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Seritage Growth Properties Reports Third Quarter 2017 Operating Results

November 2, 2017 4:28 PM EDT

NEW YORK--(BUSINESS WIRE)-- Seritage Growth Properties (NYSE: SRG) (the Company), a national owner of 258 retail properties totaling over 40 million square feet of gross leasable area (GLA), today reported financial and operating results for the three and nine months ended September 30, 2017.

Financial Results

For the three months ended September 30, 2017:

Net income attributable to common shareholders of $10.5 million, or $0.31 per diluted share Total Net Operating Income (Total NOI) of $43.6 million Funds from Operations (FFO) of $25.8 million, or $0.46 per diluted share... More