Seritage Growth Properties Quarterly Income Statements Chart
Quarterly
|
Annual
Seritage Growth Properties Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-07-07 | 2017-06-30 | 2017-03-31 | 2016-07-07 | 2016-07-07 | 2016-06-30 | 2016-03-31 | 2015-07-07 | 2015-07-07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| revenue | ||||||||||||||||||||||||||||||||||||||||
| rental income | 4,526,000 | 4,457,000 | 4,265,000 | 2,899,000 | 4,166,000 | 5,725,000 | 4,601,000 | 4,525,000 | 5,517,000 | 418,000 | 22,854,000 | 23,253,000 | 29,418,000 | 29,084,000 | 28,091,000 | 28,819,000 | 27,595,000 | 31,146,000 | 27,478,000 | 33,966,000 | 21,648,000 | 33,110,000 | 41,985,000 | 41,152,000 | 35,839,000 | 37,079,000 | 48,167,000 | 44,460,000 | 42,185,000 | 49,174,000 | 41,389,000 | 41,389,000 | 45,927,000 | 45,226,000 | 41,389,000 | 41,389,000 | ||||
| management and other fee income | 127,000 | 142,000 | 117,000 | 352,000 | 50,000 | 48,000 | 4,567,000 | 523,000 | 367,000 | 262,000 | 91,000 | 248,000 | 286,000 | 1,821,000 | 279,000 | 135,000 | 174,000 | -259,000 | 171,000 | 207,000 | -1,293,000 | 795,000 | 1,814,000 | 282,000 | 167,000 | 115,000 | 914,000 | |||||||||||||
| total revenue | 4,653,000 | 4,599,000 | 4,382,000 | 3,251,000 | 4,216,000 | 5,773,000 | 9,168,000 | 5,048,000 | 5,884,000 | 680,000 | 22,945,000 | 23,501,000 | 29,704,000 | 30,905,000 | 28,525,000 | 29,003,000 | 27,874,000 | 31,281,000 | 27,652,000 | 33,707,000 | 21,819,000 | 33,317,000 | 36,634,000 | 47,628,000 | 40,511,000 | 43,860,000 | 55,114,000 | 56,593,000 | 49,270,000 | 53,777,000 | 64,048,000 | 55,678,000 | 57,893,000 | 65,398,000 | 54,063,000 | 54,063,000 | 61,867,000 | 63,004,000 | 54,063,000 | 54,063,000 |
| expenses | ||||||||||||||||||||||||||||||||||||||||
| property operating | 3,237,000 | 2,908,000 | 4,248,000 | 4,258,000 | 4,160,000 | 3,673,000 | 3,337,000 | 4,564,000 | 5,196,000 | 8,185,000 | 10,235,000 | 9,700,000 | 10,801,000 | 11,032,000 | 11,493,000 | 11,585,000 | 11,286,000 | 10,643,000 | 11,012,000 | 11,154,000 | 8,697,000 | 10,301,000 | 11,122,000 | 11,462,000 | 9,302,000 | 10,237,000 | 8,583,000 | 6,348,000 | 6,533,000 | 7,241,000 | 4,311,000 | 1,397,000 | 4,932,000 | 4,742,000 | 2,815,000 | 2,815,000 | 5,553,000 | 7,118,000 | 2,815,000 | 2,815,000 |
| real estate taxes | 692,000 | 953,000 | 333,000 | 971,000 | 1,238,000 | 1,393,000 | 1,218,000 | 1,204,000 | 2,170,000 | 1,537,000 | 2,894,000 | 6,483,000 | 6,425,000 | 8,150,000 | 7,498,000 | 8,542,000 | 9,061,000 | 10,155,000 | 8,672,000 | 9,487,000 | 9,384,000 | 9,225,000 | 9,080,000 | 9,164,000 | 10,159,000 | 10,192,000 | 9,649,000 | 12,199,000 | 9,217,000 | 11,381,000 | 11,335,000 | 10,405,000 | 11,950,000 | 12,422,000 | 10,741,000 | 10,741,000 | 11,667,000 | 11,469,000 | 10,741,000 | 10,741,000 |
| depreciation and amortization | 2,040,000 | 2,075,000 | 2,258,000 | 4,377,000 | 1,212,000 | 5,271,000 | 2,843,000 | 2,913,000 | 4,151,000 | 4,564,000 | 9,342,000 | 9,169,000 | 10,669,000 | 11,934,000 | 11,570,000 | 13,159,000 | 13,328,000 | 13,142,000 | 14,551,000 | 23,647,000 | 23,702,000 | 34,097,000 | 36,578,000 | 21,593,000 | 20,194,000 | 26,216,000 | 92,627,000 | 49,830,000 | 49,551,000 | 34,667,000 | 61,059,000 | 15,336,000 | 50,571,000 | 58,663,000 | 32,935,000 | 32,935,000 | 37,324,000 | 39,509,000 | 32,935,000 | 32,935,000 |
| general and administrative | 6,172,000 | 15,693,000 | 6,777,000 | 7,178,000 | 6,874,000 | 9,192,000 | 15,639,000 | 8,030,000 | 10,099,000 | 12,220,000 | 16,638,000 | 10,811,000 | 11,093,000 | 9,092,000 | 9,947,000 | 8,780,000 | 11,990,000 | 11,232,000 | -418,000 | 11,203,000 | 8,644,000 | 9,420,000 | 12,970,000 | 8,130,000 | 8,297,000 | 9,759,000 | 9,980,000 | 8,338,000 | 8,673,000 | 7,797,000 | 5,272,000 | 4,863,000 | 5,093,000 | 6,274,000 | 5,782,000 | 5,782,000 | 4,413,000 | 4,439,000 | 5,782,000 | 5,782,000 |
| total expenses | 12,141,000 | 21,629,000 | 13,616,000 | 22,516,000 | 13,484,000 | 19,529,000 | 23,037,000 | 16,711,000 | 21,616,000 | 26,506,000 | 39,109,000 | 36,696,000 | 73,988,000 | 40,208,000 | 40,508,000 | 42,066,000 | 45,665,000 | 45,172,000 | 33,817,000 | 55,491,000 | 50,427,000 | 63,043,000 | 69,750,000 | 50,349,000 | 47,952,000 | 56,404,000 | 120,839,000 | 76,802,000 | 74,083,000 | 61,147,000 | 82,045,000 | 50,386,000 | 72,558,000 | 82,140,000 | 70,613,000 | 70,613,000 | 59,102,000 | 62,608,000 | 70,613,000 | 70,613,000 |
| gain on sale of real estate | 1,967,000 | 6,936,000 | 3,321,000 | 4,184,000 | 2,034,000 | 1,139,000 | 31,828,000 | 18,506,000 | 33,488,000 | 12,392,000 | 99,487,000 | 45,433,000 | 68,031,000 | 18,097,000 | 24,208,000 | 28,596,000 | -14,706,000 | 52,064,000 | 20,788,000 | 25,786,000 | 12,445,000 | 11,612,000 | 21,261,000 | 2,746,000 | 17,401,000 | 34,187,000 | 41,831,000 | 13,018,000 | ||||||||||||
| loss on sale of interests in unconsolidated entities | -1,417,000 | -34,750 | -139,000 | |||||||||||||||||||||||||||||||||||||
| impairment of real estate assets | -18,000,000 | -86,388,000 | -1,148,000 | -104,467,000 | -2,576,000 | -6,278,000 | -10,275,000 | -109,343,000 | -991,000 | -25,773,000 | -3,814,000 | -64,539,000 | -1,700,000 | -47,701,000 | -14,594,000 | |||||||||||||||||||||||||
| equity in income of unconsolidated entities | 756,000 | -7,928,000 | -17,250 | 118,000 | 379,000 | -12,269,250 | 993,000 | |||||||||||||||||||||||||||||||||
| interest and other income | 930,000 | 860,000 | 1,245,000 | -872,000 | 717,000 | 1,423,000 | -417,000 | 2,030,000 | 9,869,000 | 5,585,000 | 38,690,000 | -1,047,000 | 99,000 | 11,000 | 1,083,000 | 48,000 | 530,000 | 7,624,000 | 934,000 | 1,986,000 | 141,000 | 333,000 | 635,000 | 1,416,000 | 2,175,000 | 2,598,000 | 5,588,000 | 1,162,000 | 456,000 | 680,000 | 352,000 | 94,000 | 42,000 | 78,000 | 38,000 | 38,000 | 59,000 | 60,000 | ||
| interest expense | -5,139,000 | -5,230,000 | -5,628,000 | -6,051,000 | -6,282,000 | -7,011,000 | -7,078,000 | -9,763,000 | -12,528,000 | -15,202,000 | -19,563,000 | -21,916,000 | -22,663,000 | -22,588,000 | -26,128,000 | -26,721,000 | -28,976,000 | -26,150,000 | -24,916,000 | -22,742,000 | -22,145,000 | -21,513,000 | -26,878,000 | -22,046,000 | -22,141,000 | -23,454,000 | -25,016,000 | -30,723,000 | -17,862,000 | -16,419,000 | -18,049,000 | -12,030,000 | -18,431,000 | -16,592,000 | -14,796,000 | -14,796,000 | -15,636,000 | -15,730,000 | -14,796,000 | -14,796,000 |
| income before income taxes | -28,391,000 | -22,392,000 | -11,339,000 | -21,886,000 | -99,753,000 | -18,974,000 | 3,684,000 | -813,000 | -95,745,000 | -61,999,000 | 92,625,000 | -3,414,000 | -141,880,000 | -10,917,000 | 7,570,000 | -52,052,000 | -44,549,000 | 16,305,000 | 17,276,000 | -3,139,000 | -34,720,000 | -32,725,000 | -31,402,000 | -31,402,000 | -12,380,000 | -14,559,000 | -31,402,000 | -31,402,000 | ||||||||||||
| benefit for income taxes | -115,000 | 190,000 | -1,474,000 | -11,000 | 38,000 | 13,000 | ||||||||||||||||||||||||||||||||||
| net income | -28,506,000 | -22,202,000 | -11,351,000 | -21,973,000 | -101,227,000 | -18,985,000 | 3,684,000 | -902,000 | -95,707,000 | -61,986,000 | 92,454,000 | -3,481,000 | -142,083,000 | -66,987,000 | 93,601,000 | -26,349,000 | -10,933,000 | -49,692,000 | -72,401,000 | 104,000 | -30,975,000 | -37,342,000 | -16,482,000 | -25,885,000 | -10,894,000 | -85,733,000 | -34,744,000 | -10,602,000 | 16,201,000 | 17,276,000 | -3,936,000 | -34,867,000 | -32,844,000 | -31,853,000 | -31,853,000 | -12,565,000 | -14,714,000 | -31,853,000 | -31,853,000 | |
| yoy | -71.84% | 16.94% | -408.12% | 2336.03% | 5.77% | -69.37% | -96.02% | -74.09% | -32.64% | -7.47% | -1.23% | -86.79% | 512.70% | -288.36% | -63.61% | -64.70% | 33.07% | 339.27% | -100.40% | 184.33% | -56.44% | -52.56% | 144.15% | -167.24% | -596.25% | 782.72% | -69.59% | -149.33% | -154.24% | -87.64% | 177.49% | 123.22% | 0.00% | 0.00% | ||||||
| qoq | 28.39% | 95.60% | -48.34% | -78.29% | 433.19% | -615.34% | -508.43% | -99.06% | 54.40% | -167.05% | -2755.96% | -97.55% | 112.11% | -171.57% | -455.24% | -78.00% | -31.37% | -69716.35% | -100.34% | -17.05% | 126.56% | -36.33% | 137.61% | -87.29% | 146.76% | 227.71% | -165.44% | -6.22% | -538.92% | -88.71% | 6.16% | 3.11% | 153.51% | 153.51% | -14.61% | -53.81% | ||||
| net income margin % | ||||||||||||||||||||||||||||||||||||||||
| preferred dividends | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,225,000 | -1,228,000 | 0.00% | 0.00% | ||||||||
| net income attributable to seritage common shareholders | -29,731,000 | -23,427,000 | -12,576,000 | -23,198,000 | -102,452,000 | -20,210,000 | 2,459,000 | -2,127,000 | -96,932,000 | -63,211,000 | 91,229,000 | -4,664,000 | -111,980,000 | -53,430,000 | 71,720,000 | -21,759,000 | -74,065,000 | -8,945,000 | -35,606,000 | -51,278,000 | -1,153,000 | -21,889,000 | -25,874,000 | -12,103,000 | -18,128,000 | -8,192,000 | -56,038,000 | -23,441,000 | -7,996,000 | 9,100,000 | 0.00% | 0.00% | 0.00% | 0.00% | ||||||
| net income per share | -0.53 | -0.42 | -0.23 | -0.41 | -1.82 | -0.36 | 0.04 | -0.04 | -1.73 | -1.13 | 1.98 | -0.08 | -2.56 | -1.22 | 1.72 | -0.5 | -1.73 | -0.23 | -0.92 | -1.33 | -0.03 | -0.59 | -0.71 | -0.33 | -0.5 | -0.23 | -1.57 | -0.66 | -0.23 | 0.26 | 0.31 | -0.08 | -0.63 | -0.59 | -0.23 | -0.27 | ||||
| weighted-average class a common shares outstanding - basic | 56,324 | 56,283 | 56,255 | 56,268 | 56,268 | 56,215 | 56,151 | 56,183 | 56,173 | 56,059 | 49,729 | 55,361 | 43,677 | 43,634 | 42,393 | 43,631 | 42,772 | |||||||||||||||||||||||
| weighted-average class a common shares outstanding - diluted | 56,324 | 56,283 | 56,255 | 56,268 | 56,268 | 56,215 | 56,151 | 56,183 | 56,173 | 56,059 | 49,729 | 55,361 | 43,677 | 43,634 | 42,393 | 43,631 | 42,772 | |||||||||||||||||||||||
| abandoned project costs | 5,732,000 | -0.58 | -0.58 | -0.58 | -0.58 | |||||||||||||||||||||||||||||||||||
| gain on sale of interest in unconsolidated entities | -916,000 | 7,323,000 | ||||||||||||||||||||||||||||||||||||||
| benefit from income taxes | -12,000 | -87,000 | -89,000 | -73,750 | -67,000 | 23,000 | 116,000 | -93,000 | -240,000 | -104,000 | -797,000 | -147,000 | -119,000 | -185,000 | -155,000 | |||||||||||||||||||||||||
| equity in loss of unconsolidated entities | -566,000 | -13,698,000 | -36,372,000 | -3,009,000 | -2,275,000 | -33,720,000 | -33,076,000 | -202,000 | -5,535,000 | -2,327,000 | -1,162,000 | -2,161,000 | -335,000 | |||||||||||||||||||||||||||
| litigation settlement | ||||||||||||||||||||||||||||||||||||||||
| net income attributable to non-controlling interests | 42,000 | 31,328,000 | 14,782,000 | -20,656,000 | 5,815,000 | 3,213,000 | 15,311,000 | 22,348,000 | 10,311,000 | 12,693,000 | 5,604,000 | 8,982,000 | 3,927,000 | 2,817,000 | 13,648,000 | 13,006,000 | -451,000 | -451,000 | 5,448,000 | 6,379,000 | -451,000 | -451,000 | ||||||||||||||||||
| net income attributable to seritage | 3,684,000 | -902,000 | -95,707,000 | -61,986,000 | 92,454,000 | -3,439,000 | -110,755,000 | -52,205,000 | 72,945,000 | -20,534,000 | -7,720,000 | -34,381,000 | -50,053,000 | 72,000 | -20,664,000 | -24,649,000 | -10,878,000 | -54,813,000 | -22,216,000 | -6,771,000 | 10,328,000 | |||||||||||||||||||
| litigation reserve | 8,883,250 | 533,000 | 35,000,000 | |||||||||||||||||||||||||||||||||||||
| (provision) for income taxes | -203,000 | 13,552,000 | 13,552,000 | 13,552,000 | 13,552,000 | |||||||||||||||||||||||||||||||||||
| (loss)/gain on sale of real estate | -1,015,000 | |||||||||||||||||||||||||||||||||||||||
| income before taxes | -66,962,000 | -33,097,000 | -26,311,000 | -11,071,000 | -25,764,250 | -72,175,000 | 130,000 | -31,012,000 | -13,294,500 | -16,522,000 | -25,739,000 | |||||||||||||||||||||||||||||
| (provision)/benefit from income taxes | -25,000 | |||||||||||||||||||||||||||||||||||||||
| management and other fee income / | 149,500 | 184,000 | ||||||||||||||||||||||||||||||||||||||
| gain / (loss) on sale of real estate | 16,269,750 | 22,774,000 | ||||||||||||||||||||||||||||||||||||||
| benefit from taxes | -49,500 | -38,000 | -53,750 | -226,000 | -26,000 | 37,000 | -20,750 | 40,000 | -146,000 | |||||||||||||||||||||||||||||||
| income / (loss) before taxes | -95,006,000 | |||||||||||||||||||||||||||||||||||||||
| benefit for taxes | -298,000 | 138,000 | ||||||||||||||||||||||||||||||||||||||
| net income / | -95,304,000 | |||||||||||||||||||||||||||||||||||||||
| net income / (loss) attributable to non-controlling interests | 22,464,000 | |||||||||||||||||||||||||||||||||||||||
| net income / (loss) attributable to seritage | -72,840,000 | |||||||||||||||||||||||||||||||||||||||
| weighted-average class a and class c common shares outstanding - basic | 39,477 | 38,298 | 38,645 | 38,634 | 37,232 | 36,413 | 36,829 | 36,291 | 35,671 | 35,560 | 35,598 | 35,483 | 35,414 | 33,774 | ||||||||||||||||||||||||||
| weighted-average class a and class c common shares outstanding - diluted | 39,477 | 38,298 | 38,645 | 38,634 | 37,232 | 36,413 | 36,829 | 36,291 | 35,671 | 35,560 | 35,598 | 35,483 | 35,501 | 33,841 | ||||||||||||||||||||||||||
| equity in loss of unconsolidated joint ventures | -1,322,000 | -3,656,000 | -5,616,000 | -9,944,000 | -1,751,500 | -2,266,000 | -2,158,000 | |||||||||||||||||||||||||||||||||
| net (income) loss attributable to non-controlling interests | -32,000 | 3,831,000 | -5,873,000 | -6,762,000 | 31,384 | 31,384 | ||||||||||||||||||||||||||||||||||
| equity in income of unconsolidated joint ventures | -894,000 | 1,222,000 | -2,582,000 | -3,686,000 | 6,314,000 | -1,542,000 | 1,002,000 | 912,000 | 2,086,000 | 31,384 | 31,384 | |||||||||||||||||||||||||||||
| rental revenue | 32,277,000 | 46,833,000 | 38,697,000 | 43,578,000 | ||||||||||||||||||||||||||||||||||||
| benefit from doubtful accounts | 87,000 | 109,000 | 61,000 | 68,000 | 3,000 | 12,000 | 39,000 | |||||||||||||||||||||||||||||||||
| change in fair value of interest rate cap | -16,000 | 2,720,000 | 2,720,000 | 2,720,000 | 2,720,000 | |||||||||||||||||||||||||||||||||||
| net income (income) attributable to seritage | -16,903,000 | -6,967,000 | ||||||||||||||||||||||||||||||||||||||
| tenant reimbursements | 12,962,000 | 15,326,000 | 12,517,000 | 16,698,000 | 15,881,000 | 11,218,000 | 15,708,000 | 16,224,000 | 15,940,000 | 17,778,000 | ||||||||||||||||||||||||||||||
| operating income | -13,098,000 | -20,209,000 | -24,813,000 | -7,370,000 | -17,997,000 | 5,292,000 | -14,665,000 | -16,742,000 | 2,765,000 | 396,000 | -2,814,000 | -2,814,000 | ||||||||||||||||||||||||||||
| yoy | -27.22% | -481.88% | 69.20% | -55.98% | 8.74% | -131.98% | -630.38% | -4327.78% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||
| qoq | -35.19% | -18.55% | 236.68% | -59.05% | -440.08% | -136.09% | -12.41% | 1.16% | -698.55% | -698.55% | 598.23% | -102.39% | ||||||||||||||||||||||||||||
| operating margin % | ||||||||||||||||||||||||||||||||||||||||
| income before gain on sale of real estate | -30,641,000 | -52,145,000 | -44,789,000 | |||||||||||||||||||||||||||||||||||||
| gain on sale of interests in unconsolidated joint ventures | 12,674,000 | 12,674,000 | 12,674,000 | 12,674,000 | ||||||||||||||||||||||||||||||||||||
| net income (income) attributable to non-controlling interests | 2,621,500 | 12,528,000 | -16,550,000 | -16,550,000 | -16,550,000 | -16,550,000 | ||||||||||||||||||||||||||||||||||
| unrealized loss on interest rate cap | -172,000 | -91,000 | -31,000 | -124,000 | -471,000 | 0.00% | 0.00% | -480,000 | -1,371,000 | |||||||||||||||||||||||||||||||
| unrealized gain on interest rate cap | 165,000 | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||||
| litigation charge | ||||||||||||||||||||||||||||||||||||||||
| acquisition-related expenses | 73,000 | |||||||||||||||||||||||||||||||||||||||
| gain on sale of interest in unconsolidated joint venture | 43,729,000 | |||||||||||||||||||||||||||||||||||||||
| net income attributable to common shareholders | 10,514,000 | -5,304,750 | -21,219,000 | -19,838,000 | -7,117,000 | -8,335,000 | ||||||||||||||||||||||||||||||||||
| weighted-average class a and class c common shares outstanding - basic and diluted | 31,386 | 33,766 | 33,510 | -2,814,000 | -2,814,000 | 31,391 | ||||||||||||||||||||||||||||||||||
| allowance for doubtful accounts | 145,000 | |||||||||||||||||||||||||||||||||||||||
| weighted-average class a and class c common shares outstanding—basic and diluted | 31,391 | |||||||||||||||||||||||||||||||||||||||
| interest income | 18,340,000 | 18,340,000 | 18,340,000 | 18,340,000 |
We provide you with 20 years income statements for Seritage Growth Properties stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Seritage Growth Properties stock. Explore the full financial landscape of Seritage Growth Properties stock with our expertly curated income statements.
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