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Seritage Growth Properties (SRG-PA) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Seritage Growth Properties (SRG-PA) Q2 2026 earnings results →
Q2 2026 Revenue down 60% year over year to $1.9M · 327¢ of every $1 of revenue lost · operating margin -253.8%
Seritage Growth Properties made $1.9M in Q2 2026 (-60% Y/Y). Operating margin -253.8%, net loss $6.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.9M in Q2 2026, down 60% year over year and down 9% from the previous quarter.
Operating costs exceeded revenue by $4.8M, an operating margin of -253.8%. Total costs fell 45% while revenue fell 60%. The quarter ended with a net loss of $6.1M, narrower than the previous quarter's $30.3M loss.
Operating cash flow was −$1.6M. Non-cash charges added back $390K of depreciation and amortization. Working capital and other items added $4.2M. Capital expenditures of $752K exceeded it, leaving free cash flow of −$2.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $1.9M | -60% | -253.8% | −$6.1M | −$1.6M |
| Q1 2026 | 10-Q | May 15, 2026 | $2.0M | -55% | -265.2% | −$30.3M | −$5.7M |
| Q4 2025 | 10-K | Mar 31, 2026 | $4.2M | -5% | -141.1% | −$5.1M | −$1.2M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $4.8M | +47% | -126.8% | −$12.4M | −$12.5M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $4.7M | +10% | -160.9% | −$28.5M | −$12.0M |
| Q1 2025 | 10-Q | May 15, 2025 | $4.6M | -20% | -370.3% | −$22.2M | −$9.2M |
| Q4 2024 | 10-K | Mar 31, 2025 | $4.4M | -52% | -210.7% | −$11.4M | −$13.9M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Seritage Growth Properties
Prior to the adoption of the Company’s Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. As of June 30, 2026, the Company’s portfolio consisted of interests in nine properties comprised of approximately 0.8 million square feet of gross leasable area (“GLA”) or build-to-suit leased area and 139 acres of land. The portfolio encompasses four consolidated properties consisting of approximately 0.3 million square feet of GLA and 56 acres (such properties, the “Consolidated Properties”) and five unconsolidated entities consisting of approximately 0.5 million square feet of GLA and 83 acres (such properties, the “Unconsolidated Properties”).
In its own words, from its 8-K, filed Aug 14, 2026.
Seritage Growth Properties against its Real Estate peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -60% against the peers' median +8%. Operating margin: -253.8% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SRG-PA Seritage Growth Properties | Q2 2026 | $1.9M | -60% | -253.8% |
| CBRE CBRE Group | Q3 2026 | $11.5B | +13% | 4.9% |
| CWK Cushman & Wakefield | Q3 2026 | $2.8B | +8% | 4.6% |
| Prologis, L.P. | Q3 2026 | $2.4B | +8% | 43.8% |
| Digital Realty Trust, L.P. | Q3 2026 | $1.9B | +21% | 15.9% |
| FOR Forestar Group | Q4 FY26 | $581M | -13% | 13.5% |
| Regency Centers LP | Q3 2026 | $419M | +8% | 72.3% |
| Tiaa Real Estate Account | Q3 2026 | $303M | -0.8% | 298.8% |
| MRP Millrose Properties | Q3 2026 | $211M | +18% | 85.5% |
Source: Seritage Growth Properties 10-Q on SEC EDGAR · CIK 1628063 · Real Estate
More on SRG-PA
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results