OverviewSuggest Edit

Seritage Growth Properties (NYSE: SRG) is a publicly traded real estate investment trust headquartered in New York City. The Company’s portfolio of 266 properties, consisting of approximately 42 million square feet of retail space is broadly diversified across 49 states and Puerto Rico. The majority of our properties are master leased to Sears Holdings and are operated under either the Sears or K-Mart brand. A number of our properties are leased to leading national retailers such as Nordstrom Rack, Wal-Mart and Dicks Sporting Goods. Seritage is uniquely positioned to re-tenant and redevelop our portfolio of prime real estate into first class multi-tenant shopping centers. EMPLOYMENT Our portfolio and platform present a unique opportunity for growth both as a company and individually. We are seeking experienced, energetic and innovative professionals to join our dynamic and growing team as we embark on the re-tenanting and redevelopment of our properties to their highest and best use. We strive to achieve excellence with a culture of professionalism and integrity and welcome the opportunity to speak to candidates who share these values. Please send resumes to Careers@seritage.com
TypePublic
Founded2015
HQNew York, NY, US
Websiteseritage.com
Employee Ratings2.9

Latest Updates

Employees (est.) (Feb 2020)77(+12%)
Revenue (FY, 2020)$116.5 M(-30%)
Share Price (May 2022)$8.2(-5%)
Cybersecurity ratingBMore
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Seritage Growth Properties Office Locations

Seritage Growth Properties has an office in New York
New York, NY, US (HQ)
489 5th Ave 18th floor
Show all (1)

Seritage Growth Properties Financials and Metrics

Seritage Growth Properties Revenue

Seritage Growth Properties's revenue was reported to be $116.5 m in FY, 2020
USD

Revenue (Q1, 2021)

31.3m

Net income (Q1, 2021)

(10.9m)

Market capitalization (12-May-2022)

356.0m

Closing stock price (12-May-2022)

8.2

Cash (31-Mar-2021)

137.9m
Seritage Growth Properties's current market capitalization is $356 m.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

113.6m248.7m241.0m214.8m168.6m116.5m

Revenue growth, %

General and administrative expense

10.0m17.5m27.9m34.8m39.2m28.8m

Operating expense total

10.0m17.5m27.9m34.8m39.2m28.8m
Quarterly
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

54.1m63.0m61.9m57.6m65.4m57.9m64.0m53.8m49.3m56.6m43.9m40.5m47.6m33.3m21.8m31.3m

General and administrative expense

5.8m4.4m4.4m4.3m6.3m5.1m5.3m7.8m8.7m8.3m9.8m8.3m8.1m9.4m8.6m11.2m

Operating expense total

70.6m4.4m4.4m4.3m6.3m5.1m5.3m7.8m8.7m8.3m9.8m8.3m8.1m9.4m8.6m11.2m

Depreciation and amortization

39.5m37.3m44.5m58.7m50.6m61.1m34.7m49.6m49.8m26.2m20.2m21.6m34.1m23.7m13.1m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

62.9m52.0m241.6m532.9m139.3m143.7m

Accounts Receivable

30.8m36.9m54.5m46.6m

Prepaid Expenses

20.1m29.9m67.7m63.8m

Total Assets

2.8b2.7b2.8b2.9b2.8b2.6b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(38.8m)(38.8m)(120.8m)(114.9m)(90.6m)(153.0m)

Depreciation and Amortization

65.9m65.9m262.2m226.7m104.6m96.0m

Inventories

31.2k(5.5k)

Accounts Payable

(21.5m)15.1m(8.0m)20.8m
USDQ2, 2015

Financial Leverage

1 x
Show all financial metrics

Seritage Growth Properties Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Seritage Growth Properties Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Seritage Growth Properties Online and Social Media Presence

Embed Graph

Seritage Growth Properties News and Updates

Industrious Partners with Seritage Growth Properties to Open Five Locations

NEW YORK, May 21, 2019 /PRNewswire/ -- Seritage Growth Properties, a national retail and mixed-use developer, today announced a partnership with flexible workspace provider Industrious to bring premium workspaces to five locations in the Seritage portfolio, with the first location to open ...

Seritage Growth Properties Frequently Asked Questions

  • When was Seritage Growth Properties founded?

    Seritage Growth Properties was founded in 2015.

  • How many employees does Seritage Growth Properties have?

    Seritage Growth Properties has 77 employees.

  • What is Seritage Growth Properties revenue?

    Latest Seritage Growth Properties annual revenue is $116.5 m.

  • What is Seritage Growth Properties revenue per employee?

    Latest Seritage Growth Properties revenue per employee is $1.5 m.

  • Who are Seritage Growth Properties competitors?

    Competitors of Seritage Growth Properties include Artemis Real Estate Partners, Kimco Realty and Empire State Realty Trust.

  • Where is Seritage Growth Properties headquarters?

    Seritage Growth Properties headquarters is located at 489 5th Ave 18th floor, New York.

  • Where are Seritage Growth Properties offices?

    Seritage Growth Properties has an office in New York.

  • How many offices does Seritage Growth Properties have?

    Seritage Growth Properties has 1 office.