NYSE$SRG
Seritage Growth Properties · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Seritage Growth Properties reported a net loss of $30.3 million for the first quarter of 2026 amid ongoing asset sales under its Plan of Sale.
The company recorded total revenue of $2.1 million, down significantly from the prior year due to property dispositions. Net loss attributable to common shareholders was $31.5 million or $0.56 per share, including a $15.2 million impairment charge on real estate assets. Cash and cash equivalents stood at $44.5 million at quarter end as the company continues to execute on its strategic review and Plan of Sale.
- Total revenue declined 55% year-over-year to $2.05 million primarily due to asset sales.
- Recorded $15.2 million impairment on real estate assets and $5.2 million other-than-temporary impairment on unconsolidated investments.
- Net cash used in operating activities improved to $5.7 million from $9.2 million in the prior-year quarter.
- Term Loan Facility balance reduced to $50 million with maturity extended to July 31, 2026.
Headline financials
Revenue & EPS history
Seritage · Revenue · Quarterly
$2.05M
Revenue by segment
Seritage · $2.05M total across 2 segments · Q1 2026
- Rental income$1.91M—93.1%
- Management and other fee income$141K—6.9%
Forward guidance
The company continues to execute its Plan of Sale while facing substantial doubt about its ability to continue as a going concern due to the Term Loan Facility maturity.
Tailwinds
- Subsequent sale of one property for $11 million gross proceeds
- Improved operating cash burn compared to prior year
Headwinds
- Ongoing net operating cash outflows
- Term Loan Facility maturity on July 31, 2026 creates near-term liquidity pressure
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2026
-0.1%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+2.2%
Avg return
30 days after
51%
22 / 43 earnings
Positive
+17.9%
Q2 2024
Best reaction
-27.3%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +5.3% | +7.3% | — | |
| Q1 2026 | +0.8% | -10.0% | +1.2% | |
| Q3 2025 | -10.9% | -17.3% | -17.8% | |
| Q2 2025 | +12.0% | +20.6% | +46.7% | |
| Q1 2025 | -1.4% | -3.4% | +1.4% | |
| Q4 2024 | +2.2% | +6.2% | +6.2% | |
| Q3 2024 | -1.9% | -8.5% | +0.7% | |
| Q2 2024 | +17.9% | +15.3% | +19.2% | |
| Q1 2024 | -27.3% | -31.5% | -43.7% | |
| Q4 2023 | +0.4% | -0.7% | -3.4% | |
| Q3 2023 | +15.8% | +21.0% | +23.1% | |
| Q2 2023 | -9.8% | -10.7% | -13.9% | |
| Q1 2023 | -0.4% | +1.1% | +13.6% | |
| Q4 2022 | -4.9% | -13.3% | -13.7% | |
| Q3 2022 | +1.5% | +3.9% | +5.1% | |
| Q2 2022 | +6.5% | +15.1% | +5.3% | |
| Q1 2022 | -9.5% | -13.2% | -20.4% | |
| Q4 2021 | +1.4% | +8.3% | +9.1% | |
| Q3 2021 | +1.6% | +3.7% | -13.0% | |
| Q2 2021 | -1.1% | -5.1% | -6.0% | |
| Q1 2021 | -6.3% | -7.6% | -8.1% | |
| Q4 2020 | +1.2% | -1.1% | -19.4% | |
| Q3 2020 | -11.7% | +11.0% | +53.4% | |
| Q2 2020 | +15.3% | +30.7% | +61.0% | |
| Q1 2020 | +3.2% | -3.0% | +96.2% | |
| Q4 2019 | -4.3% | -10.4% | -77.7% | |
| Q3 2019 | +0.8% | +2.1% | -4.2% | |
| Q2 2019 | -3.0% | -3.5% | -6.4% | |
| Q1 2019 | +3.9% | +3.3% | -5.7% | |
| Q4 2018 | -0.2% | +2.1% | +0.2% | |
| Q3 2018 | -0.1% | -1.1% | -0.2% | |
| Q2 2018 | +1.0% | -0.2% | +6.2% | |
| Q1 2018 | +3.2% | +4.7% | +15.9% | |
| Q4 2017 | -8.4% | -12.4% | -13.9% | |
| Q3 2017 | -1.8% | -1.6% | -3.6% | |
| Q2 2017 | +4.8% | +1.9% | +2.6% | |
| Q1 2017 | -3.7% | -5.1% | -3.0% | |
| Q4 2016 | -1.9% | -3.5% | -9.6% | |
| Q3 2016 | +0.4% | -0.1% | +9.0% | |
| Q2 2016 | -1.2% | +2.3% | -7.3% | |
| Q1 2016 | +1.3% | — | — | |
| Q4 2015 | +8.6% | — | — | |
| Q3 2015 | -4.1% | — | — | |
| Q1 2015 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro