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6Material company update
May 15, 2026·SEC
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Mar 31, 2026·SEC
Seritage Growth Properties(SRG)Earnings, Financials & Key Ratios
SRG•NYSE•REIT / Real Estate
$2.66
Price updated Jul 7, 2026
AboutSeritage 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.Show more
- Revenue$18M+3.3%
- FFO-$62M+55.9%
- FFO/Share-1.10+56.0%
- FFO Payout0%+100.0%
- FFO per Share-1.10+56.0%
- NOI Margin9.7%+164.4%
- FFO Margin-339.38%+57.4%
- ROE-18.47%+41.7%
- ROA-12.73%+31.5%
SRG Price & Volume
Seritage Growth Properties (SRG) stock price & volume — 10-year historical chart
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Aggressive Asset Liquidation Drives Portfolio Value Erosion
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidation timeline execution risk
Key Thesis Takeaways
- Seritage Growth Properties is currently executing a terminal liquidation strategy, characterized by a rapid 56.5% year-over-year revenue decline as of 2026Q1.
- The company's fundamental value is now tied exclusively to the successful disposition of its remaining real estate assets rather than operational performance, as evidenced by persistent negative FFO of -$31.1 million.
- Investors should monitor the narrowing liquidity window, as cash reserves have depleted to $44.5 million while the company continues to navigate the final stages of its wind-down process.
Verdict Logic
the company's persistent inability to generate positive AFFO over the last ten quarters and the ongoing erosion of equity from $562.0 million to $299.9 million suggest significant risk to remaining shareholder value.
SRG Growth Metrics
Seritage Growth Properties (SRG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-16.7%
5 Years-31.01%
3 Years-44.6%
TTM-4.84%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM50.52%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM49.48%
Return on Capital
10 Years-3.78%
5 Years-4.52%
3 Years-5.97%
Last Year-7.11%
SRG Recent Earnings
Seritage Growth Properties (SRG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 15, 2026Metric
Actual
Est
EPS
$0.56
—
Rev
$2M-94.3%
$35M
Q2 2026
Mar 31, 2026Metric
Actual
Est
EPS
$0.11
—
Rev
$4M-93.4%
$63M
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.24
—
Rev
$5M
—
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.22
—
Rev
$5M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 15, 2026 | $0.56 | $2Mvs $35M-94.3% |
| Q2 2026 | Mar 31, 2026 | $0.11 | $4Mvs $63M-93.4% |
| Q4 2025 | Nov 14, 2025 | $0.24 | $5M |
| Q4 2025 | Nov 10, 2025 | $0.22 | $5M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Seritage Growth Properties (SRG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.66 | $149.82M | -2.05 | 3.3% | -374.73% | -18.47% | 3.27% | |
| $53.53 | $1.66B | 12.33 | 12.18% | 29.62% | 50.39% | — | |
| $25.49 | $6.63B | -33.10 | 10.58% | -18.18% | -7.13% | — | |
| $39.91 | $4.58B | 39.91 | 10.55% | 20.76% | 17.53% | — | |
| $227.19 | $73.8B | 16.07 | 6.72% | 70.4% | 97.99% | — | |
| $31.35 | $9.62B | 25.08 | 6.73% | 31.99% | 14.85% | — |
Compare SRG vs Peers
Seritage Growth Properties (SRG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SRG SEC Filings & Documents
Seritage Growth Properties (SRG) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SRG Frequently Asked Questions
Seritage Growth Properties (SRG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Seritage Growth Properties's revenue?
Seritage Growth Properties (SRG) reported $15.6M in revenue for fiscal year 2025. This represents a 86% decrease from $113.2M in 2015.
How fast is Seritage Growth Properties growing?
Seritage Growth Properties (SRG) grew revenue by 3.3% over the past year. Growth has been modest.
Is SRG profitable?
Seritage Growth Properties (SRG) reported a net loss of $77.6M for fiscal year 2025.
Dividend & Returns
Does SRG pay dividends?
Yes, Seritage Growth Properties (SRG) pays a dividend with a yield of 3.27%. This makes it attractive for income-focused investors.
What is SRG's return on equity?
Seritage Growth Properties (SRG) has a return on equity (ROE) of -18.5%. Negative ROE indicates the company is unprofitable.
Industry Metrics
What is Seritage Growth Properties's FFO?
Seritage Growth Properties (SRG) generated Funds From Operations (FFO) of $-72.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is SRG a good dividend stock?
Seritage Growth Properties (SRG) offers a 3.27% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.