---
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"
generated_at: "2026-06-04T03:34:18.857307+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Seritage reports FY2023 net loss of $159.8M; sold $842.7M of assets, cut debt by $670M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-039559
- JSON: https://secwatch.observer/filing/0000950170-24-039559.json
- Plain text: https://secwatch.observer/filing/0000950170-24-039559.txt

## Key facts
- Earnings Releases
  Seritage Growth Properties reported the year ended December 31, 2023 results: net income ($159.8) million, or ($2.85) per share.
  - Period: the year ended December 31, 2023
  - Net income: ($159.8) million, or ($2.85) per share
  - Result: reported results
  source text: Seritage Growth Properties Reports Fourth Quarter and Full Year 2023 Operating Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628063/000095017024039559/0000950170-24-039559-index.htm

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