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NYSE · REAL ESTATE · SMALL CAP

Seritage Growth Properties SRG

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$607,000
▲ 7.1% YoY
$-68.2M
$-61.2M
In brief

What this company does

Prior to the adoption of the Company’s Plan of Sale (defined below), Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. As of December 31, 2025, the Company’s portfolio consisted of interests in 10 properties comprised of approximately 0.8 million square feet of gross leasable area (“GLA”) or build-to-suit leased area and 156 acres of land. The Company sought a shareholder vote to approve a proposed plan of sale of our assets and dissolution (the “Plan of Sale”) that would allow our Board of Trustees to sell all of our assets, distribute the net proceeds to shareholders and dissolve the Company, which Plan of Sale can be suspended by the Board of Trustees. The Company’s primary objective is to create value for its shareholders through the monetization of the Company's assets through the Plan of Sale, which can be suspended by the Board of Trustees.

Written from the business description in Seritage Growth Properties's annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth
USD 607,000.00
Revenue, FY2025 · full 10-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.6 · Net income -68.2
100M200M-80M2016201720182019202020212022202320242025
Compound annual growth
−37.2%
+15.7%
−37.0%
−23.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +15.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−11238 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -11238.1% · Net -11238.1%
-20000%-40000%2016201720182019202020212022202320242025
ROE
FY2023 · ROE -24.2%
-10%-20%2016201720182019202020212022202320242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -61.2
-200M-400M2016201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2019 · Dividends 18.0 · Net buybacks —
20M2016201720182019

Total assetsUSD 393.8M
EquityUSD 331.4M
CashUSD 48.1M

Equity funds 84% of total assets.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue $B0.00.00.00.00.00.00.00.00.20.2
Operating income $B−0.1−0.2−0.2−0.1−0.0−0.2−0.1−0.1−0.1−0.1
EBITDA $B··········
Income tax $B0.00.00.00.00.00.00.00.00.00.0
Net income $B−0.1−0.2−0.2−0.1−0.0−0.1−0.1−0.1−0.1−0.1
Free cash flow $B−0.1−0.1−0.1−0.2−0.2−0.3−0.4−0.3−0.20.0
EPS, diluted $−1.30−2.82−2.85−1.59−0.78−2.87−1.77−2.20−2.19−1.64
Dividend / sh $······0.251.001.001.00
Payout %······−30−49−46−76
ROE %··−24.2−10.5−4.2−15.2−7.9−8.8−8.7−6.4

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 36 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityReal Estate
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2016

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