Earnings ·
Seritage Growth Properties reported a net loss attributable to common shareholders of $7.4 million ($0.13 per share)…
SRG-PASeritage Growth Properties
Seritage Growth Properties reported a net loss attributable to common shareholders of $7.4 million ($0.13 per share) for the second quarter ended June 30, 2026, and $38.9 million ($0.69 per share) for the six-month period. The company generated $11.0 million in gross proceeds from asset sales during Q2 and subsequently sold another property for $3.0 million while receiving an $8.9 million distribution from an unconsolidated entity. Management refinanced its debt by entering into a new $15.0 million term loan and a $25.0 million revolving facility, drawing $15.0 million to fully repay the previous $50.0 million Term Loan Facility. The Board declared a quarterly dividend of $0.4375 per share on its Series A preferred shares for the period ending September 30, 2026. Seritage Growth Properties is a real estate investment trust that owns and develops retail, residential, and mixed-use properties.