Seritage Growth Properties Overview
Industry: REIT Retail
Sector: Real Estate
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. 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 e Read MoreMavefund brings filings, fundamentals, valuation, price history and news for Seritage Growth Properties into one research view. The sections below show what strengthens or weakens the research case.
Score
Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Revenue was $2M (-55% YoY). Net loss was -$0M.
Revenue
$2M
-55% YoY
Net loss
-$0M
reported
What changed
- Revenue -55% YoY to $2M.
Guidance / outlook
we expect that they will continue to adversely impact the Plan of Sale proceeds from our assets and the amounts and timing of distributions to shareholders.
Earnings release
Open filing
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
Prediction-grade evidence
Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Milhaus and SRG Residential Complete Merger and Announce Acquisition of Broadshore Capital Partners
Headline from Business Wire: Milhaus and SRG Residential Complete Merger and Announce Acquisition of Broadshore Capital Partners.
SRG Global Limited (SRG.XA) Analyst insights, Price targets and Recommendations
Headline from Yahoo Finance UK: SRG Global Limited (SRG.XA) Analyst insights, Price targets and Recommendations.
Seritage Growth Properties: Preferred For Perspective (NYSE:SRG)
Headline from Seeking Alpha: Seritage Growth Properties: Preferred For Perspective (NYSE:SRG).
Milhaus, SRG Residential Form $2.5B Multifamily Powerhouse
Headline from Yahoo Finance: Milhaus, SRG Residential Form $2.5B Multifamily Powerhouse.
Earnings Per Share
Score 2.00/5
Seritage Growth Properties earns a low score, as its Earnings Per Share (EPS) has not shown continuous growth over the last six years. Notable counterparts in the sector with high scores includes
Manhattan Bridge Capital Inc
Essex Property Trust Inc
Simon Property Group Inc
In
REIT Retail industry
, Simon Property Group Inc
, SITE Centers
, Brixmor Property Group Inc.
are companies with high ratings.
Return on Equity
Score -0.64/5
Seritage Growth Properties exhibits a lower score in the Return on Equity (ROE) section, falling below the sector median value and indicating a comparatively weaker performance in this metric. The top companies in the same sector include
Manhattan Bridge Capital Inc
Essex Property Trust Inc
Simon Property Group Inc
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Net Margin
Score -0.87/5
Seritage Growth Properties
olds a low score as its net margin consistently trails below the sector median value and doesn't exhibit continuous growth over the last six years; notable companies in the sector with commendable scores include
Manhattan Bridge Capital Inc
Essex Property Trust Inc
Simon Property Group Inc
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Leverage
Score 2.47/5
Seritage Growth Properties
registers a lower score in the category as a result of its elevated leverage ratio over the past six years compared to the sector median value. Conversely, other companies in the same sector, including
Manhattan Bridge Capital Inc
Essex Property Trust Inc
Simon Property Group Inc
have achieved high scores.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
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Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.
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