Seritage Growth Properties, Inc.

Symbol: SRG
CIK: 1628063
Exchange: NYSE
Founded: 2015 (5 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail
Internally Managed REIT

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Overall Score: 3.0

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day August 14, 2020


Open Price: $12.04
Closing Price: $12.72
Price Change: 0.49 (4.007%)
Lowest Price: $11.93
Highest Price: $13.17

52-Week Low: $5.00
52-Week High: $45.70
52-Week Change: -66.88%

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Dividend of Trading Day August 14, 2020 [Dividends Currently Suspended]


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*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

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Funds From Operations (FFO)


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Key Stats of Trading Day August 14, 2020


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Properties Owned by SRG


Properties Based on REIT's Official Presentation

Properties Types States Countries
225 1 46 1

Please visit REIT’s official webpage for the most up-to-date property list.

SRG Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate


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Dividend History [Dividends Currently Suspended]


Below are the most recent cash dividends paid by SRG. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


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Financial Statements Overview

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Income Statement (Quarterly)

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Cash Flow

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Related Information


Material Source Description
Seritage Growth Taps CFO With Real Estate, Banking Background The Wall Street Journal Online Seritage Growth Properties said Friday that it has hired Agree Realty Corp. executive Brian Dickman as its finance chief, rounding out the management team for the real-estate investment trust recently spun off from Sears Holdings Corp.
Warren Buffett Takes 8% Stake in Sears Spinoff Seritage The Wall Street Journal Online Billionaire investor takes passive stake valued at about $70.5 million in real-estate company

About Seritage Growth Properties, Inc.


Seritage Growth Properties is a publicly traded REIT primarily engaged in releasing and redeveloping its 258 property portfolio into first class multi-tenanted shopping centers. The portfolio contains over 40 million square feet of building space across 49 states and Puerto Rico. Pursuant to a master lease, 230 wholly-owned properties are leased to Sears Holdings and are operated under either the Sears or Kmart brand. The master lease provides Seritage with rights to recapture certain space from Sears Holdings at each property. In addition, Seritage has 50% interests in 28 additional properties through joint venture investments with General Growth Properties (9 properties), Simon Property Group (10 properties), and Macerich (9 properties) that are also master leased to Sears Holdings.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
Rating AFFO & Efficiency Section Avg. Rating
4 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
5 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.8
Rating Leverage Section Avg. Rating
0 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.3
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.3
4 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.0
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
2 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.0
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.4
Rating Properties Section Avg. Rating
0 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.1
0 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.7
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
Rating Market Cap Section Avg. Rating
3.0 Overall REITRating™ Score 6.3

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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