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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	340.95	370.13	560.74	780.62	1,713	1,930
Cash & Equivalents	94.27	85.21	134	133.48	106.6	143.73
Accounts Receivable	7.56	7.89	12.25	41.5	28.91	41.57
Other Intangible Assets	0.99	1.05	0.89	1.79	14.82	18.6
Restricted Cash	12.86	12.5	15.7	11.46	7.15	6.53
Other Current Assets	8.41	-	39.33	490.28	44.78	46.82
Deferred Long-Term Charges	-	-	-	-	0.2	5
Other Long-Term Assets	184.67	200.99	210.96	382.6	498.56	457.03
Total Assets	649.7	677.77	973.86	1,842	2,414	2,649
Current Portion of Leases	-	-	-	2.03	-	-
Long-Term Debt	240	240	360	1,030	1,439	1,599
Long-Term Leases	-	-	-	-	20.63	20.43
Accounts Payable	27.25	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	267.25	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	-982.21	-958.78	-800.34	-640.53	-553.77	-528.64
Total Common Equity	381.08	404.43	561.96	720.44	687.71	649.01
Minority Interest	1.35	1.35	1.17	2.13	157.06	233.69
Shareholders' Equity	382.45	405.8	563.16	722.6	844.8	882.73
Total Liabilities & Equity	649.7	677.77	973.86	1,842	2,414	2,649
Total Debt	240	240	360	1,032	1,460	1,619
Net Cash / Debt	-145.73	-154.79	-226	-898.3	-1,353	-1,476
Net Cash Per Share	-2.59	-2.75	-4.02	-18.06	-31.92	-38.53
Filing Date Shares Outstanding	56.32	56.27	56.26	56.06	43.63	38.9
Total Common Shares Outstanding	56.27	56.32	56.19	56.05	43.63	38.9
Book Value Per Share	6.77	7.18	10.00	12.85	15.76	16.69
Tangible Book Value	380.09	403.38	561.08	718.65	672.9	630.42
Tangible Book Value Per Share	6.75	7.16	9.98	12.82	15.42	16.21
Land	55.08	65.01	102.09	172.81	475.67	592.77
Buildings	219.22	239.98	344.97	463.62	994.22	1,108
Construction In Progress	91.25	93.59	135.31	185.32	381.19	352.78

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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