{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-134804","form_type":"8-K","ticker":"SRG","cik":"0001628063","company_name":"Seritage Growth Properties","filed_at":"2026-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.681126+00:00","generated_at":"2026-05-15T08:10:20.853866+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Seritage reports 2025 net loss $73.1M; raises going concern doubt","bullets":["Q4 net loss $6.3M ($0.11 per share); full year net loss $73.1M ($1.30 per share).","Generated $230.7M gross proceeds from sales in 2025; repaid $190M debt, leaving $50M term loan maturing July 2026.","Company says insufficient cash and proceeds to meet obligations, creating substantial doubt about going concern.","Recognized $18.8M impairment on consolidated properties and $8.5M other-than-temporary impairment on unconsolidated entity.","Multiple securities class action and derivative lawsuits filed; company intends to vigorously defend."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-134804","json":"https://secwatch.observer/filing/0001193125-26-134804.json","markdown":"https://secwatch.observer/filing/0001193125-26-134804.md","text":"https://secwatch.observer/filing/0001193125-26-134804.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628063/000119312526134804/0001193125-26-134804-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628063/000119312526134804/srg-20260331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:10:20.853866+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3c3c6600d4a8f3e55bc1d0042fd96ac9f4a29e5c","claim":"Seritage Growth Properties reported the year ended December 31, 2025 results: net income ($73.1) million, EPS ($1.30) per share.","evidence_excerpt":"Net loss attributable to common shareholders of ($6.3) million, or ($0.11) per share and ($73.1) million, or ($1.30) per share for the three and twelve months ended December 31, 2025, respectively.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628063/000119312526134804/0001193125-26-134804-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2025"},{"label":"Net income","value":"($73.1) million"},{"label":"EPS","value":"($1.30) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6ea8d3c24197dafe964aa00550354c19af7699ba","claim":"Seritage Growth Properties reported the three months ended December 31, 2025 results: net income ($6.3) million, EPS ($0.11) per share.","evidence_excerpt":"Net loss attributable to common shareholders of ($6.3) million, or ($0.11) per share and ($73.1) million, or ($1.30) per share for the three and twelve months ended December 31, 2025, respectively.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628063/000119312526134804/0001193125-26-134804-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended December 31, 2025"},{"label":"Net income","value":"($6.3) million"},{"label":"EPS","value":"($0.11) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}