SRG - NYSE

Seritage Growth Properties

Seritage Growth Properties

SRGยทNYSE

$2.78

+1.3%
Real EstateREIT - Retail

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties totaling approximately 30.4 million square feet of space across 44 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015. The Company's mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experiences for consumers and local communities, and create long-term value for our shareholders.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$156.58M
EPS-1.3000
P/E Ratio-2.14
Earnings Date08/13/2026
Seritage Growth Properties

Seritage Growth Properties Fair Value Envelope

SRG ยท NYSE

Our analysis suggests that SRG has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $2.78, this represents a potential HIDDEN relative to our calculated worth for Seritage Growth Properties.

HIDDEN
Intrinsic Value
Current Price: $2.78

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$1.4B
+ Cash & Equivalents$48.1M
Firm Value-$1.4B
- Debt$47.7M
Equity Value-$1.4B
/ Shares Outstanding56,324,607B
DCF Value-$26
OVERVALUED BY 1017%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$47.1M
-$63.4M
-$85.5M
-$115.3M
-$155.5M
-$209.6M
-$282.6M
-$381.0M
-$513.6M
-$692.4M
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
-$47.1M
-$63.4M
-$85.5M
-$115.3M
-$155.5M
-$209.6M
-$282.6M
-$381.0M
-$513.6M
-$692.4M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$43.6M
-$54.4M
-$67.9M
-$84.8M
-$105.8M
-$132.1M
-$164.9M
-$205.8M
-$256.9M
-$320.7M
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.

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