Seritage Growth Properties (SRG) Reports Q1 Loss of $0.59

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Go back to Seritage Growth Properties (SRG) Reports Q1 Loss of $0.59

Seritage Growth Properties Reports First Quarter 2020 Operating Results

May 7, 2020 4:36 PM EDT

Provides business update regarding impact of COVID-19 pandemic

NEW YORK--(BUSINESS WIRE)-- Seritage Growth Properties (NYSE: SRG) (the Company), a national owner of 208 retail and mixed-use properties totaling approximately 32.8 million square feet of gross leasable area (GLA), today reported financial and operating results for the quarter ended March 31, 2020.

Summary Financial Results

For the quarter ended March 31, 2020:

Net loss attributable to common shareholders of $21.9 million, or $0.59 per share Total Net Operating Income (Total NOI) of $15.8 million Funds from Operations (FFO) of ($17.6)... More