Seritage Growth Properties Q2 2026: Revenue $1.87M, EPS $(0.13) — 10-Q Summary

Seritage Growth Properties reported results for the quarter ended Q2 2026, with revenue of $1.87M and a net loss attributable to common shareholders of $(7.35)M, or diluted EPS of $(0.13). Revenue fell sharply year over year as the company continued its asset-sale program and portfolio wind‑down.

Financial Highlights

• Revenue was $1.874M for Q2 2026, down from $4.653M in the year‑ago quarter (≈ (59.7%) YoY).
• Net income: Net loss attributable to common shareholders of $(7.353)M for Q2 2026, versus $(29.731)M in the year‑ago quarter (improved YoY).
• Diluted EPS was $(0.13) for Q2 2026, compared with $(0.53) in the year‑ago quarter (improved YoY).

Business Highlights

• Plan of Sale execution continues: management sold multiple consolidated and unconsolidated properties to realize proceeds as part of its monetization strategy.
• Portfolio now reduced to nine properties (approximately 0.8M sq ft); focus remains on leasing the built footprint, pursuing densification and securing entitlements to enhance sale value.
• Rental income and property cash flows declined materially due to property dispositions, requiring use of cash and alternative liquidity for operations.
• Recognized significant impairments (about $15.2M year to date) after marketed processes produced offers below carrying values.
• High interest rates and tight capital markets have slowed transactions; management continues to consider alternatives while positioning remaining assets for sale.

Original SEC Filing: Seritage Growth Properties [ SRG ] - 10-Q - Aug. 14, 2026