Seritage Growth Properties (NYSE:SRG) Announces Earnings Results

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

Seritage Growth Properties Price Performance

SRG stock opened at $3.22 on Tuesday. The firm has a market cap of $181.18 million, a P/E ratio of -1.26 and a beta of 2.68. The firm’s fifty day moving average is $3.59 and its 200 day moving average is $4.05. Seritage Growth Properties has a 52 week low of $3.12 and a 52 week high of $9.87. The company has a debt-to-equity ratio of 0.67, a quick ratio of 8.10 and a current ratio of 8.10.

About Seritage Growth Properties

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.