Seritage Growth Properties (NYSE: SRG), a national owner and developer of retail, residential, and mixed-use properties, has reported its financial and operating results for the second quarter ending June 30, 2025. The company reported a net loss attributable to common shareholders of $29.731 million for the quarter, a significant improvement compared to a net loss of $102.452 million in the same period of 2024. The company also reported a net operating income (NOI) on a cash basis at share of $2.582 million, compared to a negative $137,000 in the second quarter of the previous year. This improvement reflects the impact of $0.2 million NOI-cash basis at share relating to properties sold during the quarter. As of June 30, 2025, Seritage had $80.1 million in cash on hand, including $8.3 million in restricted cash. The company plans to utilize these funds, along with proceeds from future sales, to repay remaining debt and eventually distribute funds to shareholders. Additionally, Seritage has made progress in its asset sale processes, with three purchase and sales agreements signed and another five under negotiation. The company exercised an option to extend the maturity date of its Term Loan Facility, which is expected to facilitate sales at favorable pricing and timing to maximize shareholder value.