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Seritage Growth Properties Announces Third Quarter 2018 Dividend for Common and Preferred Shares

July 24, 2018

NEW YORK--(BUSINESS WIRE)--Jul 24, 2018--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 2018. The common dividend will be paid on October 11, 2018 to Class A and Class C shareholders of record on September 28, 2018.

The Company also announced today that its Board of Trustees declared a cash dividend of $0.4375 per share of its 7.00% Series A Cumulative Redeemable Preferred Shares. The preferred dividend will be paid on October 15, 2018 to holders of record on September 28, 2018.

About Seritage Growth Properties

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 225 wholly-owned properties and 24 joint venture properties totaling over 39 million square feet of space across 49 states and Puerto Rico. The Company was formed and listed on the New York Stock Exchange (NYSE: SRG) in July 2015 in conjunction with the acquisition of a portfolio of real estate from Sears Holdings. Our mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experiences for consumers and local communities, and that generate long-term value for our shareholders. The Company is headquartered in New York, NY.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180724005907/en/

CONTACT: Seritage Growth Properties

646-277-1268

IR@Seritage.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES REIT BANKING FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: Seritage Growth Properties

Copyright Business Wire 2018.

PUB: 07/24/2018 04:15 PM/DISC: 07/24/2018 04:15 PM

http://www.businesswire.com/news/home/20180724005907/en

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