EX-99.1 2 srg-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Seritage Growth Properties Reports First Quarter 2026 Operating Results New York - May 15, 2026 - Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months ended March 31, 2026. "We continue to advance discussions to refinance our remaining $50 million of corporate debt that matures at the end of July. We are furthering our exploration of the possibility of a strategic transaction while we simultaneously continue our efforts to monetize our remaining assets pursuant to our plan of sale,” said Adam Metz, CEO & President. Q1 Sale Highlights: • Received a distribution of $5.7 million from an unconsolidated entity as a result of the sale of a portion of the underlying property. • Subsequent to March 31, 2026, generated $11.0 million in gross proceeds from the sale of one vacant/non-income producing asset. Financial Highlights: For the three months ended March 31, 2026: • As of March 31, 2026, the Company had cash on hand of $58.8 million, including $14.3 million of restricted …
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Seritage Growth Properties
SRGNYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On May 15, 2026, the Company issued a press release regarding its financial results for the three months ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report.…
Company context
Prior to the adoption of the Company’s Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. As of June 30, 2026, the Company’s portfolio consisted of interests in nine properties comprised of approximately 0.8 million square feet of gross leasable area (“GLA”) or build-to-suit leased area and 139 acres of land. The portfolio encompasses four consolidated properties consisting of approximately 0.3 million square feet of GLA and 56 acres (such properties, the “Consolidated Properties”) and five unconsolidated entities consisting of approximately 0.5 million square feet of GLA and 83 acres (such properties, the “Unconsolidated Properties”).
Current securities
Recent company filings
- Results of Operations and Financial ConditionAug 14, 2026
- 10-Q filingAug 14, 2026
- Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Other EventsJul 28, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsJul 8, 2026
- Submission of Matters to a Vote of Security HoldersJun 11, 2026