Highest-materiality recent filing
Seritage Q2 net loss $7.4M, refinances debt, sells assets amid ongoing plan of sale
Q2 net loss attributable to common shareholders $7.4M ($0.13/share); H1 loss $38.9M ($0.69/share).
Repaid $50M existing loan (7% interest, maturing July 31, 2026) with Berkshire Hathaway; no prepayment penalty.
Initial term of six months, with Company option to extend for additional six months.
Say-on-pay rejected: 16.05M for, 18.69M against, 2.50M abstain (broker non-votes not counted).
Seritage enters $50.8M option agreement to sell Dallas property to Arena Development
Purchase price $50,760,000 for Dallas property; buyer is Arena Development Intermediate, LLC.
Seritage Q1 net loss widens to $31.3M; going concern doubt flagged
Net loss per share ($0.56) vs ($0.42) in Q1 2025; impairments total $20.4M.
Seritage declares $0.4375/shr preferred dividend, payable July 15
Board declared $0.4375 per share on 7.00% Series A Cumulative Redeemable Preferred Shares.
Seritage reports 2025 net loss $73.1M; raises going concern doubt
Q4 net loss $6.3M ($0.11 per share); full year net loss $73.1M ($1.30 per share).
Seritage declares $0.4375/share preferred dividend, payable April 15, 2026
Board declared $0.4375 per share cash dividend on 7.00% Series A Cumulative Redeemable Preferred Shares.
Seritage Growth Properties prepays $20M on Berkshire Hathaway term loan; $50M remains
Voluntary $20M prepayment on $1.6B term loan facility with Berkshire Hathaway Life Insurance Company.
Seritage Growth Properties prepays $20M on term loan, $50M remains outstanding
Voluntary $20.0M prepayment on $1.6B term loan with Berkshire Hathaway Life.
COO Dinenberg retention plan reduced to 6 months; CLO Fernand extended 1 year
COO Dinenberg's retention term set at Mar 16–Sep 15, 2026, replacing 1-year auto-renewal.
Seritage sells Aventura property for $131M, prepays $130M on term loan, leaving $70M outstanding
Closed sale of Aventura, FL property for $131M on Nov 25, 2025; proceeds used for debt prepayment.
Seritage Q3 net loss $13.6M; four assets under contract for $240.8M gross proceeds
Net loss attributable to common shareholders of $13.6M ($0.24 per share) vs $23.2M ($0.41) in Q3 2024.
Seritage declares $0.4375 quarterly dividend on Series A preferred shares
Dividend of $0.4375 per share on 7.00% Series A Cumulative Redeemable Preferred Shares.
Seritage Growth Properties agrees to sell Aventura, FL property for $131M
Purchase price $131M, less credit for unpaid leasing costs at closing.
Net loss of $29.7M in Q2 2025; extends term loan to July 2026
Net loss attributable to common shareholders of $29.7M ($0.53 per share); NOI-cash basis at share of $2.6M.
Seritage extends $200M term loan to July 2026; pays $8M in fees
Extended Senior Secured Term Loan maturity from July 31, 2025 to July 31, 2026 by paying a 2% ($4M) extension fee.
Seritage declares $0.4375 preferred dividend for Q3 2025
$0.4375 per share declared on 7.00% Series A Cumulative Redeemable Preferred Shares (SRG-PA).
Seritage appoints Adam Metz as non-interim CEO; $1.1M salary, $1.225M target bonus
Adam Metz appointed as CEO on non-interim basis effective July 1, 2025; continues as Board Chairman; M. Sabshon remains Lead Independent Trustee.
Seritage shareholders reject advisory Say-on-Pay; all trustees re-elected
All six incumbent trustees re-elected, each receiving required two-thirds majority; McClain had 14.8M for, 6.8M against.
Seritage Growth Properties prepays $40M on term loan; $200M remains outstanding
Voluntary prepayment of $40M under $1.6B term loan with Berkshire Hathaway Life Insurance Company of Nebraska.
Seritage posts Q1 net loss of $23.4M; interim CEO highlights asset sales plan
Net loss attributable to common shareholders of $23.4M ($0.42/diluted share) vs $20.2M loss in prior-year quarter.
Seritage declares $0.4375 dividend on Series A Preferred shares
Cash dividend of $0.4375 per share on 7.00% Series A Cumulative Redeemable Preferred Shares (SRG-PA).
Seritage posts FY2024 net loss of $158.4M; CEO Olshan to step down April 11
FY2024 net loss $158.4M ($2.82/sh); Q4 net loss $12.6M vs Q4 2023 profit $4.7M.
Seritage CEO Andrea Olshan to step down April 11; Chairman Adam Metz named Interim CEO
Andrea Olshan steps down as CEO and President effective April 11, 2025; separation is amicable.
Seritage declares $0.4375 dividend on Series A preferred shares payable April 15
Cash dividend of $0.4375 per share on 7.00% Series A Cumulative Redeemable Preferred Shares.
Seritage Growth Properties makes $15M voluntary loan prepayment; $240M remains outstanding
Voluntary prepayment of $15M on term loan facility with Berkshire Hathaway made Nov 27, 2024.
Seritage Growth Properties extends term loan maturity to July 2026 with 2% fee
Amendment allows one-year extension of Senior Secured Term Loan maturity from July 31, 2025 to July 31, 2026 at Operating Partnership's election.
Seritage Q3 net loss widens to $23.2M; NOI-cash turns negative amid ongoing asset sales
Net loss of $23.2M ($0.41/share) vs $2.1M loss ($0.04/share) in Q3 2023.
Seritage Growth Properties declares $0.4375/share preferred dividend
Cash dividend of $0.4375 per 7.00% Series A Cumulative Redeemable Preferred Share.
Seritage makes $25M voluntary loan prepayment; $255M remains outstanding
Prepaid $25M on $1.6B term loan from Berkshire Hathaway; total repaid $1.345B since Dec 2021.
Seritage Q2 net loss $102.5M, Aventura impairment $85.8M, securities lawsuit filed
Net loss attributable to common shareholders of $102.5M ($1.82 per share) vs. $96.9M loss a year ago.
Seritage declares $0.4375/shr Series A preferred dividend payable Oct 15
Board declared a cash dividend of $0.4375 per share on 7.00% Series A Cumulative Redeemable Preferred Shares.
Seritage annual meeting: all trustees re-elected; say-on-pay passes with 39% against
All seven trustees re-elected to one-year term; Mitchell Sabshon received 5,954,217 against (25.7% of votes cast).
Seritage corrects multi-tenant asset count in Q1 2024 press release
Clarifies that as of May 10, 2024, the company owned four Multi-Tenant Assets, not five (one sold post-quarter).
Seritage Q1 net loss $20.2M; sold $80M assets YTD, repaid $80M debt
Net loss of $20.2M ($0.36 diluted EPS) in Q1 2024; Total NOI of $2.1M.
Seritage declares $0.4375 preferred dividend payable July 15, 2024
Cash dividend of $0.4375 per 7.00% Series A Cumulative Redeemable Preferred Share.
Seritage prepays $50M on term loan; $280M remains, interest expense reduced $3.5M annually
Voluntary prepayments of $50M on $1.6B term loan with Berkshire Hathaway Life Insurance Co.
Seritage reports FY2023 net loss of $159.8M; sold $842.7M of assets, cut debt by $670M
Net loss attributable to common shareholders of $159.8M ($2.85 per share) for 2023; Q4 net income of $4.7M.
Seritage declares $0.4375/share preferred dividend payable April 15, 2024
Cash dividend of $0.4375 per share on 7.00% Series A Cumulative Redeemable Preferred Shares declared by Board on Feb 29, 2024.
Seritage makes $30M voluntary prepayment on Berkshire Hathaway term loan; $330M remains
Voluntary prepayment of $30 million on $1.6B term loan with Berkshire Hathaway Life Insurance Company.
Salary and target bonus auto-increase 5% annually from March 16, 2024; no performance metrics on bonus.
Seritage Q3 net loss $2.1M; asset sales $156.8M; prepaid $40M on term loan
Net loss attributable to common shareholders of $2.1M (EPS $(0.04)); total NOI $1.1M.
Seritage declares $0.4375/share Series A preferred dividend payable Jan 16, 2024
Dividend of $0.4375 per share on 7.00% Series A Cumulative Redeemable Preferred Shares.
Seritage extends retention bonuses for COO ($750K) and CLO ($796.9K); annual 5% salary hikes
COO Dinenberg's retention bonus $750K annually; CLO Fernand $796.9K; then 105% of prior each year.
Seritage makes $80M prepayment on term loan; $400M remains outstanding
Voluntary $80M prepayment on $1.6B term loan with Berkshire Hathaway Life Insurance.
Seritage Q2 net loss $96.9M, $1.73/shr; $101.5M impairment on Aventura development
Net loss of $96.9M ($1.73/share) vs. $112M loss in prior year; Total NOI $3.0M vs $10.6M.
Seritage declares $0.4375/shr preferred dividend payable Oct 13
$0.4375 per share dividend declared on 7.00% Series A Cumulative Redeemable Preferred Shares (SRG-PA).
Seritage repays $50M on term loan; $550M remains, annual interest cut $3.5M
Voluntary prepayment of $50M on June 7, 2023 under $1.6B term loan with Berkshire Hathaway.
Ms. Olshan will step down as the Company’s Chief Executive Officer and President ("CEO") and as a member of the Board effective as of April 11, 2025
the Board has appointed Mitchell Sabshon to serve as Lead Independent Director as of the Separation Date.
The Board has appointed Board Chairman Adam Metz as Interim Chief Executive Officer and President ("Interim CEO") as of the Separation Date.
On June 5, 2023, John T. McClain, Adam Metz, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann resigned from the Board of Trustees
On June 5, 2023, John T. McClain, Adam Metz, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann resigned from the Board of Trustees
On June 5, 2023, John T. McClain, Adam Metz, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann resigned from the Board of Trustees
On June 5, 2023, John T. McClain, Adam Metz, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann resigned from the Board of Trustees
On June 5, 2023, John T. McClain, Adam Metz, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann resigned from the Board of Trustees
On April 17, 2023, Sharon Osberg notified the Board of Trustees (the “Board”) of Seritage Growth Properties (the “Company”) of her decision not to stand for re-election to the Board at the Company’s 2023 Annual Meeting of Shareholders.
On April 26, 2022, the Board of Trustees (the “Board”) of Seritage Growth Properties (the “Company”) elected Mitchell Sabshon, Talya Nevo-Hacohen and Mark Wilsmann as trustees of the Company and as members of Class I, II and III of the Board, respectively, effective immediately.
On April 26, 2022, the Board of Trustees (the “Board”) of Seritage Growth Properties (the “Company”) elected Mitchell Sabshon, Talya Nevo-Hacohen and Mark Wilsmann as trustees of the Company and as members of Class I, II and III of the Board, respectively, effective immediately.
The Company also announced that Trustees David Fawer and Thomas Steinberg have resigned from the Seritage Board, effective upon Mr. Sabshon’s, Ms. Nevo-Hacohen’s and Mr. Wilsmann’s appointments.
Max materiality 0.90 · Median 0.57 · Most common event earnings