Seritage Q1 net loss widens to $31.3M; going concern doubt flagged

Seritage Growth Properties

2026-Q1 EPS reported -$0.56 revenue$2,050,000

Net loss per share ($0.56) vs ($0.42) in Q1 2025; impairments total $20.4M.
Cash on hand $58.8M at March 31, 2026; $50M term loan matures July 31, 2026.
CEO says advancing debt refinancing and exploring strategic transaction/sale.
Subsequent to Q1, sold one asset for $11.0M gross proceeds; no further closings probable.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Seritage Growth Properties reported three months ended March 31, 2026 results: net income ($31,543), EPS (0.56).

Period: three months ended March 31, 2026
Net income: ($31,543)
EPS: (0.56)
Result: reported results

Exact text from the filing

Net loss attributable to Seritage common shareholders $ (31,543 ) $ (23,427 ) Net loss per share attributable to Seritage common shareholders (0.56 ) (0.42 )

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Source: SEC EDGAR

accession 0001193125-26-225085

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