• Seritage Growth Properties posted a wider net loss attributable to common shareholders of USD 31.54 million, or USD 0.56 per share, for the three months ended March 31, 2026.
• Cash totaled USD 58.8 million at quarter-end, including USD 14.3 million of restricted cash; cash rose to USD 63.2 million as of May 14, including USD 14.4 million restricted.
• Impairment charges were USD 15.2 million on one consolidated property; other-than-temporary impairment loss was USD 5.2 million on one unconsolidated entity.
• Subsequent to quarter-end, it generated USD 11 million in gross proceeds from sale of one vacant/non-income producing asset; it also received a USD 5.7 million distribution tied to a partial sale at an unconsolidated entity.
• CEO Adam Metz said talks continue to refinance remaining USD 50 million of corporate debt due end of July, while it explores a potential strategic transaction alongside asset monetizations under its Plan of Sale.

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: 0001193125-26-225085), on May 15, 2026, and is solely responsible for the information contained therein.