Seritage (SRG)
NYSE:SRG
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Seritage
(NYSE:SRG)
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Rating:42Neutral
Price Target:
$2.50
▼(-17.76% Downside)
Action:ReiteratedDate:04/01/26
The score is driven down primarily by very weak financial performance (collapsed revenue, sustained losses, and ongoing cash burn). Technical signals are also bearish with negative momentum, despite oversold readings. Valuation provides limited support because losses make the negative P/E difficult to interpret and no common dividend yield is available.
Positive Factors
Improved leverage (debt eliminated)
Elimination of total debt in 2025 markedly lowers financial risk and interest burdens, increasing balance sheet flexibility over the next several months. This structural de-leveraging supports capacity to pursue redevelopments or withstand operating shortfalls while reducing default and refinancing pressure.
Negative Factors
Collapsed revenue and persistent losses
A severe decline in top-line receipts and continuous net losses indicate the core portfolio is not generating sufficient earnings. Without sustained occupancy improvement or successful asset repositioning, profitability is unlikely to normalize, constraining internal reinvestment and long-term viability of operating cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage (debt eliminated)
Elimination of total debt in 2025 markedly lowers financial risk and interest burdens, increasing balance sheet flexibility over the next several months. This structural de-leveraging supports capacity to pursue redevelopments or withstand operating shortfalls while reducing default and refinancing pressure.
Read all positive factors
Seritage (SRG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$142.50M
Dividend YieldN/A
Average Volume (3M)186.01K
Price to Earnings (P/E)―
Beta (1Y)0.74
Revenue Growth-17.76%
EPS Growth44.68%
CountryUS
Employees7
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)-0.11
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 Cap1.01
Enterprise Value/Revenue7.93
Enterprise Value/Gross Profit81.78
Enterprise Value/Ebitda-4.77
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 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. T...
How the Company Makes Money
Seritage generates revenue primarily from (1) rental income and related recoveries from tenants under its lease agreements and (2) gains and proceeds from selling real estate assets. Rental revenue comes from leasing space at its properties to ret...
Seritage Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
50
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.20M | 17.62M | 20.78M | 107.06M | 116.68M |
| Gross Profit | 1.76M | -2.65M | -6.63M | 41.34M | 36.42M |
| EBITDA | -41.51M | -113.67M | -95.66M | 8.44M | 120.56M |
| Net Income | -68.22M | -153.54M | -154.91M | -73.94M | -28.15M |
Balance Sheet | |||||
| Total Assets | 393.78M | 677.77M | 973.86M | 1.84B | 2.41B |
| Cash, Cash Equivalents and Short-Term Investments | 48.09M | 85.21M | 134.00M | 133.48M | 106.60M |
| Total Debt | 47.68M | 240.00M | 367.60M | 1.03B | 1.46B |
| Total Liabilities | 60.98M | 271.97M | 410.70M | 1.12B | 1.57B |
| Stockholders Equity | 331.42M | 404.46M | 561.99M | 720.47M | 687.74M |
Cash Flow | |||||
| Free Cash Flow | -34.90M | -53.55M | -785.97M | -692.07M | -384.12M |
| Operating Cash Flow | -34.90M | -53.55M | -53.06M | -117.92M | -136.00M |
| Investing Cash Flow | 198.47M | 126.87M | 732.91M | 586.08M | 260.71M |
| Financing Cash Flow | -198.99M | -125.31M | -675.09M | -436.97M | -161.21M |
Seritage Technical Analysis
Negative
3.04
Price Trends
2.92
Negative
3.20
Negative
3.44
Negative
Market Momentum
-0.08
Positive
33.83
Neutral
11.43
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 3.04 is above the 20-day moving average (MA) of 2.74, above the 50-day MA of 2.92, and below the 200-day MA of 3.44, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 33.83 is Neutral, neither overbought nor oversold. The STOCH value of 11.43 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 43 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $294.83M | 40.66 | -1.09% | 7.01% | 14.81% | -245.25% | |
63 Neutral | $829.67M | 20.34 | 11.77% | 7.89% | 5.75% | -37.69% | |
63 Neutral | $1.32B | 8.26 | 41.49% | 6.79% | 5.74% | 294.33% | |
62 Neutral | $281.20M | 1.89 | 43.13% | ― | -69.63% | -95.99% | |
43 Neutral | $1.50M | 0.62 | 20.26% | ― | -1.01% | 504.95% | |
42 Neutral | $142.50M | -2.68 | -19.47% | ― | -17.76% | 44.68% |
* Real Estate Sector Average
SRG
Seritage
2.57
-0.06
-2.28%
SITC
SITE Centers
5.36
-0.33
-5.87%
BFS
Saul Centers
33.87
2.82
9.07%
WHLR
Wheeler Real Estate Investment
0.83
-337.28
-99.76%
PINE
Alpine Income Property Trust Inc
19.54
4.69
31.57%
CBL
CBL & Associates Properties
42.68
21.02
97.07%
Seritage Corporate Events
Dividends
Seritage Declares Cash Dividend on Series A Preferred Shares
Positive
Feb 25, 2026
On February 25, 2026, Seritage Growth Properties’ board declared a cash dividend of $0.4375 per share on its 7.00% Series A Cumulative Redeemable Preferred Shares. The payout, scheduled for April 15, 2026 to shareholders of record as of Marc...
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.