| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -63,130 | -50,708 |
| Equity in loss of unconsolidated entities | -6,528 | -7,172 |
| Loss on sale of interests in unconsolidated entities | -1,417 | -1,417 |
| Distributions from unconsolidated entities | 3,514 | 2,605 |
| Gain on sale of real estate, net | 8,903 | 8,903 |
| Impairment of real estate assets | 18,800 | 18,000 |
| Share-based compensation | 201 | 201 |
| Depreciation and amortization | 5,813 | 4,115 |
| Amortization of deferred financing costs | 668 | - |
| Amortization of above and below market leases, net | 117 | 87 |
| Straight-line rent adjustment | 59 | 225 |
| Non-cash lease expense | 1,022 | 875 |
| Tenant and other receivables | -668 | -470 |
| Prepaid expenses, deferred expenses and other assets | 3,416 | -970 |
| Accounts payable, accrued expenses and other liabilities | 2,900 | 2,240 |
| Net cash used in operating activities | -33,742 | -21,234 |
| Investment in unconsolidated entities | 362 | 362 |
| Distributions from unconsolidated entities | 6,047 | 4,838 |
| Net proceeds from sale of interests in unconsolidated entities | 8,092 | 8,092 |
| Net proceeds from sale of real estate | 51,560 | 51,560 |
| Development of real estate | 21,775 | 18,041 |
| Net cash provided by investing activities | 43,562 | 46,087 |
| Repayment of term loan | 40,000 | 40,000 |
| Payment of deferred financing costs | 4,000 | - |
| Preferred dividends paid | 3,675 | 2,450 |
| Contributions from non-controlling member of consolidated variable interest entities | 18 | 18 |
| Net cash used in financing activities | -47,657 | -42,432 |
| Net decrease in cash and cash equivalents, and restricted cash | -37,837 | -17,579 |
| Cash and cash equivalents at beginning of period | 97,709 | - |
| Cash and cash equivalents at end of period | 59,872 | - |
Seritage Growth Properties (SRG-PA)
Seritage Growth Properties (SRG-PA)