Seritage Growth Properties (SRG) Reports Q2 Loss of $0.23

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Go back to Seritage Growth Properties (SRG) Reports Q2 Loss of $0.23

Seritage Growth Properties Reports Second Quarter 2018 Operating Results

August 2, 2018 4:15 PM EDT

NEW YORK--(BUSINESS WIRE)-- Seritage Growth Properties (NYSE: SRG) (the Company), a national owner of 248 retail properties totaling approximately 39 million square feet of gross leasable area (GLA), today reported financial and operating results for the three and six months ended June 30, 2018.

Summary of Financial Results

For the three months ended June 30, 2018:

Net loss attributable to common shareholders of $8.0 million, or $0.23 per diluted share Total Net Operating Income (Total NOI) of $36.5 million Funds from Operations (FFO) of $6.5 million, or $0.12 per diluted share... More