Seritage Growth Properties

Listed Company

SRGCIK 0001628063NYSENon-AcceleratedSmaller ReportingReal EstateMarylandITFY ends Dec 31

Period

FY 2025

Revenue

$18.20M

Net Income

$-68.22M

Total Assets

$393.78M

Equity

$331.42M

Shares Out

Op. Cash Flow

$-34.90M

SRG$2.64−20.48% · past yearDBEQ Basic

Daily closing prices

Business

Seritage Growth Properties is a real estate company that owns and operates a portfolio of retail and mixed-use properties across the United States. The company owns interests in 10 properties comprising approximately 0.8 million square feet of gross leasable area and 156 acres of land, organized as consolidated and unconsolidated properties. The company is executing a Plan of Sale approved by shareholders to monetize its assets through leasing, development, and disposition, with the goal of distributing net proceeds to shareholders and dissolving.

Summary from 10-K filed 2026-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental income	18	17	15	105	116
Management and other fee income	607,000	567,000	6	2	1
Total revenue	18	18	21	107	117
Property operating	14	16	21	42	45
Abandoned project costs	0	6	—	—	—
Real estate taxes	2	4	6	24	35
Depreciation and amortization	6	13	14	41	51
General and administrative	32	30	46	48	42
Total expenses	55	69	88	190	173
Gain on sale of real estate, net	20	11	96	212	222
(Loss) gain on sale of interests in unconsolidated entities	−1	2	6	−677,000	—
Impairment of real estate assets	−19	−88	−107	−127	−96
Equity in loss of unconsolidated entities	−13	−3	−56	−72	−9
Interest and other income (expense), net	2	3	17	—	—
Interest expense	−20	−25	−45	−87	−108
Loss before income taxes	−68	−152	−155	−120	−39
Provision for income taxes	0	−2	−38,000	−466,000	−196,000
Net loss	−68	−154	−155	−120	−39
Preferred dividends	−5	−5	−5	−5	−5
Net loss attributable to Seritage common shareholders	−73	−158	−160	−79	−33
Net loss per share attributable to Seritage Class A common shareholders - Basic	−1.3	−2.82	−2.85	−1.59	−0.78
Net loss per share attributable to Seritage Class A common shareholders - Diluted	−1.3	−2.82	−2.85	−1.59	−0.78
Weighted average Class A common shares outstanding - Basic	56	56	56	50	42
Weighted average Class A common shares outstanding - Diluted	56	56	56	50	42

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Land	25	65	102	173	476
Buildings and improvements	135	240	345	464	994
Accumulated depreciation	−15	−40	−36	−57	−155
Real Estate Investment Property, at Cost, Total	145	265	411	579	1,315
Construction in progress	629,000	94	135	185	381
Net investment in real estate	146	359	546	764	1,696
Real estate held for sale	9	0	39	456	—
Investment in unconsolidated entities	156	190	196	383	499
Cash and cash equivalents	48	85	134	133	107
Restricted cash	14	13	16	11	7
Tenant and other receivables, net	4	8	12	41	29
Lease intangible assets, net	171,000	1	886,000	2	15
Prepaid expenses, deferred expenses and other assets, net	17	23	29	51	62
Total assets	394	678	974	1,842	2,414
Term loan facility, net	48	240	360	1,030	1,439
Accounts payable, accrued expenses and other liabilities	13	32	51	89	109
Total liabilities	61	272	411	1,119	1,569
Commitments and Contingencies (Note 9)	—	—	—	—	—
Additional paid-in capital	1,363	1,363	1,362	1,360	1,241
Accumulated deficit	−1,032	−959	−800	−641	−554
Total shareholders' equity	331	404	562	720	688
Non-controlling interests	1	1	1	2	157
Total equity	333	406	563	723	845
Total liabilities and equity	394	678	974	1,842	2,414

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Distributions from unconsolidated entities	4	7	—	—	2
Gain on sale of real estate, net	−20	−11	−96	−212	−222
Share-based compensation	201,000	1	3	3	2
Amortization of deferred financing costs	2	0	246,000	422,000	422,000
Amortization of above and below market leases, net	153,000	189,000	176,000	223,000	176,000
Straight-line rent adjustment	−265,000	917,000	17	−1	−2
Non-cash lease expense	1	619,000	—	—	—
Tenants and other receivables	2	5	13	−11	6
Prepaid expenses, deferred expenses and other assets	−715,000	911,000	6	3	−4
Accounts payable, accrued expenses and other liabilities	6	−13	−11	−21	−36
Net cash used in operating activities	−35	−54	−53	−118	−136
Investment in unconsolidated entities	−492,000	−9	−13	−26	−39
Distributions from unconsolidated entities	7	8	153	68	13
Net proceeds from sale of interests in unconsolidated entities	8	0	—	—	—
Net proceeds from sale of real estate	210	156	673	643	392
Development of real estate	−26	−28	−80	−99	−106
Net cash provided by investing activities	198	127	733	586	261
Repayment of term loan	−190	−120	−670	−410	−160
Payment of deferred financing costs	−4	0	—	—	—
Purchase of shares related to stock grant recipients' tax withholdings	−126,000	−586,000	−315,000	—	−269,000
Preferred dividends paid	−5	−5	−5	−5	−5
Contributions from non-controlling member of consolidated variable interest entities	37,000	173,000	126,000	—	4
Net cash used in financing activities	−199	−125	−675	−437	−161
Net decrease in cash and cash equivalents, and restricted cash	−35	−52	5	31	−37
Cash payments for interest	19	25	46	99	115
Income taxes paid	0	2	38,000	—	—
Accounts payable related to development of real estate	232,000	17	20	38	27
Preferred dividends declared and unpaid	1	1	1	1	1

Filings

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Frequently asked questions

What is Seritage Growth Properties's CIK number?

Seritage Growth Properties's SEC CIK number is 0001628063 (1628063). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Seritage Growth Properties's SEC filings?

All of Seritage Growth Properties's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Seritage Growth Properties last report earnings?

Seritage Growth Properties (SRG) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-225085). This is Seritage Growth Properties's most recent earnings filing of record — not a forecast of its next earnings date.

What is Seritage Growth Properties's most recent earnings 8-K?

Seritage Growth Properties's latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001193125-26-225085. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Seritage Growth Properties's latest earnings 8-K →
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