Seritage Growth Properties (SRG)
Real Estate · Retail real estate investment trust · NYSE
A distressed real estate investment trust focused on monetizing a portfolio of retail and mixed-use properties amid significant liquidity and going concern challenges.
What Seritage Growth Properties does
Seritage Growth Properties is a real estate investment trust that acquires, owns, and redevelops retail and mixed-use properties across the United States. The company focuses on creating value through leasing of developed properties, densification of sites, achievement of entitlements, and the eventual sale of its portfolio assets. As of December 31, 2025, the company owns five consolidated properties and additional unconsolidated properties, with a primary objective to monetize its assets through a Plan of Sale.
Themes: ["Real estate investment and sales","Retail property monetization","Mixed-use redevelopment"]
Fundamentals
- Price$2.61 as of 2026-07-10 close
- Market cap$147M as of 2026-07-13
- 1-year return-14.7% as of 2026-07-10 close
- Net margin-487.6% as of 2026-07-13
- Gross margin+8.2% as of 2026-07-13
- ROE-23.1% as of 2026-07-13
- Debt / equity0.16 as of 2026-07-13
- Revenue growth (YoY)-4.8% as of 2026-07-13
- Revenue CAGR (3y)-44.6% SEC XBRL
- Beta2.22 as of 2026-07-13
Dividend: yield +3.3%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Going concern uncertainty—the company faces substantial doubt about its ability to continue operations, with a matured Term Loan Facility due July 31, 2026, and reliance on asset sales for liquidity.","Negative operating cash flow—property rental income did not fully fund obligations in Q1 2026, requiring asset sales and financing to bridge operational shortfalls.","Challenging market conditions including elevated interest rates, limited debt and equity capital availability, and declining asset valuations that may reduce Plan of Sale proceeds."]
Competitors & peers
- Urstadt Biddle Properties (UBA)
- Retail Opportunity Investments Corp (ROIC)
- Whitestone REIT (WSR)
- Ramco-Gershenson Properties (RPT)
Fundamentals: Finnhub, as of 2026-07-13. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.