SRG: Seritage Growth Properties Financial Statements
Balance sheet, income statement, and cash flow statements for Seritage Growth Properties (SRG).
$231.83M Market Cap.
SRG Market Cap. (MRY)
SRG Shares Outstanding (MRY)
SRG Assets (MRY)
Total Assets
$677.77M
Total Liabilities
$271.97M
Total Investments
$189.70M
SRG Income (MRY)
Revenue
$17.62M
Net Income
-$153.54M
Operating Expense
$48.87M
SRG Cash Flow (MRY)
CF Operations
-$53.55M
CF Investing
$126.87M
CF Financing
-$125.31M
SRG Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $677,774,000 (-30.40%) | $973,864,000 (-47.12%) | $1,841,721,000 (-23.71%) | $2,414,138,000 (-8.86%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $1,047,000 (18.17%) | $886,000 (-50.53%) | $1,791,000 (-87.91%) | $14,817,000 (-20.32%) |
Shareholders Equity | $404,456,000 (-28.03%) | $561,990,000 (-22.00%) | $720,469,000 (4.76%) | $687,741,000 (5.96%) |
Property Plant & Equipment Net | $358,634,000 (-38.77%) | $585,674,000 (-52.00%) | $1,220,040,000 (-28.07%) | $1,696,111,000 (-11.33%) |
Cash & Equivalents | $97,709,000 (-34.73%) | $149,700,000 (3.28%) | $144,939,000 (27.42%) | $113,753,000 (-24.29%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $189,699,000 (-3.43%) | $196,437,000 (-48.66%) | $382,597,000 (-23.26%) | $498,563,000 (9.09%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $7,894,000 (-35.54%) | $12,246,000 (-70.49%) | $41,495,000 (42.54%) | $29,111,000 (-37.49%) |
Trade & Non-Trade Payables | $31,971,000 (-36.94%) | $50,700,000 (-43.27%) | $89,368,000 (-18.30%) | $109,379,000 (-25.53%) |
Accumulated Retained Earnings (Deficit) | -$958,778,000 (-19.80%) | -$800,342,000 (-24.95%) | -$640,531,000 (-15.67%) | -$553,771,000 (-4.75%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $240,000,000 (-33.33%) | $360,000,000 (-65.04%) | $1,029,754,000 (-29.47%) | $1,459,959,000 (-9.84%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $271,971,000 (-33.78%) | $410,700,000 (-63.30%) | $1,119,122,000 (-28.69%) | $1,569,338,000 (-11.15%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
SRG Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $17,622,000 (-15.19%) | $20,779,000 (-80.59%) | $107,055,000 (-8.25%) | $116,683,000 (0.16%) |
Cost of Revenue | $20,274,000 (-26.03%) | $27,410,000 (-58.29%) | $65,720,000 (-18.12%) | $80,263,000 (2.99%) |
Selling General & Administrative Expense | $30,021,000 (-34.72%) | $45,988,000 (-3.46%) | $47,634,000 (13.55%) | $41,949,000 (45.41%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $48,871,000 (-19.17%) | $60,459,000 (-51.35%) | $124,281,000 (33.42%) | $93,148,000 (-25.39%) |
Interest Expense | $24,972,000 (-43.97%) | $44,571,000 (-48.61%) | $86,730,000 (-19.68%) | $107,975,000 (18.24%) |
Income Tax Expense | $1,584,000 (4068.42%) | $38,000 (-91.85%) | $466,000 (137.76%) | $196,000 (-22.22%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$153,536,000 (0.89%) | -$154,911,000 (-28.99%) | -$120,097,000 (-208.06%) | -$38,985,000 (74.51%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | -$46,152,000 (-325.91%) | -$10,836,000 (77.40%) |
Net Income | -$153,536,000 (0.89%) | -$154,911,000 (-109.49%) | -$73,945,000 (-162.69%) | -$28,149,000 (73.20%) |
Preferred Dividends Income Statement Impact | $4,900,000 (0.00%) | $4,900,000 (0.00%) | $4,900,000 (0.00%) | $4,900,000 (0.00%) |
Net Income Common Stock | -$158,436,000 (0.86%) | -$159,811,000 (-102.69%) | -$78,845,000 (-138.57%) | -$33,049,000 (69.94%) |
Weighted Average Shares | $56,255,000 (0.19%) | $56,151,000 (12.91%) | $49,729,000 (17.30%) | $42,393,000 (10.69%) |
Weighted Average Shares Diluted | $56,255,000 (0.19%) | $56,151,000 (12.91%) | $49,729,000 (17.30%) | $42,393,000 (10.69%) |
Earning Before Interest & Taxes (EBIT) | -$126,980,000 (-15.12%) | -$110,302,000 (-932.41%) | $13,251,000 (-83.44%) | $80,022,000 (694.61%) |
Gross Profit | -$2,652,000 (60.01%) | -$6,631,000 (-116.04%) | $41,335,000 (13.50%) | $36,420,000 (-5.56%) |
Operating Income | -$51,523,000 (23.20%) | -$67,090,000 (19.12%) | -$82,946,000 (-46.22%) | -$56,728,000 (34.25%) |
SRG Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | $126,870,000 (-82.69%) | $732,911,000 (25.05%) | $586,079,000 (124.80%) | $260,707,000 (508.16%) |
Net Cash Flow from Financing | -$125,313,000 (81.44%) | -$675,089,000 (-54.49%) | -$436,970,000 (-171.05%) | -$161,212,000 (-1144.12%) |
Net Cash Flow from Operations | -$53,548,000 (-0.92%) | -$53,061,000 (55.00%) | -$117,923,000 (13.29%) | -$135,996,000 (-187.43%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$51,991,000 (-1192.02%) | $4,761,000 (-84.73%) | $31,186,000 (185.44%) | -$36,501,000 (-432.01%) |
Net Cash Flow - Business Acquisitions and Disposals | -$1,303,000 (-100.94%) | $139,183,000 (230.77%) | $42,079,000 (261.47%) | -$26,060,000 (38.23%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Issuance (Repayment) of Debt Securities | -$120,000,000 (82.09%) | -$670,000,000 (-55.07%) | -$432,070,000 (-170.04%) | -$160,000,000 (-883.35%) |
Issuance (Purchase) of Equity Shares | -$586,000 (-86.03%) | -$315,000 (0%) | $0 (0%) | -$269,000 (-216.47%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $1,488,000 (-45.59%) | $2,735,000 (-1.16%) | $2,767,000 (49.08%) | $1,856,000 (161.15%) |
Depreciation Amortization & Accretion | $13,737,000 (-5.07%) | $14,471,000 (-64.80%) | $41,114,000 (-19.70%) | $51,199,000 (-46.67%) |
SRG Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | -15.00% (52.98%) | -31.90% (-182.64%) | 38.60% (23.72%) | 31.20% (-5.74%) |
Profit Margin | -899.10% (-16.90%) | -769.10% (-944.97%) | -73.60% (-160.07%) | -28.30% (70.02%) |
EBITDA Margin | -642.60% (-39.33%) | -461.20% (-1007.87%) | 50.80% (-54.84%) | 112.50% (58.67%) |
Return on Average Equity (ROAE) | -35.10% (-28.57%) | -27.30% (-116.67%) | -12.60% (-147.06%) | -5.10% (67.31%) |
Return on Average Assets (ROAA) | -20.50% (-49.64%) | -13.70% (-270.27%) | -3.70% (-184.62%) | -1.30% (67.50%) |
Return on Sales (ROS) | -720.60% (-35.76%) | -530.80% (-4380.65%) | 12.40% (-81.92%) | 68.60% (691.38%) |
Return on Invested Capital (ROIC) | -13.40% (-88.73%) | -7.10% (-1875.00%) | 0.40% (-80.00%) | 2.00% (766.67%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -1.46 (55.47%) | -3.28 (55.90%) | -7.44 (56.27%) | -17.01 (-232.61%) |
Price to Sales Ratio (P/S) | 13.15 (-47.95%) | 25.27 (359.80%) | 5.5 (13.98%) | 4.82 (-0.10%) |
Price to Book Ratio (P/B) | 0.57 (-38.72%) | 0.94 (1.63%) | 0.92 (9.26%) | 0.84 (-3.66%) |
Debt to Equity Ratio (D/E) | 0.67 (-8.07%) | 0.73 (-52.93%) | 1.55 (-31.95%) | 2.28 (-16.13%) |
Earnings Per Share (EPS) | -2.82 (1.05%) | -2.85 (-79.25%) | -1.59 (-103.85%) | -0.78 (72.82%) |
Sales Per Share (SPS) | 0.31 (-15.41%) | 0.37 (-82.81%) | 2.15 (-21.77%) | 2.75 (-9.53%) |
Free Cash Flow Per Share (FCFPS) | -0.95 (-0.74%) | -0.94 (60.14%) | -2.37 (26.09%) | -3.21 (-159.76%) |
Book Value Per Share (BVPS) | 7.19 (-28.16%) | 10.01 (-30.92%) | 14.49 (-10.69%) | 16.22 (-4.27%) |
Tangible Assets Book Value Per Share (TABVPS) | 12.03 (-30.57%) | 17.33 (-53.17%) | 37 (-34.63%) | 56.6 (-17.59%) |
Enterprise Value Over EBIT (EV/EBIT) | -3 (57.14%) | -7 (-105.19%) | 135 (440.00%) | 25 (116.34%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -3.65 (56.82%) | -8.46 (-125.66%) | 32.96 (112.20%) | 15.53 (-37.93%) |
Asset Turnover | 0.02 (27.78%) | 0.02 (-64.71%) | 0.05 (8.51%) | 0.05 (9.30%) |
Current Ratio | - | - | - | - |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$53,548,000 (-0.92%) | -$53,061,000 (55.00%) | -$117,923,000 (13.29%) | -$135,996,000 (-187.43%) |
Enterprise Value (EV) | $413,613,466 (-48.97%) | $810,485,677 (-54.77%) | $1,791,923,067 (-12.09%) | $2,038,298,948 (-1.32%) |
Earnings Before Tax (EBT) | -$151,952,000 (1.89%) | -$154,873,000 (-110.77%) | -$73,479,000 (-162.87%) | -$27,953,000 (73.32%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$113,243,000 (-18.17%) | -$95,831,000 (-276.27%) | $54,365,000 (-58.57%) | $131,221,000 (58.98%) |
Invested Capital | $819,018,000 (-30.78%) | $1,183,278,000 (-56.57%) | $2,724,745,000 (-27.25%) | $3,745,527,000 (-8.63%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $676,727,000 (-30.45%) | $972,978,000 (-47.12%) | $1,839,930,000 (-23.31%) | $2,399,321,000 (-8.78%) |
Market Capitalization | $231,825,466 (-55.87%) | $525,333,677 (-20.75%) | $662,863,067 (14.49%) | $578,987,948 (2.06%) |
Average Equity | $451,216,500 (-22.83%) | $584,676,000 (-6.72%) | $626,820,000 (-3.03%) | $646,392,250 (-8.00%) |
Average Assets | $771,420,500 (-33.99%) | $1,168,623,500 (-44.81%) | $2,117,383,250 (-15.51%) | $2,505,938,250 (-8.34%) |
Invested Capital Average | $946,488,250 (-39.38%) | $1,561,252,250 (-52.53%) | $3,289,072,000 (-16.26%) | $3,927,898,250 (-6.51%) |
Shares | 56,268,317 (0.15%) | 56,185,420 (0.27%) | 56,032,381 (28.42%) | 43,631,345 (12.90%) |
