secwatch.observer — SEC 8-K summary
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Issuer:     Seritage Growth Properties (SRG)
CIK:        0001628063
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000950170-22-023550
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628063/000095017022023550/0000950170-22-023550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628063/000095017022023550/srg-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023550

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