Seritage Growth Properties (NYSE: SRG) has released its financial results for the fourth quarter and the full year ended December 31, 2025. The company reported a net loss attributable to common shareholders of $6.3 million, or $0.11 per share, for the three months ended December 31, 2025, and a net loss of $73.1 million, or $1.30 per share, for the full year. The results reflect ongoing challenges in the retail real estate market and the company's strategic shift towards asset monetization. In 2025, Seritage generated total gross proceeds of $230.7 million from asset sales, which allowed it to repay $190.0 million of debt, leaving a balance of $50.0 million on its term loan facility. Despite these efforts, the company continues to face liquidity concerns as it approaches the maturity of its term loan facility in July 2026. The company had cash on hand of $59.1 million as of March 31, 2026, including $14.3 million of restricted cash. The ongoing strategic review process aims to maximize value through the sale of remaining assets, but the company acknowledges the challenging market conditions, including elevated interest rates and limited access to capital. The company is also dealing with litigation matters, including a class action lawsuit alleging violations of federal securities laws. As Seritage navigates these challenges, it remains focused on executing its plan of sale and exploring financing alternatives to address its liquidity needs.

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