Seritage Growth Properties (SRG) Form 10-Q — May 14, 2026
Seritage Growth Properties reported a net loss of $30.3 million for Q1 2026, driven by $20.4 million in asset impairments as the company continues to liquidate its portfolio under an approved Plan of Sale. Revenue declined 55% year-over-year to $2.1 million, reflecting the shrinking asset base. The filing includes a critical going-concern warning, stating that existing cash of $58.8 million is insufficient to fund obligations, particularly the $50 million Term Loan maturing on July 31, 2026. Management acknowledges that plans to sell remaining assets do not alleviate substantial doubt about the company's ability to continue as a going concern.
Key figures
- Revenue
- 2050000
- Total Debt
- 50000000
- Cash Position
- 58814000
- Shares outstanding
- 56324607
- Term loan maturity
- 2026-07-31
- Impairment real estate
- 15183000
- Impairment unconsolidated
- 5200000
Price after filing
Close on the filing date to close N calendar days later (from $2.62). Historical, not a forecast.
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