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Seritage Growth Properties 10-K: Rental Income $17.6M, Net Cash Used in Ops $(34.9)M
Seritage Growth Properties reported rental income of $17.597 million and a net gain on sale of real estate of $20.342 million for the year, reflecting ongoing asset monetization. Despite these gains, the company experienced constrained operating cash flows, with net cash used in operating activities at $(34.903) million. Management continues to rebalance the portfolio through accelerated sales and strategic reassessment of development plans.