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Seritage Growth Properties

For the period ended Mar 31, 2026. Filed May 15, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 15, 2026

SRG$1.71+1.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31,2026

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______to _______

Commission File Number 001-37420

(Exact name of registrant as specified in its charter)

Maryland38-3976287
(State of Incorporation)(I.R.S. Employer Identification No.)
500 Fifth Avenue, Suite 1530, New York, New York10110
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (212)355-7800

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolsName of each exchange on which registered
Class A common shares of beneficial interest, par value $0.01 per shareSRGNew York Stock Exchange
7.00% Series A cumulative redeemable preferred shares of beneficial interest, par value $0.01 per shareSRG-PANew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

As of May 13, 2026, the registrant had the following common shares outstanding:

ClassShares Outstanding
Class A common shares of beneficial interest, par value $0.01 per share56,324,607
Class B common shares of beneficial interest, par value $0.01 per share0
Class C common shares of beneficial interest, par value $0.01 per share0

QUARTERLY REPORT ON FORM 10-Q

QUARTER ENDED MARCH 31, 2026

TABLE OF CONTENTS

PART I. · FINANCIAL INFORMATION
Page
Item 1.Condensed Consolidated Financial Statements (unaudited)3
Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20253
Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and 20254
Condensed Consolidated Statements of Equity for the three months ended March 31, 2026 and 20255
Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 20256
Notes to Condensed Consolidated Financial Statements8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations27
Item 3.Quantitative and Qualitative Disclosures About Market Risk33
Item 4.Controls and Procedures33
PART II.OTHER INFORMATION
Item 1.Legal Proceedings35
Item 1A.Risk Factors35
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds35
Item 3.Defaults upon Senior Securities35
Item 4.Mine Safety Disclosures35
Item 5.Other Information36
Item 6.Exhibits37
SIGNATURES38
ContentsView on SEC.gov

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