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Seritage Growth Properties

SRG Real Estate Real Estate Services

Seritage Growth Properties' revenue for fiscal 2025 (year ended December 2025) was $18.2 million, up 3.30% from fiscal 2024.

Revenue
−59.7%
EPS
+75.5%
Free cash flow
+10.6%
Total debt
−75.2%

Quarter to June 2026, against a year earlier

1.73 0.05 +2.98%
Market cap
$94.6M
P/E
0.0×
Fwd P/E
10.8×
Dividend yield
—
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.24
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 3 1 — — — — — — — —
Insider Ownership 24.38%

Capital & Financial Ratios $m

Size
Market Cap 94.62
Revenue ttm 12.88
Net income ttm (53.95)
Free cash flow ttm 137.36
Net debt Q (156.53)
Valuation
P/E 0.00
Forward P/E 10.80
Price / sales 7.35
Forward P/S Powerpack
Price / FCF 0.69
Price / book 0.32
Financial health
Current ratio Q 18.98
Debt / equity Q 0.17
Interest coverage Q (1.62)
Growth
Revenue growth Q −59.72% (below 0%: shrinking)
Operating income growth Q +36.47% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A +6,678.73% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is −4.8×, against a ten-year median of 10.3×; over the ten years it ranged from −5.1× in 2026 to 26.7× in 2024.
P/S against its own 10 years 56.75%
10-year low 10-year high
P/B against its own 10 years 2.38%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2016–25
−100.0%/yr
  1. 1.00 ’16
  2. 1.00 ’17 +0
  3. 1.00 ’18 +0
  4. 0.25 ’19 −75
  5. 0.00 ’20 −100
  6. 0.00 ’21
  7. 0.00 ’22
  8. 0.00 ’24
  9. 0.00 ’25
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 346 287 219 206
Receivables 12 8 4 3
Inventory — — — —
Other — — — —
358 295 222 210
2023 2024 2025 Q'26
Payables 51 32 13 11
ST’ Debt — — — —
Other — — — —
51 32 13 11

Compound Annual Growth %

10y 5y 3y
Sales (16.73%) (31.01%) (44.60%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (14.37%) (17.72%) (22.77%)

Earnings Trends EPS, adjusted, against the consensus

Q1 FY18 Estimate 0.38 Actual 0.22

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY17 0.45 0.46 Beat by 0.01
Q3 FY17 0.52 0.32 Miss by 0.20
Q4 FY17 0.49 0.21 Miss by 0.28
Q1 FY18 0.38 0.22 Miss by 0.16

EPS $

Mar Jun Sep Dec Year
’26 (0.56) (0.13) — — —
’25 (0.42) (0.53) (0.24) (0.11) (1.30)
’24 (0.36) (1.82) (0.41) (0.23) (2.82)
’23 (1.13) (1.73) (0.04) 0.04 (2.85)
’22 (1.22) (2.56) (0.08) 1.62 (1.59)
’21 (0.23) (1.73) (0.50) 1.64 (0.78)
’20 (0.59) (0.03) (1.33) (0.92) (2.87)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2 2 — — —
’25 5 5 5 4 18
’24 6 4 3 4 18
’23 1 6 5 9 21
’22 31 30 24 23 107
’21 31 28 29 29 117
’20 33 22 34 28 116
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) (2) — — —
’25 (9) (12) (13) (1) (35)
’24 (17) (8) (15) (14) (54)
’23 (22) (10) (10) (11) (53)
’22 (30) (24) (19) (44) (118)
’21 (23) (45) (29) (39) (136)
’20 (10) (8) (7) (22) (47)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) 7 — — —
’25 6 6 (16) 153 149
’24 15 21 5 34 75
’23 226 211 37 67 541
’22 (44) 105 117 249 426
’21 5 15 11 119 151
’20 (25) 10 30 23 38
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 249 241 215 169 116 117 107 21 18 18 13 (25.2%) 1,234 — — +6,678.7%
Gross margin, % 73.78 72.88 66.87 52.13 33.10 31.21 38.61 (31.91) (15.05) 9.70 10.00 (64.1) pt
EBT (91) (121) (115) (90) (153) (39) (120) (155) (152) (68) (54) (3.1%)
EBT margin, % (36.39) (50.01) (53.34) (53.61) (131.09) (33.24) (111.75) (745.33) (862.29) (374.73) (418.44) (338.3) pt
Net income (91) (121) (115) (91) (153) (39) (120) (155) (154) (68) (54) (3.2%)
Per share, $
Per share, $ Revenue 7.92 7.13 6.04 4.63 3.04 2.75 2.15 0.37 0.31 0.32 0.23 (29.9%)
Earnings (1.64) (2.19) (2.20) (1.77) (2.87) (0.78) (1.59) (2.85) (2.82) (1.30) (1.04) (2.5%)
Cash flow 3.09 1.76 1.54 (1.58) (1.24) (3.21) (2.37) (0.94) (0.95) (0.62) (0.37) n/m
Capex (2.11) (5.69) (2.91) (6.79) 2.22 6.76 10.94 10.57 2.28 3.26 2.81 n/m
Free cash flow 0.99 (3.92) (1.37) (8.37) 0.99 3.56 8.57 9.63 1.33 2.64 2.44 +11.6%
Book value 45.34 39.07 32.35 28.65 23.05 19.93 14.53 10.03 7.21 5.91 5.19 (20.3%)
Shares, m 31 34 36 36 38 42 50 56 56 56 56 +6.7%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S 5.23 5.62 5.35 8.65 4.83 4.82 5.53 25.40 13.15 10.05 7.35 8.9
P/B 0.91 1.03 1.00 1.40 0.64 0.67 0.82 0.94 0.57 0.55 0.32 0.9
EV/Sales 7.65 8.30 8.46 14.67 13.51 12.09 10.22 26.07 10.46 0.67 (4.81) 11.2
EV/FCF 61.35 (15.08) (37.40) (8.11) 41.71 9.35 2.57 1.00 2.47 0.08 (0.45) 5.8
Cash, $m
Cash, $m Operating cash flow 97 60 55 (58) (47) (136) (118) (53) (54) (35) (21) n/m
Capex (66) (192) (103) (247) 85 287 544 594 128 184 158 n/m
Free cash flow 31 (133) (49) (305) 38 151 426 541 75 149 137 +19.0%
Balance, $m
Balance, $m Working capital 467 622 841 530 507 532 480 308 263 209 199 (8.5%)
Net debt 602 645 667 1,014 1,012 848 502 14 (47) (171) (157) n/m
Shareholders’ equity 1,424 1,321 1,150 1,043 883 845 723 563 406 333 292 (14.9%)
Returns, %
Returns, % ROA (1.86) (2.70) (2.77) (2.29) (4.07) (1.31) (3.71) (11.35) (19.19) (13.65) (12.67) (11.8) pt
ROIC (0.94) (3.64) (4.06) (1.70) (2.85) (2.09) (4.23) (7.27) (8.99) (14.07) (10.20) (13.1) pt
ROE (3.44) (5.39) (6.34) (5.86) (11.41) (3.83) (10.06) (24.86) (32.70) (19.80) (18.25) (16.4) pt
People
People Employees 38 56 69 77 61 40 32 19 7 5 — (20.2%)
Revenue/emp, $m 6.54 4.30 3.11 2.19 1.91 2.92 3.35 1.09 2.52 3.64 — (6.3%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Seritage Growth Properties vs peers in Real Estate Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MLP Maui Land & Pineapple Company, Inc. $287.0M — (loss-making) 9.2× −19.64% (below 0%: shrinking) n/m −9.85% (below 0%: shrinking) 31.91% (48.57%) Compare
CHCI Comstock Holding Companies, Inc. $191.4M 7.6× 4.3× +34.09% (above 0%: growing) +20.00% (above 0%: growing) +93.19% (above 0%: growing) 15.40% 9.34% Compare
DOUG Douglas Elliman Inc. $142.7M 6.0× 17.2× +4.45% (above 0%: growing) n/m +2,005.57% (above 0%: growing) 20.88% (1.21%) Compare
SRG Seritage Growth Properties $94.6M — (loss-making) 10.8× −59.72% (below 0%: shrinking) n/m +10.60% (above 0%: growing) 38.90% (253.84%)
STHO Star Holdings $91.5M 6.3× — −53.96% (below 0%: shrinking) n/m −263.07% (below 0%: shrinking) 27.41% 9.47% Compare
MAYS J. W. Mays, Inc. $88.7M — (loss-making) — (loss-making) −5.98% (below 0%: shrinking) n/m −125.91% (below 0%: shrinking) 26.59% (6.67%) Compare
ASPS Altisource Portfolio Solutions S.A. $65.4M — (loss-making) — (loss-making) +23.89% (above 0%: growing) n/m +317.79% (above 0%: growing) 23.35% 1.47% Compare
RFL Rafael Holdings, Inc. $55.3M — (loss-making) — (loss-making) −30.29% (below 0%: shrinking) n/m +19.32% (above 0%: growing) 94.67% (3,993.03%) Compare
EUDA EUDA Health Holdings Limited $44.4M — (loss-making) 11.1× — n/m −881.74% (below 0%: shrinking) 26.92% 0.00% Compare
Median of peers $90.1M 6.3× 10.1× −5.98% — +4.74% 26.76% (0.60%)

All 44 Real Estate Services stocks →

Pay and ownership Proxy statement filed 27 April 2026

Ownership

Directors and executive officers, together less than 1% of the votes
Edward S. Lampert 23.80% of the votes
Hotchkis and Wiley Capital Management 8.60% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Seritage Growth Properties (SRG) Latest News

14 Aug

Impact 4 · · Associated Press Finance
Impact 4 · · Business Wire
Impact 3 ·
Impact 3 · · Associated Press Finance
Impact 3 · · Business Wire

15 May

Impact 4 · · Business Wire
Impact 3 · · Business Wire
Impact 3 · · Associated Press Finance

31 Mar

Impact 4 · · Business Wire
Impact 3 ·

15 Jan

Impact 4 · · Simply Wall St.

4 Dec

Impact 3 · · Business Wire

25 Nov

Impact 3 · · Business Wire

14 Nov

Impact 3 · · Associated Press Finance
Impact 3 · · Business Wire

1 Oct

Impact 4 · · Simply Wall St.

16 Aug

Impact 3 · · Simply Wall St.

27 Jun

Impact 3 · · Simply Wall St.

11 Jun

Impact 3 ·

17 May

Impact 3 · · Simply Wall St.

21 Apr

Impact 3 · · Simply Wall St.

28 Mar

Impact 3 ·

14 Mar

Impact 4 ·

18 Feb

Impact 3 · · Simply Wall St.

15 Nov

Impact 4 · · Simply Wall St.

12 Nov

Impact 3 ·

5 Nov

Impact 4 · · Simply Wall St.

23 Oct

Impact 3 · · Business Wire

19 Oct

Impact 4 · · Insider Monkey

16 Jun

Impact 4 · · Simply Wall St.
stockrow.com/SRG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com