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Companies / Real Estate / Seritage Growth Properties
SRG

Seritage Growth Properties

Real EstateReal Estate
Ticker SRGNEW YORK, NYFiscal year ends DecemberBook value per share $5.19Diluted shares 56.3M

Seritage Growth Properties (NYSE: SRG) is a real estate investment company focused on the ownership, development, redevelopment, management, sale and leasing of retail and mixed-use properties throughout the United States. The company operates through its primary operating entity, Seritage Growth Properties, L.P., a… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$18.20M
+3.3% year over year
Last 12 mo $12.88M
-200.32%
+92.1 percentage points
Last 12 mo -171.96%
$-68.22M
+55.6% year over year
Last 12 mo $-53.95M
-14.91%
+1.6 percentage points
Last 12 mo -18.46%
Cash & financing
$-34.90M
+34.8% year over year
Last 12 mo $-20.96M
$-34.90M
+34.8% year over year
Last 12 mo $-20.96M
0.14
Was 0.59× a year earlier
Last 12 mo 0.17
56.3M
+0.1% year over year
Last 12 mo 56.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Seritage Growth Properties does

In the company’s own words

Seritage Growth Properties (NYSE: SRG) is a real estate investment company focused on the ownership, development, redevelopment, management, sale and leasing of retail and mixed-use properties throughout the United States. The company operates through its primary operating entity, Seritage Growth Properties, L.P., a Delaware limited partnership. More information about the company is available at www.seritage.com.

The company was formed in June 2015 to acquire certain owned properties and joint venture interests from Sears Holdings Corporation, which were simultaneously leased back under master lease agreements. Following Sears Holdings' bankruptcy filing in October 2018, Seritage entered into a master lease with Transform Holdco LLC covering 51 consolidated properties. Since March 2021, the company has not leased properties to Sears Holdings or its successors.

As of December 31, 2025, Seritage's portfolio consisted of interests in ten properties comprising approximately 0.8 million square feet of gross leasable area and 156 acres of land. The portfolio includes five consolidated properties representing approximately 0.3 million square feet and 71 acres, and five unconsolidated properties representing approximately 0.5 million square feet and 85 acres. The portfolio is diversified across six states, with two tenants comprising 43.5 percent and 32.1 percent respectively of annualized base rent.

In March 2022, Seritage's board of trustees commenced a review of strategic alternatives to enhance shareholder value. In October 2022, shareholders approved the Plan of Sale, which authorizes the board to sell all company assets, distribute net proceeds to shareholders, and dissolve the company. The company revoked its REIT election effective January 1, 2022, becoming a taxable C Corporation, which provides greater flexibility in utilizing free cash flow.

As of December 31, 2025, Seritage had five full-time employees located primarily in the United States. The company faces challenging market conditions including elevated interest rates, limited availability of debt and equity capital, and downward pricing pressures on real estate assets. Outstanding indebtedness totaled $50.0 million as of year-end 2025, with a maturity date of July 31, 2026.

Company details
Sector
Real Estate
Industry
Real Estate
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1628063
SIC
6500

Financial performance, year by year

Fiscal 2016–2025 · USD
$-195.27M$-74.19M$46.88M$167.96M$289.03M2016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Seritage Growth Properties — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

38
funds hold it
0 of 35
superinvestors hold it
$19.16M
held by funds, at market
13.1%
of shares held by funds

Largest fund holders · Seritage Growth Properties’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
0.01%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Hotchkis and Wiley Small Cap Value Fund
HWSIX · HOTCHKIS & WILEY FUNDS
0.33%of fund net assets
American Beacon Small Cap Value Fund
AVFIX · AMERICAN BEACON FUNDS
0.06%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Seritage Growth Properties and its peers compare on margins and cash generation over ten years?”
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