Seritage Growth Properties (SRG)

SRG Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Revenue	17.6	17.06	15.06	104.61	115.65
Service and Other Revenue	0.61	0.57	5.72	2.45	1.03
Revenue	18.2	17.62	20.78	107.06	116.68
Revenue Growth (YoY)	3.30%	-15.19%	-80.59%	-8.25%	0.16%
Property Expenses	13.98	16.34	21.28	41.77	45.01
Total Property Expenses	13.98	16.34	21.28	41.77	45.01
Property Taxes	2.46	3.94	6.13	23.95	35.26
Gross Profit	1.77	-2.65	-6.63	41.34	36.42
Selling, General & Admin	31.95	30.02	45.99	47.63	41.95
Depreciation & Amortization Expenses	6.28	13.12	14.47	41.11	51.2
Other Operating Expenses	18.8	93.27	107.04	162.42	95.83
Operating Income	-55.27	-139.06	-174.13	-209.83	-152.55
Net Gains on Disposal of Properties	21.76	8.64	89.81	212.61	221.68
Interest Income	-11.6	-0.64	-38.79	-34.33	0.06
Interest Expense	-20.27	-24.97	-44.57	-86.73	-107.98
Total Non-Operating Income (Expense)	-10.12	-16.98	6.45	91.56	113.77
Pretax Income	-68.22	-151.95	-154.87	-119.63	-38.79
Provision for Income Taxes	-	-1.58	-0.04	-0.47	-0.2
Net Income	-73.12	-158.44	-159.81	-78.85	-33.05
Minority Interest in Earnings	-	-	-	-46.15	-10.84
Net Income Attributable to Preferred Dividends	4.9	4.9	4.9	4.9	4.9
Net Income to Common	-73.12	-158.44	-159.81	-78.85	-33.05
Shares Outstanding (Basic)	56	56	56	56	42
Shares Outstanding (Diluted)	56	56	56	56	42
Shares Change (YoY)	0.10%	0.32%	-0.12%	32.50%	10.62%
EPS (Basic)	-1.30	-2.82	-2.85	-1.40	-0.78
EPS (Diluted)	-1.30	-2.82	-2.85	-1.40	-0.78
Shares Outstanding	56.32	56.27	56.19	56.05	43.63
Free Cash Flow	-61.23	-81.06	-132.81	-217.22	-241.65
Free Cash Flow Per Share	-1.09	-1.44	-2.37	-3.87	-5.70
Gross Margin	9.70%	-15.05%	-31.91%	38.61%	31.21%
Operating Margin	-303.59%	-789.12%	-838.02%	-196.00%	-130.74%
Profit Margin	-374.73%	-871.27%	-745.52%	-112.18%	-33.41%
FCF Margin	-336.33%	-460.01%	-639.14%	-202.90%	-207.10%
EBITDA	-48.98	-125.94	-159.66	-168.72	-101.36
EBITDA Margin	-269.08%	-714.68%	-768.38%	-157.60%	-86.86%
EBIT	-55.27	-139.06	-174.13	-209.83	-152.55
EBIT Margin	-303.59%	-789.12%	-838.02%	-196.00%	-130.74%
Effective Tax Rate	0.00%	1.04%	0.02%	0.39%	0.51%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q