Seritage Growth Properties (SRG) to Release Quarterly Earnings on Thursday

Seritage Growth Properties (NYSE:SRG) is set to post its quarterly earnings results after the market closes on Thursday, November 1st.

Seritage Growth Properties (NYSE:SRG) last released its earnings results on Thursday, August 2nd. The financial services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.21). The firm had revenue of $49.27 million during the quarter. Seritage Growth Properties had a negative net margin of 13.20% and a negative return on equity of 2.50%. Seritage Growth Properties’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 earnings per share.

NYSE SRG traded up $0.29 during trading on Tuesday, hitting $38.43. The stock had a trading volume of 6,679 shares, compared to its average volume of 707,611. The company has a market cap of $1.42 billion, a P/E ratio of 42.51 and a beta of 1.24. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.51 and a quick ratio of 5.51. Seritage Growth Properties has a twelve month low of $34.07 and a twelve month high of $51.89.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Monday, December 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Friday, December 28th.

Seritage Growth Properties Company Profile

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 222 wholly-owned properties and 26 joint venture properties totaling approximately 39 million square feet of space across 49 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.

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Earnings History for Seritage Growth Properties (NYSE:SRG)

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