Seritage Growth Properties Files 8-K/A Amendment

TL;DR

SRG filed an 8-K/A amendment, updating financial and operational info. No major news yet.

AI Summary

Seritage Growth Properties filed an 8-K/A amendment on May 24, 2024, related to an event on May 10, 2024. The filing concerns the company's results of operations and financial condition. No specific dollar amounts or new material events were detailed in the provided excerpt.

Why It Matters

This amendment to a previous filing indicates Seritage Growth Properties is providing updated or corrected information regarding its financial performance and operational results.

Risk Assessment

Risk Level: low — The filing is an amendment to a previous report, suggesting a procedural update rather than a new, significant event.

Key Players & Entities

• Seritage Growth Properties (company) — Registrant
• May 10, 2024 (date) — Earliest event date
• May 24, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — hares of beneficial interest, par value $0.01 per share SRG New York Stock Exchan
• $24.0 million — initive purchase and sale agreement for $24.0 million for one Multi-Tenant Asset. As such, as

Filing Documents

• srg-20240510.htm (8-K/A) — 43KB
• 0000950170-24-064302.txt ( ) — 186KB
• srg-20240510.xsd (EX-101.SCH) — 45KB
• srg-20240510_htm.xml (XML) — 6KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On May 10, 2024, the Company issued a press release regarding its financial results for the three months ended March 31, 2024 (the "May 10 th Press Release"). A copy of the May 10 th Press Release was furnished as Exhibit 99.1 to a Form 8-K also dated May 10, 2024. In the May 10 th Press Release, the Company indicated, in the table entitled "Portfolio" that the Company owned five Multi-Tenant Assets as of March 31, 2024. As noted in the second bullet of the section of the May 10 th Press Release titled "Sale Highlights", one of those assets was sold subsequent to quarter end. Therefore, as of May 10, 2024, the Company owned four Multi-Tenant Assets. Additionally, the Company indicated in the fourth bullet of the "Sale Highlights" section, that the Company had accepted an offer and was negotiating a definitive purchase and sale agreement for $24.0 million for one Multi-Tenant Asset. As such, as of May 10, 2024 there were three Multi-Tenant Assets that did not have accepted offers. The May 10 th Press Release indicated in the section titled "Future Sales Projections" that one of those three remaining Multi-Tenant Assets was in a Gateway Market. Therefore, the May 10 th Press Release should have indicated in the "Future Sales Projection" section that there were two Multi-Tenant Assets in Primary Markets, not three, as the third asset was the asset included in the "Sale Highlights" section as having an accepted offer and in negotiation of a definitive purchase and sale agreement as referenced above. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K/A, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securi

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View this 8-K/A filing on SEC EDGAR