---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-057882"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:48:08.606063+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Seritage Q1 net loss $20.2M; sold $80M assets YTD, repaid $80M debt

## Summary
- Net loss of $20.2M ($0.36 diluted EPS) in Q1 2024; Total NOI of $2.1M.
- Sold $48.8M in Q1 and $31.8M after quarter end; $80M total YTD.
- Repaid $30M on term loan in Q1 and $50M after quarter end; balance now $280M.
- Cash on hand $130.8M at March 31; $102.4M at May 7, 2024.
- No common dividends expected until term loan repaid; preferred dividend of $0.4375 declared.

## SEC filing metadata
- accession: 0000950170-24-057882
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628063/000095017024057882/0000950170-24-057882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000095017024057882/srg-20240510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-057882
- JSON: https://secwatch.observer/filing/0000950170-24-057882.json
- Plain text: https://secwatch.observer/filing/0000950170-24-057882.txt

## Key facts
- Earnings Releases
  Seritage Growth Properties reported the three months ended March 31, 2024 results: net income ($20.2) million, EPS ($0.36) per share.
  - Period: the three months ended March 31, 2024
  - Net income: ($20.2) million
  - EPS: ($0.36) per share
  - Result: reported results
  source text: On May 10, 2024, the Company issued a press release regarding its financial results for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628063/000095017024057882/0000950170-24-057882-index.htm

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