GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Seritage Growth Properties (NYSE:SRG) » Definitions » Net Cash per Share

Seritage Growth Properties (Seritage Growth Properties) Net Cash per Share : $-4.94 (As of Dec. 2023)


View and export this data going back to 2015. Start your Free Trial

What is Seritage Growth Properties Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Seritage Growth Properties's Net Cash per Share for the quarter that ended in Dec. 2023 was $-4.94.

The historical rank and industry rank for Seritage Growth Properties's Net Cash per Share or its related term are showing as below:

SRG's Price-to-Net-Cash is not ranked *
in the REITs industry.
Industry Median: 19.16
* Ranked among companies with meaningful Price-to-Net-Cash only.

Seritage Growth Properties Net Cash per Share Historical Data

The historical data trend for Seritage Growth Properties's Net Cash per Share 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 Net Cash per Share Chart

Seritage Growth Properties Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only -50.95 -47.72 -37.12 -17.62 -4.94

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
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.62 -13.18 -8.59 -6.38 -4.94

Competitive Comparison of Seritage Growth Properties's Net Cash per Share

For the REIT - Retail subindustry, Seritage Growth Properties's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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's Price-to-Net-Cash Distribution in the REITs Industry

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

* The bar in red indicates where Seritage Growth Properties's Price-to-Net-Cash falls into.



Seritage Growth Properties Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Seritage Growth Properties's Net Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as

Net Cash per Share (A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(134.001-410.7-1.174)/56.1947
=-4.94

Seritage Growth Properties's Net Cash per Share for the quarter that ended in Dec. 2023 is calculated as

Net Cash per Share (Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(134.001-410.7-1.174)/56.1947
=-4.94

* 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.


Seritage Growth Properties  (NYSE:SRG) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


Seritage Growth Properties Net Cash per Share Related Terms

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


Seritage Growth Properties (Seritage Growth Properties) Business Description

Traded in Other Exchanges
Address
500 Fifth Avenue, Suite 1530, New York, NY, USA, 10110
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

Seritage Growth Properties (Seritage Growth Properties) Headlines

From GuruFocus

Seritage Growth Properties Makes $30 Million Loan Prepayment

By Business Wire Business Wire 01-03-2023

Pabrai's Top Holding Seritage Sours in 2021

By James Li 01-11-2022

Seritage Growth Properties Makes $160 Million Loan Prepayment

By Business Wire Business Wire 01-04-2022

Seritage Growth Properties Makes $100 Million Loan Prepayment

By Business Wire Business Wire 12-01-2022

RBS Partners, L.P Buys Seritage Growth Properties

By GuruFocus Research GuruFocus Editor 08-16-2021

Lessons From Mohnish Pabrai's Seritage Trade

By Rupert Hargreaves 09-13-2022