• Seritage Growth Properties posted revenue of USD 1.91 million for quarter ended March 31, 2026, down 57.18%.
• Operating results deteriorated as impairment of real estate assets swung to a loss of USD 15.18 million from no charge a year earlier.
• Equity loss from unconsolidated entities narrowed 9.6% to USD 7.17 million, while interest expense fell 44.49% to USD 2.9 million.
• Net cash used in operating activities improved to USD 5.72 million from USD 9.19 million, while the company ended quarter with USD 50 million outstanding on its Term Loan Facility.
• Plan of Sale continued with portfolio reduced to interests in 10 properties totaling about 0.8 million square feet of gross leasable or build-to-suit leased area and 154 acres; one consolidated property was sold after quarter-end for gross proceeds of USD 11 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seritage Growth Properties published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-224751), on May 15, 2026, and is solely responsible for the information contained therein.