1.66
-2.92%
Close of 9 Nov 2026, in USD
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About Seritage Growth Properties
From its filings with the US Securities and Exchange Commission
Seritage Growth Properties is based in New York, New York and is incorporated in Maryland. Its shares trade on NYSE under the ticker SRG. The SEC classifies its business as real estate. In the fiscal year to 31 December 2025, it reported revenue of $18.2m and a net loss of $68.2m. At that date it held total assets of $393.8m and shareholders' equity of $331.4m.
Prior to the adoption of the Company’s Plan of Sale (defined below), Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. As of December 31, 2025, the Company’s portfolio consisted of interests in 10 properties comprised of approximately 0.8 million square feet of gross leasable area (“GLA”) or build-to-suit leased area and 156 acres of land. The portfolio encompasses five consolidated properties consisting of approximately 0.3 million square feet of GLA and 71 acres (such properties, the “Consolidated Properties”) and five unconsolidated entities consisting of approximately 0.5 million square feet of GLA and 85 acres (such properties, the “Unconsolidated Properties”).
The Company’s mission is to maximize value for our shareholders in accordance with the Plan of Sale.
The Company commenced operations on July 7, 2015 following a rights offering to the shareholders of Sears Holding Corporation (“Sears Holdings” or “Sears”) to purchase common shares of Seritage in order to fund, in part, the $2.7 billion acquisition of certain of Sears Holdings’ owned properties and its 50% interests in three joint ventures which were simultaneously leased back to Sears Holdings under master lease agreements (the “Original Master Lease” and the “Original JV Master Leases”, respectively).
Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 6 Jun 2015
- Employees
- 5
- Website
- seritage.com ↗
- Head office
- 500 FIFTH AVENUE, NEW YORK, NY, 10110
- Incorporated in
- MD
- Classification
- Real Estate
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Adam MetzChairman of the Board of Trustees, Chief Executive Officer and President, since 2022$200,000
- Mr. John GarilliInterim Chief Financial Officer
- Mr. Eric DinenbergChief Operating Officer$1.7m
- Mr. Matthew FernandChief Legal Officer and Corporate Secretary$1.8m
- Mr. Mitchell SabshonLead Independent Trustee$165,000
- Mr. John McclainIndependent Trustee$180,000
- Ms. Talya Nevo-HacohenIndependent Trustee$165,000
- Ms. Allison ThrushIndependent Trustee$150,000
- Mr. Mark WilsmannIndependent Trustee$150,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 20
- Environment
- 2
- Social
- 23
- Governance
- 35
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Seritage Growth Properties has a diverse portfolio of real estate properties comprising of retail, mixed-use, and outdoor lifestyle centers. This diversity minimizes the risk and provides potential for long-term growth and stability.
- The company has secured long-term lease agreements with renowned national and regional tenants, ensuring a steady and reliable income stream. These tenants include well-established retail brands, which adds value and stability to Seritage's portfolio.
Weaknesses
- Seritage's business heavily relies on the performance of the retail industry. Economic downturns, changing consumer behavior, or increased competition in the sector could negatively impact the company's financial performance.
- The company's properties are primarily located in select regions, which exposes Seritage to localized economic risks. A regional economic downturn or significant industry shifts in those areas could adversely affect occupancy rates and rental income.
Opportunities
- Seritage has opportunities to unlock value through property redevelopment, repurposing existing spaces, and creating mixed-use environments. This can attract new tenants, enhance market appeal, and drive higher rental rates and property valuations.
- Collaboration with e-commerce companies or retailers expanding their online presence can provide revenue-sharing opportunities and maintain the relevance of Seritage's properties in the digital age.
Threats
- The rise of online retail poses a threat to traditional brick-and-mortar stores, leading to increased vacancies and downward pressure on rental rates. Seritage needs to proactively adapt to changing consumer shopping habits and mitigate the potential downside.
- Economic instability, such as recessionary periods or changes in interest rates, could impact Seritage's ability to attract and retain tenants, affect lease renewal rates, and lead to decreased property valuations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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