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Seritage Growth Properties
NYSE:SRG

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Seritage Growth Properties
NYSE:SRG
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Price: 4.0599 USD -2.87%
Market Cap: 228.5m USD
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Income Statement

Earnings Waterfall
Seritage Growth Properties

Revenue
24.2m USD
Cost of Revenue
-20.8m USD
Gross Profit
3.4m USD
Operating Expenses
-52m USD
Operating Income
-48.6m USD
Other Expenses
-73.8m USD
Net Income
-122.3m USD

Income Statement
Seritage Growth Properties

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Income Statement
Currency: USD
Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024
Revenue
Revenue
238
N/A
242
+1%
249
+3%
251
+1%
247
-2%
254
+3%
241
-5%
229
-5%
221
-4%
213
-3%
215
+1%
205
-5%
196
-4%
187
-5%
169
-10%
158
-6%
139
-12%
125
-10%
117
-7%
114
-2%
121
+5%
116
-4%
117
+1%
116
0%
118
+2%
113
-5%
107
-5%
77
-28%
53
-31%
35
-35%
21
-40%
26
+25%
24
-6%
Gross Profit
Cost of Revenue
(65)
(63)
(65)
(64)
(63)
(67)
(65)
(67)
(66)
(69)
(71)
(73)
(77)
(79)
(81)
(80)
(78)
(78)
(78)
(79)
(81)
(81)
(80)
(79)
(76)
(72)
(66)
(56)
(46)
(36)
(27)
(23)
(21)
Gross Profit
174
N/A
179
+3%
184
+3%
187
+2%
184
-2%
187
+2%
176
-6%
163
-7%
155
-5%
145
-7%
144
-1%
132
-8%
119
-9%
108
-9%
88
-19%
78
-11%
61
-22%
47
-23%
39
-18%
35
-9%
39
+11%
35
-11%
36
+4%
38
+3%
43
+13%
41
-4%
41
+1%
21
-50%
7
-68%
(1)
N/A
(7)
-367%
3
N/A
3
+10%
Operating Income
Operating Expenses
(162)
(172)
(195)
(216)
(230)
(247)
(290)
(207)
(210)
(246)
(262)
(255)
(225)
(197)
(144)
(151)
(155)
(160)
(125)
(106)
(99)
(86)
(93)
(90)
(86)
(84)
(89)
(85)
(77)
(68)
(60)
(58)
(52)
Selling, General & Administrative
(19)
(18)
(18)
(20)
(20)
(21)
(28)
(30)
(33)
(36)
(35)
(37)
(36)
(36)
(39)
(39)
(39)
(42)
(29)
(31)
(34)
(32)
(42)
(40)
(39)
(41)
(48)
(51)
(50)
(47)
(46)
(43)
(40)
Depreciation & Amortization
(143)
(154)
(177)
(196)
(210)
(226)
(262)
(238)
(237)
(226)
(227)
(218)
(189)
(161)
(105)
(112)
(116)
(118)
(96)
(75)
(65)
(54)
(51)
(50)
(47)
(43)
(41)
(34)
(27)
(21)
(14)
(15)
(12)
Other Operating Expenses
0
0
0
0
0
0
0
60
60
17
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
12
N/A
7
-45%
(11)
N/A
(29)
-153%
(46)
-61%
(60)
-31%
(115)
-90%
(45)
+61%
(55)
-23%
(101)
-83%
(118)
-17%
(123)
-4%
(106)
+14%
(88)
+17%
(56)
+37%
(73)
-31%
(94)
-29%
(113)
-20%
(86)
+24%
(70)
+18%
(60)
+15%
(51)
+15%
(57)
-12%
(52)
+8%
(44)
+16%
(43)
+1%
(47)
-10%
(64)
-35%
(70)
-10%
(69)
+1%
(67)
+3%
(55)
+18%
(49)
+12%
Pre-Tax Income
Interest Income Expense
(54)
(56)
(59)
(61)
(66)
(73)
(77)
(80)
(79)
(90)
(93)
(94)
(104)
(99)
(106)
(108)
(102)
(96)
(93)
(90)
(98)
(109)
(108)
(144)
(169)
(162)
(121)
(111)
(64)
(47)
(77)
(36)
(33)
Non-Reccuring Items
(18)
(19)
(19)
(19)
(19)
44
60
0
0
0
0
0
0
0
0
0
0
(15)
(62)
(62)
(127)
(116)
(96)
(95)
(175)
(182)
(163)
(165)
(125)
(114)
(107)
(106)
(88)
Gain/Loss on Disposition of Assets
0
0
0
0
0
13
11
53
87
92
96
76
53
48
71
71
111
84
89
90
56
94
222
196
246
269
212
225
191
164
96
85
54
Total Other Income
(5)
(2)
(1)
(0)
(0)
(0)
(1)
(0)
(0)
(0)
0
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
(65)
N/A
(71)
-9%
(91)
-28%
(109)
-20%
(131)
-21%
(77)
+42%
(121)
-57%
(72)
+41%
(47)
+34%
(99)
-110%
(115)
-16%
(142)
-24%
(157)
-11%
(139)
+12%
(90)
+35%
(111)
-22%
(85)
+23%
(140)
-66%
(153)
-9%
(133)
+13%
(228)
-72%
(182)
+20%
(39)
+79%
(95)
-144%
(142)
-50%
(119)
+16%
(120)
-1%
(115)
+4%
(69)
+40%
(66)
+4%
(155)
-135%
(112)
+28%
(116)
-4%
Net Income
Tax Provision
(1)
(1)
(1)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
0
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(0)
(0)
(0)
(0)
(0)
(2)
Income from Continuing Operations
(66)
(71)
(91)
(109)
(131)
(77)
(121)
(72)
(48)
(100)
(115)
(142)
(157)
(139)
(91)
(111)
(85)
(141)
(153)
(133)
(228)
(182)
(39)
(95)
(142)
(119)
(120)
(115)
(69)
(66)
(155)
(112)
(117)
Income to Minority Interest
28
31
40
46
54
31
47
28
18
38
41
51
56
49
31
38
29
45
48
41
63
47
11
22
31
25
46
31
0
0
0
0
0
Net Income (Common)
(38)
N/A
(41)
-7%
(52)
-27%
(63)
-22%
(77)
-22%
(46)
+41%
(74)
-62%
(45)
+39%
(32)
+29%
(66)
-107%
(78)
-19%
(96)
-22%
(106)
-11%
(94)
+11%
(64)
+32%
(78)
-21%
(61)
+22%
(100)
-64%
(110)
-10%
(97)
+12%
(170)
-75%
(140)
+17%
(33)
+76%
(78)
-135%
(115)
-49%
(98)
+15%
(79)
+20%
(89)
-12%
(74)
+17%
(71)
+3%
(160)
-125%
(117)
+27%
(122)
-5%
EPS (Diluted)
-1.21
N/A
-1.3
-7%
-1.64
-26%
-1.88
-15%
-2.28
-21%
-1.34
+41%
-2.19
-63%
-1.26
+42%
-0.89
+29%
-1.84
-107%
-2.2
-20%
-2.69
-22%
-2.91
-8%
-2.56
+12%
-1.77
+31%
-2.09
-18%
-1.57
+25%
-2.59
-65%
-2.87
-11%
-2.45
+15%
-3.97
-62%
-3.21
+19%
-0.78
+76%
-1.77
-127%
-2.64
-49%
-1.77
+33%
-1.59
+10%
-1.58
+1%
-1.31
+17%
-1.27
+3%
-2.85
-124%
-2.09
+27%
-2.18
-4%

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