Press Release

Seritage Growth Properties Announces Third Quarter 2017 Dividend

Company Release - 7/26/2017 4:05 PM ET

NEW YORK--(BUSINESS WIRE)-- Seritage Growth Properties (NYSE:SRG) announced today that its Board of Trustees declared a cash dividend of $0.25 per Class A and Class C common share for the third quarter of 2017. The dividend will be paid on October 12, 2017 to Class A and Class C shareholders of record on September 29, 2017.

About Seritage Growth Properties

Seritage Growth Properties is a publicly-traded, self-administered and self-managed retail REIT. As of June 30, 2017, the Company owned interests in 235 wholly-owned properties and 31 joint venture properties totaling over 42 million square feet across 49 states and Puerto Rico. Pursuant to a master lease, 180 of the Company’s wholly-owned properties are leased to Sears Holdings and are operated under either the Sears or Kmart brand. The master lease provides the Company with the right to recapture certain space from Sears Holdings at each property for retenanting or redevelopment purposes. At numerous properties, third party tenants under direct leases occupy a portion of leasable space alongside Sears and Kmart, and 37 properties are leased only to third parties. As of June 30, 2017, the Company also owned 50% interests in 31 properties through joint venture investments with GGP, Simon Property Group and The Macerich Company. A substantial majority of the space at the Company’s JV properties is also leased to Sears Holdings under master lease agreements that provide for similar recapture rights as the master lease governing the Company’s wholly-owned properties.

Seritage Growth Properties
646-277-1268
IR@Seritage.com

Source: Seritage Growth Properties

NEWS:

Seritage Growth Properties Marks Three Year Anniversary of NYSE Listing

– Provides Update on Leasing, Development and Transaction Activity –<br /><br />NEW YORK--(BUSINESS WIRE)-- Seritage Growth Properties (NYSE:SRG) (“Seritage” or the “Company”) today commem... Read more

Seritage Growth Properties Announces Appointment of Sharon Osberg to Board of Trustees

NEW YORK--(BUSINESS WIRE)-- Seritage Growth Properties (NYSE: SRG) announced today that Sharon Osberg has been appointed to the Company’s Board of Trustees as an independent trustee.... Read more

IR CONTACTS
Seritage Growth Properties
500 Fifth Avenue
Suite 1530
New York, NY 10110
Investor Relations Contact
Transfer Agent
Computershare Trust Company, N.A
(201) 324-0014