Seritage Growth Properties (Seritage Growth Properties) Debt-to-Equity

: 0.64 (As of Dec. 2023)

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Seritage Growth Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Seritage Growth Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $360.00 Mil. Seritage Growth Properties's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $561.99 Mil. Seritage Growth Properties's debt to equity for the quarter that ended in Dec. 2023 was 0.64.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Seritage Growth Properties's Debt-to-Equity or its related term are showing as below:

SRG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 1.52 Max: 2.5
Current: 0.64

During the past 9 years, the highest Debt-to-Equity Ratio of Seritage Growth Properties was 2.50. The lowest was 0.64. And the median was 1.52.

SRG's Debt-to-Equity is ranked better than
62.56% of 673 companies
in the REITs industry
Industry Median: 0.78 vs SRG: 0.64

Seritage Growth Properties Debt-to-Equity Historical Data

The historical data trend for Seritage Growth Properties's Debt-to-Equity 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.

* Premium members only.

Seritage Growth Properties Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.19

2.50

2.12

1.43

0.64

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
Debt-to-Equity																1.43	1.22	0.98	0.72	0.64

Competitive Comparison

For the REIT - Retail subindustry, Seritage Growth Properties's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Seritage Growth Properties Debt-to-Equity Distribution

For the REITs industry and Real Estate sector, Seritage Growth Properties's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Seritage Growth Properties's Debt-to-Equity falls into.

Seritage Growth Properties Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Seritage Growth Properties's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	360)	/	561.99
	=	0.64

Seritage Growth Properties's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	360)	/	561.99
	=	0.64

Seritage Growth Properties (NYSE:SRG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Seritage Growth Properties Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Seritage Growth Properties's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Seritage Growth Properties (Seritage Growth Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Seritage Growth Properties (NYSE:SRG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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