Seritage Q2 net loss narrows to $7.4 million as revenue falls to $1.9 million
Seritage Growth Properties reported second-quarter 2026 results with a net loss attributable to common shareholders of $7.4 million, or $0.13 per share, compared with $29.7 million, or $0.53 per share, a year earlier. Revenue fell sharply to $1.9 million from $4.7 million, while the company repaid its $50.0 million term loan using new loans and cash on hand, and said it continues to explore a strategic transaction.
Key points
- Q2 2026 net loss attributable to common shareholders was $7.4 million ($0.13 per share), versus $29.7 million ($0.53 per share) in Q2 2025.
- Q2 2026 total revenue was $1.9 million, versus $4.7 million in Q2 2025.
- Six-month net loss was $38.9 million ($0.69 per share), including a $15.2 million impairment on one consolidated property.
- On July 24, 2026, the company closed a $15.0 million term loan and $25.0 million revolver, drew $15.0 million, and repaid the $50.0 million term loan balance.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.