Seritage Growth Properties - Class A logo

SRG

Seritage Growth Properties - Class A

$13.65

Earnings Summary

Revenue
$30.91Mn
Net Profits
$-53.43Mn
Net Profit Margins
-172.88%

Highlights

Revenue:

Seritage Growth Properties - Class A’s revenue fell -1.2% since last year same period to $30.91Mn in the Q1 2022. On a quarterly growth basis, Seritage Growth Properties - Class A has generated 8.34% jump in its revenue since last 3-months.

Net Profits:

Seritage Growth Properties - Class A’s net profit fell -592.1% since last year same period to $-53.43Mn in the Q1 2022. On a quarterly growth basis, Seritage Growth Properties - Class A has generated -157.08% fall in its net profits since last 3-months.

Net Profit Margins:

Seritage Growth Properties - Class A’s net profit margin fell -600.52% since last year same period to -172.88% in the Q1 2022. On a quarterly growth basis, Seritage Growth Properties - Class A has generated -152.69% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Seritage Growth Properties - Class A post its latest quarter earnings

EPS Estimate Current Quarter
-0.01
EPS Estimate Current Year
-0.01

Highlights

EPS Estimate Current Quarter:

Seritage Growth Properties - Class A’s earning per share (EPS) estimates for the current quarter stand at -0.01 - a 0% jump from last quarter’s estimates.

EPS Estimate Current Year:

Seritage Growth Properties - Class A’s earning per share (EPS) estimates for the current year stand at -0.01.

Key Ratios

Key ratios of the Seritage Growth Properties - Class A post its Q1 2022 earnings

Earning Per Share (EPS)
-1.22
Return on Assets (ROA)
-0.01
Return on Equity (ROE)
-0.2
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Seritage Growth Properties - Class A’s earning per share (EPS) fell -100.74% since last year same period to -1.22 in the Q1 2022. This indicates that the Seritage Growth Properties - Class A has generated -100.74% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Seritage Growth Properties - Class A’s return on assets (ROA) stands at -0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Seritage Growth Properties - Class A’s return on equity (ROE) stands at -0.2.

Dividend Per Share (DPS):

Seritage Growth Properties - Class A declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2018-08-03
-0.01
-0.01
0%
2019-03-01
-0.01
-0.09
-800%
2018-11-02
-0.01
0.13
1357%
2018-05-04
-0.01
0.12
1300%

Company Information

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 158 wholly-owned properties and 25 unconsolidated properties totaling approximately 26.5 million square feet of space across 41 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015. The Company's mission is to create long-term value for shareholders by realizing the value of the Company's portfolio through re-leasing, redevelopment, formation of strategic partnerships or other bespoke solutions.

Organisation
Seritage Growth Properties - Class A
Headquarters
New York, New York, US
Employees
61
Industry
Finance
CEO
Benjamin Schall