Seritage Growth Properties (Seritage Growth Properties) Interest Expense : $-44.57 Mil (TTM As of Dec. 2023)

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What is Seritage Growth Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Seritage Growth Properties's interest expense for the three months ended in Dec. 2023 was $ -7.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-44.57 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Seritage Growth Properties's Operating Income for the three months ended in Dec. 2023 was $ -13.87 Mil. Seritage Growth Properties's Interest Expense for the three months ended in Dec. 2023 was $ -7.08 Mil. Seritage Growth Properties did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Seritage Growth Properties Interest Expense Historical Data

The historical data trend for Seritage Growth Properties's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Seritage Growth Properties Interest Expense Chart

Seritage Growth Properties Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-94.52

-91.32

-107.98

-86.73

-44.57

Seritage Growth Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-18.63	-15.20	-12.53	-9.76	-7.08

Seritage Growth Properties Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-44.57 Mil.

Seritage Growth Properties (NYSE:SRG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Seritage Growth Properties's Interest Expense for the three months ended in Dec. 2023 was $-7.08 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-13.87 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $360.00 Mil.

Seritage Growth Properties's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Seritage Growth Properties did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Seritage Growth Properties (Seritage Growth Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Seritage Growth Properties (NYSE:SRG) » Definitions » Interest Expense

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SRGpA.PFD:USA

Address

500 Fifth Avenue, Suite 1530, New York, NY, USA, 10110

Website

https://www.seritage.com

Seritage Growth Properties is 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.

Executives

Edward S Lampert	other: Trustee	1170 KANE CONCOURSE, SUITE 200, BAY HARBOUR FL 33154
Mark Wilsmann	director	SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, STE. 1530, NEW YORK NY 10110
Mitchell A Sabshon	director	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Talya Nevo-hacohen	director	C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN, SUITE 550, IRVINE CA 92612
Adam S Metz	director	110 NORTH WACKER DRIVE, CHICAGO IL 60606
Eric Dinenberg	officer: Chief Operating Officer	SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, STE. 1530, NEW YORK NY 10110
Allison Thrush	director	500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Andrea Olshan	director, officer: CEO and President	500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Andrew Galvin	officer: EVP of Investments	SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Amanda Lombard	officer: CFO and EVP	500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Brian Robert Dickman	officer: CFO and EVP	411 S. OLD WOODWARD, APT. 918, BIRMINGHAM MI 48009
Kenneth T Lombard	officer: EVP, Chief Operating Officer	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Benjamin Schall	director, officer: CEO, President	261 BROADWAY, NO.11B, NEW YORK NY 10007
Matthew E Fernand	officer: General Counsel and EVP	3333 BEVERLY ROAD, C/O SERITAGE GROWTH PROPERTIES, HOFFMAN ESTATES IL 60179
James Edwin Bry	officer: See Remarks	3333 BEVERLY ROAD, C/O SERITAGE GROWTH PROPERTIES, HOFFMAN ESTATES IL 60179