Source SR1. Seritage FY2015 financial supplement: period ended December 31, 2015; PDF was created March 10, 2016. The supplement prints its tables rounded to the nearest 1,000; figures below are restated as full US dollars and full square feet. PDF pages 2, 4, 8, 11. This packet freezes analysis at first availability of the year-end report, NOT at December 31, 2015; the reporting date and publication date differ.

Page 2: completed a $2.7 billion acquisition July 7, 2015. Company interests include wholly-owned and joint venture properties; master lease covers 223 wholly-owned properties and similar but distinct JV leases govern many JV properties.
Page 4 summary: 266 properties including JV interests. Gross leasable area total 42,468,000 square feet; at-share 39,743,000 square feet. Total leased 99.5%; at-share leased 99.4%.
Annual base rent AT SHARE, US dollars, as of December 31, 2015:
Sears Holdings $154,255,000
In-place third-party leases $35,747,000
Signed but not yet open third-party leases $12,936,000
Total signed annual base rent $202,938,000
These are annualized signed base-rent measures, NOT a statement that each dollar was collected in calendar 2015.
Page 8: Total NOI July 7 to December 31, 2015 after specified noncash adjustments $89,493,000; partial year, includes unconsolidated joint ventures. Before noncash adjustments $99,343,000. Do not equate either with a trailing full calendar year or total annual signed rent.
Page 11: mortgage notes payable $1,161,000,000; interest LIBOR plus 465 basis points; maturity July 2019. No fixed LIBOR fixing or future spread scenario provided here.