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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	302.16	370.13	560.74	780.62	1,713	1,930
Cash & Equivalents	71.8	85.21	134	133.48	106.6	143.73
Accounts Receivable	7.2	7.89	12.25	41.5	28.91	41.57
Other Intangible Assets	0.92	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	8.51	-	39.33	490.28	44.78	46.82
Deferred Long-Term Charges	-	-	-	-	0.2	5
Other Long-Term Assets	176.78	200.99	210.96	382.6	498.56	457.03
Total Assets	575.71	677.77	973.86	1,842	2,414	2,649
Current Portion of Leases	-	-	-	2.03	-	-
Long-Term Debt	200	240	360	1,030	1,439	1,599
Long-Term Leases	0.7	-	-	-	20.63	20.43
Accounts Payable	21.23	31.97	49.85	86.37	96.22	133.2
Accrued Expenses	-	-	-	-	9.5	9.5
Other Long-Term Liabilities	1.04	-	0.85	0.98	3.66	4.19
Total Liabilities	222.97	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	-1,012	-958.78	-800.34	-640.53	-553.77	-528.64
Total Common Equity	351.34	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	352.74	405.8	563.16	722.6	844.8	882.73
Total Liabilities & Equity	575.71	677.77	973.86	1,842	2,414	2,649
Total Debt	200.7	240	360	1,032	1,460	1,619
Net Cash (Debt)	-128.9	-154.79	-226	-898.3	-1,353	-1,476
Net Cash Per Share	-2.29	-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	6.24	7.19	10.00	12.85	15.76	16.69
Tangible Book Value	350.42	403.38	561.08	718.65	672.9	630.42
Tangible Book Value Per Share	6.22	7.17	9.98	12.82	15.42	16.21
Land	38.41	65.01	102.09	172.81	475.67	592.77
Buildings	197.09	239.98	344.97	463.62	994.22	1,108
Construction In Progress	91.38	93.59	135.31	185.32	381.19	352.78

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

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