Seritage Growth Properties (Seritage Growth Properties) Gross Margin % : 50.32% (As of Dec. 2023)

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Seritage Growth Properties Gross Margin % Definition

Gross Margin % is calculated as gross profit divided by its revenue. Seritage Growth Properties's Gross Profit for the three months ended in Dec. 2023 was $4.61 Mil. Seritage Growth Properties's Revenue for the three months ended in Dec. 2023 was $9.17 Mil. Therefore, Seritage Growth Properties's Gross Margin % for the quarter that ended in Dec. 2023 was 50.32%.

The historical rank and industry rank for Seritage Growth Properties's Gross Margin % or its related term are showing as below:

SRG' s Gross Margin % Range Over the Past 10 Years
Min: -31.91 Med: 45.37 Max: 73.78
Current: -31.91

During the past 9 years, the highest Gross Margin % of Seritage Growth Properties was 73.78%. The lowest was -31.91%. And the median was 45.37%.

SRG's Gross Margin % is ranked worse than
98.9% of 634 companies
in the REITs industry
Industry Median: 68.745 vs SRG: -31.91

Seritage Growth Properties had a gross margin of 50.32% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Seritage Growth Properties was 0.00% per year.

Seritage Growth Properties Gross Margin % Historical Data

The historical data trend for Seritage Growth Properties's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Seritage Growth Properties Gross Margin % Chart

Seritage Growth Properties Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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52.13

33.10

31.21

38.61

-31.91

Seritage Growth Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															42.78	-1,329.71	-25.19	-14.26	50.32

Competitive Comparison of Seritage Growth Properties's Gross Margin %

For the REIT - Retail subindustry, Seritage Growth Properties's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Seritage Growth Properties Gross Margin % Distribution

For the REITs industry and Real Estate sector, Seritage Growth Properties's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Seritage Growth Properties's Gross Margin % falls into.

Seritage Growth Properties Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Seritage Growth Properties's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-6.6	/	20.779
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(20.779 - 27.41)	/	20.779
	=	-31.91 %

Seritage Growth Properties's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4.6	/	9.168
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(9.168 - 4.555)	/	9.168
	=	50.32 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Seritage Growth Properties (NYSE:SRG) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Seritage Growth Properties had a gross margin of 50.32% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Seritage Growth Properties Gross Margin % Related Terms

Thank you for viewing the detailed overview of Seritage Growth Properties's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Seritage Growth Properties (Seritage Growth Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Seritage Growth Properties (NYSE:SRG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

SRGpA.PFD:USA

Address

500 Fifth Avenue, Suite 1530, New York, NY, USA, 10110

Website

https://www.seritage.com

Seritage Growth Properties is engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Seritage is principally engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. The company's primary objective is to create value for its shareholders through the re-leasing and redevelopment of the majority of its Wholly Owned Properties and JV Properties. It generates a majority of its revenue from tenants.

Executives

Edward S Lampert	other: Trustee	1170 KANE CONCOURSE, SUITE 200, BAY HARBOUR FL 33154
Mark Wilsmann	director	SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, STE. 1530, NEW YORK NY 10110
Mitchell A Sabshon	director	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Talya Nevo-hacohen	director	C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN, SUITE 550, IRVINE CA 92612
Adam S Metz	director	110 NORTH WACKER DRIVE, CHICAGO IL 60606
Eric Dinenberg	officer: Chief Operating Officer	SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, STE. 1530, NEW YORK NY 10110
Allison Thrush	director	500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Andrea Olshan	director, officer: CEO and President	500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Andrew Galvin	officer: EVP of Investments	SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Amanda Lombard	officer: CFO and EVP	500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Brian Robert Dickman	officer: CFO and EVP	411 S. OLD WOODWARD, APT. 918, BIRMINGHAM MI 48009
Kenneth T Lombard	officer: EVP, Chief Operating Officer	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Benjamin Schall	director, officer: CEO, President	261 BROADWAY, NO.11B, NEW YORK NY 10007
Matthew E Fernand	officer: General Counsel and EVP	3333 BEVERLY ROAD, C/O SERITAGE GROWTH PROPERTIES, HOFFMAN ESTATES IL 60179
James Edwin Bry	officer: See Remarks	3333 BEVERLY ROAD, C/O SERITAGE GROWTH PROPERTIES, HOFFMAN ESTATES IL 60179