SRG · Seritage Growth Properties
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That quarterly profit shows the company made money during one period. But its nine-month loss and property write-downs show it still had a loss over the year so far. The possible $50.8 million Dallas sale could bring in cash, but the buyer has not committed to complete it. The company also said it has no new transactions under contract. As of November 12, SRG had $41.4 million in cash, including $32.7 million that was restricted, plus $10.0 million available to borrow. The report gives a mixed picture.