NYSE$SRG

Seritage Growth Properties · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Seritage reported Q4 2024 total revenue of $17.6M with a net loss attributable to common shareholders of $12.6M.

Total revenue was $17.6 million for the quarter ended December 31, 2024, from rental and fee income. Net loss attributable to common shareholders was $12.6 million ($(0.22) per share). Asset sales, redevelopment funding, and liquidity remain focal in MD&A.

  • Q4 total revenue $17.6M.
  • Net loss to common shareholders $12.6M.
  • NOI-cash basis at share $3.5M for the quarter.
  • Asset sales and financing support liquidity planning.

Headline financials

Total Revenue

$17.6M

Previous: $9.17M+92.2%
EPS (adj)

-$0.22

Previous: $0.04-650.0%
NOI-cash basis at share

$3.52K

No prior period
Capital Expenditures

$0.00

Previous: $0.00
Net Income

-$12.6M

Previous: $2.46M-611.4%
Operating Income

-$51.5K

No prior period

Revenue & EPS history

Seritage · Revenue · Quarterly

$17.6M

Q4 2024+92.2%vs Q4 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

Forward guidance

REIT outlook centers on occupancy, rent growth, and refinancing costs.

Tailwinds

  • Contractual rent escalators and leasing momentum in core markets.
  • Balance-sheet extensions can lower near-term maturities.

Headwinds

  • Interest rates affect cap rates and FFO.
  • Tenant demand varies by property type and geography.

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 Q4 2024

Historical avgQ4 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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