Seritage Growth Properties (SRG)
Market Price (1/28/2026): $3.37 | Market Cap: $189.8 MilSector: Real Estate | Industry: Real Estate Services
Seritage Growth Properties (SRG)
Market Price (1/28/2026): $3.37Market Cap: $189.8 MilSector: Real EstateIndustry: Real Estate Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27% | Weak multi-year price returns2Y Excs Rtn is -108%, 3Y Excs Rtn is -147% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -40 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -216% |
| Low stock price volatilityVol 12M is 49% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 76% | |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Experiential Retail, Show more. | Expensive valuation multiplesP/SPrice/Sales ratio is 10x | |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -18%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -41% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -259%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -259% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -43% | ||
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 52.76 | ||
| Key risksSRG key risks include [1] significant challenges executing its asset liquidation plan in an adverse market, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Experiential Retail, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -108%, 3Y Excs Rtn is -147% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -40 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -216% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 76% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 10x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -18%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -41% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -259%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -259% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -43% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 52.76 |
| Key risksSRG key risks include [1] significant challenges executing its asset liquidation plan in an adverse market, Show more. |
Qualitative Assessment
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1. Extended Asset Sale Timeline and Lower Valuation Expectations.
Seritage Growth Properties indicated in November 2025 that its remaining asset sales could stretch into 2027 or beyond, an extension of the timeline previously anticipated for its "Plan of Sale". This extended liquidation period led to revised projections of lower per-share valuations for the company's common stock if operations continue past 2026, impacting investor sentiment negatively.
2. Persistent Cash Burn.
The company continued to experience an operational "cash burn" exceeding $10 million per quarter after Q3 2025, a factor highlighted in November 2025. This ongoing expenditure during a prolonged asset disposition phase reduced the net asset value and consequently lowered the expected proceeds available for common shareholders.
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Stock Movement Drivers
Fundamental Drivers
The -20.7% change in SRG stock from 9/30/2025 to 1/27/2026 was primarily driven by a -27.3% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 1272026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.25 | 3.37 | -20.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17 | 18 | 9.1% |
| P/S Multiple | 14.2 | 10.3 | -27.3% |
| Shares Outstanding (Mil) | 56 | 56 | 0.0% |
| Cumulative Contribution | -20.7% |
Market Drivers
9/30/2025 to 1/27/2026| Return | Correlation | |
|---|---|---|
| SRG | -20.7% | |
| Market (SPY) | 4.4% | 45.5% |
| Sector (XLRE) | -2.1% | 28.7% |
Fundamental Drivers
The 9.4% change in SRG stock from 6/30/2025 to 1/27/2026 was primarily driven by a 12.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302025 | 1272026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.08 | 3.37 | 9.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16 | 18 | 12.0% |
| P/S Multiple | 10.5 | 10.3 | -2.2% |
| Shares Outstanding (Mil) | 56 | 56 | -0.1% |
| Cumulative Contribution | 9.4% |
Market Drivers
6/30/2025 to 1/27/2026| Return | Correlation | |
|---|---|---|
| SRG | 9.4% | |
| Market (SPY) | 12.9% | 31.2% |
| Sector (XLRE) | 0.3% | 17.1% |
Fundamental Drivers
The -18.2% change in SRG stock from 12/31/2024 to 1/27/2026 was primarily driven by a -17.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312024 | 1272026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.12 | 3.37 | -18.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22 | 18 | -17.8% |
| P/S Multiple | 10.3 | 10.3 | -0.4% |
| Shares Outstanding (Mil) | 56 | 56 | -0.1% |
| Cumulative Contribution | -18.2% |
Market Drivers
12/31/2024 to 1/27/2026| Return | Correlation | |
|---|---|---|
| SRG | -18.2% | |
| Market (SPY) | 19.7% | 38.5% |
| Sector (XLRE) | 3.8% | 32.6% |
Fundamental Drivers
The -71.5% change in SRG stock from 12/31/2022 to 1/27/2026 was primarily driven by a -83.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312022 | 1272026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.83 | 3.37 | -71.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 113 | 18 | -83.6% |
| P/S Multiple | 5.8 | 10.3 | 77.2% |
| Shares Outstanding (Mil) | 55 | 56 | -1.7% |
| Cumulative Contribution | -71.5% |
Market Drivers
12/31/2022 to 1/27/2026| Return | Correlation | |
|---|---|---|
| SRG | -71.5% | |
| Market (SPY) | 88.6% | 32.0% |
| Sector (XLRE) | 22.6% | 28.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SRG Return | -10% | -11% | -21% | -56% | -21% | 8% | -76% |
| Peers Return | 73% | -15% | 12% | 19% | -1% | 2% | 97% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 85% |
Monthly Win Rates [3] | |||||||
| SRG Win Rate | 42% | 42% | 50% | 33% | 33% | 100% | |
| Peers Win Rate | 83% | 35% | 57% | 62% | 48% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| SRG Max Drawdown | -15% | -61% | -40% | -60% | -40% | 0% | |
| Peers Max Drawdown | -4% | -31% | -14% | -10% | -17% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SPG, KIM, REG, FRT, BRX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/27/2026 (YTD)
How Low Can It Go
| Event | SRG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -77.6% | -25.4% |
| % Gain to Breakeven | 345.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -84.0% | -33.9% |
| % Gain to Breakeven | 524.0% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -39.5% | -19.8% |
| % Gain to Breakeven | 65.3% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to SPG, KIM, REG, FRT, BRX
In The Past
Seritage Growth Properties's stock fell -77.6% during the 2022 Inflation Shock from a high on 3/10/2021. A -77.6% loss requires a 345.7% gain to breakeven.
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About Seritage Growth Properties (SRG)
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Here are 1-3 brief analogies for Seritage Growth Properties (SRG):
- Simon Property Group for redeveloping former big-box retail.
- Howard Hughes Corporation, but specializing in transforming former department stores into new retail and mixed-use developments.
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- Retail Space Leasing: Provides commercial real estate for lease to various retail businesses within its redeveloped properties.
- Mixed-Use Space Leasing: Offers commercial real estate for lease in properties designed to combine retail with other uses, such as office, residential, or entertainment.
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Seritage Growth Properties (SRG) is a Real Estate Investment Trust (REIT) that owns, develops, and manages a portfolio of retail and mixed-use properties, primarily redeveloping former Sears and Kmart locations. As such, its primary customers are the businesses that lease space in its properties. Here are some of Seritage's major tenant companies (customers):AI Analysis | Feedback
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```htmlAdam Metz, Interim Chief Executive Officer and President
Adam Metz serves as Chairman of the Board of Trustees and Interim Chief Executive Officer and President of Seritage Growth Properties. Since 2019, he has been a non-executive director of Hammerson plc, a UK-based real estate investment trust, and six business development companies advised by MS Capital Partners Adviser Inc., a wholly owned subsidiary of Morgan Stanley, including Morgan Stanley Direct Lending Fund. From September 2013 to April 2018, Mr. Metz served as a Managing Director and head of International Real Estate at Carlyle Group, a private equity firm. Prior to Carlyle Group, he was Senior Advisor to TPG Capital's Real Estate Group. He previously served as Chief Executive Officer of General Growth Properties (GGP), where he led GGP through its restructuring and emergence from bankruptcy. Before joining GGP, Mr. Metz was co-founding partner of Polaris Capital LLC, which partnered with the Blackstone Group on the ownership of a portfolio of retail real estate assets. His roles at Carlyle Group, TPG Capital, and with Blackstone indicate a pattern of managing companies backed by private equity firms.
John Garilli, Interim Chief Financial Officer
John Garilli is a veteran public company executive with over 15 years of experience in real estate leadership roles. He has been a member of Winthrop Capital Advisors LLC and its affiliates since 1995, currently serving as President and COO. Mr. Garilli currently serves as Interim President and CEO of Luby's, Inc., a national restaurant company, since February 2021. He has served as CEO, President, CFO, Treasurer, and Secretary of New York REIT Liquidating LLC since 2018. Prior to this, he served as the CEO of its predecessor, New York REIT, Inc. (NYRT), a NYSE-listed real estate investment trust, from July 2018 to November 2018, and as CFO, Secretary, and Treasurer of NYRT starting in 2017. He also served as Chief Accounting Officer of Winthrop Realty Trust, a NYSE-listed real estate investment trust, from 2006 to 2012, and as Winthrop Realty Trust's CFO from 2012 until 2016. His experience with Winthrop Capital Advisors, a private company, and First Winthrop Corp., part of Ares Management Corp., indicates involvement with private equity-backed entities.
Matthew E. Fernand, Chief Legal Officer
Matthew E. Fernand serves as Chief Legal Officer of Seritage Growth Properties. He previously served as the Company's Executive Vice President and General Counsel. Prior to joining Seritage, Mr. Fernand was a partner in Sidley Austin LLP's Real Estate Group from 2005 to 2015, where he focused on the financing, development, acquisition and disposition, and leasing of commercial properties, and the formation of real estate joint ventures and partnerships.
Eric Dinenberg, Chief Operating Officer
Eric Dinenberg is the Chief Operating Officer at Seritage Growth Properties. He previously served as the Company's Senior Vice President of Mixed Use and Premier Properties since 2019. Prior to joining Seritage, Eric served as Executive Vice President of Development and Operations at Brookfield Properties, overseeing all aspects of development and construction, new investments, and day-to-day operations. Preceding Brookfield, he led Development and Operations efforts at Vornado Realty Trust.
Nino Cammalleri, Senior Vice President and Real Estate Counsel
Nino Cammalleri is Senior Vice President and Real Estate Counsel at Seritage Growth Properties.
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The key risks to Seritage Growth Properties (SRG) primarily revolve around its ongoing "Plan of Sale" and the challenging market conditions impacting its ability to liquidate assets and maximize shareholder value.- Challenging Market Conditions for Asset Disposition: Seritage Growth Properties faces significant challenges due to the current market environment, including elevated interest rates, inflation, and decreased demand for commercial properties. These conditions are a major headwind to the company's ability to maximize the liquidation value of its assets under its "Plan of Sale," potentially leading to lower net proceeds from sales.
- Financial Condition and Liquidity Challenges: The company has experienced persistent losses and ongoing liquidity challenges. While management is focused on reducing debt through asset sales, the challenging market could impede the timely and successful repayment of its financing obligations and impact its ability to fund operations. Seritage has also recognized impairment charges on its properties, further highlighting asset value concerns.
- Internal Control Weaknesses and Litigation: Seritage has disclosed a "material weakness" in its internal control over financial reporting, specifically related to identifying impairment indicators for real estate investments. This weakness has led to a class-action lawsuit alleging misleading statements and an overstatement of the company's portfolio of assets, which could affect investor confidence and the perceived value of its holdings.
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Seritage Growth Properties (SRG) operates within the U.S. real estate industry, primarily focusing on the ownership, leasing, and redevelopment of retail and mixed-use properties, often converting former Sears and Kmart locations across the United States. Their main products and services include managing a retail real estate portfolio, executing redevelopment and repositioning projects, tenant leasing and acquisition, and property management.
The addressable market for Seritage Growth Properties is primarily the U.S. commercial real estate market, with a significant focus on its retail segment. The United States commercial real estate market was valued at approximately USD 746.93 billion in 2024. This market is projected to grow at a compound annual growth rate (CAGR) of 2.70% from 2025 to 2034, reaching an estimated valuation of USD 974.95 billion by 2034. In 2024, the retail sector accounted for a 27% share of sales volume across the major commercial real estate sectors in the U.S.
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Seritage Growth Properties (SRG) is currently in a liquidation phase, with shareholders having approved a "Plan of Sale" to dispose of all its assets. Therefore, the expected drivers of future revenue are primarily centered around the successful execution of this plan and the optimization of remaining assets until their disposition. Here are 3-5 expected drivers of future revenue growth for Seritage Growth Properties over the next 2-3 years:- Execution of the Asset Sale Plan: The primary driver of future revenue will be the successful and timely disposition of Seritage's remaining real estate portfolio. Shareholders approved a plan in October 2022 to sell off all assets, transforming SRG into a liquidating trust. The company's ability to finalize sales agreements and realize favorable proceeds from these transactions will directly contribute to its revenue.
- Strategic Redevelopment and Re-tenanting Prior to Sale: For properties that are not immediately sold, Seritage continues to focus on strategic redevelopment and repositioning to enhance their value before disposition. This involves transforming former retail spaces into diversified retail, residential, and commercial properties and attracting new tenants. These efforts aim to increase the attractiveness and potential sale price of the assets.
- Leasing of Existing and Redeveloped Spaces: Until properties are sold, ongoing leasing activities and maximizing rental income from the existing portfolio will contribute to revenue. For instance, the company has seen increased rental income due to new leases at properties like Aventura, Florida, where new leases have been secured and additional space is under negotiation. As of December 31, 2024, Seritage held interests in 17 properties comprising approximately 1.7 million square feet of gross leasable area.
- Reduction of Carrying Costs and Debt: While not a direct revenue driver, the efficient use of asset sale proceeds to reduce outstanding debt and minimize carrying costs (such as interest expenses and development costs) will significantly impact the net value available for shareholders during the liquidation process. A faster pace of asset sales is anticipated to reduce these future expenses.
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Share Issuance
- As of December 31, 2024, there were 2,048,587 shares remaining available for future issuance under the Seritage Growth Properties 2015 Share Plan.
- Approximately 50,141 shares were issued or vested, as the number of outstanding shares increased from 56,274,466 as of December 31, 2024, to 56,324,607 as of June 30, 2025.
Inbound Investments
- Seritage engages in capital markets activities to fund its redevelopment initiatives.
- The company actively seeks and fosters partnerships with retailers, developers, and local municipalities to leverage external expertise and share risks.
Capital Expenditures
- In 2024, the company invested $27.5 million in its consolidated properties and $9.3 million in its unconsolidated entities.
- During the first quarter of 2025, Seritage invested $13.3 million in its consolidated properties. In the second quarter of 2025, the company invested $4.7 million in consolidated properties, primarily for tenant leasing costs, and $0.4 million in unconsolidated properties.
- The primary focus of capital expenditures is on the redevelopment and transformation of its portfolio into mixed-use and residential properties, including tenant improvements, exemplified by projects like the mixed-use activation in Aventura, FL.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Seritage Growth Properties Earnings Notes | 12/16/2025 | |
| Is Seritage Growth Properties Stock Built to Withstand More Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 48.82 |
| Mkt Cap | 10.8 |
| Rev LTM | 1,434 |
| Op Inc LTM | 526 |
| FCF LTM | 725 |
| FCF 3Y Avg | 680 |
| CFO LTM | 725 |
| CFO 3Y Avg | 680 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.7% |
| Rev Chg 3Y Avg | 5.9% |
| Rev Chg Q | 6.9% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Mgn LTM | 35.9% |
| Op Mgn 3Y Avg | 35.6% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 49.2% |
| CFO/Rev 3Y Avg | 50.5% |
| FCF/Rev LTM | 48.9% |
| FCF/Rev 3Y Avg | 49.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 10.8 |
| P/S | 7.7 |
| P/EBIT | 16.6 |
| P/E | 24.7 |
| P/CFO | 13.9 |
| Total Yield | 4.3% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 5.8% |
| D/E | 0.6 |
| Net D/E | 0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.0% |
| 3M Rtn | -0.2% |
| 6M Rtn | 2.2% |
| 12M Rtn | -0.9% |
| 3Y Rtn | 13.5% |
| 1M Excs Rtn | 1.1% |
| 3M Excs Rtn | -5.7% |
| 6M Excs Rtn | -4.5% |
| 12M Excs Rtn | -12.8% |
| 3Y Excs Rtn | -56.5% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Ownership, development, redevelopment, management, sale and leasing of real estate properties | 21 | ||||
| Management and other fee income | 2 | 1 | 0 | 2 | |
| Rental income | 105 | 116 | 116 | 167 | |
| Total | 21 | 107 | 117 | 116 | 169 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Ownership, development, redevelopment, management, sale and leasing of real estate properties | -155 | ||||
| Total | -155 |
Price Behavior
| Market Price | $3.37 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 07/06/2015 | |
| Distance from 52W High | -24.8% | |
| 50 Days | 200 Days | |
| DMA Price | $3.50 | $3.43 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -3.8% | -1.7% |
| 3M | 1YR | |
| Volatility | 44.4% | 49.0% |
| Downside Capture | 165.71 | 98.87 |
| Upside Capture | 37.92 | 70.51 |
| Correlation (SPY) | 39.5% | 39.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.83 | 1.90 | 1.82 | 1.64 | 0.98 | 0.96 |
| Up Beta | 6.08 | 2.00 | 2.27 | 0.72 | 0.97 | 1.08 |
| Down Beta | 1.48 | 1.75 | 2.10 | 2.66 | 1.05 | 0.95 |
| Up Capture | -18% | 89% | 68% | 145% | 61% | 19% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 5 | 14 | 24 | 51 | 99 | 324 |
| Down Capture | 270% | 249% | 206% | 151% | 107% | 105% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 16 | 25 | 37 | 67 | 134 | 391 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SRG | |
|---|---|---|---|---|
| SRG | -9.1% | 48.8% | -0.04 | - |
| Sector ETF (XLRE) | 1.6% | 16.4% | -0.08 | 33.1% |
| Equity (SPY) | 15.5% | 19.3% | 0.62 | 38.8% |
| Gold (GLD) | 87.8% | 20.6% | 2.98 | 9.2% |
| Commodities (DBC) | 10.6% | 15.5% | 0.45 | 25.1% |
| Real Estate (VNQ) | 3.6% | 16.5% | 0.04 | 35.0% |
| Bitcoin (BTCUSD) | -15.6% | 39.7% | -0.33 | 20.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SRG | |
|---|---|---|---|---|
| SRG | -25.4% | 62.3% | -0.25 | - |
| Sector ETF (XLRE) | 5.6% | 19.0% | 0.20 | 28.6% |
| Equity (SPY) | 14.1% | 17.1% | 0.66 | 33.3% |
| Gold (GLD) | 22.3% | 15.7% | 1.14 | 6.9% |
| Commodities (DBC) | 12.3% | 18.7% | 0.53 | 15.8% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 31.4% |
| Bitcoin (BTCUSD) | 20.0% | 57.9% | 0.55 | 13.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SRG | |
|---|---|---|---|---|
| SRG | -20.5% | 64.6% | -0.09 | - |
| Sector ETF (XLRE) | 6.9% | 20.5% | 0.30 | 37.4% |
| Equity (SPY) | 15.8% | 17.9% | 0.76 | 37.2% |
| Gold (GLD) | 16.5% | 14.9% | 0.92 | 0.9% |
| Commodities (DBC) | 8.9% | 17.6% | 0.42 | 19.8% |
| Real Estate (VNQ) | 5.9% | 20.8% | 0.25 | 42.8% |
| Bitcoin (BTCUSD) | 72.5% | 66.5% | 1.11 | 10.0% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/14/2025 | -10.6% | -18.0% | -21.2% |
| 8/14/2025 | 12.2% | 20.2% | 46.0% |
| 3/31/2025 | -8.0% | -18.6% | -8.4% |
| 11/12/2024 | -0.7% | -6.7% | 1.9% |
| 4/2/2024 | -0.7% | 1.8% | -3.8% |
| 11/8/2023 | 16.1% | 22.3% | 23.4% |
| 8/14/2023 | -9.7% | -13.8% | -13.8% |
| 3/14/2023 | -8.6% | -21.2% | -17.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 8 | 9 |
| # Negative | 12 | 10 | 9 |
| Median Positive | 9.2% | 12.4% | 23.4% |
| Median Negative | -2.8% | -13.5% | -16.9% |
| Max Positive | 16.1% | 22.3% | 100.7% |
| Max Negative | -13.1% | -21.2% | -77.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/14/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/16/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lampert, Edward S | Direct | Sell | 9112025 | 4.40 | 40,000 | 176,148 | 59,204,056 | Form | |
| 2 | Lampert, Edward S | Direct | Sell | 9112025 | 4.50 | 23,864 | 107,493 | 60,450,390 | Form | |
| 3 | Yakira, Capital Management, Inc | See Footnote | Sell | 1272026 | 24.13 | 5,072 | 122,396 | 7,344,049 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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