Share Based Compensation	6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]
Share Based Compensation	Note 13 – Share-Based Compensation On July 7, 2015, the Company adopted the Seritage Growth Properties 2015 Share Plan (the “Plan”). The number of shares of common stock reserved for issuance under the Plan is 3,250,000. The Plan provides for grants of restricted shares, share units, other share-based awards, options, and share appreciation rights, each as defined in the Plan (collectively, the “Awards”). Directors, officers, other employees, and consultants of the Company and its subsidiaries and affiliates are eligible for Awards. Restricted Shares and Share Units Pursuant to the Plan, the Company periodically made grants of restricted shares or share units. The vesting terms of these grants were specific to the individual grant and varied in that a portion of the restricted shares and share units vested in equal annual amounts over the subsequent three years (time-based vesting) and a portion of the restricted shares and share units vested on the third, and in some instances, the fourth anniversary of the grants subject to the achievement of certain performance criteria (performance-based and market-based vesting). In general, participating employees were required to remain employed for vesting to occur (subject to certain limited exceptions). Restricted shares and share units that did not vest were forfeited. Dividends on restricted shares and share units with time-based vesting were paid to holders of such shares and share units and were not returnable, even if the underlying shares or share units did not ultimately vest. Dividends on restricted shares and share units with performance-based vesting were accrued when declared and paid to holders of such shares on the third, and in some instances, the fourth anniversary of the initial grant subject to the vesting of the underlying shares. As of March 31, 2025, all restricted shares were fully vested. The Company recognized $0.2 million in share-based compensation expense related to the restricted shares for the six months ended June 30, 2025. There was no share-based compensation expense related to the restricted shares for the three and six months ended June 30, 2026, or for the three months ended June 30, 2025, respectively. Compensation expenses related to the restricted shares are included in general and administrative expenses on the Company’s condensed consolidated statements of operations.

Share Based Compensation

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Note 13 – Share-Based Compensation

On July 7, 2015, the Company adopted the Seritage Growth Properties 2015 Share Plan (the “Plan”). The number of shares of common stock reserved for issuance under the Plan is 3,250,000. The Plan provides for grants of restricted shares, share units, other share-based awards, options, and share appreciation rights, each as defined in the Plan (collectively, the “Awards”). Directors, officers, other employees, and consultants of the Company and its subsidiaries and affiliates are eligible for Awards.

Restricted Shares and Share Units

Pursuant to the Plan, the Company periodically made grants of restricted shares or share units. The vesting terms of these grants were specific to the individual grant and varied in that a portion of the restricted shares and share units vested in equal annual amounts over the subsequent three years (time-based vesting) and a portion of the restricted shares and share units vested on the third, and in some instances, the fourth anniversary of the grants subject to the achievement of certain performance criteria (performance-based and market-based vesting).

In general, participating employees were required to remain employed for vesting to occur (subject to certain limited exceptions). Restricted shares and share units that did not vest were forfeited. Dividends on restricted shares and share units with time-based vesting were paid to holders of such shares and share units and were not returnable, even if the underlying shares or share units did not ultimately vest. Dividends on restricted shares and share units with performance-based vesting were accrued when declared and paid to holders of such shares on the third, and in some instances, the fourth anniversary of the initial grant subject to the vesting of the underlying shares.

As of March 31, 2025, all restricted shares were fully vested. The Company recognized $0.2 million in share-based compensation expense related to the restricted shares for the six months ended June 30, 2025. There was no share-based compensation expense related to the restricted shares for the three and six months ended June 30, 2026, or for the three months ended June 30, 2025, respectively. Compensation expenses related to the restricted shares are included in general and administrative expenses on the Company’s condensed consolidated statements of operations.