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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#4487
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Real Estate
$239M
Andrea L. Olshan
Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio acquired from Sears Holdings in July 2015.
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$SRG Seritage Growth Properties | 31 | 31 | 32 | 27 | - | - | -25.1% | -15.2% | 24.0% | -312.7% | -507.7% | 13.5% | 0.0% | 65.0x | $239M | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
Seritage Growth Properties (SRG) receives a "Avoid" rating with a composite score of 30.6/100. It ranks #4487 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Lagging peers — losers tend to keep underperforming
Expensive relative to fundamentals — limited margin of safety
Weak fundamentals — higher risk of value trap
High volatility — wider range of outcomes increases timing risk
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for SRG.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 31 | 41 | -10DRAG |
| MOMENTUM | 27 | 19 | +8ALPHA |
| VALUATION | 32 | 26 | +6ALPHA |
| INVESTMENT | 23 | 12 | +11ALPHA |
| STABILITY | 26 | 18 | +8ALPHA |
| SHORT INT | 24 | 10 | +14ALPHA |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC -3.3% vs WACC 5.7% (spread -9.0%)
GM 24% vs sector 78%, OM -313% vs sector 18%
Capital turnover 0.03x
Rev growth 14%, 10yr history
Interest coverage -1.1x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Seritage Growth Properties (SRG) as Avoid with a composite score of 30.6/100 at a current price of $3.02. The stock falls in the bottom quintile, and the multi-factor weakness suggests a high probability of continued underperformance.
Seritage Growth Properties holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 30.6/100 places it at rank #4487 in our full universe.
No Moat
High
Poor
Fair Value
Stable competitive position in a defensive sector.
Weak momentum suggests persistent institutional selling pressure.
Below-average quality raises earnings sustainability concerns.
Vulnerability to macroeconomic shocks and interest rate volatility.
Seritage Growth Properties represents a avoid based on multi-factor quantitative performance.
Our quantitative model flags Seritage Growth Properties with an Avoid rating, assigning a composite score of 30.6/100 and 1 out of 5 stars. Ranked #4487 of 7,333 stocks, SRG falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
SRG's quality score of 31/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -25.1% (sector avg: 9.0%), gross margins of 24.0% (sector avg: 77.7%), net margins of -507.7% (sector avg: 21.9%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 32/100, SRG appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/B ratio of 0.50x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
Seritage Growth Properties's investment score of 23/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 13.5% vs. a sector average of 10.7% and a return on assets of -15.2% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
Seritage Growth Properties is experiencing notably weak momentum with a score of just 27/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at 13.5% year-over-year, while a beta of 0.98 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
SRG's stability score of 26/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 0.98 and a debt-to-equity ratio of 65.00x (sector avg: 0.5x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
Seritage Growth Properties's short interest score of 24/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include elevated leverage (D/E: 65.00x), micro-cap liquidity risk. At $239M (micro-cap), SRG carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
Seritage Growth Properties is a micro-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #4487 of 7,333 overall (39th percentile). Key comparisons include ROE of -25.1% trailing the 9.0% sector median and operating margins of -312.7% below the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While SRG currently exhibits a AVOID profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Finance, Insurance, And Real Estate Alpha →Quant Factor Profile
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Improvement in Investment (23) would have the largest impact on the composite score.
ROE 379% BELOW SECTOR MEDIAN
Gross Margin 69% BELOW SECTOR MEDIAN
Op. Margin 1824% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
Seritage Growth Properties is planning to sell all its assets and shut down the business. The value of the remaining assets implies significant potential upside for patient shareholders, but the success of the plan depends on effective execution by management.
Seritage Growth Properties is continuing to wind down its portfolio, with ongoing property sales as part of its strategy to eventually return capital to investors.
SRG Global (ASX:SRG) has drawn investor attention after releasing half year results to 31 December 2025, reporting higher sales and net income, a larger interim fully franked dividend, and a refreshed board with new non executive directors. See our latest analysis for SRG Global. At a share price of A$2.85, SRG Global’s recent earnings, dividend increase and board renewal come after a softer 30 day share price return of 5% and a relatively flat 90 day move. Its 1 year total shareholder return...