Recent Updates — SRG

The Board of Trustees declared a cash dividend of $0.4375 per share for the Company's 7.00% Series A Cumulative Redeemable Preferred Shares. The payment is scheduled for January 15, 2027, to holders of record as of December 31, 2026. Seritage Growth Properties operates a portfolio of commercial real estate assets.

Seritage Growth Properties announced that Eric Dinenberg’s employment as Chief Operating Officer ended on September 30, 2026. The departure followed a mutually agreed extension of his previously established separation date from September 15 to September 30, 2026. Mr. Dinenberg is entitled to severance and other amounts due under the terms of his Amended and Restated Employment Offer Letter Addendum, based on termination without cause, subject to executing a general release of claims. To ensure continuity, he will provide certain services to the Company under a consulting agreement following the separation date. Seritage Growth Properties operates in the real estate investment trust industry, owning and managing commercial retail properties.

Seritage Growth Properties entered into an amended and restated employment agreement with Adam Metz on July 1, 2026, confirming his continued role as Chief Executive Officer and President. The agreement features an initial six-month term with a company option to extend for another six months. Mr. Metz's annual base salary remains $1,100,000, while his target annual bonus opportunity increased from $1,225,000 to $1,300,000. If the extension is not exercised, the bonus target will be prorated to $650,000 for the six-month period. The company is a real estate investment trust focused on retail properties.