Net loss of $29.7M in Q2 2025; extends term loan to July 2026

Seritage Growth Properties

2025-Q2 EPS reported -$0.94 revenue$9,252,000

Net loss attributable to common shareholders of $29.7M ($0.53 per share); NOI-cash basis at share of $2.6M.
Generated $23.0M from sale of one property at $130.82 PSF; three assets under contract for $109.8M gross proceeds.
Extended term loan maturity to July 31, 2026 with $4.0M extension fee; repaid $40M in principal during Q2.
Impairment charge of $18.0M on consolidated properties.
Cash on hand $80.1M at June 30, 2025; ongoing securities class action and derivative lawsuits.

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