Seritage Growth Properties (NYSE:SRG) Releases Earnings Results

Seritage Growth Properties (NYSE:SRG) announced its quarterly earnings results on Monday. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, Zacks reports. Seritage Growth Properties had a negative net margin of 618.09% and a negative return on equity of 10.60%. The firm had revenue of $4.38 million for the quarter. During the same period last year, the business posted $0.08 earnings per share.

Seritage Growth Properties Price Performance

NYSE SRG opened at $2.98 on Wednesday. The stock’s 50-day moving average price is $3.57 and its two-hundred day moving average price is $4.04. The company has a market cap of $167.40 million, a PE ratio of -1.17 and a beta of 2.68. The company has a current ratio of 8.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.67. Seritage Growth Properties has a 1 year low of $2.10 and a 1 year high of $9.87.

Seritage Growth Properties Company Profile

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.