Seritage Growth Properties income statement
In fiscal 2025, Seritage Growth Properties reported revenue of $18.2m, up 3.3% on the year before and net income of −$73.1m, or −$1.30 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 249 | 241 | 215 | 169 | 116 | 117 | 107 | 21 | 18 | 18 | 13 |
| General and administrative | 17 | 28 | 35 | 39 | 29 | 42 | 48 | 46 | 30 | 32 | 20 |
| Operating income | −30 | −115 | — | — | — | — | — | — | — | — | — |
| Interest expense | 64 | 70 | 90 | 95 | 91 | 108 | 87 | 45 | 25 | 20 | 16 |
| Income before tax | −91 | −121 | −115 | −90 | −153 | −39 | −120 | −155 | −152 | −68 | −54 |
| Income tax | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| Net income | −52 | −74 | −73 | −59 | −105 | −28 | −74 | −155 | −158 | −73 | −59 |
| Diluted EPS | −$1.64 | −$2.19 | −$2.20 | −$1.77 | −$2.87 | −$0.78 | −$1.59 | −$2.85 | −$2.82 | −$1.30 | −$1.04 |
| Diluted shares (average) | 31m | 34m | 36m | 36m | 38m | 42m | 50m | 56m | 56m | 56m | 56m |
| EBITDA | 147 | 148 | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 4 | 5 | 5 | 5 | 4 | 2 | 2 |
| General and administrative | 7 | 7 | 16 | 6 | 5 | 5 | 5 | 5 |
| Interest expense | 6 | 6 | 5 | 5 | 5 | 5 | 3 | 3 |
| Income before tax | −22 | −11 | −22 | −28 | −12 | −5 | −30 | −6 |
| Income tax | 0 | 0 | −0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −23 | −13 | −23 | −30 | −14 | −6 | −32 | −7 |
| Diluted EPS | −$0.41 | −$0.23 | −$0.42 | −$0.53 | −$0.24 | −$0.11 | −$0.56 | −$0.13 |
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