Seritage Growth Properties (SRG) Balance Sheet
SRG balance sheet, 2025
December 31, 2025 · U.S. dollars$393.8M assets = $61.0M liabilities + $332.8M equity
Both columns are drawn to the same scale: what SRG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SRG financial health
Descriptive bands, not a rating. Fiscal 2025.
SRG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.71B2016 | $393.8M2025 | −19.3%/yr | |
| Total liabilities | $1.29B2016 | $61.0M2025 | −28.7%/yr | |
| Shareholders’ equity | $1.42B2016 | $331.4M2025 | −15.0%/yr | |
| Cash & short-term investments | $52.0M2016 | $48.1M2025 | −0.9%/yr | |
| Total debt | $1.19B2016 | $47.7M2025 | −30.1%/yr | |
| Net cash (debt) | −$1.14B2016 | $411,0002025 | +$1.1B | |
| Working capital | $79.4M2016 | $38.5M2025 | −$41.0M | |
| Book value per share | $45.342016 | $5.892025 | −20.3%/yr | |
| Current ratio | 1.902016 | 3.892025 | +1.99 | |
| Debt / equity | 0.842016 | 0.142025 | −0.69 | |
| Shares outstanding | 31.4M2016 | 56.3M2025 | +6.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SRG assets
SRG liabilities and equity
SRG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SRG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $48.1M | $85.2M | $134.0M | $133.5M | $106.6M | $143.7M | $139.3M | $532.9M | $241.6M | $52.0M |
| Cash & equivalents | $48.1M | $85.2M | $134.0M | $133.5M | $106.6M | $143.7M | $139.3M | $532.9M | $241.6M | $52.0M |
| Short-term investments | — | — | — | $382.6M | $1.70B | — | — | — | $175.7M | $87.6M |
| Receivables | $3.7M | $7.9M | $12.2M | $41.5M | $29.1M | $46.6M | $54.5M | $36.9M | $30.8M | $23.2M |
| Inventory | $0 | $0 | −$920.0M | $1 | $1 | $1 | $0 | $2.0M | −$13.6M | −$9.9M |
| Other current assets | $0 | $12.5M | $989.6M | $477.7M | $17.2M | $18.0M | $16.3M | $10.7M | $195.8M | $102.7M |
| Total current assets | $51.8M | $105.6M | $215.8M | $652.7M | $152.9M | $208.3M | $210.0M | $582.4M | $454.6M | $167.9M |
| Property, plant & equipment (net) | $0 | $370.1M | $560.7M | $17.3M | $21.2M | $21.7M | $22.8M | $5.3M | $6.3M | $5.4M |
| Goodwill & intangible assets | $171,000 | $1.0M | $886,000 | $1.8M | $14.8M | $18.6M | $68.2M | $123.7M | $310.1M | $464.4M |
| Long-term investments | $156.2M | $189.7M | $196.4M | $382.6M | $498.6M | $457.0M | $445.1M | $398.6M | $283.0M | $425.0M |
| Other non-current assets | $185.6M | $11.3M | $0 | $787.3M | $1.73B | $1.94B | $2.00B | $1.77B | $1.72B | $1.65B |
| Total assets | $393.8M | $677.8M | $973.9M | $1.84B | $2.41B | $2.65B | $2.75B | $2.88B | $2.78B | $2.71B |
| Liabilities | ||||||||||
| Accounts payable | — | $32.0M | $42.3M | $25.5M | $36.0M | $44.8M | $34.4M | $22.5M | $9.6M | $26.5M |
| Short-term debt | $0 | $0 | $1.2M | $1.03B | $20.6M | $20.4M | $0 | $14.1M | $17.1M | $23.9M |
| Deferred revenue | — | — | −$769.5M | $5.0M | $6.5M | $6.0M | $8.3M | $20.5M | $14.7M | $2.0M |
| Total current liabilities | $13.3M | $32.0M | $43.4M | $81.9M | $88.0M | $123.3M | $79.2M | $104.1M | $81.1M | $88.5M |
| Long-term debt | $47.7M | $240.0M | $360.0M | $1.03B | $1.46B | $1.62B | $1.60B | $1.60B | $1.20B | $1.17B |
| Lease obligations | — | — | — | $5.9M | $20.6M | $28.6M | $7.7M | — | — | — |
| Other long-term liabilities | $0 | $0 | $7.3M | $7.5M | $21.4M | $23.6M | $29.5M | $23.5M | $171.6M | $32.5M |
| Total liabilities | $61.0M | $272.0M | $410.7M | $1.12B | $1.57B | $1.77B | $1.71B | $1.73B | $1.45B | $1.29B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $562,000 | $562,000 | $562,000 | $561,000 | $436,000 | $389,000 | $381,000 | $370,000 | $1.12B | $925.9M |
| Retained earnings (deficit) | −$1.03B | −$958.8M | −$800.3M | −$640.5M | −$553.8M | −$528.6M | −$418.7M | −$344.1M | −$229.8M | −$121.3M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | $563.2M | $0 | $0 | $0 | $1.04B | $1.15B | −$139.5M | −$89.9M |
| Minority interest | $1.4M | $1.3M | $1.2M | $2.1M | $157.1M | $233.7M | $312.0M | $369.7M | $434.2M | $619.8M |
| Total shareholders' equity | $331.4M | $404.5M | $562.0M | $722.6M | $844.8M | $882.7M | $731.4M | $1.15B | $886.7M | $1.42B |
| Key figures | ||||||||||
| Total debt | $47.7M | $240.0M | $367.6M | $2.06B | $1.48B | $1.64B | $1.61B | $1.61B | $1.35B | $1.19B |
| Net cash (debt) | $411,000 | −$154.8M | −$233.6M | −$1.93B | −$1.37B | −$1.50B | −$1.47B | −$1.08B | −$1.10B | −$1.14B |
| Working capital | $38.5M | $73.6M | $172.4M | $570.8M | $64.9M | $85.0M | $130.8M | $478.4M | $373.5M | $79.4M |
| Tangible book value | $331.2M | $403.4M | $561.1M | $720.8M | $830.0M | $864.1M | $663.3M | $1.03B | $576.6M | $959.9M |
| Book value per share | $5.89 | $7.19 | $10.01 | $14.53 | $19.93 | $23.05 | $20.09 | $32.35 | $26.23 | $45.34 |
| Shares outstanding | 56.3M | 56.3M | 56.2M | 49.7M | 42.4M | 38.3M | 36.4M | 35.6M | 33.8M | 31.4M |
| Current ratio | 3.89 | 3.30 | 4.97 | 7.97 | 1.74 | 1.69 | 2.65 | 5.60 | 5.61 | 1.90 |
| Quick ratio | 3.89 | 2.91 | 3.37 | 2.14 | 1.54 | 1.54 | 2.44 | 5.47 | 3.36 | 0.85 |
| Debt / equity | 0.14 | 0.59 | 0.65 | 2.85 | 1.75 | 1.86 | 2.20 | 1.40 | 1.52 | 0.84 |
| Equity / assets | 84.2% | 59.7% | 57.7% | 39.2% | 35.0% | 33.3% | 26.6% | 40.0% | 31.9% | 52.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $48.4M | $44.5M | $48.1M | $51.5M | $71.8M | $94.3M | $85.2M | $85.6M | $86.7M | $114.9M | $134.0M | $98.9M |
| Cash & equivalents | $48.4M | $44.5M | $48.1M | $51.5M | $71.8M | $94.3M | $85.2M | $85.6M | $86.7M | $114.9M | $134.0M | $98.9M |
| Short-term investments | — | — | — | — | — | — | — | −$81.8M | −$13.8M | — | — | — |
| Receivables | $3.4M | $3.8M | $3.7M | $7.2M | $7.2M | $7.6M | $7.9M | $8.5M | $9.1M | $9.9M | $12.2M | $20.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $262.1M |
| Other current assets | $0 | $0 | $0 | $149.8M | $16.8M | $21.3M | $12.5M | $59.2M | $100.9M | $102.2M | $55.0M | $0 |
| Total current assets | $51.8M | $48.2M | $51.8M | $208.5M | $95.8M | $123.1M | $105.6M | $153.3M | $196.8M | $227.0M | $201.3M | $246.1M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $164.6M | $302.2M | $341.0M | $370.1M | $366.9M | $356.4M | $487.6M | $0 | $529.0M |
| Goodwill & intangible assets | $0 | $168,000 | $171,000 | $901,000 | $924,000 | $985,000 | $1.0M | $1.1M | $188,000 | $191,000 | $886,000 | $930,000 |
| Long-term investments | $143.3M | $144.1M | $156.2M | $164.5M | $165.9M | $176.1M | $189.7M | $199.3M | $195.4M | $199.8M | $196.4M | $208.7M |
| Other non-current assets | $158.5M | $168.6M | $185.6M | $20.1M | $10.8M | $8.6M | $11.3M | $14.4M | $9.5M | $0 | $575.3M | $31.5M |
| Total assets | $353.6M | $361.2M | $393.8M | $558.6M | $575.7M | $649.7M | $677.8M | $735.0M | $758.3M | $914.6M | $973.9M | $1.02B |
| Liabilities | ||||||||||||
| Accounts payable | $10.4M | $10.5M | — | $22.9M | $21.2M | $27.2M | $32.0M | $36.2M | $35.9M | $40.1M | — | $55.2M |
| Short-term debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | $1.2M | — | $0 |
| Total current liabilities | $11.1M | $10.5M | $13.3M | $22.9M | $23.0M | $27.2M | $32.0M | $36.2M | $35.9M | $40.1M | $50.7M | $56.0M |
| Long-term debt | $49.7M | $48.7M | $47.7M | $196.7M | $200.0M | $240.0M | $240.0M | $280.0M | $280.0M | $330.0M | $360.0M | $400.0M |
| Other long-term liabilities | $11.7M | $668,600 | $0 | $0 | $0 | $0 | $0 | $0 | $749,000 | $834,000 | $0 | $0 |
| Total liabilities | $61.4M | $59.9M | $61.0M | $219.5M | $223.0M | $267.2M | $272.0M | $316.2M | $316.6M | $371.0M | $410.7M | $456.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $562,000 | $562,000 | $562,000 | $562,000 | $562,000 | $562,000 | $562,000 | $562,000 | $562,000 | $562,000 | — | $562,000 |
| Retained earnings (deficit) | −$1.07B | −$1.06B | −$1.03B | −$1.03B | −$1.01B | −$982.2M | −$958.8M | −$946.2M | −$923.0M | −$820.6M | −$800.3M | −$802.8M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $1.19B | −$562,000 | — | −$28,000 |
| Minority interest | $0 | $1.4M | $1.4M | $1.4M | $1.4M | — | — | — | — | — | — | — |
| Total shareholders' equity | $292.2M | $299.9M | $331.4M | $337.7M | $351.4M | $381.1M | $404.5M | $417.5M | $440.4M | $542.4M | $562.0M | $559.2M |
| Key figures | ||||||||||||
| Total debt | $50.3M | $48.7M | $47.7M | $196.7M | $200.0M | $240.0M | $240.0M | $280.0M | $280.0M | $330.0M | $360.0M | $400.0M |
| Net cash (debt) | −$1.8M | −$4.2M | $411,000 | −$145.1M | −$128.2M | −$145.7M | −$154.8M | −$194.4M | −$193.3M | −$215.1M | −$226.0M | −$301.1M |
| Working capital | $40.7M | $37.7M | $38.5M | $185.6M | $72.9M | $95.8M | $73.6M | $117.1M | $160.9M | $186.8M | $150.6M | $190.1M |
| Tangible book value | $292.2M | $299.7M | $331.2M | $336.8M | $350.4M | $380.1M | $403.4M | $416.4M | $440.3M | $542.2M | $561.1M | $558.2M |
| Book value per share | $5.19 | $5.32 | $5.89 | $6.00 | $6.24 | $6.77 | $7.19 | $7.42 | $7.83 | $9.65 | $10.00 | $9.95 |
| Shares outstanding | 56.3M | 56.3M | 56.3M | 56.3M | 56.3M | 56.3M | 56.3M | 56.3M | 56.3M | 56.2M | 56.2M | 56.2M |
| Current ratio | 4.67 | 4.58 | 3.89 | 9.12 | 4.17 | 4.52 | 3.30 | 4.23 | 5.48 | 5.65 | 3.97 | 4.39 |
| Quick ratio | 4.67 | 4.58 | 3.89 | 2.57 | 3.44 | 3.74 | 2.91 | 2.60 | 2.67 | 3.11 | 2.88 | 2.13 |
| Debt / equity | 0.17 | 0.16 | 0.14 | 0.58 | 0.57 | 0.63 | 0.59 | 0.67 | 0.64 | 0.61 | 0.64 | 0.72 |
| Equity / assets | 82.6% | 83.0% | 84.2% | 60.5% | 61.0% | 58.7% | 59.7% | 56.8% | 58.1% | 59.3% | 57.7% | 55.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
SRG financial position
At the end of fiscal 2025 (December 31, 2025), Seritage Growth Properties had total assets of $393.8 million (down 41.9% from a year earlier), total liabilities of $61.0 million and shareholders' equity of $331.4 million. It held $48.1 million in cash and short-term investments against $47.7 million of debt, a net cash position of $0.4 million. Its current ratio was 3.89. In the latest quarter (ended June 30, 2026) total assets were $353.6 million and equity $292.2 million.
Related: SRG income statement, SRG cash flow statement, SRG key metrics. See the SRG stock overview for the latest quote and news.
SRG balance sheet FAQ
What are Seritage Growth Properties's total assets?
Seritage Growth Properties reported total assets of $393.8 million at the end of fiscal 2025 (December 31, 2025), compared with $677.8 million a year earlier.
How much debt does Seritage Growth Properties have?
Seritage Growth Properties had $47.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.14.
How much cash does Seritage Growth Properties have?
Seritage Growth Properties held $48.1 million in cash and short-term investments at the end of fiscal 2025; with $47.7 million of debt that is net cash of $0.4 million.
What is Seritage Growth Properties's book value?
Seritage Growth Properties's shareholders' equity (book value) was $331.4 million at the end of fiscal 2025, or $5.89 per share.
What is Seritage Growth Properties's current ratio?
Seritage Growth Properties had current assets of $51.8 million and current liabilities of $13.3 million, a current ratio of 3.89 (it can cover its short-term obligations).
How much goodwill does Seritage Growth Properties have?
Seritage Growth Properties carried $0.2 million of goodwill and intangible assets, 0.0% of total assets, at the end of fiscal 2025.