Seritage Growth Properties(SRG)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$1.88
09/18/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for SRG

09/18/2026: SRG (1-star) is currently NOT-A-BUY. Pass it for now.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -30.21%
Avg. Invested days 35
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/18/2026

Upturn Scorecard

Upturn Star Rating

SRG receives a 2-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

SRG has moderate overall fundamentals (3 stars), with soft financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+55.6%) is partially offset by soft cash generation (FCF margin -191.7%), moderate revenue growth (+3.3%), soft profitability (net margin -374.7%).

Financial Health Rating

SRG's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 15.6%). Operating efficiency is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

Earnings growth is SRG's strongest growth driver at +55.6% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+34.8%, solid) is also solid, while revenue growth (+3.3%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 44.8% and approximately 70.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 33.33% supports management-shareholder alignment.

Top 5 Institutional Investors

Hotchkis & Wiley Capital Management LLC 5.55%
Vanguard Portfolio Management, LLC 2.90%
Vanguard Capital Management, LLC 2.90%
K2 PRINCIPAL FUND LP 1.92%
Towerview LLC 1.83%

Unit Economics (Per $1K Revenue)

SRG generates approximately $97 of gross profit, $-2,003 of operating income, and $-1,917 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: -7.18% (Tax Credit)

Quantitative Style Profile

SRG has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 105.89M USD
Price to earnings Ratio -
1Y Target Price 6.5
Price to earnings Ratio -
1Y Target Price 6.5
Volume (30-day avg) 167.7K shares
Beta 2.19
52 Weeks Range 1.85 - 4.38
Updated Date 09/19/2026
52 Weeks Range 1.85 - 4.38
Updated Date 09/19/2026
Dividends yield (FY) -
Basic EPS (TTM) -1.05

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 11.29
Enterprise Value 107.15M
Price to Sales(TTM) 8.46
Enterprise Value 107.15M
Price to Sales(TTM) 8.46
Enterprise Value to Revenue 8.63
Enterprise Value to EBITDA 74.55
Shares Outstanding 56.32M
Shares Floating 39.88M
Shares Outstanding 56.32M
Shares Floating 39.88M
Percent Insiders 33.33
Percent Institutions 44.8

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Seritage Growth Properties

Exchange NYSE
Headquarters New York, NY, United States
IPO Launch date 2015-07-06
CEO, President & Chairman Mr. Adam Metz
Sector Real Estate
Industry Real Estate Services
Full time employees 5
Full time employees 5

Seritage Growth Properties 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 June 30, 2026, the Company's portfolio consisted of interests in nine properties comprised of approximately 0.8 million square feet of gross leasable area (GLA) or build-to-suit leased area and 139 acres of land. The portfolio encompasses four consolidated properties consisting of approximately 0.3 million square feet of GLA and 56 acres (such properties, the Consolidated Properties) and five unconsolidated entities consisting of approximately 0.5 million square feet of GLA and 83 acres (such properties, the Unconsolidated Properties). Seritage Growth Properties was incorporated in 2015 in Maryland.