Seritage Growth Properties reported financial and operating results for the three months and nine months ended September 30, 2025.
The company is making progress on various asset sale processes with near-term closings expected for assets under contract.
Financial highlights include cash on hand, investments in properties, and net loss figures.
Q3 Sale Highlights
Four assets under contract for anticipated gross proceeds of $240.8 million before credits and costs, with three assets under contract with no due diligence contingencies.
Financial Highlights
Cash on hand of $65.0 million as of November 13, 2025, investments in properties, distributions from unconsolidated properties, and principal repayments on the Term Loan Facility.
Future Sales Projections
Assets either under contract or in negotiations, with remaining assets expected to be marketed in 2026.
- The company's progress in asset sales indicates potential for significant prepayments on outstanding balances.
- Investments in properties and distributions from unconsolidated properties contribute to cash flow considerations.
Seritage Growth Properties continues to navigate asset sales and investments to drive financial performance and future sales projections.