Seritage Growth Properties Declares $0.4375 Quarterly Preferred Dividend
Seritage Growth Properties, a real estate investment trust focused on property redevelopment, declared a quarterly cash dividend of $0.4375 per Series A preferred share. The dividend maintains the same rate as prior quarters.
Seritage Growth Properties (NYSE: SRG), a real estate investment trust focused on property redevelopment, declared a quarterly cash dividend of $0.4375 per Series A preferred share on February 25, 2026. The dividend matches the rate paid in previous quarters. Read more dividend announcements.
The dividend will be paid on April 15, 2026, to shareholders of record as of March 31, 2026. This marks the company's continued commitment to its preferred shareholders amid ongoing strategic initiatives.
| Dividend Details | Series A Preferred |
|---|---|
| Amount Per Share | $0.4375 |
| Record Date | March 31, 2026 |
| Payment Date | April 15, 2026 |
| Frequency | Quarterly |
Strategic Review Continues
Seritage disclosed that its strategic review process remains ongoing as the company executes its Plan of Sale, which was approved by shareholders at the 2022 Annual Meeting. The company stated it remains open to value-maximizing alternatives, including a potential sale of the company, though there is no assurance regarding the outcome of the process.
Market Conditions
The company noted it continues to face challenging market conditions, including elevated interest rates and limited availability of debt and equity capital. While interest rates have begun to decline from recent highs, they remain elevated relative to 2022 levels. Seritage also cited difficulty in raising equity capital for land development deals.
The company said it is monitoring potential macroeconomic impacts including supply chain issues, international conflicts associated with tariffs, potential labor issues, and uncertainty caused by wars. Management indicated these conditions could apply downward pricing pressures on the company's remaining assets.
Recent Dividend History
Seritage has maintained consistent quarterly preferred dividend payments throughout 2025 and into 2026. The company paid $0.4375 per Series A preferred share in April, July, and October 2025, as well as in January 2026. The February 2026 declaration continues this pattern with no change in the dividend rate.