Seritage Growth Properties (SRG) Operating Expenses (2016 - 2026)
Seritage Growth Properties (SRG) posted quarterly Operating Expenses of $7.5 million for Q1 2026, down 65.39% year-over-year from $21.6 million in Q1 2025, and down 25.5% quarter-over-quarter from $10.0 million in Q4 2025.
Seritage Growth Properties (SRG) Operating Expenses (2016 - 2026) Analysis & Trends
Seritage Growth Properties' Operating Expenses history runs 11 years deep, the most recent figure standing at $7.5 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 65.39% year-over-year to $7.5 million; the TTM figure through Mar 2026 stood at $40.5 million (down 43.12% YoY), while the FY2025 annual figure was $54.7 million, down 20.93% from the prior year.
- Operating Expenses for Q1 2026 stood at $7.5 million, down from $10.0 million in the prior quarter.
- The five-year high for Operating Expenses was $74.0 million in Q2 2022, with the low at $7.5 million in Q1 2026.
- The 5-year median for Operating Expenses is $21.6 million (2023), against an average of $24.1 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 62.02% in 2022, then tumbled 70.78% in 2023.
- Seritage Growth Properties' Operating Expenses stood at $39.1 million in 2022, then sank by 41.1% to $23.0 million in 2023, then slumped by 40.9% to $13.6 million in 2024, then fell by 26.2% to $10.0 million in 2025, then fell by 25.5% to $7.5 million in 2026.
- Business Quant data shows SRG's Operating Expenses at $7.5 million in Q1 2026, $10.0 million in Q4 2025, and $10.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cbre | 44.21 Bn | 42.72 Bn | 2.09 Bn | - |
| 2 | KE Holdings | 19.37 Bn | 16.49 Bn | 661.06 Mn | -476.55 Mn |
| 3 | Jones Lang Lasalle | 17.85 Bn | 17.39 Bn | - | 6.64 Bn |
| 4 | Costar | 13.09 Bn | 11.83 Bn | 728.00 Mn | 652.00 Mn |
| 5 | Compass | 8.89 Bn | 8.19 Bn | 3.88 Bn | 4.18 Bn |
| 6 | FirstService | 6.55 Bn | 6.32 Bn | 480.66 Mn | 359.42 Mn |
| 7 | Colliers International | 5.44 Bn | 5.38 Bn | 635,105.00 Bn | 485.10 Mn |
| 8 | Cushman & Wakefield | 3.45 Bn | 2.95 Bn | 512.00 Mn | 2.63 Bn |
| 9 | Opendoor Technologies | 3.40 Bn | 2.50 Bn | 86.00 Mn | 230.00 Mn |
| 10 | Seritage Growth Properties | 120.08 Mn | 120.08 Mn | 1.79 Mn | 6.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.49 Mn |
| Dec 31, 2025 | 10.05 Mn |
| Sep 30, 2025 | 10.85 Mn |
| Jun 30, 2025 | 12.14 Mn |
| Mar 31, 2025 | 21.63 Mn |
| Dec 31, 2024 | 13.62 Mn |
| Sep 30, 2024 | 22.52 Mn |
| Jun 30, 2024 | 13.48 Mn |
| Mar 31, 2024 | 19.53 Mn |
| Dec 31, 2023 | 23.04 Mn |
| Sep 30, 2023 | 16.71 Mn |
| Jun 30, 2023 | 21.62 Mn |
| Mar 31, 2023 | 26.51 Mn |
| Dec 31, 2022 | 39.11 Mn |
| Sep 30, 2022 | 36.70 Mn |
| Jun 30, 2022 | 73.99 Mn |
| Mar 31, 2022 | 40.21 Mn |
| Dec 31, 2021 | 40.51 Mn |
| Sep 30, 2021 | 42.07 Mn |
| Jun 30, 2021 | 45.67 Mn |