry Average Movement6.0%
Market Average Movement6.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: SRG has not had significant price volatility in the past 3 months.

Volatility Over Time: SRG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201432Andrea Olshanhttps://www.seritage.com

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 Fundamentals Summary

How do Seritage Growth Properties's earnings and revenue compare to its market cap?
SRG fundamental statistics
Market capUS$511.29m
Earnings (TTM)-US$71.04m
Revenue (TTM)US$28.07m

18.3x

P/S Ratio

-7.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SRG income statement (TTM)
RevenueUS$28.07m
Cost of RevenueUS$35.98m
Gross Profit-US$7.91m
Other ExpensesUS$63.13m
Earnings-US$71.04m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-1.26
Gross Margin-28.19%
Net Profit Margin-253.09%
Debt/Equity Ratio71.4%

How did SRG perform over the long term?

See historical performance and comparison
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