What are the key factors behind SRG's EPS performance in 2024?

Seritage Growth Properties (SRG) experienced a negative EPS of $2.82 in 2024, which can be attributed to several key factors:

1. **Asset Sales and Strategic Initiatives**: SRG has been actively preparing its assets for sale, with significant progress in signing critical leases, securing zoning, and achieving partnership approvals. These efforts have generated gross proceeds from asset sales, which could indicate a potential improvement in financial performance over time.
2. **Financial Position**: The company's financial position has been under pressure, with a negative net margin of 618.09% and a negative return on equity of 10.60%. This indicates that SRG has been operating at a loss, which could be a contributing factor to the negative EPS.
3. **Debt and Cash Flow**: SRG has been managing its debt levels, with a debt-to-equity ratio of 0.67. The company has also been actively generating cash from asset sales and monetizing unconsolidated entity interests, which could help improve its financial position and potentially its EPS in the future.

In conclusion, SRG's negative EPS in 2024 is primarily due to its financial losses stemming from operational challenges and strategic initiatives. However, the company's efforts to sell assets and improve its financial position could potentially lead to an improvement in EPS in the future.