{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-042513","form_type":"8-K","ticker":"SRG","cik":"0001628063","company_name":"Seritage Growth Properties","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.609016+00:00","generated_at":"2026-06-11T11:23:09.926384+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Seritage Q2 net loss $96.9M, $1.73/shr; $101.5M impairment on Aventura development","bullets":["Net loss of $96.9M ($1.73/share) vs. $112M loss in prior year; Total NOI $3.0M vs $10.6M.","Recognized $101.5M impairment on Aventura, FL development property due to rising costs and market conditions.","Sold 24 properties in Q2 for $295.4M gross proceeds; subsequent sales $68.4M; 9 assets under contract for $133.3M.","Made $250M term loan principal repayment in Q2 and $70M after quarter end; balance reduced to $480M; annual interest saving $4.9M.","D&O insurance settlements yielded $7.8M in Q2; no common dividend until term loan repaid; plan of sale ongoing."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-042513","json":"https://secwatch.observer/filing/0000950170-23-042513.json","markdown":"https://secwatch.observer/filing/0000950170-23-042513.md","text":"https://secwatch.observer/filing/0000950170-23-042513.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628063/000095017023042513/0000950170-23-042513-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628063/000095017023042513/srg-20230814.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T11:23:09.926384+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":"58cedd7f6cb91ccec9140641b38091da179450c0","claim":"Seritage Growth Properties reported the three and six months ended June 30, 2023 results: net income Net loss attributable to common shareholders of ($96.9) million, or ($1.73) per share., EPS ($1.73) per share.","evidence_excerpt":"On August 14, 2023, the Company issued a press release regarding its financial results for the three and six months ended June 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628063/000095017023042513/0000950170-23-042513-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and six months ended June 30, 2023"},{"label":"Net income","value":"Net loss attributable to common shareholders of ($96.9) million, or ($1.73) per share."},{"label":"EPS","value":"($1.73) 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"}