Seritage Growth Properties (SRG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 2M | 4.17M | 4.79M | 4.65M | 4.6M | 4.38M | 3.25M | 4.17M | 5.77M | 9.17M | 5.05M | 5.88M | 680K | 22.95M | 23.5M | 29.7M | 30.91M | 28.52M | 29M | 27.87M |
| Revenue Growth % | -56.53% | -4.91% | 47.19% | 11.71% | -20.34% | -52.2% | -35.6% | -29.21% | 748.97% | -60.04% | -78.52% | -80.19% | -97.8% | -19.56% | -18.97% | 6.57% | -1.2% | 3.16% | -13.96% | 27.75% |
| Property Operating Expenses | 2.54M | 4.42M | 4.23M | 3.93M | 3.86M | 4.58M | 5.23M | 6.56M | 5.07M | 4.55M | 5.77M | 7.37M | 9.72M | 13.13M | 16.18M | 17.23M | 19.18M | 18.99M | 20.13M | 20.35M |
| Net Operating Income (NOI) | -544K | -250K | 553K | 724K | 738K | -199K | -1.98M | -2.39M | 707K | 4.61M | -720K | -1.48M | -9.04M | 9.82M | 7.32M | 12.48M | 11.72M | 9.53M | 8.88M | 7.53M |
| NOI Margin % | -27.21% | -6% | 11.56% | 15.56% | 16.05% | -4.54% | -60.84% | -57.47% | 12.25% | 50.32% | -14.26% | -25.19% | -1329.71% | 42.78% | 31.14% | 42.01% | 37.93% | 33.42% | 30.6% | 27% |
| Operating Expenses | 4.89M | 5.63M | 6.62M | 6.17M | 17.77M | 9.04M | 11.55M | 6.87M | 14.46M | 18.48M | 10.94M | 14.25M | 16.78M | 25.98M | 19.98M | 21.76M | 21.03M | 21.52M | 21.94M | 25.32M |
| G&A Expenses | 4.89M | 5.16M | 4.92M | 6.17M | 15.69M | 6.78M | 7.18M | 6.87M | 9.19M | 15.64M | 8.03M | 10.1M | 12.22M | 16.64M | 10.81M | 11.09M | 9.09M | 9.95M | 8.78M | 11.99M |
| EBITDA | -5.04M | -5.38M | -4.34M | -3.41M | -14.91M | -6.93M | -9.09M | -8.06M | -8.45M | -10.99M | -8.71M | -11.54M | -21.21M | -6.77M | -3.44M | 1.44M | 2.7M | -348K | 96K | -4.46M |
| EBITDA Margin % | -251.89% | -129.01% | -90.68% | -73.24% | -324.24% | -158.19% | -279.51% | -193.41% | -146.32% | -119.85% | -172.44% | -196.06% | -3119.71% | -29.52% | -14.63% | 4.85% | 8.72% | -1.22% | 0.33% | -16.01% |
| Depreciation & Amortization | 400K | 505K | 1.73M | 2.04M | 2.12M | 2.3M | 4.45M | 1.21M | 5.31M | 2.88M | 2.96M | 4.2M | 4.61M | 9.39M | 9.22M | 10.72M | 12M | 11.63M | 13.16M | 13.33M |
| D&A / Revenue % | 20.01% | 12.12% | 36.11% | 43.84% | 46.05% | 52.53% | 136.76% | 29.1% | 91.96% | 31.42% | 58.6% | 71.31% | 678.24% | 40.92% | 39.25% | 36.11% | 38.83% | 40.79% | 45.37% | 47.82% |
| Operating Income | -5.44M | -5.88M | -6.07M | -5.45M | -17.03M | -9.23M | -13.53M | -9.27M | -13.76M | -13.87M | -11.66M | -15.73M | -25.83M | -16.16M | -12.66M | -9.28M | -9.3M | -11.98M | -13.06M | -17.79M |
| Operating Margin % | -271.9% | -141.13% | -126.79% | -117.09% | -370.3% | -210.73% | -416.27% | -222.5% | -238.28% | -151.28% | -231.04% | -267.37% | -3797.94% | -70.45% | -53.88% | -31.26% | -30.1% | -42.01% | -45.04% | -63.83% |
| Interest Expense | 371K | 1000K | 834K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | -73.89x | -0.10x | -13.80x | -1.46x | -3.28x | -1.01x | -2.16x | -14.88x | -1.71x | 1.52x | 0.92x | -6.64x | -3.08x | 5.69x | 0.85x | -5.26x | -1.96x | 4.58x | -0.49x | -0.61x |
| Non-Operating Income | 21.98M | -5.41M | 5.45M | 2.04M | 132K | -3.52M | 1.43M | 84.2M | -1.79M | -24.63M | -20.61M | 67.48M | 20.97M | -127.42M | -32.21M | 109.93M | 35.07M | -131.71M | 0 | 0 |
| Pretax Income | -30.32M | -5.08M | -12.35M | -28.39M | -22.39M | -11.34M | -21.89M | -99.75M | -18.97M | 3.68M | -813K | -95.75M | -62M | 92.63M | -3.41M | -141.88M | -66.96M | 93.6M | -26.31M | -95.01M |
| Pretax Margin % | -1516.43% | -122.03% | -258.04% | -610.17% | -486.89% | -258.76% | -673.21% | -2394.86% | -328.67% | 40.18% | -16.11% | -1627.21% | -9117.5% | 403.68% | -14.53% | -477.65% | -216.67% | 328.13% | -90.72% | -340.84% |
| Income Tax | 1.23M | 0 | 75K | 115K | -190K | 12K | 87K | 1.47M | 11K | 0 | 89K | -38K | -13K | 171K | 67K | 203K | 25K | -2K | 38K | 298K |
| Effective Tax Rate % | -4.04% | 0% | -0.61% | -0.41% | 0.85% | -0.11% | -0.4% | -1.48% | -0.06% | 0% | -10.95% | 0.04% | 0.02% | 0.18% | -1.96% | -0.14% | -0.04% | -0% | -0.14% | -0.31% |
| Net Income | -31.54M | -5.08M | -12.42M | -28.51M | -22.2M | -11.35M | -21.97M | -101.23M | -18.98M | 3.68M | -902K | -95.71M | -61.99M | 92.45M | -3.44M | -110.75M | -52.2M | 72.94M | -20.53M | -72.84M |
| Net Margin % | -1577.7% | -122.03% | -259.6% | -612.64% | -482.76% | -259.04% | -675.88% | -2430.25% | -328.86% | 40.18% | -17.87% | -1626.56% | -9115.59% | 402.94% | -14.63% | -372.86% | -168.92% | 255.72% | -70.8% | -261.32% |
| Net Income Growth % | -42.07% | 55.2% | 43.47% | 71.84% | -16.95% | -408.12% | -2336.03% | -5.77% | 69.37% | -96.02% | 73.77% | 13.59% | -18.74% | 26.74% | 83.25% | -52.05% | -576.23% | 312.17% | 58.98% | -101266.67% |
| Funds From Operations (FFO) | -31.14M | -4.58M | -10.69M | -26.47M | -20.08M | -9.05M | -17.53M | -100.02M | -13.68M | 6.57M | 2.06M | -91.51M | -57.37M | 101.84M | 5.78M | -100.03M | -40.21M | 84.58M | -7.38M | -59.51M |
| FFO Margin % | -1557.7% | -109.91% | -223.49% | -568.79% | -436.7% | -206.5% | -539.13% | -2401.15% | -236.9% | 71.61% | 40.73% | -1555.25% | -8437.35% | 443.86% | 24.61% | -336.76% | -130.1% | 296.51% | -25.43% | -213.5% |
| FFO Growth % | -55.06% | 49.39% | 38.99% | 73.54% | -46.86% | -237.84% | -952.48% | -9.29% | 76.16% | -93.55% | -64.45% | 8.52% | -42.7% | 20.41% | 178.43% | -68.08% | -841.53% | 526.53% | 73.61% | -350.74% |
| FFO per Share | -0.55 | -0.08 | -0.19 | -0.47 | -0.36 | -0.16 | -0.31 | -1.78 | -0.24 | 0.12 | 0.04 | -1.63 | -1.02 | 1.80 | 0.10 | -2.29 | -0.92 | 1.94 | -0.17 | -1.39 |
| FFO Payout Ratio % | 0% | 0% | -11.46% | 0% | -6.1% | 0% | -6.99% | 0% | 0% | 18.66% | 59.58% | 0% | 0% | 1.2% | 21.18% | 0% | 0% | 1.45% | 0% | 0% |
| EPS (Diluted) | -0.56 | -0.12 | -0.24 | -0.53 | -0.42 | -0.22 | -0.41 | -1.82 | -0.36 | 0.04 | -0.02 | -1.70 | -1.13 | 1.62 | -0.06 | -3.25 | -1.54 | 1.64 | -0.47 | -1.70 |
| EPS Growth % | -33.33% | 45.45% | 41.46% | 70.88% | -16.67% | -602.28% | -2446.58% | -7.06% | 68.14% | -97.3% | 74.4% | 47.69% | 26.62% | -1.22% | 86.62% | -91.18% | -670% | 284.27% | 63.85% | - |
| EPS (Basic) | -0.56 | -0.12 | -0.24 | -0.53 | -0.42 | -0.22 | -0.41 | -1.82 | -0.36 | 0.04 | -0.02 | -1.70 | -1.13 | 1.63 | -0.06 | -3.25 | -1.54 | 1.64 | -0.47 | -1.70 |
| Diluted Shares Outstanding | 56.32M | 56.31M | 56.32M | 56.32M | 56.28M | 56.27M | 56.27M | 56.27M | 56.22M | 56.19M | 56.18M | 56.17M | 56.06M | 56.47M | 55.36M | 43.68M | 43.63M | 43.63M | 43.63M | 42.77M |