Seritage Growth FY net loss narrows, flags going concern doubts

Seritage Growth Properties

31/03/2026 21:55

Overview

U.S. retail and mixed-use property owner reported FY 2025 net loss widened from prior year

Company generated $230.7 mln in asset sale proceeds and repaid $190 mln of debt in 2025

Substantial doubt raised about ability to continue as going concern due to liquidity constraints

Outlook

Seritage Growth says anticipated proceeds and cash on hand will not cover upcoming obligations

Company is focused on monetizing remaining assets and pursuing financing alternatives in 2026

Seritage says challenging market conditions may pressure asset sale proceeds and distributions

Result Drivers

ASSET SALES - Proceeds from property dispositions were a primary source of cash, with $230.7 mln generated in 2025, per company

IMPAIRMENT CHARGES - Company recorded $18.8 mln in impairment charges on consolidated properties and $8.5 mln on unconsolidated entities in 2025

MARKET CONDITIONS - Challenging market environment, including high interest rates and limited capital availability, pressured asset values and sale proceeds, per company

Company press release: ID:nBw4DNyHKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY EPS
-$1.30
FY Net Income
-$73.12 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

Wall Street's median 12-month price target for Seritage Growth Properties is $6.50, about 144.4% above its March 30 closing price of $2.66

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)