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Seritage Growth Properties 8-K Filings

SRG NYSE

Every 8-K that Seritage Growth Properties (SRG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow SRG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SRG filings page.

Rhea-AI Summary

Seritage Growth Properties reported ongoing execution of its shareholder-approved Plan of Sale alongside weaker operating results for the three and six months ended June 30, 2026. Total revenue was $1.9 million for the quarter, down from $4.7 million a year earlier, and net loss attributable to common shareholders narrowed to $7.4 million (or $0.13 per share) from $29.7 million (or $0.53 per share). For the first half of 2026, net loss attributable to common shareholders was $38.9 million (or $0.69 per share), compared with $53.2 million (or $0.94 per share) in the prior-year period, reflecting lower revenue, reduced depreciation and taxes, and significant non-cash items.

During the quarter Seritage generated $11.0 million of gross proceeds from the sale of one vacant asset and subsequently closed an additional property sale for $3.0 million, plus an $8.9 million distribution from an unconsolidated entity. It also entered into an option purchase and sale agreement to sell a Dallas, Texas asset for anticipated gross proceeds of $50.8 million, with incremental non-refundable monthly option payments. As of June 30, 2026, cash on hand was $62.9 million (including $14.4 million restricted). On July 24, 2026, the company closed a new $15.0 million term loan and $25.0 million revolving loan facility and fully repaid its prior $50.0 million term loan. Management highlighted challenging market conditions, including elevated interest rates and tight capital availability, which they expect could pressure sale pricing and timing.

Rhea-AI Summary

Seritage Growth Properties entered into a new $15.0 million term loan facility and a $25.0 million revolving loan facility with b1Bank. At closing, the company drew $15.0 million on the revolver and, together with the term loan and cash on hand, repaid the $50.0 million outstanding under its prior senior secured term loan with Berkshire Hathaway and paid related costs. The term loan bears interest at One Month SOFR + 2.75%, potentially reduced to One Month SOFR + 2.25% if the balance is reduced to $10.0 million or less. Revolver borrowings bear interest at 2.00% plus the money market rate on $25.0 million of cash collateral, currently 3.50% for twelve months from closing. Both facilities mature on July 24, 2028, include a one-year extension option, are fully prepayable, guaranteed by the company and certain subsidiaries, and secured by three properties or restricted cash, subject to liquidity, coverage and other covenants. The board also declared a quarterly cash dividend of $0.4375 per share on the 7.00% Series A Cumulative Redeemable Preferred Shares, payable October 15, 2026 to holders of record on September 30, 2026.

Rhea-AI Summary

Seritage Growth Properties updated its leadership contract by entering into an amended and restated employment agreement with Chief Executive Officer and President Adam Metz effective July 1, 2026. The agreement has an initial six-month term, with an option for the company to extend it for another six months.

The revised agreement keeps Mr. Metz’s annual base salary at $1,100,000 and increases his target annual bonus opportunity for the 12‑month performance period beginning July 1, 2026 to $1,300,000, up from $1,225,000 under his prior contract. If the company does not extend the term, the bonus performance period and target will be prorated to six months, with the target amount reduced to 50% of the new target and performance measured over that initial term. All other terms of his employment remain unchanged.

Rhea-AI Summary

Seritage Growth Properties reported results from its annual shareholder meeting. Six incumbent trustees, including John T. McClain and Adam Metz, did not receive the two-thirds vote required under the bylaws but will continue serving under the Company’s Declaration of Trust and Maryland law until successors are elected and qualified. Shareholders ratified Deloitte & Touche LLP as independent registered public accounting firm for fiscal year 2026, with 27,029,802 votes for and 2,674,904 against. An advisory, non-binding resolution on the executive compensation program was rejected, with 16,048,602 votes for, 18,687,428 against and 2,500,909 abstaining, signaling shareholder dissatisfaction with current pay practices.

Rhea-AI Summary

Seritage Growth Properties entered into an option purchase and sale agreement to sell a Dallas, Texas property for $50,760,000, subject to adjustments and customary closing conditions. The buyer has an entitlement period ending no later than January 28, 2028, with closing by the earlier of ninety days after that date or January 31, 2028.

On the effective date, the buyer paid a non-refundable option fee of $169,200, and may owe additional monthly option payments of $126,900 through December 1, 2026 and $274,950 through January 1, 2028 while the agreement remains in effect. These option payments are incremental to the purchase price. The deal is cross-conditioned with a similar agreement for adjacent property, and there is no assurance the buyer will ultimately exercise the purchase option.

Rhea-AI Summary

Seritage Growth Properties announced that its Board of Trustees declared a cash dividend of $0.4375 per share on its 7.00% Series A Cumulative Redeemable Preferred Shares. The dividend will be paid on July 15, 2026 to holders of record as of June 30, 2026.

Rhea-AI Summary

Seritage Growth Properties declared a cash dividend on its 7.00% Series A Cumulative Redeemable Preferred Shares. The dividend is $0.4375 per preferred share and will be paid on April 15, 2026 to holders of record as of March 31, 2026.

Rhea-AI Summary

Seritage Growth Properties announced that it voluntarily prepaid $20 million on its $1.6 billion senior secured term loan facility dated July 31, 2018.

Following this payment, the company has repaid $1.55 billion on the facility since December 2021, leaving $50 million outstanding and reducing its total annual interest expense on the term loan by approximately $1.4 million. The current report is an amendment filed mainly to correct a typographical error in the header of a previously filed exhibit and does not alter the substantive disclosure.

Rhea-AI Summary

Seritage Growth Properties announced a voluntary prepayment of $20 million on its $1.6 billion senior secured term loan facility with Berkshire Hathaway Life Insurance Company of Nebraska. This move continues the company’s multi‑year debt reduction effort.

Since December 2021, Seritage has repaid a total of $1.55 billion under the Term Loan Agreement, leaving $50 million outstanding. The latest prepayment is expected to lower the company’s total annual interest expense related to this facility by approximately $1.4 million, reducing ongoing financing costs and strengthening its balance sheet.

Rhea-AI Summary

Seritage Growth Properties updated executive employment terms as it continues its plan of sale. The Compensation Committee approved an amendment for Chief Operating Officer Eric Dinenberg that creates a six‑month retention period from March 16, 2026 to September 15, 2026, instead of an automatic one‑year renewal. His total compensation and benefits under this shorter term, excluding a potential additional bonus, are about 50% of what a full one‑year renewal would have provided.

Mr. Dinenberg’s annual salary and target bonus increase by 5%, and he is eligible for a $434,109 retention bonus, paid one‑third on July 15, 2026 and two‑thirds on September 15, 2026, if he remains employed. If he stays through the end of the term, he also receives a $173,643 cash award in lieu of 2026 equity and a $245,479 prorated bonus. He may earn an additional $1,000,000 bonus if a change of control or sale of substantially all assets is agreed during the term and closes by 12 months after the term. The company also effectively extended Chief Legal Officer Matthew Fernand’s term by one year beginning March 16, 2026.

Rhea-AI Summary

Seritage Growth Properties completed the sale of its Aventura, Florida property to Boulevard Step Ventures LLC for $131.0 million, less a credit for unpaid leasing costs as of closing. The transaction closed on November 25, 2025 under a previously signed purchase and sale agreement.

On the same date, the company announced a voluntary prepayment of $130 million on its $1.6 billion senior secured term loan facility with Berkshire Hathaway Life Insurance Company of Nebraska, funded from recent property sale proceeds including the Aventura sale. Seritage has now repaid $1.53 billion on this facility since December 2021, leaving $70 million outstanding, and expects its annual interest expense on the term loan to decline by approximately $9.2 million.

Rhea-AI Summary

Seritage Growth Properties (SRG) furnished an 8-K announcing it issued a press release with financial results for the three and nine months ended September 30, 2025. The press release is included as Exhibit 99.1.

The company states the information under Item 2.02, including Exhibit 99.1, is furnished under General Instruction B.2 and is not deemed “filed” under the Exchange Act, nor incorporated by reference except as specifically set forth in future filings.

Rhea-AI Summary

Seritage Growth Properties declared a cash dividend of $0.4375 per share on its 7.00% Series A Cumulative Redeemable Preferred Shares.

The dividend will be paid on January 15, 2026 to holders of record as of December 31, 2025. This notice pertains to the company’s preferred shares and outlines the amount, record date, and payment date for the upcoming distribution.

Rhea-AI Summary

Seritage Growth Properties disclosed that a subsidiary entered into a purchase and sale agreement to sell its Aventura, Florida property to Boulevard Step Ventures LLC. The agreed purchase price is $131.0 million, reduced by a credit at closing for any unpaid leasing costs on existing leases. The buyer has posted a $5.0 million non‑refundable earnest money deposit, with the ability to extend the scheduled closing date by 45 days by posting an additional $5.0 million non‑refundable deposit. Closing is scheduled for 30 days after the September 2, 2025 effective date, subject to customary conditions.

Rhea-AI Summary

Seritage Growth Properties furnished an update on its recent performance by submitting a press release covering its financial results for the three and six months ended June 30, 2025. The press release, dated August 14, 2025, is attached as Exhibit 99.1 to this report and provides the detailed quarterly and half-year figures. The company’s Class A common shares and 7.00% Series A cumulative redeemable preferred shares remain listed on the New York Stock Exchange under the symbols SRG and SRG-PA, respectively.