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Seritage Growth Properties
NYSE:SRG

Watchlist Manager
Seritage Growth Properties
NYSE:SRG
Watchlist
Price: 11.96 USD +1.7% Market Closed
Updated: Nov 30, 2022

Intrinsic Value

The intrinsic value of one SRG stock under the Base Case scenario is 9.55 USD. Compared to the current market price of 11.96 USD, Seritage Growth Properties is Overvalued by 20%.

The Intrinsic Value is calculated as the average of the two valuation methods:

SRG Intrinsic Value
Base Case
9.55 USD
Overvaluation 20%
Intrinsic Value
Price
S
Worst Case
Base Case
Best Case

Fundamental Analysis

SRG Profitability Score
Profitability Due Diligence

Seritage Growth Properties's profitability score is 27/100. The higher the profitability score, the more profitable the company is.

Negative 3-Year Average ROE
Negative Free Cash Flow
Negative Operating Income
Negative Net Income
27/100
Profitability
Score

Seritage Growth Properties's profitability score is 27/100. The higher the profitability score, the more profitable the company is.

SRG Solvency Score
Solvency Due Diligence

Seritage Growth Properties's solvency score is 21/100. The higher the solvency score, the more solvent the company is.

Low Interest Coverage
Low Altman Z-Score
Positive Net Debt
High D/E
21/100
Solvency
Score

Seritage Growth Properties's solvency score is 21/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
36%
Gross Margin
-38%
Operating Margin
-83%
Net Margin
-100%
FCF Margin
-15%
ROE
-2%
ROIC
Other

SRG Capital Structure
Seritage Growth Properties

Market Capitalization 670M USD
Total Debt 1.3B USD
Minority Interest 2.1M USD
Preferred Equity 0 USD
Cash and Equivalents 130M USD
Short-Term Investments 0 USD
Enterprise Value 1.8B USD

Wall St
Price Targets

SRG Price Targets Summary
Seritage Growth Properties

Wall Street analysts forecast SRG stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SRG is 16 USD .

Lowest
Price Target
Not Available
Average
Price Target
16 USD
34% Upside
Highest
Price Target
Not Available
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

SRG Competitors
Seritage Growth Properties

SRG Suppliers & Customers
Seritage Growth Properties

Seritage Growth Properties has 1 key suppliers from 1 countries and 1 industries. The majority of these suppliers are located in Switzerland, with the largest number of suppliers in the Media industry.

Suppliers Map

Seritage Growth Properties has 11 key customers from 4 countries and 4 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Retail industry.

Ownership

SRG Shareholders
Major Shareholders

Insiders own a significant part of the company.

Top 25 shareholders own 50.75% of the company. Insiders own 29.83%. The biggest insider is Lampert Edward S (10 percent owner), who owns 28.12% of Seritage Growth Properties.

Insiders
29.83%
Institutions
28.98%
Other
41.19%
Insiders
29.83%
Lampert Edward S
10 percent owner
Ownership
28.1177%
Market Value
188M USD
Shares
15 755 009
Schall Benjamin
CEO, President
Ownership
0.5215%
Market Value
3.5M USD
Shares
292 202
Olshan Andrea
CEO and President
Ownership
0.4636%
Market Value
3.1M USD
Shares
259 770
Fernand Matthew E
Chief Legal Officer
Ownership
0.155%
Market Value
1M USD
Shares
86 875
Berkowitz Bruce R
10 percent owner
Ownership
0.1389%
Market Value
931k USD
Shares
77 848
Dinenberg Eric
Chief Operating Officer
Ownership
0.1274%
Market Value
854k USD
Shares
71 392
Rottler Mary
EVP of Leasing & Operations
Ownership
0.0688%
Market Value
461k USD
Shares
38 554
Bry James Edwin
See Remarks
Ownership
0.051%
Market Value
341k USD
Shares
28 550
Lombard Kenneth T
EVP, Chief Operating Officer
Ownership
0.0474%
Market Value
318k USD
Shares
26 556
Dickman Brian Robert
CFO and EVP
Ownership
0.0455%
Market Value
305k USD
Shares
25 501
Steinberg Thomas M
Director
Ownership
0.0413%
Market Value
277k USD
Shares
23 160
Galvin Andrew
EVP of Investments
Ownership
0.0205%
Market Value
137k USD
Shares
11 476
Osberg Sharon
Director
Ownership
0.0112%
Market Value
75.3k USD
Shares
6 300
Thrush Allison
Director
Ownership
0.0097%
Market Value
65.2k USD
Shares
5 450
Lombard Amanda
CFO and EVP
Ownership
0.0095%
Market Value
63.4k USD
Shares
5 298
Mcclain John
Director
Ownership
0.0046%
Market Value
31.1k USD
Shares
2 600
Institutions
28.98%
Back

SRG Insider Trading
Buy and sell transactions by insiders

Seritage Growth Properties insiders have only sold shares in the past 12 months.

During the last 12 months Seritage Growth Properties insiders have not bought any shares, and sold 11.3M USD worth of shares. The last transaction was made on Nov 30, 2022 by Lampert Edward S (10 percent owner), who sold 356k USD worth of SRG shares.

Sold
0-3
months
11.3M USD
1
3-6
months
0 USD
0
6-9
months
0 USD
0
9-12
months
0 USD
0
Bought
0-3
months
0
0 USD
3-6
months
No Insider Transactions
0
0 USD
6-9
months
No Insider Transactions
0
0 USD
9-12
months
No Insider Transactions
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
11.3M USD
N/A
-11.3M
6 Months
11.3M USD
N/A
-11.3M
9 Months
11.3M USD
N/A
-11.3M
12 Months
11.3M USD
N/A
-11.3M
Purchases
95
Sales
63
Why is insider trading important?

Shareholder Return

SRG Price
Seritage Growth Properties

1M 1M
+11%
6M 6M
+49%
1Y 1Y
-17%
3Y 3Y
-72%
5Y 5Y
-69%
Annual Price Range
11.96
52w Low
5.21
52w High
14.45
Price Metrics
Average Annual Return -15.39%
Standard Deviation of Annual Returns 35.87%
Max Drawdown -90%

Company Profile

Seritage Growth Properties

Country

United States of America

Industry

Real Estate

Market Cap

670M USD

Dividend Yield

12.26%

Description

Seritage Growth Properties operates as a real estate investment trust. The company is headquartered in New York City, New York and currently employs 40 full-time employees. The company went IPO on 2015-06-06. The firm is principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. The Company’s portfolio consisted of interests in over 162 properties comprised of approximately 19.2 million square feet of gross leasable area (GLA) or build-to-suit leased area, approximately 600 acres held for or under development and approximately 9.4 million square feet or approximately 800 acres to be disposed of. Its portfolio consists of approximately 15.4 million square feet of GLA held by over 137 wholly owned properties and over three million square feet of GLA held by approximately 25 unconsolidated entities. Its subsidiaries include Seritage Growth Properties, L.P., Seritage SRC Finance LLC, Seritage KMT Finance LLC and Seritage SRC Mezzanine Finance LLC.

Contact

NEW YORK
New York City
500 5th Ave Ste 1530
+12123557800.0
http://www.seritage.com

IPO

2015-06-06

Employees

40

Officers

CEO, Pres & Director
Ms. Andrea L. Olshan
Chief Operating Officer
Mr. Eric Dinenberg
Chief Legal Officer & Corp. Sec.
Mr. Matthew E. Fernand
Interim Chief Financial Officer
Mr. John Andrew Garilli
Sr. VP of Devel.
Mr. Christopher Mrozinski
Sr. VP & Real Estate Counsel
Mr. Nino Cammalleri

See Also

Similar Stocks
What is the Intrinsic Value of one SRG stock?

The intrinsic value of one SRG stock under the Base Case scenario is 9.55 USD.

Is SRG stock undervalued or overvalued?

Compared to the current market price of 11.96 USD, Seritage Growth Properties is Overvalued by 20%.