Seritage Growth Properties (SRG) Revenue History
Annual and quarterly revenue from 2015 to 2024
Compound Annual Growth Rate (CAGR)
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SRG Revenue Growth
Revenue Breakdown (FY 2018)
SRG's revenue distribution by segment and geography for fiscal year 2018
By Product/Segment
SRG Revenue Analysis (2015–2024)
As of May 8, 2026, Seritage Growth Properties (SRG) generated trailing twelve-month (TTM) revenue of $18.4 million, reflecting explosive growth of +47.2% year-over-year. The most recent quarter (Q3 2025) recorded $4.8 million in revenue, up 2.8% sequentially.
Looking at the longer-term picture, SRG's 5-year compound annual growth rate (CAGR) stands at -36.3%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $248.7 million in 2016.
Revenue diversification analysis shows SRG's business is primarily driven by Tenant Reimbursements (98%), and Management Service (2%). With over half of revenue concentrated in Tenant Reimbursements, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including CBL (+12.2% YoY), MAC (+5.1% YoY), and SKT (+10.5% YoY), SRG has outperformed the peer group in terms of revenue growth. Compare SRG vs CBL →
SRG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SRGCurrent | $18M | +47.2% | -36.3% | -259.9% | |
 CBL | $578M | +12.2% | +0.1% | 24.2% | |
 MAC | $1.0B | +5.1% | +5.3% | 16.5% | |
 SKT | $582M | +10.5% | +8.3% | 30.2% | |
 SPG | $6.4B | +6.7% | +6.7% | 49.9% | |
 BRX | $1.4B | +6.6% | +5.4% | 36.7% |
SRG Historical Revenue Data (2015–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $17.6M | -15.2% | $-2,652,000 | -15.0% | $-45,791,000 | -259.9% |
| 2023 | $20.8M | -80.6% | $-6,631,000 | -31.9% | $-67,090,000 | -322.9% |
| 2022 | $107.1M | -8.3% | $41.3M | 38.6% | $-47,413,000 | -44.3% |
| 2021 | $116.7M | +0.2% | $36.4M | 31.2% | $-56,728,000 | -48.6% |
| 2020 | $116.5M | -30.9% | $38.6M | 33.1% | $-86,283,000 | -74.1% |
| 2019 | $168.6M | -21.5% | $87.9M | 52.1% | $-55,822,000 | -33.1% |
| 2018 | $214.8M | -10.9% | $143.6M | 66.9% | $-118,117,000 | -55.0% |
| 2017 | $241.0M | -3.1% | $175.7M | 72.9% | $-114,567,000 | -47.5% |
| 2016 | $248.7M | +119.7% | $183.5M | 73.8% | $-30,447,000 | -12.2% |
| 2015 | $113.2M | - | $19.0M | 16.8% | $9.0M | 8.0% |
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Start ComparisonSRG — Frequently Asked Questions
Quick answers to the most common questions about buying SRG stock.
Is SRG's revenue growth accelerating or slowing?
SRG revenue is accelerating at +47.2% year-over-year, exceeding the 5-year CAGR of -36.3%. TTM revenue reached $18M. Growth momentum has increased versus prior periods.
What is SRG's long-term revenue growth rate?
Seritage Growth Properties's 5-year revenue CAGR of -36.3% reflects the sustained expansion pattern. Current YoY growth of +47.2% is above this long-term average.
How is SRG's revenue distributed by segment?
SRG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2024 are available for download. Segment mix reveals concentration and diversification trends.