• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Seritage Growth Properties filed SEC Form 8-K: Other Events

    2/27/25 6:01:53 AM ET
    $SRG
    Real Estate
    Finance
    Get the next $SRG alert in real time by email
    8-K
    false000162806300016280632025-02-262025-02-260001628063us-gaap:CommonStockMember2025-02-262025-02-260001628063srg:Seven00SeriesACumulativeRedeemablePreferredSharesOfBeneficialInterestParValue001PerShareMember2025-02-262025-02-26

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): February 26, 2025

     

     

    SERITAGE GROWTH PROPERTIES

    (Exact name of Registrant as Specified in Its Charter)

     

     

    Maryland

    001-37420

    38-3976287

    (State or Other Jurisdiction
    of Incorporation)

    (Commission File Number)

    (IRS Employer
    Identification No.)

     

     

     

     

     

    500 Fifth Avenue, Suite 1530

     

    New York, New York

     

    10110

    (Address of Principal Executive Offices)

     

    (Zip Code)

     

    Registrant’s Telephone Number, Including Area Code: 212 355-7800

     

     

    (Former Name or Former Address, if Changed Since Last Report)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:


    Title of each class

     

    Trading
    Symbol(s)

     


    Name of each exchange on which registered

    Class A common shares of beneficial interest, par value $0.01 per share

     

    SRG

     

    New York Stock Exchange

    7.00% Series A cumulative redeemable preferred shares of beneficial interest, par value $0.01 per share

     

    SRG-PA

     

    New York Stock Exchange

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     


    Item 8.01 Other Events.

    On February 26, 2025, the Board of Trustees of Seritage Growth Properties (the "Company") declared a cash dividend of $0.4375 per share of the Company's 7.00% Series A Cumulative Redeemable Preferred Shares. The preferred dividend will be paid on April 15, 2025 to holders of record on March 31, 2025.


    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

     

     

    SERITAGE GROWTH PROPERTIES

     

     

     

     

    Date:

    February 27, 2025

    By:

    /s/ Matthew Fernand

     

     

     

    Matthew Fernand
    Chief Legal Officer and Corporate Secretary

     


    Get the next $SRG alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $SRG

    DatePrice TargetRatingAnalyst
    7/12/2023$14.00Buy
    Odeon
    More analyst ratings

    $SRG
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Operating Officer Dinenberg Eric covered exercise/tax liability with 4,772 units of Class A Common Shares, decreasing direct ownership by 10% to 44,321 units (SEC Form 4)

      4 - Seritage Growth Properties (0001628063) (Issuer)

      3/18/25 4:26:17 PM ET
      $SRG
      Real Estate
      Finance
    • Chief Legal Officer Fernand Matthew E covered exercise/tax liability with 5,074 units of Class A Common Shares, decreasing direct ownership by 7% to 66,029 units (SEC Form 4)

      4 - Seritage Growth Properties (0001628063) (Issuer)

      3/18/25 4:23:24 PM ET
      $SRG
      Real Estate
      Finance
    • CEO and President Olshan Andrea covered exercise/tax liability with 26,605 units of Class A Common Shares, decreasing direct ownership by 12% to 192,367 units (SEC Form 4)

      4 - Seritage Growth Properties (0001628063) (Issuer)

      3/18/25 4:20:13 PM ET
      $SRG
      Real Estate
      Finance

    $SRG
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Seritage Growth Properties Announces CEO Transition

      Seritage Growth Properties (NYSE:SRG) ("Seritage" or the "Company"), a national owner and developer of retail, residential and mixed-use properties, today announced that the Seritage Board of Trustees and Andrea Olshan have agreed that Ms. Olshan will step down as Chief Executive Officer and President (CEO) and as a member of the Board effective as of April 11, 2025. The Board has appointed Board Chairman Adam Metz, an independent member of the Board since 2022, as Interim CEO and President also effective as of April 11, 2025. The decision to transition the CEO role was based on the fact that the Company has continued to pursue its shareholder approved Plan of Sale and that, since the anno

      3/28/25 6:30:00 AM ET
      $SRG
      Real Estate
      Finance
    • Seritage Growth Properties Makes $15 Million Loan Prepayment

        Seritage Growth Properties (NYSE:SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties, today announced that on November 27, 2024, the Company has made a voluntary prepayment of $15 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska ("Berkshire Hathaway"). With the prepayments, the Company has now repaid a total of $1.36 billion since December 2021 and $240 million of the term loan facility remains outstanding. The current prepayments will reduce Seritage's total annual interest expense related to the term loan facility by approximately $1.05 million. The cumulative repayme

      12/2/24 4:30:00 PM ET
      $SRG
      Real Estate
      Finance
    • Seritage Growth Properties Makes $25 Million Loan Prepayment

      Seritage Growth Properties (NYSE:SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties, today announced that on October 23, 2024, the Company has made a voluntary prepayment of $25 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska ("Berkshire Hathaway"). With the prepayments, the Company has now repaid a total of $1.345 billion since December 2021 and $255 million of the term loan facility remains outstanding. The current prepayments will reduce Seritage's total annual interest expense related to the term loan facility by approximately $1.75 million. The cumulative repayments s

      10/23/24 4:30:00 PM ET
      $SRG
      Real Estate
      Finance

    $SRG
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Yakira Capital Management, Inc. bought $470,000 worth of 7.00 % Series A Cumulative Redeemable Preferred Shares (23,500 units at $20.00) (SEC Form 4)

      4 - Seritage Growth Properties (0001628063) (Issuer)

      5/22/24 4:00:34 PM ET
      $SRG
      Real Estate
      Finance
    • SEC Form 4 filed by Ursa Fund Partners Lp

      4 - Seritage Growth Properties (0001628063) (Issuer)

      4/10/24 12:13:12 PM ET
      $SRG
      Real Estate
      Finance
    • Yakira Capital Management, Inc. bought $130,899 worth of 7.00 % Series A Cumulative Redeemable Preferred Shares (5,490 units at $23.84) (SEC Form 4)

      4 - Seritage Growth Properties (0001628063) (Issuer)

      12/27/23 5:03:04 PM ET
      $SRG
      Real Estate
      Finance

    $SRG
    Leadership Updates

    Live Leadership Updates

    See more
    • Seritage Growth Properties Announces CEO Transition

      Seritage Growth Properties (NYSE:SRG) ("Seritage" or the "Company"), a national owner and developer of retail, residential and mixed-use properties, today announced that the Seritage Board of Trustees and Andrea Olshan have agreed that Ms. Olshan will step down as Chief Executive Officer and President (CEO) and as a member of the Board effective as of April 11, 2025. The Board has appointed Board Chairman Adam Metz, an independent member of the Board since 2022, as Interim CEO and President also effective as of April 11, 2025. The decision to transition the CEO role was based on the fact that the Company has continued to pursue its shareholder approved Plan of Sale and that, since the anno

      3/28/25 6:30:00 AM ET
      $SRG
      Real Estate
      Finance
    • Seritage Growth Properties Files Preliminary Proxy Materials

      Seeks Shareholder Approval of Plan of Sale Unanimously Recommended by the Seritage Board of Trustees Appoints Adam Metz as Chairman of the Seritage Board Seritage Growth Properties (NYSE:SRG) (the "Company"), a national owner and developer of 161 retail, residential and mixed-use properties, today filed its preliminary proxy materials with the U.S. Securities and Exchange Commission ("SEC") in connection with the Company's 2022 Annual Meeting of Shareholders. In connection with its previously announced review of strategic alternatives, the Seritage Board of Trustees unanimously recommends that the Company's shareholders vote at the Annual Meeting to approve a proposed plan of sale of Ser

      7/7/22 5:35:00 PM ET
      $SRG
      Real Estate
      Finance
    • Seritage Growth Properties Appoints Three New Members to Its Board of Trustees

      Ms. Nevo-Hacohen, Mr. Sabshon and Mr. Wilsmann Each Brings Decades of Experience and Relevant Expertise Seritage Growth Properties (NYSE:SRG) (the "Company" or "Seritage"), a national owner and developer of 170 residential, retail and mixed-use properties, today announced the appointment of Talya Nevo-Hacohen, Mitchell Sabshon and Mark Wilsmann to its Board of Trustees, effective immediately. These appointments follow the Seritage Board's previously announced intent to identify additional trustee candidates to further enhance the Board's investment and transaction experience: Ms. Nevo-Hacohen is EVP and Chief Investment Officer and Treasurer of Sabra Health Care REIT, Inc., a leading ow

      4/28/22 4:15:00 PM ET
      $SRG
      Real Estate
      Finance

    $SRG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Seritage Growth Properties

      SC 13G/A - Seritage Growth Properties (0001628063) (Subject)

      11/14/24 11:42:12 AM ET
      $SRG
      Real Estate
      Finance
    • Amendment: SEC Form SC 13G/A filed by Seritage Growth Properties

      SC 13G/A - Seritage Growth Properties (0001628063) (Subject)

      7/10/24 2:33:17 PM ET
      $SRG
      Real Estate
      Finance
    • SEC Form SC 13G/A filed by Seritage Growth Properties (Amendment)

      SC 13G/A - Seritage Growth Properties (0001628063) (Subject)

      5/22/24 4:01:04 PM ET
      $SRG
      Real Estate
      Finance

    $SRG
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Odeon initiated coverage on Seritage Growth Properties with a new price target

      Odeon initiated coverage of Seritage Growth Properties with a rating of Buy and set a new price target of $14.00

      7/12/23 9:05:29 AM ET
      $SRG
      Real Estate
      Finance

    $SRG
    SEC Filings

    See more
    • Seritage Growth Properties filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Seritage Growth Properties (0001628063) (Filer)

      5/15/25 4:44:54 PM ET
      $SRG
      Real Estate
      Finance
    • SEC Form 10-Q filed by Seritage Growth Properties

      10-Q - Seritage Growth Properties (0001628063) (Filer)

      5/15/25 4:36:32 PM ET
      $SRG
      Real Estate
      Finance
    • Seritage Growth Properties filed SEC Form 8-K: Other Events

      8-K - Seritage Growth Properties (0001628063) (Filer)

      5/9/25 4:38:20 PM ET
      $SRG
      Real Estate
      Finance

    $SRG
    Financials

    Live finance-specific insights

    See more
    • Seritage Growth Properties Reports First Quarter 2024 Operating Results

      Seritage Growth Properties (NYSE:SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the three months ended March 31, 2024. "We are continuing to advance our Plan of Sale, having sold $80 million of assets year to date and repaid an equal amount of debt in the process.  Since the announcement of our strategic review and election to be taxed as a C-Corp two years ago, we have sold 151 assets for approximately $1.7 billion of gross proceeds and repaid roughly $1.2 billion in debt.  Based on our broad transaction experience, we are seeing a few themes emerge. Assets previously underwritten for

      5/10/24 4:27:00 PM ET
      $SRG
      Real Estate
      Finance
    • Seritage Growth Properties Reports Fourth Quarter and Full Year 2023 Operating Results

      Seritage Growth Properties (NYSE:SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties today reported financial and operating results for the year ended December 31, 2023. "In 2023, we sold 68 assets for gross proceeds of $842.7 million and paid down $670 million of debt. As of today, the overwhelming majority of our remaining assets have identified counterparties, are in the market or about to be launched. With respect to the remaining properties in our portfolio, these are assets for which we need to overcome important hurdles and/or achieve specific objectives prior to launching these assets for sale. We have a line of sight into a signifi

      4/1/24 6:20:00 PM ET
      $SRG
      Real Estate
      Finance
    • Seritage Growth Properties Makes $30 Million Loan Prepayment

      Seritage Growth Properties (NYSE:SRG) (the "Company"), a national owner and developer of retail, residential and mixed-use properties, today announced that on January 30, 2024, the Company made a voluntary prepayment of $30 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska ("Berkshire Hathaway"). With the prepayment, the Company has now repaid a total of $1.27 billion since December 2021 and $330 million of the term loan facility remains outstanding. The current prepayment will reduce Seritage's total annual interest expense related to the term loan facility by approximately $2.1 million. The cumulative repayments since De

      1/30/24 4:30:00 PM ET
      $SRG
      Real Estate
      Finance