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SRG Stock Price Correlated With Seritage Growth Properties Financials

SRG Stock Price vs. Quarterly
SRG
Income Statement
Cash Flow
Balance Sheet

SRG Income Statement

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Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

SRG Cash Flow

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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

SRG Balance Sheet

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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Hotchkis & Wiley Capital Management
4,839,080 sh
47,740 sh
1%
$45,245
$8,160
Vanguard Group
3,548,668 sh
5,318 sh
0%
$33,180
$5,755
Centiva Capital, Lp
2,109,673 sh
844,173 sh
67%
$19,725
$8,437
FourWorld Capital Management
1,538,491 sh
-200,000 sh
-12%
$14,385
-$1,122
Nomura Holdings
Call options for 1,205,400 sh
1,205,400 sh
NEW
$11,270
$11,270
Millennium Management
Call options for 1,070,000 sh
1,070,000 sh
NEW
$10,005
$10,005
LITTLEJOHN & CO
905,092 sh
-8,719 sh
-1%
$8,463
$1,390
Yakira Capital Management.
859,153 sh
-38,990 sh
-4%
$8,033
$1,081
K2 Principal Fund,
Call options for 855,800 sh
855,800 sh
NEW
$8,002
$8,002
Blackrock.
828,594 sh
50,614 sh
7%
$7,746
$1,724
Gabelli Funds
753,936 sh
-64,319 sh
-8%
$7,049
$716
Ursa Fund Management
747,400 sh
503,400 sh
206%
$6,988
$6,969
Gabelli & Co Investment Advisers.
684,531 sh
48,478 sh
8%
$6,400
$1,477
Towerview
680,000 sh
 
$6,358
Lmr Partners
Call options for 600,000 sh
600,000 sh
NEW
$5,610
$5,610
Anson Funds Management Lp
594,156 sh
400,309 sh
207%
$5,555
$4,055
Ursa Fund Management
Call options for 591,000 sh
591,000 sh
NEW
$934
$934
Lmr Partners
555,535 sh
305,744 sh
122%
$5,194
$2,966
Walleye Trading
Call options for 553,000 sh
553,000 sh
NEW
$5,171
$5,171
K2 Principal Fund,
540,654 sh
214,654 sh
66%
$5,055
$2,532
COMPANY PROFILE
Note 1 – Organization Seritage Growth Properties (“Seritage”) (NYSE: SRG), a Maryland real estate investment trust formed on June 3, 2015, is a fully integrated, self-administered and self-managed real estate investment trust (“REIT”) as defined under Section 856(c) of the Internal Revenue Code (the “Code”). Seritage’s assets are held by and its operations are primarily conducted, directly or indirectly, through Seritage Growth Properties, L.P., a Delaware limited partnership (the “Operating Partnership”). Under the partnership agreement of the Operating Partnership, Seritage, as the sole general partner, has exclusive responsibility and discretion in the management and control of the Operating Partnership. Unless otherwise expressly stated or the context otherwise requires, the “Company” and “Seritage” refer to Seritage, the Operating Partnership and its owned and controlled subsidiaries. Seritage is 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, 2021 , the Company’s portfolio consisted of interests in 162 properties comprised of approximately 19.2 million square feet of gross leasable area (“GLA”) or build-to-suit leased area, approximately 600 acres held for or under development and approximately 9.4 million square feet or approximately 800 acres to be disposed of. The portfolio consists of approximately 15.4 million square feet of GLA held by 137 wholly owned properties (such properties, the “Consolidated Properties”) and 3.9 million square feet of GLA held by 25 unconsolidated entities (such properties, the “Unconsolidated Properties”). The Company commenced operations on July 7, 2015 following a rights offering to the shareholders of Sears Holdings Corporation (“Sears Holdings” or “Sears”) to purchase common shares of Seritage in order to fund, in part, the $ 2.7 billion acquisition of certain of Sears Holdings’ owned properties and its 50 % interests in three joint ventures which were simultaneously leased back to Sears Holdings under a master lease agreement (the “Original Master Lease” and the “Original JV Master Leases”, respectively). As of December 31, 2021 , the Company no longer had any remaining properties leased to Holdco or Sears Holdings after giving effect to the termination of the remaining five Consolidated Properties, which were completed March 15, 2021, as further described in Note 5. COVID-19 Pandemic The Coronavirus (“COVID-19”) pandemic has caused and continues to cause significant impacts on the real estate industry in the United States, including the Company's properties. As a result of the development, fluidity and uncertainty surrounding the situation, the Company expects that these conditions may change, potentially significantly, in future periods and results for the year ended December 31, 2021 may not be indicative of the impact of the COVID-19 pandemic on the Company's business for future periods. As such, the Company cannot reasonably estimate the impact of COVID-19 on its financial condition, results of operation or cash flows over the foreseeable future. As of December 31, 2021 , the Company had collected 97 % of rental income for the year ended December 31, 2021, and agreed to defer an additional 1 %. While the Company intends to enforce its contractual rights under its leases, there can be no assurance that tenants will meet their future obligations or that additional rental modification agreements will not be necessary. Liquidity The Company’s primary uses of cash include the payment of property operating and other expenses, including general and administrative expenses and debt service (collectively, “Obligations”), and certain development expenditures. Property rental income, which is the Company’s primary source of operating cash flow, did not fully fund Obligations incurred during the year ended December 31, 2021 and the Company recorded

Free historical financial statements for Seritage Growth Properties Cla. See how revenue, income, cash flow, and balance sheet financials have changed over 32 quarters since 2016. Compare with SRG stock chart to see long term trends.

Data imported from Seritage Growth Properties Cla SEC filings. Check original filings before making any investment decision.