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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry
vs
history
Cash-to-Debt 0.11
NYSE:SRG's Cash-to-Debt is ranked higher than
76% of the 661 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.06 vs. NYSE:SRG: 0.11 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:SRG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.06 Max: No Debt
Current: 0.11
0.01
No Debt
Equity-to-Asset 0.33
NYSE:SRG's Equity-to-Asset is ranked lower than
85% of the 694 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.52 vs. NYSE:SRG: 0.33 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:SRG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.3  Med: 0.48 Max: 0.57
Current: 0.33
0.3
0.57
Debt-to-Equity 1.44
NYSE:SRG's Debt-to-Equity is ranked lower than
83% of the 653 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.81 vs. NYSE:SRG: 1.44 )
Ranked among companies with meaningful Debt-to-Equity only.
NYSE:SRG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71  Med: 1.02 Max: 1.63
Current: 1.44
0.71
1.63
Debt-to-EBITDA 5.37
NYSE:SRG's Debt-to-EBITDA is ranked lower than
53% of the 637 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.03 vs. NYSE:SRG: 5.37 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NYSE:SRG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.37  Med: 7.06 Max: 7.77
Current: 5.37
5.37
7.77
Piotroski F-Score: 4
Altman Z-Score: 1.15
Beneish M-Score: -3.13
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating Margin % -45.86
NYSE:SRG's Operating Margin % is ranked lower than
97% of the 702 Companies
in the Global REIT - Retail industry.

( Industry Median: 49.03 vs. NYSE:SRG: -45.86 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:SRG' s Operating Margin % Range Over the Past 10 Years
Min: -47.53  Med: -26.05 Max: -4.57
Current: -45.86
-47.53
-4.57
Net Margin % -19.00
NYSE:SRG's Net Margin % is ranked lower than
95% of the 703 Companies
in the Global REIT - Retail industry.

( Industry Median: 41.14 vs. NYSE:SRG: -19.00 )
Ranked among companies with meaningful Net Margin % only.
NYSE:SRG' s Net Margin % Range Over the Past 10 Years
Min: -30.6  Med: -25.67 Max: -19
Current: -19
-30.6
-19
ROE % -4.81
NYSE:SRG's ROE % is ranked lower than
96% of the 701 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.93 vs. NYSE:SRG: -4.81 )
Ranked among companies with meaningful ROE % only.
NYSE:SRG' s ROE % Range Over the Past 10 Years
Min: -5.39  Med: -4.93 Max: -4.46
Current: -4.81
-5.39
-4.46
ROA % -1.60
NYSE:SRG's ROA % is ranked lower than
95% of the 709 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.52 vs. NYSE:SRG: -1.60 )
Ranked among companies with meaningful ROA % only.
NYSE:SRG' s ROA % Range Over the Past 10 Years
Min: -2.69  Med: -2.28 Max: -1.6
Current: -1.6
-2.69
-1.6
ROC (Joel Greenblatt) % -0.09
NYSE:SRG's ROC (Joel Greenblatt) % is ranked lower than
94% of the 606 Companies
in the Global REIT - Retail industry.

( Industry Median: 14.19 vs. NYSE:SRG: -0.09 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NYSE:SRG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.94  Med: -2.29 Max: -0.09
Current: -0.09
-2.94
-0.09
GuruFocus has detected 4 Warning Signs with Seritage Growth Properties NYSE:SRG.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:SRG's 30-Y Financials

Financials (Next Earnings Date: 2018-08-03)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2017

SRG Guru Trades in Q2 2017

Chuck Royce 35,000 sh (New)
Mario Gabelli 45,200 sh (+44.87%)
HOTCHKIS & WILEY 2,476,490 sh (+27.88%)
Bruce Berkowitz 3,807,150 sh (+3.82%)
Murray Stahl 9,416 sh (+0.90%)
Fairholme Fund 2,224,600 sh (unchged)
Paul Tudor Jones Sold Out
Mohnish Pabrai Sold Out
Edward Lampert 521,475 sh (-0.88%)
» More
Q3 2017

SRG Guru Trades in Q3 2017

HOTCHKIS & WILEY 2,835,452 sh (+14.49%)
Mario Gabelli 46,100 sh (+1.99%)
Edward Lampert 521,475 sh (unchged)
Fairholme Fund 2,224,600 sh (unchged)
Bruce Berkowitz 3,766,650 sh (-1.06%)
Chuck Royce 33,480 sh (-4.34%)
Murray Stahl 8,592 sh (-8.75%)
» More
Q4 2017

SRG Guru Trades in Q4 2017

Pioneer Investments 15,639 sh (New)
HOTCHKIS & WILEY 3,253,175 sh (+14.73%)
Murray Stahl 9,808 sh (+14.15%)
Mario Gabelli 47,900 sh (+3.90%)
Chuck Royce 32,333 sh (-3.43%)
Bruce Berkowitz 3,273,398 sh (-13.10%)
Edward Lampert 424,347 sh (-18.63%)
Fairholme Fund 2,185,580 sh (-1.75%)
» More
Q1 2018

SRG Guru Trades in Q1 2018

Third Avenue Management 212,680 sh (New)
Pioneer Investments 25,842 sh (+65.24%)
Murray Stahl 11,686 sh (+19.15%)
HOTCHKIS & WILEY 3,466,879 sh (+6.57%)
Mario Gabelli 49,800 sh (+3.97%)
Fairholme Fund 2,185,580 sh (unchged)
Chuck Royce Sold Out
Edward Lampert 346,709 sh (-18.30%)
Bruce Berkowitz 1,595,000 sh (-51.27%)
» More
» Details

Insider Trades

Latest Guru Trades with SRG

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
HOTCHKIS & WILEY 2018-03-31 Add 6.57%0.03%$34.6 - $42.77 $ 43.7913%3,466,879
Bruce Berkowitz 2018-03-31 Reduce -51.27%9.35%$34.6 - $42.77 $ 43.7913%1,595,000
Edward Lampert 2018-03-31 Reduce -18.30%0.72%$34.6 - $42.77 $ 43.7913%346,709
Third Avenue Management 2018-03-31 New Buy0.38%$34.6 - $42.77 $ 43.7913%212,680
Mario Gabelli 2018-03-31 Add 3.97%$34.6 - $42.77 $ 43.7913%49,800
Bruce Berkowitz 2018-03-23 Reduce -48.22%7.57%Premium Member Access $34.81 $ 43.7926%1,695,000
Bruce Berkowitz 2017-12-31 Reduce -13.10%2.51%$39.68 - $46.34 $ 43.795%3,273,398
HOTCHKIS & WILEY 2017-12-31 Add 14.73%0.07%Premium Member Access $40.46 $ 43.798%3,253,175
HOTCHKIS & WILEY 2017-12-31 Add 14.73%0.06%$39.68 - $46.34 $ 43.795%3,253,175
Edward Lampert 2017-12-31 Reduce -18.63%0.87%$39.68 - $46.34 $ 43.795%424,347
Mario Gabelli 2017-12-31 Add 3.90%$39.68 - $46.34 $ 43.795%47,900
Bruce Berkowitz 2017-09-30 Reduce -1.06%0.17%$41.49 - $48.98 $ 43.79-6%3,766,650
HOTCHKIS & WILEY 2017-09-30 Add 14.49%0.07%Premium Member Access $46.36 $ 43.79-6%2,835,452
HOTCHKIS & WILEY 2017-09-30 Add 14.49%0.06%$41.49 - $48.98 $ 43.79-6%2,835,452
Mario Gabelli 2017-09-30 Add 1.99%$41.49 - $48.98 $ 43.79-6%46,100
Bruce Berkowitz 2017-06-30 Add 3.82%0.6%$38.76 - $44.04 $ 43.796%3,807,150
HOTCHKIS & WILEY 2017-06-30 Add 27.88%0.09%$38.76 - $44.04 $ 43.796%2,476,490
Edward Lampert 2017-06-30 Reduce -0.88%0.03%$38.76 - $44.04 $ 43.796%521,475
Mario Gabelli 2017-06-30 Add 44.87%$38.76 - $44.04 $ 43.796%45,200
Mohnish Pabrai 2017-06-30 Sold Out 0.3%$38.76 - $44.04 $ 43.796%0
Premium More recent guru trades are included for Premium Members only!!
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Preferred stocks of Seritage Growth Properties

SymbolPriceYieldDescription
SRGpA.PFD23.812.497% PFS PERPETUAL USD 25

Business Description

Industry: REITs » REIT - Retail    NAICS: 533110    SIC: 6798
Compare:JSE:RES, NYSE:AKR, XAMS:ECMPA, SGX:SK6U, NYSE:SKT, NYSE:ALX, NAS:ROIC, TSE:3292, TSX:CRT.UN, XPAR:MERY, JSE:HYP, SGX:F25U, NYSE:ADC, BKK:CPNREIT, SGX:J69U, NYSE:AAT, XAMS:WHA, NYSE:RPAI, NYSE:DDR, XKLS:5227 » details
Headquarter Location:USA
Seritage Growth Properties is a self-administered, self-managed REIT engaged in the real estate property business through its investment in Seritage Growth Properties, L.P. It generates a majority of its revenue from tenants.

Seritage Growth Properties is a United States-based fully-integrated, self-administered and self-managed real estate investment trust engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Seritage is principally engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. The company's primary objective is to create value for its shareholders through the re-leasing and redevelopment of the majority of its Wholly Owned Properties and JV Properties. It generates a majority of its revenue from tenants.

Top Ranked Articles about Seritage Growth Properties

Eddie Lampert Moves to Buy Sears Assets With Third Party Lampert says he received 'numerous inbound inquiries'
Hedge fund manager Eddie Lampert on Tuesday asked Sears Holdings' (NASDAQ:SHLD) board for permission to discuss partnering with third parties to buy some of the company’s assets after receiving ‘numerous inbound inquires’ in response to a proposal last month. Read more...
Bruce Berkowitz Further Slims Stake in Seritage Growth Properties Guru real-time pick highlight
Former Sears Holdings Corp. (NASDAQ:SHLD) director Bruce Berkowitz (Trades, Portfolio) disclosed March 23 that he axed 48.22% of his stake in Seritage Growth Properties (NYSE:SRG), reducing his position in the real estate investment trust for the third consecutive time since third-quarter 2017. Read more...
Guru's Hedge Fund Reduces Position in Struggling REIT RBS Partners, created by Eddie Lampert, sells off shares of REIT leasing former Sears properties
The Florida-based hedge fund founded by Sears CEO Eddie Lampert reduced a position in a struggling real estate investment trust (REIT) that leases out properties once belonging to Sears Holding Corp. (NASDAQ:SHLD) Read more...
Bruce Berkowitz Reduces Position in REIT Slammed by Sears Headwinds The guru raises stake in St. Joe as he diminishes exposure in a REIT that is redeveloping former Sears properties
Bruce Berkowitz (Trades, Portfolio) ended the year with no new stock picks to Fairholme Capital Management’s portfolio. Read more...
Keeley Funds Comments on Seritage Growth Properties Guru stock highlight
Seritage Growth Properties (NYSE:SRG) is a real estate investment trust (REIT) that owns 258 properties totaling 40 million square feet on 3,000 acres across 49 states. While the company continues to redevelop former Sears Holdings (SHLD) properties and lease them to specialty retailers at substantially higher rents, it still receives more than 50% of gross rental revenue from Sears Holdings. Such rental revenue contribution combined with constant fear of Sears underperforming during the crucial holiday season has created a headwind on SRG’s stock price. Read more...
Edward Lampert: Should He Be Defined by Sears? After success with AutoNation, Lampert took on Kmart and Sears. Can he succeed?
Bruce Berkowitz Comments on Seritage Guru stock highlight
Seritage (NYSE:SRG) is a simple redevelopment story clouded by a complex tenant relationship with Sears. Seritage owns 40 million square feet of retail space and surrounding parking lots; Sears occupies 75% of its retail space. When Sears closes stores at Seritage locations, the real estate is re-rented at market rates three times higher to tenants such as Whole Foods and Nordstrom Rack. Proportionally higher cash distributions to owners then follow. I believe this opportunity to recapture valuable real estate is why Warren Buffett (Trades, Portfolio) personally became one of the largest shareholders of Seritage. Read more...
Bruce Berkowitz Steps Down From Sears Board but Remains Invested Berkowitz releases statement as shares plunge
After Sears Holdings (NASDAQ:SHLD) shares tumbled nearly 12% on Bruce Berkowitz (Trades, Portfolio)’s announcement that he would exit the company’s board of directors Monday, he issued a statement Tuesday saying he continued to have confidence in the investment: Read more...
To Research a Stock, Just Act Like an Investigative Reporter In the 1950s and 1960s, Warren Buffett didn't just 'research' a stock, he investigated it. You should too. Assign yourself the story of what a specific company is worth. Think like a reporter
Warren Buffett (Trades, Portfolio) was once asked about the similarities between investigative reporting and investing. He said: Read more...
Cherokee Global Brands Appoints John T. McClain to Board of Directors as Independent Director, Chairman of Audit Committee

Ratios

vs
industry
vs
history
PB Ratio 2.84
SRG's PB Ratio is ranked lower than
90% of the 692 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.08 vs. SRG: 2.84 )
Ranked among companies with meaningful PB Ratio only.
SRG' s PB Ratio Range Over the Past 10 Years
Min: 1.5  Med: 1.93 Max: 3.36
Current: 2.84
1.5
3.36
PS Ratio 6.52
SRG's PS Ratio is ranked higher than
69% of the 655 Companies
in the Global REIT - Retail industry.

( Industry Median: 7.16 vs. SRG: 6.52 )
Ranked among companies with meaningful PS Ratio only.
SRG' s PS Ratio Range Over the Past 10 Years
Min: 5.03  Med: 5.8 Max: 10.04
Current: 6.52
5.03
10.04
Price-to-Operating-Cash-Flow 34.82
SRG's Price-to-Operating-Cash-Flow is ranked lower than
73% of the 579 Companies
in the Global REIT - Retail industry.

( Industry Median: 14.00 vs. SRG: 34.82 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
SRG' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 10.65  Med: 19.59 Max: 38.05
Current: 34.82
10.65
38.05
EV-to-EBIT -2554.19
SRG's EV-to-EBIT is ranked lower than
99.99% of the 660 Companies
in the Global REIT - Retail industry.

( Industry Median: 20.10 vs. SRG: -2554.19 )
Ranked among companies with meaningful EV-to-EBIT only.
SRG' s EV-to-EBIT Range Over the Past 10 Years
Min: -2597.46  Med: -338.4 Max: -48.1
Current: -2554.19
-2597.46
-48.1
EV-to-EBITDA 16.96
SRG's EV-to-EBITDA is ranked higher than
56% of the 673 Companies
in the Global REIT - Retail industry.

( Industry Median: 15.86 vs. SRG: 16.96 )
Ranked among companies with meaningful EV-to-EBITDA only.
SRG' s EV-to-EBITDA Range Over the Past 10 Years
Min: 11.4  Med: 17.4 Max: 28.8
Current: 16.96
11.4
28.8
EV-to-Revenue 17.55
SRG's EV-to-Revenue is ranked lower than
52% of the 699 Companies
in the Global REIT - Retail industry.

( Industry Median: 12.52 vs. SRG: 17.55 )
Ranked among companies with meaningful EV-to-Revenue only.
SRG' s EV-to-Revenue Range Over the Past 10 Years
Min: 9.5  Med: 12.2 Max: 16.2
Current: 17.55
9.5
16.2
Current Ratio 3.48
SRG's Current Ratio is ranked higher than
90% of the 666 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.97 vs. SRG: 3.48 )
Ranked among companies with meaningful Current Ratio only.
SRG' s Current Ratio Range Over the Past 10 Years
Min: 1.28  Med: 1.54 Max: 4.09
Current: 3.48
1.28
4.09
Quick Ratio 3.48
SRG's Quick Ratio is ranked higher than
90% of the 666 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.88 vs. SRG: 3.48 )
Ranked among companies with meaningful Quick Ratio only.
SRG' s Quick Ratio Range Over the Past 10 Years
Min: 1.28  Med: 1.54 Max: 4.09
Current: 3.48
1.28
4.09
Days Payable 97.43
SRG's Days Payable is ranked lower than
99.99% of the 304 Companies
in the Global REIT - Retail industry.

( Industry Median: 70.81 vs. SRG: 97.43 )
Ranked among companies with meaningful Days Payable only.
SRG' s Days Payable Range Over the Past 10 Years
Min: 97.43  Med: 1056.93 Max: 1215.46
Current: 97.43
97.43
1215.46

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 2.28
SRG's Dividend Yield % is ranked lower than
98% of the 970 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.95 vs. SRG: 2.28 )
Ranked among companies with meaningful Dividend Yield % only.
SRG' s Dividend Yield % Range Over the Past 10 Years
Min: 1.33  Med: 2.35 Max: 2.86
Current: 2.28
1.33
2.86
Forward Dividend Yield % 2.28
SRG's Forward Dividend Yield % is ranked lower than
99.99% of the 971 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.10 vs. SRG: 2.28 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 2.27
SRG's 5-Year Yield-on-Cost % is ranked lower than
99.99% of the 967 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.30 vs. SRG: 2.27 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
SRG' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.33  Med: 2.35 Max: 2.86
Current: 2.27
1.33
2.86

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 4.16
SRG's Price-to-Tangible-Book is ranked lower than
94% of the 685 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.10 vs. SRG: 4.16 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
SRG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.06  Med: 2.95 Max: 7.28
Current: 4.16
2.06
7.28
Price-to-Median-PS-Value 1.13
SRG's Price-to-Median-PS-Value is ranked higher than
78% of the 502 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.00 vs. SRG: 1.13 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SRG' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.92  Med: 0.98 Max: 1.54
Current: 1.13
0.92
1.54
Earnings Yield (Greenblatt) % -0.04
SRG's Earnings Yield (Greenblatt) % is ranked lower than
95% of the 714 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.55 vs. SRG: -0.04 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SRG' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -2.1  Med: -0.3 Max: -0.04
Current: -0.04
-2.1
-0.04

More Statistics

Revenue (TTM) (Mil) $229.40
EPS (TTM) $ -1.34
Volatility27.76%
52-Week Range $34.07 - 50.00
Shares Outstanding (Mil)55.80

Piotroski F-Score Details

Piotroski F-Score: 44
Positive ROAN
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyN
Higher Current Ratio yoyY
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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