{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-020066","form_type":"8-K","ticker":"SRG","cik":"0001628063","company_name":"Seritage Growth Properties","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.731186+00:00","generated_at":"2026-06-15T06:29:11.610065+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Seritage Q1 net loss $63.2M (-$1.13/share); Total NOI $3.1M; sold 27 assets for $290.8M","bullets":["Net loss attributable to common shareholders $63.2M ($1.13 per share) for Q1 2023.","Total NOI $3.1M vs $10.5M in prior year quarter, reflecting property sales and lower income.","Sold 27 wholly owned assets for $290.8M gross proceeds in Q1; YTD total $311.9M.","Term loan balance reduced to $800M after $230M repayment; maturity extended to July 2025.","Cash on hand $132.1M at March 31; board expects no common dividends until term loan repaid."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-020066","json":"https://secwatch.observer/filing/0000950170-23-020066.json","markdown":"https://secwatch.observer/filing/0000950170-23-020066.md","text":"https://secwatch.observer/filing/0000950170-23-020066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628063/000095017023020066/0000950170-23-020066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628063/000095017023020066/srg-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:29:11.610065+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"17fed94005d0447f38bb5b8906075d49b26473f0","claim":"Seritage Growth Properties reported the quarter ended March 31, 2023 results: net income ($63.2) million, EPS ($1.13) per share.","evidence_excerpt":"Financial Highlights: For the quarter ended March 31, 2023: • As of March 31, 2023, the Company had cash on hand of $132.1 million, including $11.6 million of restricted cash. As of May 8, 2023, the Company had cash on hand of $143.5 million, including $11.6 million of restricted cash. • Net loss attributable to common shareholders of ($63.2) million, or ($1.13) per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628063/000095017023020066/0000950170-23-020066-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Net income","value":"($63.2) million"},{"label":"EPS","value":"($1.13) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}