SRG-PA Real Estate

Seritage Growth Properties

$20.45+0.79%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Real Estate
Industry: Real Estate Services
Country: United States
Enterprise value: 1.2B USD
Full-time employees: 5

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity
Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 2.19 vs a peer median of 0.75)bigger price swings (beta 2.19 vs peers 0.75)

Ranks #566 of 632 real estate companies (bottom 11%)

See how it ranks against its peers

Worth knowing

Not profitable yet. Reported a loss in the 12 months to June 2026.
Seritage Growth Properties reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Revenue is falling. Revenue fell 24% in the 12 months to June 2026 vs the 12 months before.
Seritage Growth Properties's revenue fell 24% in the 12 months to June 2026 vs the 12 months before.
More volatile share price. Beta 2.19: tends to move more than the market.
Seritage Growth Properties's shares have swung more with the market than most peers' (beta 2.19, above the market's 1.0).

StockQuotient Score

26/ 100

Oct 5 26 → Nov 4 26

Valuation

Is the price right?

0/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-4.7%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.10Sector median: 0.0535 · MAD: 0.0484

EBITDA yield-1.7%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -2.62Sector median: 0.0536 · MAD: 0.0204

Free cash flow yieldUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield25.4%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

13/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 17.8%

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Still loss-making, but the loss per share narrowed33% base weight · Z-score 0.28Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth-37.6%

SEC filings · 3 years to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.69Sector median: 0.0378 · MAD: 0.0744

Revenue growth-23.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.88Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-200.3%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.01Sector median: 0.2683 · MAD: 0.2257

Return on assets-15.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.97Sector median: 0.0211 · MAD: 0.0134

Return on invested capital-962.0%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsOutlier capped at sector 5th/95th percentile33% base weight · Z-score -6.61Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin7.4%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity-18.5%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta2.19

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -2.65Sector median: 0.7490 · MAD: 0.3270

Current ratio6.17×

Yahoo Finance fallback · SEC figure unavailable or out of dateOutlier capped at sector 5th/95th percentile33% base weight · Z-score 6.31Sector median: 1.1950 · MAD: 0.7210

Debt / equity0.17×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 1.62Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Seritage Growth Properties

Is Seritage Growth Properties getting weaker?: Its latest SEC filing (Aug 14, 2026) got weaker in some ways: 12-month revenue fell 17.8%. Its overall score is unchanged at 26/100 since Oct 28, 2026.
How is Seritage Growth Properties valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 0/100 against 762 real estate peers. Earnings yield -4.7% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -4.7% vs peers 5.3% (weaker than 100% of peers).
Is Seritage Growth Properties growing?: More slowly than most of its peers. Growth scores 13/100 against 762 real estate peers. 3-year revenue growth -37.6% vs a peer median of 3.8% (weaker than 100% of peers).3-year revenue growth -37.6% vs peers 3.8% (weaker than 100% of peers).
How profitable is Seritage Growth Properties?: Less profitable than most of its peers. Profitability scores 0/100 against 762 real estate peers. Operating margin -200.3% vs a peer median of 26.8% (weaker than 100% of peers).Operating margin -200.3% vs peers 26.8% (weaker than 100% of peers).
How risky is Seritage Growth Properties?: Lower risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 6.17× vs a peer median of 1.20× (stronger than 95% of peers).Current ratio 6.17× vs peers 1.20× (stronger than 95% of peers). Beta 2.19 vs a peer median of 0.75 (weaker than 100% of peers).Beta 2.19 vs peers 0.75 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 14, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

12-month revenue fell 17.8%

Worth watching: Seritage Growth Properties is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	15.7M USD	12.9M USD	−17.8%
Net income (12 months)	−76.3M USD	−54.0M USD	−29.3%
Cash	44.5M USD	48.4M USD	+8.8%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few Real Estate Services companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	-24.1%	-69.1%	-745.5%	-871.3%	-374.7%	▲ 497 pts
Return on assets (ROA)	-1.2%	-4.0%	-15.9%	-22.7%	-17.3%	▲ 5.3 pts
Return on equity (ROE)	-4.1%	-10.3%	-27.6%	-38.0%	-20.6%	▲ 17 pts

SRG-PA price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Dear Life Co.,Ltd.3245.T95/ 100

Sakura Development Co.,Ltd2539.TW94/ 100

Millrose Properties, Inc.MRP94/ 100

Bringing the fundamentals into focus…

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 2.19 vs a peer median of 0.75)bigger price swings (beta 2.19 vs peers 0.75)

Ranks #566 of 632 real estate companies (bottom 11%)

See how it ranks against its peers

Worth knowing

Not profitable yet. Reported a loss in the 12 months to June 2026.

Seritage Growth Properties reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Revenue is falling. Revenue fell 24% in the 12 months to June 2026 vs the 12 months before.

Seritage Growth Properties's revenue fell 24% in the 12 months to June 2026 vs the 12 months before.

More volatile share price. Beta 2.19: tends to move more than the market.

Seritage Growth Properties's shares have swung more with the market than most peers' (beta 2.19, above the market's 1.0).

Questions investors ask about Seritage Growth Properties

Is Seritage Growth Properties getting weaker?

Its latest SEC filing (Aug 14, 2026) got weaker in some ways: 12-month revenue fell 17.8%. Its overall score is unchanged at 26/100 since Oct 28, 2026.

How is Seritage Growth Properties valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 0/100 against 762 real estate peers. Earnings yield -4.7% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -4.7% vs peers 5.3% (weaker than 100% of peers).

Is Seritage Growth Properties growing?

More slowly than most of its peers. Growth scores 13/100 against 762 real estate peers. 3-year revenue growth -37.6% vs a peer median of 3.8% (weaker than 100% of peers).3-year revenue growth -37.6% vs peers 3.8% (weaker than 100% of peers).

How profitable is Seritage Growth Properties?

Less profitable than most of its peers. Profitability scores 0/100 against 762 real estate peers. Operating margin -200.3% vs a peer median of 26.8% (weaker than 100% of peers).Operating margin -200.3% vs peers 26.8% (weaker than 100% of peers).

How risky is Seritage Growth Properties?

Lower risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 6.17× vs a peer median of 1.20× (stronger than 95% of peers).Current ratio 6.17× vs peers 1.20× (stronger than 95% of peers). Beta 2.19 vs a peer median of 0.75 (weaker than 100% of peers).Beta 2.19 vs peers 0.75 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

15.7M USD

12.9M USD

−17.8%

Net income (12 months)

−76.3M USD

−54.0M USD

−29.3%

Cash

44.5M USD

48.4M USD

+8.8%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

-24.1%

-69.1%

-745.5%

-871.3%

-374.7%

▲ 497 pts

Return on assets (ROA)

-1.2%

-4.0%

-15.9%

-22.7%

-17.3%

▲ 5.3 pts

Return on equity (ROE)

-4.1%

-10.3%

-27.6%

-38.0%

-20.6%

▲ 17 pts