Seritage Growth Properties reports Q3 net loss of $13.6 mln

Seritage Growth Properties

14/11/2025 22:21

Overview

Seritage Growth Q3 net loss $13.6 mln, reflecting ongoing asset sale challenges

Company cash on hand rises to $65 mln as of November 13, 2025

Seritage negotiating asset sales with anticipated gross proceeds of $240.8 mln

Outlook

Seritage estimates gross sales proceeds of $220 - $310 mln for assets not under contract

Market conditions may impact Plan of Sale proceeds and timing of distributions

Result Drivers

ASSET SALES - Seritage is progressing with asset sales, expecting near-term closings for three assets under contract with no due diligence contingencies, potentially allowing for a sizeable prepayment of its Term Loan Facility

CASH POSITION - Company cash on hand increased to $65 million as of November 13, 2025, reflecting ongoing liquidity management

MARKET CONDITIONS - Elevated interest rates and limited capital availability are challenging market conditions affecting asset sale proceeds and timing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-$0.24
Q3 Net Income
-$12.42 mln
Q3 Operating Income
$1.60 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 36% above its November 14 closing price of $4.16

Press Release: ID:nBwXJtPLa

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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.)