Seritage Growth Properties stock falls after weak second quarter figures

Published on 09/19/2026 at 18:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seritage Growth Properties stock closed at USD 1.88 on September 18, 2026 on the NYSE, down 3.59% on the day. The move follows second quarter 2026 results that showed continued losses and pressured cash flow.

SRG, US81752R1005, Illustration mit AI erstellt.

Seritage Growth Properties stock (ISIN US81752R1005) ended trading on the New York Stock Exchange at USD 1.88 on September 18, 2026, a decline of 3.59% from the prior close and leaving the real estate trust deep below its highs of recent years. Per data from MarketScreener, the common stock traded roughly 751,722 shares on that day, underscoring ongoing volatility around the name.

Second quarter 2026 results underline ongoing losses

According to MarketScreener Italia, Seritage Growth Properties reported its earnings for the second quarter and the six months ended June 30, 2026 on August 14, 2026, confirming that the period remains loss-making at both operating and net levels.

In the most recent financial overview for the quarter ended June 30, 2026, total revenue was reported at approximately USD 18.2 million, compared with USD 17.62 million in the same quarter a year earlier, implying year-over-year growth of about 3.3% despite a still challenging operating environment, as shown in the cash flow and revenue tables on MarketScreener Italia.

The same overview indicates that normalized net income remained deeply negative, reflecting the drag from asset sales, interest costs and restructuring, with losses running in the tens of millions of dollars for recent periods, a pattern visible in the multi-year net income series on MarketScreener Italia.

Portfolio sales and capital structure remain central themes

The quarter also fits into Seritage Growth Properties' continued effort to monetize and reposition its property portfolio. As highlighted in the news flow compiled by MarketScreener Italia, the company agreed on June 2, 2026 to sell a property in Dallas to Arena Development Intermediate for USD 50.8 million, illustrating the ongoing strategy of asset disposals to strengthen liquidity and reduce leverage.

For equity investors, this combination of modest revenue growth, persistent operating losses and dependence on property sales creates a complex picture: the proceeds from transactions like the USD 50.8 million Dallas deal provide near-term cash, but the underlying normalized net income and EBITDA figures for the quarter ended June 30, 2026 remain clearly negative, underlining that the core portfolio has not yet returned to sustainable profitability, per the historical EBITDA trajectory presented by MarketScreener Italia.

Stock trades near recent lows

The stock's weak fundamentals are mirrored in its market performance. On the German Tradegate platform, which provides an additional quotation for European investors, Seritage Growth Properties' 1D3 line closed at EUR 1.65 on September 18, 2026, down 2.94% on the day and 41.49% year-to-date, as documented in the price and performance table on MarketScreener Italia.

Converted back to the primary listing, the NYSE quotation of USD 1.88 on September 18, 2026 positions Seritage Growth Properties stock close to recent lows of the past trading week, during which the Euro quote moved from EUR 1.70 on September 14, 2026 to EUR 1.65 by September 18, 2026, indicating a cumulative decline of about 2.9% over that five-day span, as the daily 'Ultimo' series in the same MarketScreener overview shows.