Seritage Growth Properties, Inc. | REIT Profile
Symbol: SRG
CIK: 1628063
Exchange: NYSE
Preferred Stock: SRG-A
Founded: 2015 (9 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Retail
Internally Managed REIT
See SRG on Yahoo Finance
See SRG on SEC.gov
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Seritage Growth Properties is principally engaged in the ownership, development, redevelopment, management and leasing of diversified and mixed-use properties throughout the United States. As of December 31, 2023, the Company’s portfolio consisted of interests in 32 properties comprised of approximately 4.1 million square feet of gross leasable area (“GLA”) or build-to-suit leased area and 460 acres. The portfolio consists of approximately 2.8 million square feet of GLA and 326 held by 23 wholly owned properties (such properties, the “Consolidated Properties”) and 1.2 million square feet of GLA and 134 acres held by nine unconsolidated entities (such properties, the “Unconsolidated Properties”). The Company was formed to unlock the underlying value of a high-quality retail real estate portfolio acquired from Sears Holdings in July 2015. The Company’s mission is to maximize value for shareholders by repositioning the Company’s portfolio through leasing, redevelopment, formation of strategic partnerships, and other bespoke solutions.
Stock Chart
REITMovers
REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Previous Close | Volume | Change $ | Change % |
|---|---|---|---|---|---|---|---|
| $3.93 | $4.08 | $3.93 | $3.95 | $4.02 | 340,675 | -$0.09 | -2.24% |
Last update: 2024-11-20 13:00:23 PST
REITRating™ Trend
REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.
Dividend of Trading Day 2024-11-20 [Dividends Currently Suspended]
Annualized Dividend:
Dividend Yield (TTM):
Annualized Dividend (TTM):
Ex-Dividend Date: 2019-03-28
Dividend Date: 2019-04-11
Dividend Frequency: Quarterly
REITBOT™ Alert
Dividends have been suspended for this REIT.
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest REIT Press Releases
- Seritage - Seritage Growth Properties Reports Third Quarter 2024 Operating Results - Tue, 12 Nov 2024 22:06:23 UTC
- Seritage - Seritage Growth Properties Makes $25 Million Loan Prepayment - Wed, 23 Oct 2024 20:30:37 UTC
- Seritage - Seritage Growth Properties Reports Second Quarter 2024 Operating Results - Wed, 14 Aug 2024 20:38:27 UTC
- Seritage - Seritage Growth Properties Reports First Quarter 2024 Operating Results - Fri, 10 May 2024 20:27:15 UTC
- Seritage - Seritage Growth Properties Makes $50 Million Loan Prepayment - Wed, 24 Apr 2024 21:01:11 UTC
Key Stats of Trading Day 2024-11-20
EBITDA: $-8,252,000
P/E Ratio: N/A
PEG Ratio: N/A
Book Value: 7.42
Dividend Per Share: N/A
EPS: -2.55
Revenue Per Share TTM: $1.00
ProfitMargin: -245.40%
Operating Margin TTM: -593.00%
Return on Equity TTM: -28.30%
Revenue TTM: $56,427,000
Gross Profit TTM: $37,755,000
Diluted EPS TTM: $-2.55
Quarterly Earnings Growth YOY: -97.60%
Quarterly Revenue Growth YOY: -46.20%
Trailing P/E: N/A
Forward P/E: 43.67
Beta: 2.58
Price to Book Ratio: 0.53
EV to Revenue: 18.55
EV to EBITDA: 74.55x
Shares Outstanding: 56,268,000
52 Week High: $9.87
52 Week Low: $3.63
50 Day Moving Average: $4.40
200 Day Moving Average: $6.33
Properties Owned by SRG
Sample of REIT’s Properties. Image Source - REIT’s website
Occupancy Rate
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $42.65 per share you would have been able to buy 23 shares of SRG on 2023-11-20 costing $980.95 | @ $42.65 per share you would have been able to buy 11 shares of SRG on 2023-11-20 costing $469.15 | @ $42.65 per share you would have been able to buy 5 shares of SRG on 2023-11-20 costing $213.25 | @ $42.65 per share you would have been able to buy 2 shares of SRG on 2023-11-20 costing $85.30 | @ $42.65 per share you would have been able to buy 1 shares of SRG on 2023-11-20 costing $42.65 |
| Current worth | On 2024-07-05 these 23 shares would be worth $109.25 @ $4.75 | On 2024-07-05 these 11 shares would be worth $52.25 @ $4.75 | On 2024-07-05 these 5 shares would be worth $23.75 @ $4.75 | On 2024-07-05 these 2 shares would be worth $9.50 @ $4.75 | On 2024-07-05 these 1 shares would be worth $4.75 @ $4.75 |
| Dividends earned | $0.00 in dividends would have been earned since 2023-11-20 with 23 shares. | $0 in dividends would have been earned since 2023-11-20 with 11 shares. | $0.00 in dividends would have been earned since 2023-11-20 with 5 shares. | $0.00 in dividends would have been earned since 2023-11-20 with 2 shares. | $0.00 in dividends would have been earned since 2023-11-20 with 11 shares. |
| Net (gain / loss)* | -871.70 USD | -416.90 USD | -189.50 USD | -75.80 USD | -37.90 USD |
| ROI** | -88.86% | -88.86% | -88.86% | -88.86% | -88.86% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History [Dividends Currently Suspended]
Below are the most recent cash dividends paid by SRG. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| SRG | 2019-03-28 | 0.250 | --- | 2019-02-25 | 2019-03-29 | 2019-04-11 |
| SRG | 2018-12-28 | 0.250 | --- | 2018-10-23 | 2018-12-31 | 2019-01-10 |
| SRG | 2018-09-27 | 0.250 | --- | 2018-07-24 | 2018-09-28 | 2018-10-11 |
| SRG | 2018-06-28 | 0.250 | --- | 2018-04-25 | 2018-06-29 | 2018-07-12 |
| SRG | 2018-03-29 | 0.250 | --- | 2018-02-20 | 2018-03-30 | 2018-04-12 |
| SRG | 2017-12-28 | 0.250 | --- | 2017-10-24 | 2017-12-29 | 2018-01-11 |
| SRG | 2017-09-28 | 0.250 | --- | 2017-07-26 | 2017-09-29 | 2017-10-12 |
| SRG | 2017-06-28 | 0.250 | --- | 2017-04-25 | 2017-06-30 | 2017-07-13 |
| SRG | 2017-03-29 | 0.250 | --- | 2017-02-28 | 2017-03-31 | 2017-04-13 |
| SRG | 2016-12-29 | 0.250 | --- | 2016-11-01 | 2016-12-31 | 2017-01-12 |
| SRG | 2016-09-28 | 0.250 | --- | 2016-08-02 | 2016-09-30 | 2016-10-13 |
| SRG | 2016-06-28 | 0.250 | --- | 2016-05-04 | 2016-06-30 | 2016-07-14 |
| SRG | 2016-03-29 | 0.250 | -50.00% | 2016-03-08 | 2016-03-31 | 2016-04-14 |
| SRG | 2015-12-29 | 0.500 | --- | 2015-12-17 | 2015-12-31 | 2016-01-14 |
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
Related Information
| Material | Source | Description |
|---|---|---|
| Seritage Growth Taps CFO With Real Estate, Banking Background | The Wall Street Journal Online | Seritage Growth Properties said Friday that it has hired Agree Realty Corp. executive Brian Dickman as its finance chief, rounding out the management team for the real-estate investment trust recently spun off from Sears Holdings Corp. |
| Warren Buffett Takes 8% Stake in Sears Spinoff Seritage | The Wall Street Journal Online | Billionaire investor takes passive stake valued at about $70.5 million in real-estate company |
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 0 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 7.9 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| Rating | Leverage Section | Avg. Rating |
| 0 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 7.8 |
| 10 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 7.3 |
| 7 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 4.8 |
| 10 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 6.8 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 0 | G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. | 7.5 |
| 0 | G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. | 8.3 |
| 0 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 7.3 |
| 0 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 6.3 |
| Rating | Properties Section | Avg. Rating |
| 5 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 7.8 |
| 3 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 7.8 |
| Rating | Market Cap Section | Avg. Rating |
| 3 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 5.6 |
| 3.5 | Overall REITRating™ Score (See trend) | 6.4 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
Related REITs
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| New York Mortgage Trust, Inc. (NYMT) | 6.4 | NASDAQ | Small-Cap | Mortgage | United States |
| Realty Income Corp (O) | 8.3 | NYSE | Large-Cap | Retail Industrial Office Specialty | United States |
Last updated: 2024-11-20 - v5.8