Seritage Growth Properties
SRG · XNYSCIK 1628063fmd_1Y8V8782E4C3SMBWSWMV4MJMATFinance, Insurance and Real Estate · Real EstateTemplate: Real estate
Coverage: Jan 01, 2015 to Jun 30, 2026, 44 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Rental revenue | 186 | 236 | 216 | 151 | 119 | 113 | 103 | 32 | 18 | 17 |
| Total revenues | 249 | 241 | 215 | 169 | 116 | 117 | 107 | 21 | 18 | 18 |
| Real estate taxes | 44 | 46 | 42 | 39 | 37 | 35 | 24 | 6 | 4 | 2 |
| Depreciation and amortization | 177 | 262 | 227 | 105 | 96 | 51 | 41 | 14 | 13 | 6 |
| Gain on sale of real estate | – | 11 | 96 | 71 | 89 | 222 | 212 | 96 | 11 | 20 |
| Impairment of real estate | 0 | 0 | 0 | 0 | 64 | 96 | 127 | 107 | 88 | 19 |
| Operating income | (30) | (115) | – | – | – | – | – | – | – | – |
| Funds from operations (NAREIT definition, derived) | 126 | 177 | 57 | (26) | (33) | (103) | (118) | (130) | (64) | (63) |
| Interest expense | 64 | 70 | 90 | 95 | 91 | 108 | 87 | 45 | 25 | 20 |
| Interest and investment income | 0 | 1 | 8 | 7 | 3 | 9 | 38 | 17 | – | – |
| Income before taxes | (91) | (121) | (115) | (90) | (153) | (39) | (120) | (155) | (152) | (68) |
| Income tax expense | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Net income from continuing operations | (91) | (121) | (115) | (91) | (153) | (39) | (120) | (155) | (154) | (68) |
| Net income | (52) | (74) | (73) | (59) | (105) | (28) | (74) | (155) | (154) | (68) |
| Net income to common shareholders | (52) | (74) | (78) | (64) | (110) | (33) | (79) | (160) | (158) | (73) |