Seritage Growth Properties (NYSE:SRG) Issues Quarterly Earnings Results

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

Seritage Growth Properties Price Performance

NYSE:SRG opened at $2.98 on Wednesday. Seritage Growth Properties has a 52 week low of $2.10 and a 52 week high of $9.87. The stock has a market capitalization of $167.40 million, a PE ratio of -1.17 and a beta of 2.68. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.67. The stock’s 50-day moving average price is $3.57 and its 200-day moving average price is $4.04.

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.