Seritage Growth Properties

Chart & Performance

D1W1MN

Profile

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties totaling approximately 30.4 million square feet of space across 44 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015. The Company's mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experiences for consumers and local communities, and create long-term value for our shareholders.

URL

https://seritage.com/

IPO date

Jun 06, 2015

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	20,579 -80.78%	107,055 -8.25%	116,683 0.16%
Cost of revenue	73,398	113,354	122,212
Unusual Expense (Income)
NOPBT	(52,819)	(6,299)	(5,529)
NOPBT Margin
Operating Taxes	38	466	196
Tax Rate
NOPAT	(52,857)	(6,765)	(5,725)
Net income	(154,911) 28.99%	(120,097) 208.06%	(38,985) -74.51%
Dividends	(4,900)	(4,900)	(4,900)
Dividend yield	0.93%	0.83%	0.87%
Proceeds from repurchase of equity	(315)		(269)
BB yield	0.06%		0.05%
Debt
Debt current	1,151	1,029,754	20,627
Long-term debt	374,047	1,041,586	1,493,672
Deferred revenue	(848)	1,119,122	1,569,338
Other long-term liabilities		(1,118,540)	(1,596,465)
Net debt	241,197	1,555,263	909,134
Cash flow
Cash from operating activities	(53,061)	(117,923)	(135,996)
CAPEX		(574,151)	(248,123)
Cash from investing activities	732,911	586,079	260,707
Cash from financing activities	(675,089)	(436,970)	(161,212)
FCF	767,356	(880,324)	(40,059)
Balance
Cash	134,001	133,480	106,602
Long term investments		382,597	498,563
Excess cash	132,972	510,724	599,331
Stockholders' equity	(798,578)	(637,812)	(396,248)
Invested Capital	1,729,341	3,417,779	2,689,299
ROIC
ROCE
EV
Common stock shares outstanding	56,151	49,729	42,393
Price	9.35 -20.96%	11.83 -10.85%	13.27 -9.60%
Market cap	525,012 -10.76%	588,294 4.58%	562,555 0.06%
EV	767,411	2,145,715	1,628,776
EBITDA	(38,348)	35,038	45,846
EV/EBITDA		61.24	35.53
Interest		86,730	107,975
Interest/NOPBT