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/Mis Actual Consensu

s s

Estimate

Q3 EPS -$0.24

Q3 Net -$12.42

Income mln

Q3 $1.60

Operatin mln

g Income

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 ( SRG ) is $6.50, about 36% above its November 14 closing price of $4.16

Press Release:

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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.)