{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-039559","form_type":"8-K","ticker":"SRG","cik":"0001628063","company_name":"Seritage Growth Properties","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.315112+00:00","generated_at":"2026-06-04T03:34:18.857307+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Seritage reports FY2023 net loss of $159.8M; sold $842.7M of assets, cut debt by $670M","bullets":["Net loss attributable to common shareholders of $159.8M ($2.85 per share) for 2023; Q4 net income of $4.7M.","Sold 68 assets for gross proceeds of $842.7M in 2023; repaid $670M of Term Loan, balance $330M as of March 22, 2024.","Cash on hand $149.7M at Dec 31, 2023 ($132.6M as of March 22, 2024); no common dividend expected until term loan repaid.","Total NOI for 2023 was $8.6M, down from $43.5M in 2022, reflecting asset sales.","Continuing Plan of Sale with focus on premier development sites; four assets under contract for $53.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-039559","json":"https://secwatch.observer/filing/0000950170-24-039559.json","markdown":"https://secwatch.observer/filing/0000950170-24-039559.md","text":"https://secwatch.observer/filing/0000950170-24-039559.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628063/000095017024039559/0000950170-24-039559-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628063/000095017024039559/srg-20240401.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:34:18.857307+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":"ccda476d6cdc3c7ebeabd98831439e476f1722e2","claim":"Seritage Growth Properties reported the year ended December 31, 2023 results: net income ($159.8) million, or ($2.85) per share.","evidence_excerpt":"Seritage Growth Properties Reports Fourth Quarter and Full Year 2023 Operating Results","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628063/000095017024039559/0000950170-24-039559-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"($159.8) million, or ($2.85) 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"}