CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · SRG

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$18.20M$17.62M$20.78M$107.06M$116.68M$116.50M
Cost of Revenue------
Gross Profit------
R&D------
SG&A$31.95M$30.02M$45.99M$47.63M$41.95M$28.85M
Total Operating Expenses$54.67M$69.14M$87.87M$190.00M$173.41M$202.78M
D&A$6.28M$13.12M$14.47M$41.11M$51.20M$96.00M
Operating Income($68.22M)($151.95M)($154.87M)($119.63M)($38.79M)($152.71M)
Interest Expense$20.27M$24.97M$44.57M$86.73M$107.97M$91.32M
Income Tax$0$1.58M$38.0K$466.0K$196.0K$252.0K
Net Income($68.22M)($153.54M)($154.91M)($73.94M)($28.15M)($105.03M)
EPS - Basic($1.30)($2.82)($2.85)($1.59)($0.78)($2.87)
EPS - Diluted($1.30)($2.82)($2.85)($1.59)($0.78)($2.87)

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$48.09M$85.21M$134.00M$133.48M$106.60M$143.73M
Accounts Receivable------
Inventory------
Accounts Payable------
Current Assets------
Total Assets$393.78M$677.77M$973.86M$1.84B$2.41B$2.65B
Current Liabilities------
Long-term Debt------
Total Liabilities$60.98M$271.97M$410.70M$1.12B$1.57B$1.77B
Stockholders' Equity$331.42M$404.46M$561.99M$720.47M$687.74M$649.04M
Retained Earnings($1.03B)($958.78M)($800.34M)($640.53M)($553.77M)($528.64M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow($34.90M)($53.55M)($53.06M)($117.92M)($136.00M)($47.31M)
Investing Cash Flow$198.47M$126.87M$732.91M$586.08M$260.71M$42.87M
Financing Cash Flow($198.99M)($125.31M)($675.09M)($436.97M)($161.21M)$15.44M
CapEx------
Free Cash Flow------

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin-374.7%-862.3%-745.3%-111.7%-33.2%-131.1%
EBITDA margin-340.2%-787.8%-675.7%-73.3%10.6%-48.7%
Net margin-374.7%-871.3%-745.5%-69.1%-24.1%-90.2%
Free cash flow margin------
FCF / Net income------
R&D / Revenue------
SG&A / Revenue175.5%170.4%221.3%44.5%36.0%24.8%
Effective tax rate------
Return on assets-17.3%-22.7%-15.9%-4.0%-1.2%-4.0%
Return on equity-20.6%-38.0%-27.6%-10.3%-4.1%-16.2%
Return on invested capital------
Liquidity
Current ratio------
Quick ratio------
Cash ratio------
Leverage
Debt / Equity------
Debt / Assets------
Debt / EBITDA------
Interest coverage-3.4x-6.1x-3.5x-1.4x-0.4x-1.7x
Equity multiplier1.191.681.732.563.514.08
Liabilities / Assets0.150.400.420.610.650.67
Efficiency
Asset turnover0.050.030.020.060.050.04
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E------
P / B0.6x0.6x0.9x0.8x0.8x0.9x
P / S10.1x13.2x25.3x5.5x4.8x4.8x
EV / EBITDA----36.7x-
Growth
Revenue growth (YoY)3.3%-15.2%-80.6%-8.3%0.2%-30.9%
Revenue CAGR (3y)-44.6%-46.7%-43.7%-14.1%-18.4%-21.5%
Revenue CAGR (5y)-31.0%-36.3%-37.3%-15.0%-14.0%-
Gross profit growth (YoY)------
Operating income growth (YoY)55.1%1.9%-29.5%-208.4%74.6%-68.9%
Net income growth (YoY)55.6%0.9%-109.5%-162.7%73.2%-76.8%
EPS growth (YoY)53.9%1.1%-79.2%-103.8%72.8%-62.1%
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)------
FCF CAGR (5y)------
Book value growth (YoY)-18.1%-28.0%-22.0%4.8%6.0%-11.3%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

4/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • -Current ratio improved
  • No share dilution
  • -Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Real Estate

CompanyRevenue (last FY)Net marginROE
CBRE$40.55B2.9%13.0%
FOR$1.66B10.1%9.5%
TRC$49.59M0.2%0.0%
HPP$831.11M-71.3%-19.9%
CWK$10.29B0.9%4.5%

Comparing Seritage Growth Properties against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-datePer 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