SERITAGE GROWTH PROPERTIES
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.2M | $17.6M | $20.8M | $107.1M | $116.7M | $116.5M | $168.6M | $214.8M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $31.9M | $30.0M | $46.0M | $47.6M | $41.9M | $28.8M | $39.2M | $34.8M |
| Operating Income | $-47.9M | $-127.0M | $-110.3M | $-32.9M | $69.2M | $-61.4M | $4.1M | $-24.5M |
| Operating Margin | -263.4% | -720.6% | -530.8% | -30.7% | 59.3% | -52.7% | 2.4% | -11.4% |
| Interest Expense | $20.3M | $25.0M | $44.6M | $86.7M | $108.0M | $91.3M | $94.5M | $90.0M |
| Pretax Income | $-68.2M | $-152.0M | $-154.9M | $-119.6M | $-38.8M | $-152.7M | $-90.4M | $-114.6M |
| Income Tax Expense | $0 | $1.6M | $38.0K | $466.0K | $196.0K | $252.0K | $196.0K | $321.0K |
| Net Income | $-68.2M | $-153.5M | $-154.9M | $-73.9M | $-28.1M | $-105.0M | $-59.4M | $-73.5M |
| Net Margin | -374.7% | -871.3% | -745.5% | -69.1% | -24.1% | -90.2% | -35.2% | -34.2% |
| EPS (Basic) | $-1.30 | $-2.82 | $-2.85 | $-1.59 | $-0.78 | $-2.87 | $-1.77 | $-2.20 |
| EPS (Diluted) | $-1.30 | $-2.82 | $-2.85 | $-1.59 | $-0.78 | $-2.87 | $-1.77 | $-2.20 |
| Shares Outstanding (Basic) | 56.3M | 56.3M | 56.2M | 49.7M | 42.4M | 38.3M | 36.4M | 35.6M |
| Shares Outstanding (Diluted) | 56.3M | 56.3M | 56.2M | 49.7M | 42.4M | 38.3M | 36.4M | 35.6M |
| Dividends Per Share | — | — | — | — | — | — | $0.25 | $1.00 |