Seritage Growth Properties swings to Q3 net income of $3.96 million
SRG•Seritage Growth Properties reported third-quarter 2026 net income of $3.96 million, while net income attributable to common shareholders was $2.74 million. Revenue fell 66% year over year to $1.64 million.
1. Quarterly results
Seritage Growth Properties swung to third-quarter 2026 net income attributable to common shareholders of $2.74 million from a year-earlier loss, while revenue fell 66% year over year to $1.64 million. Cash totaled $45.4 million at September 30, including $32.7 million of restricted cash.
2. Asset plans
CEO Adam Metz said no new transactions were under contract, while individual asset sales and potential strategic options remained under consideration.
