Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 230 wholly-owned properties and 23 joint venture properties totaling over 39 million square feet of space across 49 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. Pursuant to a master lease, the Company has the right to recapture certain space from Sears Holdings for retenanting or redevelopment purposes. The Company's mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experience for consumers and local communities, and create long-term value for our shareholders.
Industry, Sector and Symbol
Industry Real estate
Sub-IndustryN/A
SectorFinance
SymbolNYSE:SRG
CUSIPN/A
Phone212-355-7800
Debt
Debt-to-Equity Ratio0.96
Current Ratio5.02
Quick Ratio5.02
Price-To-Earnings
Trailing P/E Ratio29.51
Forward P/E Ratio36.76
P/E GrowthN/A
Sales & Book Value
Annual Sales$241.02 million
Price / Sales6.64
Cash Flow$5.3424 per share
Price / Cash8.12
Book Value$35.80 per share
Price / Book1.21
Profitability
EPS (Most Recent Fiscal Year)$1.47
Net Income$-73,750,000.00
Net Margins-19.00%
Return on Equity-3.29%
Return on Assets-1.59%
Miscellaneous
Employees56
Outstanding Shares36,910,000
Seritage Growth Properties Class A (NYSE:SRG) Frequently Asked Questions
What is Seritage Growth Properties Class A's stock symbol?
Seritage Growth Properties Class A trades on the New York Stock Exchange (NYSE) under the ticker symbol "SRG."
How often does Seritage Growth Properties Class A pay dividends? What is the dividend yield for Seritage Growth Properties Class A?
Seritage Growth Properties Class A announced a quarterly dividend on Wednesday, April 25th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.25 per share on Thursday, July 12th. This represents a $1.00 annualized dividend and a yield of 2.31%. The ex-dividend date is Thursday, June 28th. View Seritage Growth Properties Class A's Dividend History.
How were Seritage Growth Properties Class A's earnings last quarter?
Seritage Growth Properties Class A (NYSE:SRG) released its earnings results on Thursday, May, 3rd. The financial services provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.38 by $0.16. The financial services provider earned $37.08 million during the quarter, compared to the consensus estimate of $40.51 million. Seritage Growth Properties Class A had a negative return on equity of 3.29% and a negative net margin of 19.00%. Seritage Growth Properties Class A's revenue was down 24.6% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. View Seritage Growth Properties Class A's Earnings History.
When is Seritage Growth Properties Class A's next earnings date?
What price target have analysts set for SRG?
2 equities research analysts have issued 12 month price objectives for Seritage Growth Properties Class A's shares. Their predictions range from $34.00 to $44.00. On average, they anticipate Seritage Growth Properties Class A's stock price to reach $39.00 in the next year. View Analyst Ratings for Seritage Growth Properties Class A.
What are Wall Street analysts saying about Seritage Growth Properties Class A stock?
Here are some recent quotes from research analysts about Seritage Growth Properties Class A stock:
- 1. According to Zacks Investment Research, "Seritage Growth Properties is a self-administered, self-managed REIT primarily engaged in the real property business through its operating partnership, Seritage Growth Properties, L.P. Seritage Growth Properties is based in HOFFMAN ESTATES, United States. " (5/24/2018)
- 2. Boenning Scattergood analysts commented, "We estimate that the deal would largely bridge our identified potential funding shortfall though proceeds could also simply be used to pay down the outstanding ESL loan. We continue to rate SRG Underperform due to the uncertainties around its biggest tenant Sears as well as the stock’s large relative NAV premium. Key Points: Sources & Uses Update – Following the announced sale of its 50% interest in five Simon Property Group Inc. (SPG-$165.63-Outperform) assets, our last analysis indicated that the company’s funding shortfall declined to approximately $80 million. Our analysis assumes that the ESL facility that officially matures at the end of 2017 is fully utilized and is rolled over indefinitely. The company has raised approximately $140 million of capital this quarter from SPG JV interest sale and preferred equity raise." (12/15/2017)
Who are some of Seritage Growth Properties Class A's key competitors?
Some companies that are related to Seritage Growth Properties Class A include Bellway (BLWYY), Hudson Pacific Properties (HPP), Brookfield Property Partners (BPY), Kennedy-Wilson (KW), Colliers International Group (CIGI), Shanghai Industrial (SGHIY), Urban Edge Properties (UE), FirstService (FSV), Terreno Realty (TRNO), Yangtze River Port and Logistics (YRIV), Gazit Globe (GZT), Five Point (FPH), Government Properties Income Trust (GOV), Getty Realty (GTY) and Forestar Group (FOR).
Who are Seritage Growth Properties Class A's key executives?
Seritage Growth Properties Class A's management team includes the folowing people:
- Mr. Benjamin Schall, Pres, CEO & Trustee (Age 43)
- Mr. Brian Robert Dickman, CFO & Exec. VP (Age 42)
- Ms. Mary Rottler, Exec. VP of Leasing & Operations (Age 41)
- Mr. Matthew E. Fernand, Exec. VP, Gen. Counsel & Sec. (Age 41)
- Mr. James Edwin Bry, Exec. VP of Devel. & Construction (Age 50)
Has Seritage Growth Properties Class A been receiving favorable news coverage?
News headlines about SRG stock have trended somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Seritage Growth Properties Class A earned a media sentiment score of 0.08 on Accern's scale. They also assigned news stories about the financial services provider an impact score of 46.45 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Seritage Growth Properties Class A's major shareholders?
Seritage Growth Properties Class A's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.14%), Eagle Asset Management Inc. (3.80%), BloombergSen Inc. (3.42%), The Manufacturers Life Insurance Company (3.01%), XL Group Investments Ltd (2.22%) and Northern Trust Corp (1.18%). Company insiders that own Seritage Growth Properties Class A stock include Bruce R Berkowitz, Edward S Lampert, John Mcclain, Kenneth T Lombard, Marc Filion, Renã© Lessard, Salle Benoit La and Sharon Osberg. View Institutional Ownership Trends for Seritage Growth Properties Class A.
Which major investors are selling Seritage Growth Properties Class A stock?
SRG stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, TCW Group Inc., JPMorgan Chase & Co., Keeley Teton Advisors LLC, Levin Capital Strategies L.P., Boston Partners, Eagle Asset Management Inc. and BNP Paribas Arbitrage SA. View Insider Buying and Selling for Seritage Growth Properties Class A.
Which major investors are buying Seritage Growth Properties Class A stock?
SRG stock was acquired by a variety of institutional investors in the last quarter, including XL Group Investments Ltd, Knightsbridge Asset Management LLC, BloombergSen Inc., Russell Investments Group Ltd., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Old West Investment Management LLC, Lee Danner & Bass Inc. and The Manufacturers Life Insurance Company. Company insiders that have bought Seritage Growth Properties Class A stock in the last two years include Bruce R Berkowitz, Edward S Lampert, John Mcclain, Kenneth T Lombard, Marc Filion, Renã© Lessard, Salle Benoit La and Sharon Osberg. View Insider Buying and Selling for Seritage Growth Properties Class A.
How do I buy shares of Seritage Growth Properties Class A?
Shares of SRG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Seritage Growth Properties Class A's stock price today?
One share of SRG stock can currently be purchased for approximately $43.38.
How big of a company is Seritage Growth Properties Class A?
Seritage Growth Properties Class A has a market capitalization of $1.60 billion and generates $241.02 million in revenue each year. The financial services provider earns $-73,750,000.00 in net income (profit) each year or $1.47 on an earnings per share basis. Seritage Growth Properties Class A employs 56 workers across the globe.
How can I contact Seritage Growth Properties Class A?
Seritage Growth Properties Class A's mailing address is 500 FIFTH AVENUE SUITE 1530, NEW YORK NY, 10110. The financial services provider can be reached via phone at 212-355-7800 or via email at [email protected]
MarketBeat Community Rating for Seritage Growth Properties Class A (SRG)
MarketBeat's community ratings are surveys of what our community members think about Seritage Growth Properties Class A and other stocks. Vote "Outperform" if you believe SRG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SRG will underperform the S&P 500 over the long term. You may vote once every thirty days.
