SRG · Seritage Growth Properties - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.05M | - | $4.79M | $4.65M | $4.60M | - | $3.25M | $4.22M | $5.77M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $5.29M | - | $4.92M | $6.17M | $15.69M | - | $7.18M | $6.87M | $9.19M | - |
| Total Operating Expenses | $7.49M | - | $10.85M | $12.14M | $21.63M | - | $22.52M | $13.48M | $19.53M | - |
| D&A | $400.0K | - | $1.70M | $2.04M | $2.08M | - | $4.38M | $1.21M | $5.27M | - |
| Operating Income | ($30.32M) | - | ($12.35M) | ($28.39M) | ($22.39M) | - | ($21.89M) | ($99.75M) | ($18.97M) | - |
| Interest Expense | $2.90M | - | $5.29M | $5.14M | $5.23M | - | $6.05M | $6.28M | $7.01M | - |
| Income Tax | $0 | - | $75.0K | $115.0K | ($190.0K) | - | $87.0K | $1.47M | $11.0K | - |
| Net Income | ($31.54M) | - | ($13.65M) | ($29.73M) | ($23.43M) | - | ($23.20M) | ($102.45M) | ($20.21M) | - |
| EPS - Basic | ($0.56) | - | ($0.24) | ($0.53) | ($0.42) | - | ($0.41) | ($1.82) | ($0.36) | - |
| EPS - Diluted | ($0.56) | - | ($0.24) | ($0.53) | ($0.42) | - | ($0.41) | ($1.82) | ($0.36) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $44.50M | $48.09M | $51.54M | $71.80M | $94.27M | $85.21M | $85.60M | $86.71M | $114.88M | $134.00M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $361.17M | $393.78M | $558.61M | $575.71M | $649.70M | $677.77M | $735.02M | $758.32M | $914.57M | $973.86M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $59.85M | $60.98M | $219.52M | $222.97M | $267.25M | $271.97M | $316.23M | $316.64M | $370.97M | $410.70M |
| Stockholders' Equity | $299.87M | $331.42M | $337.73M | $351.37M | $381.10M | $404.46M | $417.54M | $440.45M | $542.42M | $561.99M |
| Retained Earnings | ($1.06B) | ($1.03B) | ($1.03B) | ($1.01B) | ($982.21M) | ($958.78M) | ($946.20M) | ($923.00M) | ($820.55M) | ($800.34M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.72M) | - | - | - | ($9.19M) | - | - | - | ($16.62M) | - |
| Investing Cash Flow | $3.42M | - | - | - | $19.84M | - | - | - | $28.91M | - |
| Financing Cash Flow | ($1.17M) | - | - | - | ($1.23M) | - | - | - | ($31.23M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -1478.9% | - | -258.0% | -610.2% | -486.9% | - | -673.2% | -2366.1% | -328.7% | - |
| EBITDA margin | -1459.4% | - | -222.5% | -566.3% | -441.8% | - | -538.6% | -2337.3% | -237.4% | - |
| Net margin | -1538.7% | - | -285.2% | -639.0% | -509.4% | - | -713.6% | -2430.1% | -350.1% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 258.1% | - | 102.9% | 132.6% | 341.2% | - | 220.8% | 163.0% | 159.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -8.7% | - | -2.4% | -5.2% | -3.6% | - | -3.2% | -13.5% | -2.2% | - |
| Return on equity | -10.5% | - | -4.0% | -8.5% | -6.1% | - | -5.6% | -23.3% | -3.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -10.4x | - | -2.3x | -5.5x | -4.3x | - | -3.6x | -15.9x | -2.7x | - |
| Equity multiplier | 1.20 | 1.19 | 1.65 | 1.64 | 1.70 | 1.68 | 1.76 | 1.72 | 1.69 | 1.73 |
| Liabilities / Assets | 0.17 | 0.15 | 0.39 | 0.39 | 0.41 | 0.40 | 0.43 | 0.42 | 0.41 | 0.42 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.01 | 0.01 | 0.01 | - | 0.00 | 0.01 | 0.01 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.5x | - | 0.7x | 0.5x | 0.5x | - | 0.6x | 0.6x | 1.0x | - |
| P / S | 77.2x | - | 50.0x | 37.3x | 39.5x | - | 80.5x | 62.3x | 94.0x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -55.4% | - | 47.2% | 10.4% | -20.3% | - | - | -16.5% | 749.0% | - |
| Revenue CAGR (3y) | 44.5% | - | -41.2% | -46.1% | -47.0% | - | -51.8% | -46.7% | -43.1% | - |
| Revenue CAGR (5y) | -42.0% | - | -32.3% | -26.6% | -32.7% | - | -41.5% | -36.4% | -33.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -35.4% | - | 43.6% | 71.5% | -18.0% | - | - | -12169.7% | 69.4% | - |
| Net income growth (YoY) | -34.6% | - | 41.2% | 71.0% | -15.9% | - | - | -11258.3% | 67.4% | - |
| EPS growth (YoY) | -33.3% | - | 41.5% | 70.9% | -16.7% | - | - | -4450.0% | 68.1% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -21.3% | -18.1% | -19.1% | -20.2% | -29.7% | -28.0% | - | -21.2% | -17.4% | -22.0% |
Peer comparison
Same SIC group: Real Estate
Comparing Seritage Growth Properties against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Mar 28, 2019 | $0.2500 |
| Dec 28, 2018 | $0.2500 |
| Sep 27, 2018 | $0.2500 |
| Jun 28, 2018 | $0.2500 |
| Mar 28, 2018 | $0.2500 |
| Dec 28, 2017 | $0.2500 |
| Sep 28, 2017 | $0.2500 |
| Jun 28, 2017 | $0.2500 |
| Mar 29, 2017 | $0.2500 |
| Dec 28, 2016 | $0.2500 |
| Sep 28, 2016 | $0.2500 |
| Jun 28, 2016 | $0.2500 |
| Mar 29, 2016 | $0.2500 |