Want to see SRG full AI Analyst Report?
Top Page
Seritage
(NYSE:SRG)
Select Model
Select Model
Rating:47Neutral
Price Target:
$2.50
▲(18.48% Upside)
Action:Reiterated
Date:08/18/26
SRG scores low primarily due to weak financial performance: declining revenue, deeply negative profitability, and ongoing cash burn outweigh the benefit of a de-risked, currently debt-free balance sheet. Technicals also pressure the score with bearish trend signals despite oversold readings. Corporate events provide a modest offset via refinancing/asset monetization progress but are tempered by new covenant constraints and governance frictions.
Positive Factors
De-risked balance sheet
The sharp reduction in leverage lowers refinancing exposure and preserves financial flexibility. A sizeable equity base relative to assets gives Seritage more capacity to manage assets, fund selective initiatives, and withstand operating volatility.
Negative Factors
Declining revenue and deep losses
Falling revenue and deeply negative profitability show that the portfolio has not yet produced a sustainable earnings base. Thin gross profitability limits resilience and makes future results dependent on asset sales, leasing progress, or further cost reductions.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked balance sheet
The sharp reduction in leverage lowers refinancing exposure and preserves financial flexibility. A sizeable equity base relative to assets gives Seritage more capacity to manage assets, fund selective initiatives, and withstand operating volatility.
Read all positive factors
Seritage (SRG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$118.84M
Dividend YieldN/A
Average Volume (3M)186.01K
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue Growth-24.59%
EPS Growth33.86%
CountryUS
Employees5
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)-1.05
Shares Outstanding56,324,608
10 Day Avg. Volume202,552
30 Day Avg. Volume186,010
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.55
Price to Sales (P/S)10.05
P/FCF Ratio-5.24
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Seritage Business Overview & Revenue Model
Company Description
Seritage Growth Properties was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. As of March 31, 2026, the Company’s portfoli...
How the Company Makes Money
Seritage primarily makes money through real estate operations and asset monetization. Its core revenue stream is rental income generated from leasing space in its owned properties to tenants; this includes base rent and, where applicable, addition...
Seritage Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.70M | 18.20M | 17.62M | 20.78M | 107.06M | 116.68M |
| Gross Profit | -370.00K | 1.76M | -2.65M | -6.63M | 41.34M | 36.42M |
| EBITDA | -39.57M | -41.51M | -113.67M | -95.66M | 8.44M | 120.56M |
| Net Income | -56.40M | -68.22M | -153.54M | -154.91M | -73.94M | -28.15M |
Balance Sheet | ||||||
| Total Assets | 353.58M | 393.78M | 677.77M | 973.86M | 1.84B | 2.41B |
| Cash, Cash Equivalents and Short-Term Investments | 48.43M | 48.09M | 85.21M | 134.00M | 133.48M | 106.60M |
| Total Debt | 50.26M | 47.68M | 240.00M | 367.60M | 1.03B | 1.46B |
| Total Liabilities | 61.36M | 60.98M | 271.97M | 410.70M | 1.12B | 1.57B |
| Stockholders Equity | 292.22M | 331.42M | 404.46M | 561.99M | 720.47M | 687.74M |
Cash Flow | ||||||
| Free Cash Flow | -20.96M | -34.90M | -53.55M | -785.97M | -692.07M | -384.12M |
| Operating Cash Flow | -20.96M | -34.90M | -53.55M | -53.06M | -117.92M | -136.00M |
| Investing Cash Flow | 164.38M | 198.47M | 126.87M | 732.91M | 586.08M | 260.71M |
| Financing Cash Flow | -160.69M | -198.99M | -125.31M | -675.09M | -436.97M | -161.21M |
Seritage Technical Analysis
Negative
2.11
Price Trends
2.46
Negative
2.54
Negative
2.91
Negative
Market Momentum
-0.11
Positive
30.54
Neutral
17.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SRG, the sentiment is Negative. The current price of 2.11 is below the 20-day moving average (MA) of 2.29, below the 50-day MA of 2.46, and below the 200-day MA of 2.91, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 30.54 is Neutral, neither overbought nor oversold. The STOCH value of 17.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SRG.
Seritage Risk Analysis
Seritage disclosed 44 risk factors in its most recent earnings report. Seritage reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Seritage Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $1.73B | 7.83 | 55.78% | 3.73% | 9.03% | 235.30% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
57 Neutral | $843.59M | 21.73 | 11.80% | 6.61% | 8.98% | -26.26% | |
56 Neutral | $156.38M | 1.24 | 40.56% | 59.94% | -64.75% | -64.43% | |
55 Neutral | $347.30M | 91.20 | 1.86% | 5.71% | 24.02% | ― | |
47 Neutral | $118.84M | -2.01 | -17.89% | ― | -24.59% | 33.86% | |
46 Neutral | $1.13M | ― | 9.74% | ― | -7.40% | ― |
* Real Estate Sector Average
SRG
Seritage
2.11
-1.53
-42.03%
SITC
SITE Centers
3.03
-2.22
-42.26%
BFS
Saul Centers
33.68
2.03
6.42%
WHLR
Wheeler Real Estate Investment
0.40
-2,717.60
-99.99%
PINE
Alpine Income Property Trust Inc
19.69
5.45
38.28%
CBL
CBL & Associates Properties
55.10
25.44
85.77%
Seritage Corporate Events
Business Operations and StrategyDividendsPrivate Placements and Financing
Seritage Declares Dividend Following Recent Debt Refinancing
Positive
Jul 28, 2026
On July 24, 2026, Seritage Growth Properties affiliates arranged a $15 million term loan and a $25 million revolving loan with b1Bank, drawing $15 million on the revolver to help repay a remaining $50 million balance on a prior $1.6 billion senior...
Business Operations and StrategyExecutive/Board Changes
Seritage Growth Properties Updates CEO Employment Agreement
Positive
Jul 8, 2026
On July 1, 2026, Seritage Growth Properties amended and restated its employment agreement with Adam Metz, confirming his continued roles as Chief Executive Officer and President. The revised contract maintains his annual base salary at $1,100,000 ...
Executive/Board ChangesShareholder Meetings
Seritage Shareholders Challenge Board Elections and Executive Pay
Negative
Jun 11, 2026
On June 9, 2026, Seritage shareholders held their annual meeting, where six incumbent trustees stood for re‑election but failed to secure the two‑thirds vote required under company bylaws. Despite this shortfall, the trustees will cont...
Business Operations and StrategyM&A Transactions
Seritage Enters Option Agreement to Monetize Dallas Property
Positive
Jun 1, 2026
On June 1, 2026, a Seritage Growth Properties subsidiary agreed to an option purchase and sale arrangement with Arena Development Intermediate, LLC for its Dallas, Texas property at a base price of $50.76 million, subject to customary adjustments,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.