Seritage Growth Properties — Third Quarter 2026 Earnings Summary

Seritage Growth Properties reported a net loss of $36.2 million for the nine months ended September 30, 2026, driven by a $15.2 million impairment charge on a consolidated property and a $5.2 million impairment on an unconsolidated entity. During the third quarter, the company generated $3.0 million in gross proceeds from asset sales and received $8.9 million in distributions from an unconsolidated entity. As of September 30, 2026, the company held $45.4 million in cash and had $10.0 million available under its new revolving loan facility, which was established in July 2026 to refinance a prior term loan. The company's portfolio consists of eight properties with a total of approximately 0.7 million square feet of gross leasable area and 133 acres of land.