SRG

NEW YORK, May 15, 2026--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months ended March 31, 2026. "We continue to advance discussions to refinance our remaining $50 million of corporate debt that matures at the end of July. We are furthering our exploration of the possibility of a strategic transaction while we simultaneously continue our efforts to monetize our remaining assets pursuant to our plan of sale," said Adam Metz, CEO & President. Q1 Sale Highlights: Received a distribution of $5.7 million from an unconsolidated entity as a result of the sale of a portion of the underlying property. Subsequent to March 31, 2026, generated $11.0 million in gross proceeds from the sale of one vacant/non-income producing asset. Financial Highlights: For the three months ended March 31, 2026: As of March 31, 2026, the Company had cash on hand of $58.8 million, including $14.3 million of restricted cash. As of May 14, 2026, the Company has cash on hand of $63.2 million, including $14.4 million of restricted cash. The Company invested $0.1 million in its consolidated properties and invested $2.4 million in its unconsolidated properties. The Company received distributions of $7.4 million from its unconsolidated properties. The Company recognized impairment charges of $15.2 million on one of its consolidated properties. The Company recorded an other-than-temporary impairment loss of $5.2 million on one of its unconsolidated entities. Net loss attributable to common shareholders of ($31.3) million, or ($0.56) per share. Portfolio The table below represents a summary of the Company’s properties as of March 31, 2026 (in thousands except number of leases and acreage data): Financial Summary The table below provides a summary of the Company’s financial results for the three months ended March 31, 2026: As of March 31, 2026, the Company had cash on hand of $58.8 million, including $14.3 million of restricted cash. Subsequent to the three months ended March 31, 2026, the Company sold one of its consolidated properties for aggregate gross proceeds of $11.0 million. The Company does not currently have any assets under contract with closings that are deemed probable. Our existing cash on hand will not allow the Compa...

NEW YORK (AP) — NEW YORK (AP) — Seritage Growth Properties (SRG) on Friday reported a loss of $30.3 million in its first quarter. On a per-share basis, the New York-based company said it had a loss of 56 cents. The real estate investment trust posted revenue of $2.1 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRG at https://www.zacks.com/ap/SRG

NEW YORK, March 31, 2026--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months and year ended December 31, 2025. "In 2025, we continued to execute our plan of sale. We generated total gross proceeds of $230.7 million and repaid $190.0 million of debt, leaving a balance of $50.0 million on our term loan facility. As we look ahead in 2026, the team is focused on continuing to execute on the monetization of our remaining assets, many of which are currently in the market. In addition, we are pursuing several different financing alternatives to address our upcoming term loan facility maturity and we are also continuing to explore the possibility of a strategic transaction now that we have a simplified portfolio," said Adam Metz, CEO & President. Q4 Sale Highlights: Generated $10.5 million of gross proceeds from the sale of one vacant/non-income producing asset eliminating $0.1 million of carrying costs. Generated $28.5 million of gross proceeds from the sale of one income producing asset reflecting a 7.4% capitalization rate. Generated $131.0 million of gross proceeds from the sale of one non-stabilized premier income producing property. Subsequent to December 31, 2025, the Company received a distribution of $5.7 million from an unconsolidated entity as a result of the sale of a portion of the underlying property. As of March 31, 2026, the Company has one asset under contract to sell for anticipated gross proceeds of $11.0 million before applicable credits and costs, subject to customary due diligence and customary closing conditions. Financial Highlights: For the three and twelve months ended December 31, 2025: As of December 31, 2025, the Company had cash on hand of $62.3 million, including $14.2 million of restricted cash. As of March 31, 2026, the Company has cash on hand of $59.1 million, including $14.3 million of restricted cash. During the three and twelve months ended December 31, 2025, the Company invested $4.5 million and $26.3 million, respectively, in its consolidated properties primarily related to tenant leasing costs and invested $0.1 million and $0.5 million, respectively, in its unconsolidated properties. During the three and twelve months ended December 31, 2025, the Company recei...

NEW YORK (AP) — NEW YORK (AP) — Seritage Growth Properties (SRG) on Tuesday reported a loss of $5.1 million in its fourth quarter. On a per-share basis, the New York-based company said it had a loss of 11 cents. The real estate investment trust posted revenue of $4.2 million in the period. For the year, the company reported a loss of $68.2 million, or $1.30 per share. Revenue was reported as $18.2 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRG at https://www.zacks.com/ap/SRG

NEW YORK (AP) — NEW YORK (AP) — Seritage Growth Properties (SRG) on Friday reported a loss of $12.4 million in its third quarter. On a per-share basis, the New York-based company said it had a loss of 24 cents. The real estate investment trust posted revenue of $4.8 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRG at https://www.zacks.com/ap/SRG

NEW YORK, November 14, 2025--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months and nine months ended September 30, 2025. "We continue to see good progress on our various asset sale processes. While not guaranteed, we currently expect to see near-term closings for all three assets under contract with no due diligence contingencies, which, if completed, would allow us to make a sizeable prepayment of our Term Loan Facility outstanding principal balance prior to year end," said Adam Metz, CEO & President. Q3 Sale Highlights: As of November 13, 2025, the Company has four assets under contract for anticipated gross proceeds of $240.8 million before applicable credits and costs. Of the four assets, three are under contract with no due diligence contingencies for total anticipated gross proceeds of $170.0 million and one asset is subject to a due diligence contingency for anticipated gross proceeds of $70.8 million. All sales are subject to customary closing conditions. Assets under contract include the following: One income producing asset for anticipated gross proceeds of $28.5 million reflecting a 7.4% capitalization rate; One non-stabilized premier income producing asset for anticipated gross proceeds of $131.0 million; One vacant/non-income producing asset for anticipated gross proceeds of $10.5 million eliminating $0.1 million of carrying costs; and One premier development asset for anticipated gross proceeds of $70.8 million subject to a long dated closing and the pursuit of a master plan amendment. The Company is currently negotiating definitive purchase and sale agreements on three joint venture assets which would result in anticipated gross distributions to the Company of approximately $47.3 million. If the definitive purchase agreements are executed, the assets in negotiations will all have various closing conditions, closing credits and costs and closing timelines. Financial Highlights: For the three months ended September 30, 2025: As of September 30, 2025, the Company had cash on hand of $59.9 million, including $8.3 million of restricted cash. As of November 13, 2025, the Company had cash on hand of $65.0 million, including $8.3 million of restricted cash. During the three months end...

Explore Seritage Growth Properties's Fair Values from the Community and select yours Revenue: US$4.65m (up 28% from 2Q 2024). Net loss: US$29.7m (loss narrowed by 71% from 2Q 2024). US$0.53 loss per share (improved from US$1.82 loss in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Seritage Growth Properties shares are up 12% from a week ago. Be aware that Seritage Growth Properties is showing 1 warning sign in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

NEW YORK (AP) — NEW YORK (AP) — Seritage Growth Properties (SRG) on Thursday reported a loss of $28.5 million in its second quarter. The New York-based company said it had a loss of 53 cents per share. The real estate investment trust posted revenue of $4.7 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRG at https://www.zacks.com/ap/SRG

NEW YORK, August 14, 2025--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months and six months ended June 30, 2025. "We exercised our option and extended the maturity date of our Term Loan Facility which should allow us to execute sales at appropriate pricing and timing to help maximize value for our shareholders. Additionally, we are pleased to report progress on various asset sale processes including the signing of three purchase and sales agreements with five others in negotiations. We will continue to pursue our Plan of Sale with the objective of repaying our remaining debt and ultimately making distributions to our shareholders." said Adam Metz, CEO & President. Q2 Sale Highlights: Generated $23.0 million of gross proceeds from the sale of one premier property sold at $130.82 PSF eliminating $0.6 million in carrying costs. Generated $8.1 million of gross proceeds from the sale of one unconsolidated entity interest comprised of two properties. As of August 14, 2025, the Company has three assets under contract for anticipated gross proceeds of $109.8 million before applicable credits and costs. Of the three assets, two are for sale with no due diligence contingencies for total anticipated gross proceeds of $39.0 million and one asset is subject to a due diligence contingency for anticipated gross proceeds of $70.8 million. All sales are subject to customary closing conditions and in certain instances closing contingencies. Assets under contract include the following: One income producing asset for anticipated gross proceeds of $28.5 million reflecting a 7.4% capitalization rate; One vacant/non-income producing asset for anticipated gross proceeds of $10.5 million eliminating $0.1 million of carrying costs; and One premier development asset for anticipated gross proceeds of $70.8 million subject to a long dated closing and the pursuit of a master plan amendment. The Company is currently negotiating definitive purchase and sale agreements on five assets for anticipated gross proceeds of approximately $226.4 million, $181.2 million at share. The assets in negotiations, if the definitive purchase agreements are executed, will all have various closing conditions, closing credits and costs and clo...

Revenue: US$4.60m (down 25% from 1Q 2024). Net loss: US$23.4m (loss widened by 16% from 1Q 2024). US$0.42 loss per share (further deteriorated from US$0.36 loss in 1Q 2024). We've discovered 1 warning sign about Seritage Growth Properties. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Seritage Growth Properties shares are down 1.7% from a week ago. It is worth noting though that we have found 1 warning sign for Seritage Growth Properties that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

NEW YORK (AP) — NEW YORK (AP) — Seritage Growth Properties (SRG) on Thursday reported a loss of $22.2 million in its first quarter. The New York-based company said it had a loss of 42 cents per share. The real estate investment trust posted revenue of $4.6 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRG at https://www.zacks.com/ap/SRG

NEW YORK, May 15, 2025--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months ended March 31, 2025. "The Company's strategy following the completion of a smooth CEO transition remains the same. We will continue to pursue our Plan of Sale with the priority of repaying our remaining debt from the sale of assets. Our team is focused on executing transactions at appropriate pricing for our assets already in the market as well as taking the necessary steps to monetize the remaining assets in our portfolio to create value for our shareholders." said Adam Metz, Interim CEO & President. Q1 Sale Highlights: Generated $29.9 million of gross proceeds from the sale of an income producing asset reflecting a 7.7% capitalization rate. As of May 15, 2025, the Company has one asset owned by our consolidated joint venture under contract for sale subject to customary due diligence for anticipated gross proceeds of $14.0 million or $11.2 million at share. The Company is currently negotiating a definitive purchase and sale agreement on one premier development asset for anticipated gross proceeds of approximately $70.0 million. The purchase and sales agreement, if executed, contemplates a long-dated closing due to the agreed upon pursuit of a master plan amendment. Financial Highlights: For the three months ended March 31, 2025: As of March 31, 2025, the Company had cash on hand of $107.1 million, including $12.9 million of restricted cash. As of May 13, 2025, the Company had cash on hand of $99.9 million, including $11.9 million of restricted cash. During the three months ended March 31, 2025, the Company invested $13.3 million in its consolidated properties. Net loss attributable to common shareholders of ($23.4) million, or ($0.42) per share. Net Operating Income-cash basis at share ("NOI-cash basis at share") of $2.6 million. Future Sales Projections The data below provides additional information regarding current estimated gross sales proceeds per asset in the portfolio as of May 15, 2025, excluding assets under contract or in PSA negotiation, which are described above. The assets listed below are either being marketed or are to be marketed at the appropriate time based on market conditions and, as a result, any...