seritage growth properties (nyse: srg) is a publicly traded real estate investment trust headquartered in new york city. the company’s portfolio of 266 properties, consisting of approximately 42 million square feet of retail space is broadly diversified across 49 states and puerto rico. the majority of our properties are master leased to sears holdings and are operated under either the sears or k-mart brand. a number of our properties are leased to leading national retailers such as nordstrom rack, wal-mart and dicks sporting goods. seritage is uniquely positioned to re-tenant and redevelop our portfolio of prime real estate into first class multi-tenant shopping centers. employment our portfolio and platform present a unique opportunity for growth both as a company and individually. we are seeking experienced, energetic and innovative professionals to join our dynamic and growing team as we embark on the re-tenanting and redevelopment of our properties to their highest and best use. w
Company profile
Ticker
SRG
Exchange
Website
CEO
Benjamin Schall
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Seritage Growth Properties, L.P. • Seritage SRC Finance LLC • Seritage KMT Finance LLC • Seritage SRC Mezzanine Finance LLC • Seritage KMT Mezzanine Finance LLC • Seritage Management LLC • Seritage GS Holdings LLC • Seritage SPS Holdings LLC • Seritage MS Holdings LLC • Seritage GS Holdings ...
SRG stock data
Latest filings (excl ownership)
8-K
Seritage Growth Properties Makes $30 Million Loan Prepayment
24 Apr 24
ARS
2023 FY
Annual report to shareholders
23 Apr 24
DEFA14A
Additional proxy soliciting materials
23 Apr 24
DEF 14A
Definitive proxy
23 Apr 24
10-K
2023 FY
Annual report
1 Apr 24
NT 10-K
Notice of late annual filing
15 Mar 24
8-K
Other Events
1 Mar 24
8-K
Seritage Growth Properties Makes $30 Million Loan Prepayment
30 Jan 24
8-K
Departure of Directors or Certain Officers
3 Jan 24
10-Q
2023 Q2
Quarterly report
8 Nov 23
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 114.85 mm | 114.85 mm | 114.85 mm | 114.85 mm | 114.85 mm | 114.85 mm |
Cash burn (monthly) | 7.64 mm | 2.14 mm | 271.00 k | 5.49 mm | 3.50 mm | 7.20 mm |
Cash used (since last report) | 52.47 mm | 14.74 mm | 1.86 mm | 37.76 mm | 24.04 mm | 49.48 mm |
Cash remaining | 62.37 mm | 100.11 mm | 112.99 mm | 77.09 mm | 90.81 mm | 65.37 mm |
Runway (months of cash) | 8.2 | 46.7 | 416.9 | 14.0 | 26.0 | 9.1 |
Institutional ownership, Q3 2023
4.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 1 |
Closed positions | 95 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 17.37 mm |
Total shares | 2.27 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Sanda Par Olof | 2.16 mm | $16.53 mm |
Yakira Capital Management | 111.85 k | $840.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Apr 24 | Ursa Fund Partners | Preferred Stock | Buy | Dispose P | Yes | No | 23.6772 | 60,000 | 1.42 mm | 279,843 |
1 Apr 24 | Lampert Edward S | Class A Common Shares | Sell | Dispose S | No | No | 9.7559 | 25,655 | 250.29 k | 13,484,162 |
5 Mar 24 | Andrea Olshan | Class A Common Shares | Payment of exercise | Dispose F | No | No | 0 | 40,798 | 0.00 | 218,972 |
5 Mar 24 | Fernand Matthew E | Class A Common Shares | Payment of exercise | Dispose F | No | No | 0 | 7,668 | 0.00 | 71,103 |
5 Mar 24 | Eric Dinenberg | Class A Common Shares | Payment of exercise | Dispose F | No | No | 0 | 5,832 | 0.00 | 53,443 |