SERITAGE GROWTH PROPERTIES SRG Balance Sheet

Seritage growth properties (SRG)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15
ASSETS
Investment in real estate
Land
654	667	673	686	682	696	700	711	750	799	799	840	840	840	840	840	840	840	840
Buildings and improvements
1,133	1,112	1,007	932	912	900	883	860	851	829	859	845	841	839	831	829	817	814	811
Accumulated depreciation
156	147	136	158	147	137	165	157	148	139	126	117	104	89	78	61	45	29	14
Real Estate Investment Property, at Cost, Total
1,632	1,631	1,544	1,460	1,447	1,459	1,418	1,414	1,453	1,489	1,533	1,568	1,577	1,589	1,593	1,608	1,612	1,626	1,637
Construction in progress
412	338	363	393	327	292	263	209	252	224	175	155	75	55	44	34	18	13	8
Net investment in real estate
2,044	1,970	1,908	1,853	1,774	1,751	1,682	1,623	1,705	1,714	1,708	1,723	1,652	1,644	1,637	1,643	1,631	1,639	1,646
Real estate held for sale
3	5	10	5	7	3	15	15	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated joint ventures
459	445	429	418	419	398	399	392	330	282	338	432	428	425	419	421	425	427	429
Cash and cash equivalents
96	139	232	325	442	532	581	100	135	241	104	9	26	52	90	63	56	62	51
Restricted cash
-	-	-	-	-	-	0	166	177	175	202	172	113	87	81	87	89	92	100
Tenant and other receivables, net
48	54	57	50	41	36	45	43	32	30	28	26	24	23	13	17	14	9	4
Lease intangible assets, net
44	68	91	96	101	123	207	251	291	310	327	388	420	464	505	533	555	578	597
Prepaid expenses, deferred expenses and other assets, net
67	67	65	48	52	29	32	21	23	20	20	13	14	15	12	8	20	23	10
Total assets
2,764	2,750	2,793	2,798	2,839	2,876	2,965	2,614	2,696	2,775	2,729	2,766	2,681	2,712	2,760	2,775	2,792	2,833	2,839
LIABILITIES AND EQUITY
Liabilities
Term Loan Facility, net
1,598	1,598	1,598	1,598	1,598	1,598	1,598	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans payable, net
-	-	-	-	-	-	-	1,073	1,130	1,202	1,200	1,250	1,174	1,166	1,165	1,145	1,143	1,142	1,141
Unsecured term loan, net
-	-	-	-	-	-	-	144	143	143	84	83	-	-	-	-	-	-	-
Accounts payable, accrued expenses and other liabilities
153	108	115	104	118	127	115	97	99	109	111	103	129	121	130	114	106	120	93
Total liabilities
1,752	1,707	1,713	1,703	1,716	1,725	1,713	1,315	1,373	1,454	1,396	1,436	1,303	1,287	1,295	1,259	1,250	1,263	1,234
Commitments and contingencies (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0
Shareholders' Equity
Additional paid-in capital
1,177	1,149	1,145	1,144	1,124	1,124	1,124	1,122	1,116	1,116	996	995	993	925	925	925	924	924	924
Accumulated deficit
-440	-418	-392	-380	-362	-344	-279	-246	-229	-229	-177	-179	-149	-121	-98	-69	-54	-38	-18
Total shareholders' equity
737	731	753	764	762	780	845	875	887	886	819	816	843	804	827	855	870	886	906
Non-controlling interests
275	311	325	331	360	369	405	423	434	434	514	512	534	619	637	659	670	683	698
Total equity
1,012	1,043	1,079	1,095	1,122	1,150	1,251	1,299	1,322	1,320	1,333	1,329	1,377	1,424	1,464	1,515	1,541	1,570	1,604
Total liabilities and equity
2,764	2,750	2,793	2,798	2,839	2,876	2,965	2,614	2,696	2,775	2,729	2,766	2,681	2,712	2,760	2,775	2,792	2,833	2,839
Class A Common Shares [Member]
Common shares
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Total equity
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Class B Common Shares [Member]
Common shares
-	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Total equity
-	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Class C Common Shares [Member]
Common shares
-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Total equity
-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Series A Preferred Shares [Member]
Preferred shares
0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Total equity
0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-