SRG

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

Seritage Growth Properties Reports Second Quarter 2026 Operating Results

New York – August 14, 2026 – Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three and six months ended June 30, 2026.

"We were pleased to close on the refinancing of the term loan facility which should allow us additional flexibility to execute sales at appropriate pricing and timing to help maximize value for our shareholders while we continue our efforts on the plan of sale. Additionally, we continue to explore the possibility of a strategic transaction as we simplify our portfolio,” said Adam Metz, CEO & President.

Q2 Sale Highlights:

• Generated gross proceeds of $11.0 million from the sale of one vacant/non-income producing asset.

• Subsequent to June 30, 2026, generated $3.0 million in gross proceeds from the sale of one vacant/non-income producing asset and received a distribution of $8.9 million from an unconsolidated entity as a result of the sale of a portion of the underlying property.

• As previously disclosed, the Company has entered into an option purchase and sale agreement (the “PSA”) to sell one vacant non-income producing premier asset in Dallas, Texas for anticipated gross proceeds of $50.8 million before applicable credits and costs. The sale is subject to customary closing conditions and is also cross-conditioned and cross-defaulted with an option purchase and sale agreement between the buyer and unaffiliated owners of a neighboring parcel. The buyer made an initial option payment of $169,200, then (i) commencing on July 1, 2026, and each month thereafter that the PSA remains in effect through December 1, 2026, the Company shall receive an option payment equal to $126,900 and (ii) commencing on January 1, 2027, and each month thereafter that the PSA remains in effect through January 1, 2028, the Company shall receive an option payment equal to $274,950. All option payments are incremental to the purchase price and are non-refundable except as otherwise provided for in the PSA. There can be no assurances that the buyer will exercise the option to purchase the property.

Financial Highlights:

For the three and six months ended June 30, 2026:

• As of June 30, 2026, the Company had cash on hand of $62.9 million, including $14.4 million of restricted cash. As of August 14, 2026, the Company has cash on hand of $48.6 million, including $32.7 million of restricted cash, and $10.0 million of availability under its revolving loan facility discussed below.

• During the three and six months ended June 30, 2026, the Company invested $0.8 million and $0.9 million, respectively, in its consolidated properties and $0.1 million and $2.5 million, respectively, in its unconsolidated properties.

• During the three and six months ended June 30, 2026, the Company received distributions of $1.4 million and $8.8 million, respectively, from its unconsolidated properties.

• The Company did not recognize any impairment charges on its consolidated properties for the three months ended June 30, 2026. The Company recognized an impairment charge of $15.2 million on one of its consolidated properties during the six months ended June 30, 2026.

• During the three months ended June 30, 2026, the Company did not record any other-than-temporary impairment losses on its unconsolidated entities. The Company recorded an other-than-temporary impairment loss of $5.2 million on one of its unconsolidated entities during the six months ended June 30, 2026.

• Net loss attributable to common shareholders of ($7.4) million, or ($0.13) per share and ($38.9) million, or ($0.69) per share, for the three and six months ended June 30, 2026, respectively.

• Subsequent to June 30, 2026, the Company entered into a new $15.0 million term loan facility and a $25.0 million revolving loan facility. At closing, the Company drew $15.0 million under the revolving loan facility, leaving $10.0 million available for future borrowings. The Company used a combination of the proceeds from the closing of the new loans together with cash on hand to fully repay the $50.0 million outstanding balance on the Term Loan Facility.

1

Portfolio

The table below represents a summary of the Company’s properties as of June 30, 2026 (in thousands except number of leases and acreage data):

Planned Usage

Total

Built SF / Acreage (1)

Leased SF (1)(2)

% Leased

Avg. Acreage / Site

Consolidated

Multi-Tenant Retail

1

209 sf / 14 acres

175

83.6%

14.1

Residential (3)

1

33 sf / 5 acres

12

36.7%

4.6

Premier

2

8 sf / 38 acres

8

100.0%

18.6

Unconsolidated

Other Joint Ventures

2

93 sf / 28 acres

5

5.1%

14.2

Premier

3

158 sf / 55 acres

106

67.4%

18.2

(1) Square footage and acreage are presented at the Company’s proportional share.

(2) Based on signed le

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

Seritage Growth Properties Reports First Quarter 2026 Operating Results

New York – May 15, 2026 – Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months ended March 31, 2026.

"We continue to advance discussions to refinance our remaining $50 million of corporate debt that matures at the end of July. We are furthering our exploration of the possibility of a strategic transaction while we simultaneously continue our efforts to monetize our remaining assets pursuant to our plan of sale,” said Adam Metz, CEO & President.

Q1 Sale Highlights:

• Received a distribution of $5.7 million from an unconsolidated entity as a result of the sale of a portion of the underlying property.

• Subsequent to March 31, 2026, generated $11.0 million in gross proceeds from the sale of one vacant/non-income producing asset.

Financial Highlights:

For the three months ended March 31, 2026:

• As of March 31, 2026, the Company had cash on hand of $58.8 million, including $14.3 million of restricted cash. As of May 14, 2026, the Company has cash on hand of $63.2 million, including $14.4 million of restricted cash.

• The Company invested $0.1 million in its consolidated properties and invested $2.4 million in its unconsolidated properties.

• The Company received distributions of $7.4 million from its unconsolidated properties.

• The Company recognized impairment charges of $15.2 million on one of its consolidated properties.

• The Company recorded an other-than-temporary impairment loss of $5.2 million on one of its unconsolidated entities.

• Net loss attributable to common shareholders of ($31.3) million, or ($0.56) per share.

Portfolio

The table below represents a summary of the Company’s properties as of March 31, 2026 (in thousands except number of leases and acreage data):

Planned Usage

Total

Built SF / Acreage (1)

Leased SF (1)(2)

% Leased

Avg. Acreage / Site

Consolidated

Multi-Tenant Retail

1

209 sf / 14 acres

175

83.6%

14.1

Residential (3)

2

33 sf / 19 acres

12

36.7%

9.5

Premier

2

8 sf / 38 acres

8

100.0%

18.6

Unconsolidated

Other Joint Ventures

2

93 sf / 28 acres

5

5.1%

14.2

Premier

3

158 sf / 55 acres

106

67.4%

18.2

(1) Square footage and acreage are presented at the Company’s proportional share.

(2) Based on signed leases at March 31, 2026.

(3) Square footage represents built ancillary retail space whereas acreage represents both retail and residential acreage. Retail and residential are counted separately.

1

Financial Summary

The table below provides a summary of the Company’s financial results for the three months ended March 31, 2026:

Three Months Ended

March 31, 2026

March 31, 2025

Net loss attributable to Seritage common shareholders

$

(31,543

)

$

(23,427

)

Net loss per share attributable to Seritage common shareholders

(0.56

)

(0.42

)

As of March 31, 2026, the Company had cash on hand of $58.8 million, including $14.3 million of restricted cash. Subsequent to the three months ended March 31, 2026, the Company sold one of its consolidated properties for aggregate gross proceeds of $11.0 million. The Company does not currently have any assets under contract with closings that are deemed probable. Our existing cash on hand will not allow the Company to fund its operating and other expenses, including general and administrative expenses and debt service (collectively, “Obligations”) because the term loan facility, which matures on July 31, 2026, is presently a current Obligation. This uncertainty raises substantial doubt about the Company’s ability to continue as a going concern. For more information on our liquidity position, including our going concern analysis, please see the notes to the consolidated financial statements included in Part I, Item 1 and in the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” each in our Quarterly Report on Form 10-Q.

Litigation Matters

On July 1, 2024, a purported shareholder of the Company filed a class action lawsuit in the U.S. District Court for the Southern District of New York, captioned Zhengxu He, Trustee of the He & Fang 2005 Revocable Living Trust v. Seritage Growth Properties, Case No. 1:24:CV:05007, alleging that the Company, the Company’s Chief Executive Officer, and the Company’s Chief Financial Officer violated the federal securities laws (the “Securities Action”). The complaint seeks to bring a class action on behalf of all persons and entities that purchased or otherwise acquired Company securities between July 7, 2022 and May 10, 2024. The complaint alleges that the defendants violated federal securities laws by issuing false, misleading, and/or omissive disclosures concerning the Company’s alleged lack of effective internal controls reg

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

Seritage Growth Properties Reports Fourth Quarter and Full Year 2025 Operating Results

New York – March 31, 2026 – Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months and year ended December 31, 2025.

"In 2025, we continued to execute our plan of sale. We generated total gross proceeds of $230.7 million and repaid $190.0 million of debt, leaving a balance of $50.0 million on our term loan facility. As we look ahead in 2026, the team is focused on continuing to execute on the monetization of our remaining assets, many of which are currently in the market. In addition, we are pursuing several different financing alternatives to address our upcoming term loan facility maturity and we are also continuing to explore the possibility of a strategic transaction now that we have a simplified portfolio,” said Adam Metz, CEO & President.

Q4 Sale Highlights:

• Generated $10.5 million of gross proceeds from the sale of one vacant/non-income producing asset eliminating $0.1 million of carrying costs.

• Generated $28.5 million of gross proceeds from the sale of one income producing asset reflecting a 7.4% capitalization rate.

• Generated $131.0 million of gross proceeds from the sale of one non-stabilized premier income producing property.

• Subsequent to December 31, 2025, the Company received a distribution of $5.7 million from an unconsolidated entity as a result of the sale of a portion of the underlying property.

• As of March 31, 2026, the Company has one asset under contract to sell for anticipated gross proceeds of $11.0 million before applicable credits and costs, subject to customary due diligence and customary closing conditions.

Financial Highlights:

For the three and twelve months ended December 31, 2025:

• As of December 31, 2025, the Company had cash on hand of $62.3 million, including $14.2 million of restricted cash. As of March 31, 2026, the Company has cash on hand of $59.1 million, including $14.3 million of restricted cash.

• During the three and twelve months ended December 31, 2025, the Company invested $4.5 million and $26.3 million, respectively, in its consolidated properties primarily related to tenant leasing costs and invested $0.1 million and $0.5 million, respectively, in its unconsolidated properties.

• During the three and twelve months ended December 31, 2025, the Company received distributions of $1.7 million and $11.3 million, respectively, from its unconsolidated properties.

• During the three months ended December 31, 2025, the Company made $150.0 million in principal repayments on the Company's term loan facility. For the year, the Company made $190.0 million in principal repayments on its term loan facility, reducing the outstanding principal balance to $50.0 million at December 31, 2025.

• The Company recognized impairment charges of $18.8 million on its consolidated properties for the twelve months ended December 31, 2025.

• During the three months ended December 31, 2025, the Company recorded its proportional share of an impairment charge, adjusted to reflect the impact of basis differences, of $7.1 million from one of its unconsolidated entities. During the twelve months ended December 31, 2025, the Company recorded an other-than-temporary impairment of $8.5 million on one of its unconsolidated entities.

• Net loss attributable to common shareholders of ($6.3) million, or ($0.11) per share and ($73.1) million, or ($1.30) per share for the three and twelve months ended December 31, 2025, respectively.

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Portfolio

The table below represents a summary of the Company’s properties as of December 31, 2025 (in thousands except number of leases and acreage data):

Total

Built SF / Acreage (1)

Leased SF (2) (3)

% Leased

Avg. Acreage / Site

Consolidated

Multi-Tenant Retail

1

209 sf / 14 acres

175

83.6

%

14.1

Residential (3)

2

33 sf / 19 acres

12

36.7

%

9.5

Premier

2

8 sf / 38 acres

8

100.0

%

18.6

Unconsolidated

Other Entities

2

93 sf / 28 acres

5

5.1

%

14.2

Premier

3

158 sf / 57 acres

105

98.9

%

19.0

(1) Square footage and acreage are presented at the Company’s proportional share.

(2) Based on signed leases at December 31, 2025.

(3) Square footage represents built ancillary retail space whereas acreage represents both retail and residential acreage. Retail and residential are counted separately.

Financial Summary

The table below provides a summary of the Company’s financial results for the three months and year ended December 31, 2025:

(in thousands except per share amounts)

Three Months Ended

Year Ended

December 31, 2025

December 31, 2024

December 31, 2025

December 31, 2024

Net loss attributable to Seritage common shareholders

$

(6,310

)

$

(12,576

)

$

(73,115

)

$

(158,436

)

Net loss per share