---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-061196"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:38:02.705479+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Seritage Q3 net loss $2.1M; asset sales $156.8M; prepaid $40M on term loan

## Summary
- Net loss attributable to common shareholders of $2.1M (EPS $(0.04)); total NOI $1.1M.
- Generated $156.8M gross proceeds from asset sales in Q3, including $94M from unconsolidated entities.
- Subsequent to quarter end, prepaid $40M on term loan; total repaid $1.24B since Dec 2021; balance $360M.
- Prepayment reduces annual interest expense by approx $2.8M.
- Signed 3 leases covering 12k sq ft at avg projected net rent $55.94 PSF.

## SEC filing metadata
- accession: 0000950170-23-061196
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628063/000095017023061196/0000950170-23-061196-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000095017023061196/srg-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-061196
- JSON: https://secwatch.observer/filing/0000950170-23-061196.json
- Plain text: https://secwatch.observer/filing/0000950170-23-061196.txt

## Key facts
- Earnings Releases
  Seritage Growth Properties reported the three and nine months ended September 30, 2023 results: net income Net loss attributable to common shareholders of ($3.8) million, or ($0.07) per share.
  - Period: the three and nine months ended September 30, 2023
  - Net income: Net loss attributable to common shareholders of ($3.8) million, or ($0.07) per share
  - Result: reported results
  source text: On November 8, 2023, the Company issued a press release regarding its financial results for the three and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628063/000095017023061196/0000950170-23-061196-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.