Filing Flows › Seritage Growth Properties (SRG-PA) › Q4 2024
Seritage Growth Properties (SRG-PA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Seritage Growth Properties (SRG-PA) reported revenue of $4.4M for the fourth quarter 2024 (Q4 2024), -52% from a year earlier and +35% from the quarter before. Operating margin was -210.7%, net loss $11.4M (259.0% of revenue).
Seritage Growth Properties, Q4 2024: revenue $4.4M (-52% year over year), operating margin -210.7%, net loss $11.4M, operating cash flow −$13.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4M | +35% | -52% |
| Operating profit | −$9.2M | — | — |
| Net earnings | −$11.4M | — | — |
| Operating cash flow | −$13.9M | — | — |
What changed
Revenue was $4.4M in Q4 2024, down 52% year over year and up 35% from the previous quarter.
Operating costs exceeded revenue by $9.2M, an operating margin of -210.7%. Total costs fell 41% while revenue fell 52%. The quarter ended with a net loss of $11.4M, narrower than the previous quarter's $22.0M loss.
Operating cash flow was −$13.9M. Non-cash charges added back $2.3M of depreciation and amortization and $82K of share-based compensation. Working capital and other items used $4.9M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$15.7M.
Questions
What was Seritage Growth Properties' revenue in the fourth quarter 2024?
Seritage Growth Properties (SRG-PA) reported revenue of $4.4M for the fourth quarter 2024 (Q4 2024), -52% from a year earlier and +35% from the quarter before.
Was Seritage Growth Properties profitable in the fourth quarter 2024?
Operating loss was $9.2M (-210.7% of revenue) and net loss $11.4M.