Seritage Growth Properties (SRG) Stock

Seritage Growth Properties (SRG) is a Real Estate stock trading at $2.12 (as of 2026-08-24), with a market capitalization of $119.13M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Seritage Growth Properties is a publicly traded, self-managed real estate investment trust that owns 166 wholly owned properties and has interests in 29 unconsolidated properties, totaling about 30.4 million square feet across 44 states and Puerto Rico. It operates a retail-focused portfolio, owning properties acquired from Sears Holdings in 2015.

Understand Seritage Growth Properties: how it makes money

Seritage Growth Properties owns and self-manages a large portfolio of retail and mixed-use properties, generating income primarily by leasing space to multi-tenant retailers and other tenant uses.

The profit engine is turning a retail real estate portfolio into recurring rental income by keeping multi-tenant retail occupancy high and executing new leases (supported by a leasing pipeline).

Business quality (Weak): The company discloses multiple operating leasing and occupancy metrics for its multi-tenant retail portfolio, which helps track the rental income drivers. However, the provided financial snapshot shows a very large negative operating margin, and there is no segment revenue breakdown in the supplied data.

Bull case

  • High multi-tenant retail occupancy: Multi-Tenant Retail Occupancy Percentage is 92.0 percent in the latest quarter reported in the provided data.
  • Leasing activity supports rental income stability: Multi-Tenant Retail Leases Executed During the Period is 141000.0, with Multi-Tenant Retail Leasing Pipeline Square Feet of 102000.0 available to support future leasing.

Bear case

  • Operating losses in the latest provided period: The latest quarter shown has an operating_margin_pct of -1478.9, which indicates weak profitability versus revenue in that snapshot.
  • Performance depends on continuous leasing: The disclosed operating metrics emphasize occupancy and leasing execution, so tenant demand and leasing execution risk can directly affect results.
Valuation — source: SEC EDGAR (first-party)
Price$2.12
Market Cap$119.13M
Price / Book0.41
Price / Sales9.25
DCF Value (model)$5.91
DCF Upside vs Price179.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$18.20M
Net Margin-374.7%
Revenue Growth (YoY)-59.7%
EPS Growth (YoY)-75.5%
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.3
Industry P/E (Real Estate)29.6
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($31.52M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryReal Estate
CEOAdam Metz
Employees7
CountryUS
IPO Date2015-07-06

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SRG earnings history · SRG institutional & insider holders · SRG KPIs & operating metrics · SRG financials · SRG investor presentations & press releases · SRG SEC filings · SRG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.