Seritage Q3 net loss narrows to $4.7M; asset sales total $411.6M in Q3 and post-quarter

Seritage Growth Properties

2022-Q3 EPS reported -$3.57 revenue$84,110,000

Net loss attributable to common shareholders of ($4.7) million ($0.08/share), improved from ($21.8) million loss a year ago.
Total NOI of $12.2 million, up 50% YoY on same-store basis.
Generated $235.2M in Q3 asset sales, plus $176.4M post-quarter, totaling $411.6M.
Repaid $280M debt since Q2, total $440M since end of 2021, saving ~$30.8M annual interest.
Shareholders approved Plan of Sale on Oct 24; assets under contract or with offers total over $800M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Seritage Growth Properties reported financial results for three and nine months ended September 30, 2022.

Period: three and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

the Company issued a press release regarding its financial results for the three and nine months ended September 30, 2022.

View on SEC.gov

Browse all earnings releases →

Seritage Growth Properties filing history →

Source: SEC EDGAR

accession 0000950170-22-023550

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.