Exhibit 99.1 Seritage Growth Properties Reports First Quarter 2025 Operating Results New York – May 15, 2025 – Seritage Growth Properties (NYSE: SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months ended March 31, 2025. "The Company's strategy following the completion of a smooth CEO transition remains the same. We will continue to pursue our Plan of Sale with the priority of repaying our rema ...

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, 2025 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 SERITAGE GROWTH PROPERTIES (Exact name of registrant as specified in its charter) Maryland 38-3976287 (State of Incorp ...

Exhibit 99.1 Seritage Growth Properties Reports Fourth Quarter and Full Year 2024 Operating Results New York – March 31, 2025 – Seritage Growth Properties (NYSE: SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the year ended December 31, 2024. "This quarter we have made strides to ready more assets for sale: signing critical leases, achieving partnership approvals, securing zoning and other important mile ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission file number 001-37420 SERITAGE GROWTH PROPERTIES (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 500 Fifth Avenue, Suite 1530, New York, New York 10110 (Address of principal executi ...

Financial Performance - The company reported a net loss attributable to common shareholders of $23.2 million, or $0.41 per share for the three months ended September 30, 2024[4]. - Total revenue for Q3 2024 was $3,251,000, a decrease from $5,048,000 in Q3 2023, representing a decline of 35.5%[23]. - Rental income for Q3 2024 was $2,899,000, down from $4,525,000 in Q3 2023, a decrease of 36.0%[23]. - Total expenses increased to $22,516,000 in Q3 2024 from $16,711,000 in Q3 2023, an increase of 34.5%[23]. - Net loss attributable to Seritage common shareholders for Q3 2024 was $23,198,000, compared to a loss of $2,127,000 in Q3 2023[23]. - Net loss per share attributable to Seritage Class A common shareholders was $(0.41) for Q3 2024, compared to $(0.04) in Q3 2023[23]. - NOI-cash basis for Q3 2024 was $(2,256,000), a decline from $306,000 in Q3 2023[24]. - The company reported a gain on the sale of real estate of $4,184,000 in Q3 2024, down from $18,506,000 in Q3 2023[23]. - Abandoned project costs for Q3 2024 were $5,732,000, with no such costs reported in Q3 2023[23]. Assets and Liabilities - As of September 30, 2024, the company had cash on hand of $98.2 million, including $12.6 million of restricted cash[4]. - The Company's total assets decreased from $973.864 million on December 31, 2023, to $735.022 million as of September 30, 2024, reflecting a decline of approximately 24.5%[22]. - The net investment in real estate dropped from $546.342 million to $355.021 million, a decrease of about 35%[22]. - The term loan facility was reduced from $360 million to $280 million, indicating a decrease of approximately 22.2%[22]. - Total liabilities decreased from $410.700 million to $316.228 million, a reduction of about 22.9%[22]. - The accumulated deficit increased from $800.342 million to $946.202 million, reflecting a worsening financial position[22]. Leasing and Property Management - The company has five assets under contract for anticipated gross proceeds of $87.9 million, with two assets expected to generate $33.7 million and three assets $54.2 million[3]. - The company signed two leases covering 5.5 thousand square feet at a projected average annual net rent of $65.57 PSF during the third quarter[5]. - The company has 348 thousand square feet of in-place leased square feet in its Premier Mixed-Use properties, with a 74.7% occupancy rate[10]. - The company has 216 thousand square feet of office and retail leasing in progress at its Aventura project, with 78.7% leased as of September 30, 2024[12]. - The company is currently negotiating a definitive purchase and sale agreement for one income-producing asset expected to generate gross proceeds of $29.9 million[3]. - The company generated $24.0 million in gross proceeds from the sale of an income-producing asset at an 8.5% capitalization rate[3]. Strategic Initiatives and Market Conditions - The Company approved a Plan of Sale at the 2022 Annual Meeting of Shareholders, with ongoing strategic review and potential sale options being considered[17]. - The Company continues to face challenging market conditions impacting asset pricing and sale proceeds, which may affect shareholder distributions[17]. - The company is exploring multiple options for refinancing its pending term loan maturity in July 2025, including discussions with current lenders and potential recapitalization options[2]. - The company expects to use its cash reserves and future sales to meet financing obligations and fund operations[13]. Forward-Looking Statements and Risks - Forward-looking statements indicate potential risks including declines in retail and real estate markets, which may significantly affect future results[20]. - The Company utilizes non-GAAP financial measures such as NOI-cash basis to provide insights into its financial performance, although these measures are not directly comparable to GAAP[19].

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 SEPTEMBER 30, 2024 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 SERITAGE GROWTH PROPERTIES (Exact name of registrant as specified in its charter) Maryland 38-3976287 (State of In ...

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Seritage Growth Properties due to allegations of fiduciary duty breaches by the board of directors following a class action complaint filed on July 1, 2024, covering a class period from July 7, 2022, to May 10, 2024 [1] Financial Reporting Issues - On August 14, 2023, Seritage disclosed a "material weakness" in its internal control over financial reporting, specifically regarding the identification of impairment indicators for real estate investments, leading to a stock price drop of $0.86, or 9.67%, closing at $8.03 on August 15, 2023 [2] - On May 10, 2024, Seritage announced a reduction in the gross value of its asset portfolio by at least $325 million, resulting in a stock price decline of $2.54, or 27.3%, closing at $6.78 on May 13, 2024 [3] Class Action Allegations - The class action complaint alleges that Seritage's management made materially false and misleading statements and failed to disclose significant adverse facts about the company's operations, including ineffective internal controls and overstated asset values [4]

Core Insights - Seritage Growth Properties (SRG) has decided to sell all its assets and shut down its business, which was initiated in 2022 [1] - The company has made significant progress in this asset liquidation process, indicating potential rewards for shareholders if the process continues to go well [1] - The value of the remaining assets suggests substantial upside potential for patient investors considering buying or holding Seritage stock [1]

NEW YORK, Aug. 29, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Seritage Growth Properties (NYSE: SRG). Shareholders who purchased shares of SRG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/seritage-loss-submission-form/?id=98709&from=4 CLASS PERIOD: July 7, 2022 to Ma ...

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Seritage Growth Properties ("Seritage" or "the Company") (NYSE: SRG) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Serit ...