---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-097112"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:20:40.160479+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Seritage Q2 net loss $102.5M, Aventura impairment $85.8M, securities lawsuit filed

## Summary
- Net loss attributable to common shareholders of $102.5M ($1.82 per share) vs. $96.9M loss a year ago.
- Recorded $85.8M impairment on Aventura development property due to higher discount/cap rates.
- Generated $40.4M gross proceeds from asset sales; five assets under contract for $138.6M total.
- Class action lawsuit filed July 1 alleging false disclosures about impairment review and asset values; seeks unspecified damages.
- Term loan reduced by $50M to $280M; cash on hand $100.5M as of June 30, 2024.

## SEC filing metadata
- accession: 0000950170-24-097112
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2024-08-14T23:59:59+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/1628063/000095017024097112/0000950170-24-097112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000095017024097112/srg-20240814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-097112
- JSON: https://secwatch.observer/filing/0000950170-24-097112.json
- Plain text: https://secwatch.observer/filing/0000950170-24-097112.txt

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