NYSE$SRG
Seritage Growth Properties · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported financial and operating results for the third quarter of 2024.
Seritage Growth Properties reported a net loss attributable to common shareholders of ($23.2) million, or ($0.41) per share, for the three months ended September 30, 2024. The company generated $24.0 million of gross proceeds from the sale of an income producing asset reflecting a 8.5% capitalization rate.
- Generated $24.0 million of gross proceeds from the sale of an income producing asset reflecting a 8.5% capitalization rate.
- Subsequent to September 30, 2024, generated $17.1 million in gross proceeds from a vacant/non-income producing asset sold at $87.43 PSF eliminating $0.6 million of carry costs.
- As of September 30, 2024, the Company had cash on hand of $98.2 million, including $12.6 million of restricted cash.
- Signed two leases covering 5.5 thousand square feet in the third quarter at a projected average annual net rent of $65.57 PSF.
Headline financials
Revenue & EPS history
Seritage · Revenue · Quarterly
$3.25M
Revenue by segment
Seritage · $2.05M total across 2 segments · Q1 2026
- Rental income$1.91M—93.1%
- Management and other fee income$141K—6.9%
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 Q3 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
| Quarter | Report date | Reaction (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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