Seritage Growth Properties SRG
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 unconsolidated properties, collectively spanning roughly 30.4 million square feet throughout 44 states and Puerto Rico. The company was established in July 2015 with the initial purpose of extracting the inherent real estate value from a high-quality retail portfolio it acquired from Sears Holdings. Today, Seritage's central objective is to develop and own vibrant shopping, dining, entertainment, and mixed-use locations designed to offer enhanced experiences for both consumers and their local communities, thereby fostering enduring value for its investors.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-15) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $18.20M | $-68.22M | $6.43M | $-41.51M | $-34.90M |
| 2024 | $17.62M | $-153.54M | $13.31M | $-113.67M | $-53.55M |
| 2023 | $20.78M | $-154.91M | $14.65M | $-95.66M | $-53.06M |
| 2022 | $107.06M | $-73.94M | $41.34M | $8.44M | $-117.92M |
| 2021 | $116.68M | $-28.15M | $51.38M | $120.56M | $-136.00M |
| 2020 | $116.50M | $-105.03M | $96.00M | $34.60M | $-47.31M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2019-03-28 | 2019-03-29 | 2019-04-11 | 2019-02-25 | $0.25 | Quarterly |
| 2018-12-28 | 2018-12-31 | 2019-01-10 | 2018-10-23 | $0.25 | Quarterly |
| 2018-09-27 | 2018-09-28 | 2018-10-11 | 2018-07-24 | $0.25 | Quarterly |
| 2018-06-28 | 2018-06-29 | 2018-07-12 | 2018-04-25 | $0.25 | Quarterly |
| 2018-03-28 | 2018-03-30 | 2018-04-12 | 2018-02-20 | $0.25 | Quarterly |
| 2017-12-28 | 2017-12-29 | 2018-01-11 | 2017-10-24 | $0.25 | Quarterly |
| 2017-09-28 | 2017-09-29 | 2017-10-12 | 2017-07-26 | $0.25 | Quarterly |
| 2017-06-28 | 2017-06-30 | 2017-07-13 | 2017-04-28 | $0.25 | Quarterly |
| 2017-03-29 | 2017-03-31 | 2017-04-13 | 2017-02-28 | $0.25 | Quarterly |
| 2016-12-28 | 2016-12-31 | 2017-01-12 | 2016-11-01 | $0.25 | Quarterly |
| 2016-09-28 | 2016-09-30 | 2016-10-13 | 2016-08-02 | $0.25 | Quarterly |
| 2016-06-28 | 2016-06-30 | 2016-07-14 | 2016-05-04 | $0.25 | Quarterly |
| 2016-03-29 | 2016-03-31 | 2016-04-14 | 2016-03-08 | $0.25 | Quarterly |
| 2015-12-29 | 2015-12-31 | 2016-01-14 | 2015-12-18 | $0.50 | Quarterly |
Coverage (payout of operating cash flow): —. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.