---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-047882"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T01:53:10.467768+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Seritage posts FY2024 net loss of $158.4M; CEO Olshan to step down April 11

## Summary
- FY2024 net loss $158.4M ($2.82/sh); Q4 net loss $12.6M vs Q4 2023 profit $4.7M.
- NOI-cash basis at share fell to $2.6M for FY2024 from $8.6M in FY2023.
- CEO Andrea Olshan steps down April 11; Board Chair Adam Metz becomes Interim CEO.
- Proceeds of $50.8M from three vacant asset sales in Q4; post-year $29.9M sale at 7.7% cap.
- Cash on hand $107M as of March 28; $240M term loan balance after $120M repayments in 2024.

## SEC filing metadata
- accession: 0000950170-25-047882
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2025-03-31T23:59:59+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/1628063/000095017025047882/0000950170-25-047882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000095017025047882/srg-20250331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-047882
- JSON: https://secwatch.observer/filing/0000950170-25-047882.json
- Plain text: https://secwatch.observer/filing/0000950170-25-047882.txt

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