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Seritage Growth Properties (SRG)

Stock Price: $13.62 USD -0.53 (-3.75%)
Updated Oct 26, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 526.34M
Revenue (ttm) 139.40M
Net Income (ttm) -56.12M
Shares Out 38.64M
EPS (ttm) -1.64
PE Ratio n/a
Forward PE n/a
Dividend $1.00
Dividend Yield 7.34%

Stock Quote

Trading Day Oct 26, 2020
Last Price $13.62
Previous Close $14.15
Change ($) -0.53
Change (%) -3.75%
Day's Open 13.92
Day's Range 13.25 - 13.94
Day's Volume 425,480
52-Week Range 5.00 - 45.70

More Stats

Market Cap 526.34M
Enterprise Value 2.04B
Earnings Date (est) n/a
Ex-Dividend Date n/a
Shares Outstanding 38.64M
Float 34.27M
EPS (basic) -1.66
EPS (diluted) -1.64
FCF / Share -1.28
Dividend $1.00
Dividend Yield 7.34%
Earnings Yield n/a
FCF Yield n/a
Payout Ratio n/a
Shares Short 14.95M
Short Ratio 20.84
Short % of Float 43.62%
Beta 2.20
PE Ratio n/a
Forward PE n/a
P/FCF Ratio n/a
PS Ratio 3.78
PB Ratio 1.04
Revenue 139.40M
Operating Income -94.17M
Net Income -56.12M
Free Cash Flow -49.48M
Net Cash -1.52B
Net Cash / Share -39.26
Gross Margin 54.66%
Operating Margin -67.56%
Profit Margin -43.80%
FCF Margin -35.49%
ROA -2.11%
ROE -8.04%
ROIC 0.90%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (1)

Buy 0
Overweight 0
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Hold

Price Target

$16.00*
Low
16.0
Current: $13.62
High
16.0
Target: 16.00
*Average 12-month price target from 1 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016
Revenue169215241249
Revenue Growth-21.48%-10.9%-3.08%-
Gross Profit87.92144176183
Operating Income-55.82-118-115-30.45
Net Income-59.40-73.47-73.75-51.56
Shares Outstanding36.4135.5633.8031.42
Earnings Per Share-1.77-2.20-2.19-1.64
Dividend Per Share0.251.001.001.00
Dividend Growth-75%0%0%-
Operating Cash Flow-57.6654.9059.6197.22
Free Cash Flow-57.6654.9059.6197.22
Cash & Equivalents139533417140
Total Debt1,5981,5981,3461,167
Net Cash / Debt-1,459-1,065-928-1,027
Assets2,7512,8762,7762,712
Liabilities1,7071,7261,4551,288
Book Value731781887805
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Seritage Growth Properties
Country United States
Employees 77
CEO Benjamin W. Schall

Stock Information

Ticker Symbol SRG
Stock Exchange New York Stock Exchange
Sector Real Estate
Industry REIT—Retail
Unique Identifier NYSE: SRG
IPO Date July 6, 2015

Description

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 171 wholly-owned properties and 28 joint venture properties totaling approximately 31.6 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.