Seritage Q2 net loss $7.4M, refinances debt, sells assets amid ongoing plan of sale

Seritage Growth Properties

2026-Q2 EPS reported -$0.69 revenue$3,924,000

Q2 net loss attributable to common shareholders $7.4M ($0.13/share); H1 loss $38.9M ($0.69/share).
Refinanced: new $15M term loan and $25M revolver; drew $15M, repaid $50M term loan; $10M revolver availability.
Cash on hand $62.9M at June 30; $48.6M at Aug 14; sold assets for $11M in Q2, $3M post-quarter, $8.9M distribution.
Dallas PSA for $50.8M gross proceeds; option payments monthly; no assurance of exercise.
Litigation: securities class action and derivative suits pending; company intends to defend.

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