Seritage (SRG)
NYSE:SRG
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Seritage
(NYSE:SRG)
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Rating:46Neutral
Price Target:
$2.50
▼(-17.76% Downside)
Action:Reiterated
Date:06/12/26
The score is primarily held down by weak financial performance (large ongoing losses, declining TTM revenue, and negative operating/free cash flow). Technicals are neutral and provide limited support, while valuation remains unattractive due to a negative P/E. Corporate events are mixed, with potential asset-monetization upside but notable governance and execution risks.
Positive Factors
Improved Balance Sheet
Trailing‑twelve‑month zero reported debt and sizable equity reduce leverage risk and give management financial optionality. A stronger balance sheet supports redevelopments, asset sales timing, and resilience to volatility, improving capacity to pursue long‑dated monetization plans.
Negative Factors
Negative Cash Generation
Sustained negative operating and free cash flow erodes financial flexibility and forces reliance on asset sales or external capital to fund operations and redevelopments. Persistent cash burn constrains reinvestment in properties and prolongs dependence on monetization events to stabilize liquidity.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance Sheet
Trailing‑twelve‑month zero reported debt and sizable equity reduce leverage risk and give management financial optionality. A stronger balance sheet supports redevelopments, asset sales timing, and resilience to volatility, improving capacity to pursue long‑dated monetization plans.
Read all positive factors
Seritage (SRG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$149.82M
Dividend YieldN/A
Average Volume (3M)186.01K
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue Growth-5.08%
EPS Growth49.80%
CountryUS
Employees7
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)-1.45
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 Cap1.02
Enterprise Value/Revenue9.84
Enterprise Value/Gross Profit317.94
Enterprise Value/Ebitda-3.64
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 functions as a publicly traded Real Estate Investment Trust (REIT) that independently manages its operations and extensive property holdings. Its portfolio includes 166 fully owned assets and an interest in 29 unconsolid...
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
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2026 | 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
Neutral
3.04
Price Trends
2.62
Positive
2.78
Negative
3.30
Negative
Market Momentum
0.01
Positive
50.59
Neutral
32.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SRG, the sentiment is Neutral. The current price of 3.04 is above the 20-day moving average (MA) of 2.66, above the 50-day MA of 2.62, and below the 200-day MA of 3.30, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 50.59 is Neutral, neither overbought nor oversold. The STOCH value of 32.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.47B | 8.24 | 49.14% | 6.79% | 10.29% | 160.54% | |
67 Neutral | $884.02M | 23.67 | 11.80% | 7.89% | 8.31% | -28.42% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
55 Neutral | $250.31M | 1.42 | 47.95% | ― | -67.13% | -68.06% | |
54 Neutral | $316.12M | 420.61 | 0.27% | 7.01% | 19.95% | -181.87% | |
46 Neutral | $149.82M | -1.93 | -23.49% | ― | -5.08% | 49.80% | |
45 Neutral | $1.90M | 0.21 | 20.26% | ― | -4.01% | 99.98% |
* Real Estate Sector Average
SRG
Seritage
2.66
-0.34
-11.33%
SITC
SITE Centers
4.77
-1.54
-24.44%
BFS
Saul Centers
36.03
3.23
9.86%
WHLR
Wheeler Real Estate Investment
3.47
-2,311.33
-99.85%
PINE
Alpine Income Property Trust Inc
19.13
4.84
33.91%
CBL
CBL & Associates Properties
47.40
23.20
95.88%
Seritage Corporate Events
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,...
Dividends
Seritage Declares Quarterly Dividend on Series A Preferred Shares
Positive
Apr 20, 2026
On April 20, 2026, the Board of Trustees of Seritage Growth Properties declared a cash dividend of $0.4375 per share on its 7.00% Series A Cumulative Redeemable Preferred Shares. The dividend, scheduled to be paid on July 15, 2026 to shareholders ...
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.