---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-072787"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T05:12:22.430603+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Seritage posts Q1 net loss of $23.4M; interim CEO highlights asset sales plan

## Summary
- Net loss attributable to common shareholders of $23.4M ($0.42/diluted share) vs $20.2M loss in prior-year quarter.
- Generated $29.9M gross proceeds from asset sale at 7.7% cap rate; negotiating $70M PSA for premier development asset.
- Cash on hand $107.1M as of March 31; NOI-cash basis at share of $2.6M.
- CEO Andrea Olshan stepped down April 11; Chairman Adam Metz appointed Interim CEO at $80k/month salary.
- Securities class action and three derivative suits pending; $0.4375/share preferred dividend declared for Series A.

## SEC filing metadata
- accession: 0000950170-25-072787
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628063/000095017025072787/0000950170-25-072787-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000095017025072787/srg-20250515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-072787
- JSON: https://secwatch.observer/filing/0000950170-25-072787.json
- Plain text: https://secwatch.observer/filing/0000950170-25-072787.txt

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