Seritage Growth Properties (SRG) - Net Assets
Based on the latest financial reports, Seritage Growth Properties (SRG) has net assets worth $339.09 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($558.61 Million) and total liabilities ($219.52 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Seritage Growth Properties (SRG) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $339.09 Million |
| % of Total Assets | 60.7% |
| Annual Growth Rate | -13.96% |
| 5-Year Change | -54.03% |
| 10-Year Change | N/A |
| Growth Volatility | 7.04 |
Seritage Growth Properties - Net Assets Trend (2015–2024)
This chart illustrates how Seritage Growth Properties's net assets have evolved over time, based on quarterly financial data. Also explore Seritage Growth Properties total assets for the complete picture of this company's asset base.
Annual Net Assets for Seritage Growth Properties (2015–2024)
The table below shows the annual net assets of Seritage Growth Properties from 2015 to 2024. For live valuation and market cap data, see SRG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $405.80 Million | -27.94% |
| 2023-12-31 | $563.16 Million | -22.06% |
| 2022-12-31 | $722.60 Million | -14.47% |
| 2021-12-31 | $844.80 Million | -4.30% |
| 2020-12-31 | $882.73 Million | -15.40% |
| 2019-12-31 | $1.04 Billion | -9.31% |
| 2018-12-31 | $1.15 Billion | -12.90% |
| 2017-12-31 | $1.32 Billion | -7.26% |
| 2016-12-31 | $1.42 Billion | -9.28% |
| 2015-12-31 | $1.57 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Seritage Growth Properties's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 92063300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $562.00K | 0.14% |
| Other Components | $1.36 Billion | 336.91% |
| Total Equity | $404.46 Million | 100.00% |
Seritage Growth Properties Competitors by Market Cap
The table below lists competitors of Seritage Growth Properties ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GOLFZON NEWDIN HOLDINGS Co. Ltd
KQ:121440
|
$152.13 Million |
|
Aroa Biosurgery Ltd
AU:ARX
|
$152.13 Million |
|
Prospect Resources Ltd
AU:PSC
|
$152.16 Million |
|
Jagsonpal Pharmaceuticals Limited
NSE:JAGSNPHARM
|
$152.18 Million |
|
PBA Holdings Bhd
KLSE:5041
|
$152.08 Million |
|
Esenboga Elektrik Uretim AS
IS:ESEN
|
$152.05 Million |
|
Rentokil Initial PLC
LSE:RTO
|
$151.94 Million |
|
Garda Property Group
AU:GDF
|
$151.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seritage Growth Properties's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 561,990,000 to 404,456,000, a change of -157,534,000 (-28.0%).
- Net loss of 153,536,000 reduced equity.
- Dividend payments of 4,900,000 reduced retained earnings.
- Share repurchases of 586,000 reduced equity.
- Other comprehensive income decreased equity by 563,164,000.
- Other factors increased equity by 564,652,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-153.54 Million | -37.96% |
| Dividends Paid | $4.90 Million | -1.21% |
| Share Repurchases | $586.00K | -0.14% |
| Other Comprehensive Income | $-563.16 Million | -139.24% |
| Other Changes | $564.65 Million | +139.61% |
| Total Change | $- | -28.03% |
Book Value vs Market Value Analysis
This analysis compares Seritage Growth Properties's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.38x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.10x to 0.38x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $28.25 | $2.70 | x |
| 2016-12-31 | $25.61 | $2.70 | x |
| 2017-12-31 | $26.23 | $2.70 | x |
| 2018-12-31 | $21.96 | $2.70 | x |
| 2019-12-31 | $20.09 | $2.70 | x |
| 2020-12-31 | $16.95 | $2.70 | x |
| 2021-12-31 | $16.22 | $2.70 | x |
| 2022-12-31 | $14.49 | $2.70 | x |
| 2023-12-31 | $10.01 | $2.70 | x |
| 2024-12-31 | $7.19 | $2.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seritage Growth Properties utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -37.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -871.27%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.68x
- Recent ROE (-37.96%) is below the historical average (-13.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -2.52% | -19.74% | 0.04x | 3.20x | $-111.01 Million |
| 2016 | -6.41% | -20.73% | 0.09x | 3.37x | $-132.01 Million |
| 2017 | -8.32% | -30.60% | 0.09x | 3.13x | $-162.42 Million |
| 2018 | -9.41% | -34.21% | 0.07x | 3.68x | $-151.55 Million |
| 2019 | -8.12% | -35.22% | 0.06x | 3.76x | $-132.54 Million |
| 2020 | -16.18% | -90.15% | 0.04x | 4.08x | $-169.93 Million |
| 2021 | -4.09% | -24.12% | 0.05x | 3.51x | $-96.92 Million |
| 2022 | -10.26% | -69.07% | 0.06x | 2.56x | $-145.99 Million |
| 2023 | -27.56% | -745.52% | 0.02x | 1.73x | $-211.11 Million |
| 2024 | -37.96% | -871.27% | 0.03x | 1.68x | $-193.98 Million |
Industry Comparison
This section compares Seritage Growth Properties's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $6,962,097,610
- Average return on equity (ROE) among peers: -177.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seritage Growth Properties (SRG) | $339.09 Million | -2.52% | 0.65x | $152.08 Million |
| reAlpha Tech Corp. Common Stock (AIRE) | $1.57 Million | -1660.19% | 6.65x | $42.58 Million |
| Avalon GloboCare Corp. (ALBT) | $7.10 Million | -111.27% | 1.95x | $3.37 Million |
| American Realty Investors Inc (ARL) | $816.51 Million | 0.49% | 0.25x | $235.34 Million |
| Altisource Portfolio Solutions SA (ASPS) | $86.35 Million | 30.08% | 0.40x | $76.47 Million |
| Ke Holdings Inc (BEKE) | $66.79 Billion | 4.16% | 0.56x | $18.34 Billion |
| CBRE Group Inc Class A (CBRE) | $784.29 Million | 4.25% | 5.43x | $42.20 Billion |
| Comstock Holding Companies Inc (CHCI) | $6.63 Million | -68.11% | 4.29x | $158.95 Million |
| Compass Inc (COMP) | $-681.60 Million | 0.00% | 0.00x | $5.49 Billion |
| CoStar Group Inc (CSGP) | $359.01 Million | 5.21% | 0.13x | $14.72 Billion |
| Cushman & Wakefield plc (CWK) | $1.45 Billion | 17.26% | 4.45x | $2.99 Billion |
About Seritage Growth Properties
Prior to the adoption of the Company's Plan of Sale, 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 September 30, 2025, the Company's portfolio consisted of interests in 13 properties comprised of approximately 1.3 million square feet of gross leasable ar… Read more