Seritage Growth Properties (SRG)

SRG Balance Sheet

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, Plant & Equipment	164.63	370.13	560.74	780.62	1,713	1,930
Cash & Equivalents	51.54	85.21	134	133.48	106.6	143.73
Accounts Receivable	7.17	7.89	12.25	41.5	28.91	41.57
Other Intangible Assets	0.9	1.05	0.89	1.79	14.82	18.6
Restricted Cash	8.33	12.5	15.7	11.46	7.15	6.53
Other Current Assets	141.45	-	39.33	490.28	44.78	46.82
Deferred Long-Term Charges	-	-	-	-	0.2	5
Other Long-Term Assets	184.59	200.99	210.96	382.6	498.56	457.03
Total Assets	558.61	677.77	973.86	1,842	2,414	2,649
Current Portion of Leases	-	-	-	2.03	-	-
Long-Term Debt	196.67	240	360	1,030	1,439	1,599
Long-Term Leases	-	-	-	-	20.63	20.43
Accounts Payable	22.85	31.97	49.85	86.37	96.22	133.2
Accrued Expenses	-	-	-	-	9.5	9.5
Other Long-Term Liabilities	-	-	0.85	0.98	3.66	4.19
Total Liabilities	219.52	271.97	410.7	1,119	1,569	1,766
Preferred Stock, Convertible	0.03	0.03	0.03	0.03	0.03	0.03
Common Stock	0.56	0.56	0.56	0.56	0.44	0.39
Additional Paid-In Capital	1,363	1,363	1,362	1,360	1,241	1,177
Retained Earnings	-1,026	-958.78	-800.34	-640.53	-553.77	-528.64
Total Common Equity	337.7	404.43	561.96	720.44	687.71	649.01
Minority Interest	1.37	1.35	1.17	2.13	157.06	233.69
Shareholders' Equity	339.09	405.8	563.16	722.6	844.8	882.73
Total Liabilities & Equity	558.61	677.77	973.86	1,842	2,414	2,649
Total Debt	196.67	240	360	1,032	1,460	1,619
Net Cash (Debt)	-145.13	-154.79	-226	-898.3	-1,353	-1,476
Net Cash Per Share	-2.58	-2.75	-4.02	-18.06	-31.92	-38.53
Filing Date Shares Outstanding	56.32	56.32	56.26	56.06	43.63	38.9
Total Common Shares Outstanding	56.32	56.27	56.19	56.05	43.63	38.9
Book Value Per Share	6.00	7.19	10.00	12.85	15.76	16.69
Tangible Book Value	336.8	403.38	561.08	718.65	672.9	630.42
Tangible Book Value Per Share	5.98	7.17	9.98	12.82	15.42	16.21
Land	31.26	65.01	102.09	172.81	475.67	592.77
Buildings	152.61	239.98	344.97	463.62	994.22	1,108
Construction In Progress	2.09	93.59	135.31	185.32	381.19	352.78

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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