NYSE$SRG

Seritage Growth Properties · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

SRG Q1 2024 — $30.0M revenue

There can be no assurance that the review process will result in any transaction or that the Company will be successful in fully executing the Plan of Sale. Seritage Growth Properties reported Q1 2024 results. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $30.0M.
  • Operating income: $2K.
  • Filed on Form 10-Q (accession 0000950170-24-057853).

Headline financials

Total Revenue

$5.77M

Previous: $680K+749.0%
EPS (adj)

-$0.36

Previous: -$1.13+68.1%
Capital Expenditures

-$12.5M

Previous: -$32M+61.0%
Free Cash Flow

-$31.5M

Previous: -$94M+66.5%
Net Income

-$19M

Previous: -$62M+69.4%
Operating Income

-$13.5M

Previous: -$163M+91.7%
Gross Profit

$2.1M

Previous: -$7.51M+128.0%
Stock-Based Comp

$644K

Previous: $774K-16.8%

Revenue & EPS history

Seritage · Revenue · Quarterly

$5.77M

Q1 2024+749%vs Q1 2023
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

Revenue by segment

Seritage · $2.05M total across 2 segments · Q1 2026

  • Rental income
    $1.91M
  • Management and other fee income
    $141K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.1%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+2.2%

Avg return

30 days after

51%

22 / 43 earnings

Positive

+17.9%

Q2 2024

Best reaction

-27.3%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+5.3%+7.3%
Q1 2026+0.8%-10.0%+1.2%
Q3 2025-10.9%-17.3%-17.8%
Q2 2025+12.0%+20.6%+46.7%
Q1 2025-1.4%-3.4%+1.4%
Q4 2024+2.2%+6.2%+6.2%
Q3 2024-1.9%-8.5%+0.7%
Q2 2024+17.9%+15.3%+19.2%
Q1 2024-27.3%-31.5%-43.7%
Q4 2023+0.4%-0.7%-3.4%
Q3 2023+15.8%+21.0%+23.1%
Q2 2023-9.8%-10.7%-13.9%
Q1 2023-0.4%+1.1%+13.6%
Q4 2022-4.9%-13.3%-13.7%
Q3 2022+1.5%+3.9%+5.1%
Q2 2022+6.5%+15.1%+5.3%
Q1 2022-9.5%-13.2%-20.4%
Q4 2021+1.4%+8.3%+9.1%
Q3 2021+1.6%+3.7%-13.0%
Q2 2021-1.1%-5.1%-6.0%
Q1 2021-6.3%-7.6%-8.1%
Q4 2020+1.2%-1.1%-19.4%
Q3 2020-11.7%+11.0%+53.4%
Q2 2020+15.3%+30.7%+61.0%
Q1 2020+3.2%-3.0%+96.2%
Q4 2019-4.3%-10.4%-77.7%
Q3 2019+0.8%+2.1%-4.2%
Q2 2019-3.0%-3.5%-6.4%
Q1 2019+3.9%+3.3%-5.7%
Q4 2018-0.2%+2.1%+0.2%
Q3 2018-0.1%-1.1%-0.2%
Q2 2018+1.0%-0.2%+6.2%
Q1 2018+3.2%+4.7%+15.9%
Q4 2017-8.4%-12.4%-13.9%
Q3 2017-1.8%-1.6%-3.6%
Q2 2017+4.8%+1.9%+2.6%
Q1 2017-3.7%-5.1%-3.0%
Q4 2016-1.9%-3.5%-9.6%
Q3 2016+0.4%-0.1%+9.0%
Q2 2016-1.2%+2.3%-7.3%
Q1 2016+1.3%
Q4 2015+8.6%
Q3 2015-4.1%
Q1 2015

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