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Complete financial analysis of Seritage Growth Properties (SRG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Seritage Growth Properties, a leading company in the REIT – Retail industry within the Real Estate sector.
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Seritage Growth Properties (SRG)
About Seritage Growth Properties
Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties totaling approximately 30.4 million square feet of space across 44 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015. The Company's mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experiences for consumers and local communities, and create long-term value for our shareholders.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20.58M | 107.06M | 116.68M | 116.50M | 168.63M | 214.75M | 241.02M | 248.67M | 113.18M | 273.10M |
| Cost of Revenue | 27.41M | 65.72M | 80.26M | 77.93M | 80.72M | 71.15M | 65.35M | 65.19M | 94.20M | 96.05M |
| Gross Profit | -6.83M | 41.34M | 36.42M | 38.56M | 87.92M | 143.60M | 175.66M | 183.48M | 18.98M | 177.05M |
| Gross Profit Ratio | -33.19% | 38.61% | 31.21% | 33.10% | 52.13% | 66.87% | 72.88% | 73.78% | 16.77% | 64.83% |
| Research & Development | 0.00 | -1.12 | -0.33 | -1.31 | -0.54 | -0.53 | -0.50 | -0.36 | 0.00 | 0.00 |
| General & Administrative | 44.89M | 47.63M | 41.95M | 28.85M | 39.16M | 34.79M | 27.90M | 17.47M | 18.71M | 3.85M |
| Selling & Marketing | 1.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.20M | 0.00 |
| SG&A | 45.99M | 47.63M | 41.95M | 28.85M | 39.16M | 34.79M | 27.90M | 17.47M | 19.91M | 3.85M |
| Other Expenses | 0.00 | 41.11M | 51.20M | 96.00M | 104.58M | 226.93M | 262.33M | 177.39M | -9.96M | 0.00 |
| Operating Expenses | 45.99M | 88.75M | 93.15M | 124.85M | 143.74M | 261.72M | 290.23M | 194.86M | 9.96M | 118.14M |
| Cost & Expenses | 73.40M | 154.47M | 173.41M | 202.78M | 224.46M | 332.87M | 355.58M | 260.05M | 134.62M | 214.19M |
| Interest Income | 0.00 | 37.75M | 9.29M | 3.39M | 6.82M | 7.89M | 877.00K | 266.00K | 0.00 | 66.85M |
| Interest Expense | 0.00 | 86.73M | 107.98M | 91.32M | 94.52M | 90.02M | 70.11M | 63.59M | 60.65M | 0.00 |
| Depreciation & Amortization | 14.47M | 154.27M | 173.21M | 202.58M | 224.26M | 332.69M | 356.09M | 261.30M | 65.52M | 114.29M |
| EBITDA | -52.62M | -6.30M | -5.47M | 34.60M | 108.69M | 106.00M | 211.74M | 170.66M | 44.08M | 173.20M |
| EBITDA Ratio | -255.69% | -37.95% | -4.69% | 8.72% | 22.29% | 49.36% | 83.39% | 68.63% | 65.86% | 63.42% |
| Operating Income | -54.98M | -81.74M | -56.67M | -85.84M | -66.99M | -118.12M | -114.57M | -30.45M | 9.02M | 58.90M |
| Operating Income Ratio | -267.15% | -76.35% | -48.57% | -73.69% | -39.73% | -55.00% | -47.53% | -12.24% | 7.97% | 21.57% |
| Total Other Income/Expenses | -99.90M | -79.15M | 87.13M | -66.87M | -68.06M | 3.56M | -5.98M | -60.06M | -46.88M | -66.85M |
| Income Before Tax | -154.87M | -119.63M | -38.79M | -152.71M | -90.41M | -114.56M | -120.54M | -90.50M | -37.86M | -7.95M |
| Income Before Tax Ratio | -752.58% | -111.75% | -33.24% | -131.09% | -53.61% | -53.34% | -50.01% | -36.39% | -33.45% | -2.91% |
| Income Tax Expense | 38.00K | 466.00K | 196.00K | 252.00K | 196.00K | 321.00K | 271.00K | 505.00K | 944.00K | -3.58M |
| Net Income | -154.91M | -120.10M | -38.99M | -152.96M | -90.60M | -73.47M | -73.75M | -51.56M | -22.34M | -4.37M |
| Net Income Ratio | -752.76% | -112.18% | -33.41% | -131.31% | -53.73% | -34.21% | -30.60% | -20.73% | -19.74% | -1.60% |
| EPS | -2.84 | -2.42 | -0.92 | -3.99 | -2.49 | -2.07 | -2.18 | -1.64 | -0.71 | -0.14 |
| EPS Diluted | -2.85 | -2.42 | -0.92 | -3.99 | -2.49 | -2.07 | -2.18 | -1.64 | -0.71 | -0.14 |
| Weighted Avg Shares Out | 56.19M | 49.73M | 42.39M | 38.30M | 36.41M | 35.56M | 33.79M | 31.42M | 31.39M | 30.62M |
| Weighted Avg Shares Out (Dil) | 56.15M | 49.73M | 42.39M | 38.30M | 36.41M | 35.56M | 33.80M | 31.42M | 31.39M | 30.62M |
Seritage Growth Properties Makes $15 Million Loan Prepayment
NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today announced that on November 27, 2024, the Company has made a voluntary prepayment of $15 million toward its $1.6...
Seritage Growth Properties Reports Third Quarter 2024 Operating Results
NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three and nine months ended September 30, 2024. "We have made tremendous...
Seritage Growth Properties Makes $25 Million Loan Prepayment
NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today announced that on October 23, 2024, the Company has made a voluntary prepayment of $25 million toward its $1.6...
SERITAGE ALERT: Bragar Eagel & Squire, P.C. is Investigating Seritage Growth Properties on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Seritage Growth Properties (NYSE: SRG) on behalf of long-term stockholders following a class action complaint...
SRG LAWSUIT ALERT: Levi & Korsinsky Notifies Seritage Growth Properties Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK , Sept. 3, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Seritage Growth Properties ("Seritage" or the "Company") (NYSE: SRG) of a class action securities lawsuit.
SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Seritage Growth Properties - SRG
NEW YORK, NY / ACCESSWIRE / September 1, 2024 / Pomerantz LLP announces that a class action lawsuit has been filed against Seritage Growth Properties ("Seritage" or the "Company") (NYSE:SRG). Such investors are advised to contact Danielle Peyton at [email protected]...
SRG LAWSUIT ALERT: Levi & Korsinsky Notifies Seritage Growth Properties Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK, NY / ACCESSWIRE / August 30, 2024 / If you suffered a loss on your Seritage Growth Properties (NYSE:SRG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for...
SRG SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Seritage Growth Properties Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
NEW YORK , Aug. 30, 2024 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Seritage Growth Properties ("Seritage" or "the Company") (NYSE:...
Contact Levi & Korsinsky by August 30, 2024 Deadline to Join Class Action Against Seritage Growth Properties (SRG)
NEW YORK, NY / ACCESSWIRE / August 30, 2024 / If you suffered a loss on your Seritage Growth Properties (NYSE:SRG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for...
SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Seritage Growth Properties - SRG
NEW YORK, NY / ACCESSWIRE / August 30, 2024 / Pomerantz LLP announces that a class action lawsuit has been filed against Seritage Growth Properties ("Seritage" or the "Company") (NYSE:SRG). Such investors are advised to contact Danielle Peyton at [email protected]...
Source: https://incomestatements.info
Category: Stock Reports