Event-Driven Stocks

Seritage Growth Properties

SRGNYSE

Real Estate · Real Estate · MD · SEC filings ↗ · Compare ⊕

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Signs3 good2 warning1 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$607,000$567,000$5.7M$2.4M$1.0M$293,000
Operating income
Net income−$68.2M−$153.5M−$154.9M−$73.9M−$28.1M−$105.0M
Total assets$393.8M$677.8M$973.9M$1.84B$2.41B$2.65B
Total liabilities$61.0M$272.0M$410.7M$1.12B$1.57B$1.77B
Equity$331.4M$404.5M$562.0M$720.5M$687.7M$649.0M
EPS (diluted)$-1.30$-2.82$-2.85$-1.59$-0.78$-2.87
Shares out.56.3M56.3M56.2M49.7M42.4M38.3M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
Net margin
−11238.1%
Return on equity
−20.6%
Return on assets
−17.3%
Return on capital (ROCE)
Liabilities / assets
15.5%
Debt / equity
0.18×
Book value / share
$5.89
Revenue growth (YoY)
7.1%
Net income growth (YoY)

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Accruals / assets
8.5%clean
Piotroski F-Score
4/7mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
67
/ 100
Profitability 0Growth 100Catalyst 67Earnings quality 67Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

1 severe2 warning3 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Reported a net loss
  • Negative operating cash flow
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Insider transactions

SEC Form 4 · most recent
1 acquisitions11 disposals2 open-market buy(s)net 160,262 shares · last 12
InsiderDateTypeSharesPrice
Yakira Capital Management, Inc.10% ownerMar 31, 2026Sell27,150$23.95
Yakira Capital Management, Inc.10% ownerFeb 23, 2026Sell7,375$23.95
Yakira Capital Management, Inc.10% ownerFeb 6, 2026Sell810$24.10
Yakira Capital Management, Inc.10% ownerFeb 4, 2026Sell2,554$24.13
Yakira Capital Management, Inc.10% ownerJan 26, 2026Sell5,072$24.13
Lampert Edward S10% ownerSep 9, 2025Sell40,000$4.40
Dinenberg EricOfficer — Chief Operating OfficerMar 15, 2025Tax withholding4,772$0.00
Fernand Matthew EOfficer — Chief Legal OfficerMar 15, 2025Tax withholding5,074$0.00
Olshan AndreaOfficer — CEO and PresidentMar 15, 2025Tax withholding26,605$0.00
Dinenberg EricOfficer — Chief Operating OfficerDec 18, 2024Tax withholding4,350$0.00
Yakira Capital Management, Inc.10% ownerMay 21, 2024Buy23,500$20.00
Ursa Fund Partners Lp10% ownerApr 8, 2024Buy60,000$23.68

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20264.8M23.0-0.9%
Apr 30, 20264.8M15.5+1.8%
Apr 15, 20264.7M20.2-1.1%
Mar 31, 20264.8M24.4-3.0%
Mar 13, 20264.9M23.8+1.3%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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