Seritage Growth Properties (SRG)

SRG Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property Revenue	17.85	17.06	15.06	104.61	115.65	116.2
Service and Other Revenue	0.57	0.57	5.72	2.45	1.03	0.29
Revenue	18.42	17.62	20.78	107.06	116.68	116.5
Revenue Growth (YoY)	-17.80%	-15.19%	-80.59%	-8.25%	0.16%	-30.92%
Property Expenses	14.02	16.34	21.28	41.77	45.01	41.16
Total Property Expenses	14.02	16.34	21.28	41.77	45.01	41.16
Property Taxes	2.59	3.94	6.13	23.95	35.26	36.77
Gross Profit	1.82	-2.65	-6.63	41.34	36.42	38.56
Selling, General & Admin	33.56	30.02	45.99	47.63	41.95	28.85
Depreciation & Amortization Expenses	8.07	13.12	14.47	41.11	51.2	96
Other Operating Expenses	18.8	93.27	107.04	162.42	95.83	64.11
Operating Income	-58.62	-139.06	-174.13	-209.83	-152.55	-150.39
Net Gains on Disposal of Properties	11.6	8.64	89.81	212.61	221.68	86.8
Interest Income	-7.41	-0.64	-38.79	-34.33	0.06	-1.32
Interest Expense	-21.29	-24.97	-44.57	-86.73	-107.98	-91.32
Total Non-Operating Income (Expense)	-17.1	-16.98	6.45	91.56	113.77	-5.84
Pretax Income	-74.47	-151.95	-154.87	-119.63	-38.79	-152.71
Provision for Income Taxes	-0.01	-1.58	-0.04	-0.47	-0.2	-0.25
Net Income	-79.38	-158.44	-159.81	-78.85	-33.05	-109.93
Minority Interest in Earnings	-	-	-	-46.15	-10.84	-47.94
Net Income Attributable to Preferred Dividends	4.9	4.9	4.9	4.9	4.9	4.9
Net Income to Common	-79.38	-158.44	-159.81	-78.85	-33.05	-109.93
Shares Outstanding (Basic)	56	56	56	56	42	38
Shares Outstanding (Diluted)	56	56	56	56	42	38
Shares Change (YoY)	0.12%	0.32%	-0.12%	32.50%	10.62%	-31.36%
EPS (Basic)	-1.42	-2.82	-2.85	-1.40	-0.78	-2.87
EPS (Diluted)	-1.42	-2.82	-2.85	-1.40	-0.78	-2.87
Free Cash Flow	-71.22	-81.06	-132.81	-217.22	-241.65	-294.13
Free Cash Flow Per Share	-1.26	-1.44	-	-3.87	-	-
Gross Margin	9.86%	-15.05%	-31.91%	38.61%	31.21%	33.10%
Operating Margin	-318.25%	-789.12%	-838.02%	-196.00%	-130.74%	-129.10%
Profit Margin	-404.37%	-871.27%	-745.52%	-112.18%	-33.41%	-131.31%
FCF Margin	-386.69%	-460.00%	-639.14%	-202.90%	-207.10%	-252.49%
EBITDA	-50.55	-125.94	-159.66	-168.72	-101.36	-54.39
EBITDA Margin	-274.43%	-714.68%	-768.38%	-157.60%	-86.86%	-46.69%
EBIT	-58.62	-139.06	-174.13	-209.83	-152.55	-150.39
EBIT Margin	-318.25%	-789.12%	-838.02%	-196.00%	-130.74%	-129.10%
Effective Tax Rate	0.02%	1.04%	0.02%	0.39%	0.51%	0.17%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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