Seritage Growth Properties Reports Second Quarter 2026 Operating Results
Seritage Growth Properties reported Q2 net loss of $7.4 million, or $0.13 per share, a significant improvement from the $29.7 million loss a year ago, as the company advances its Plan of Sale wind-down. The company closed on a refinancing, securing a new $15 million term loan and $25 million revolving facility to repay the prior $50 million term loan, leaving it with $48.6 million in cash and availability as of mid-August.
Key figures
- Revenue
- 1874000
- Net loss 6m
- 38900000
- Net loss q2
- 7400000
- Cash on hand
- 48600000
- New term loan
- 15000000
- New revolving credit
- 25000000
- Asset sales proceeds q2
- 11000000
AI analysis
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