Seritage Growth Properties Class A common shares of beneficial interest, par value $0.01
SRGSeritage Growth Properties (SRG) is a real estate investment trust (REIT) that specializes in acquiring, developing, and repositioning retail and commercial properties. The company primarily focuses on transforming former Sears and Kmart spaces into mixed-use developments, including retail, residential, and office spaces, to maximize property value and generate income. As a Class A common shares of beneficial interest, SRG offers investors exposure to its diversified real estate portfolio, emphasizing strategic redevelopment in prime markets.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| April 11, 2019 | $0.25 | 2019-03-28 | 2019-03-29 |
| January 10, 2019 | $0.25 | 2018-12-28 | 2018-12-31 |
| October 11, 2018 | $0.25 | 2018-09-27 | 2018-09-28 |
| July 12, 2018 | $0.25 | 2018-06-28 | 2018-06-29 |
| April 12, 2018 | $0.25 | 2018-03-28 | 2018-03-30 |
Dividends Summary
- Consistent Payer: Seritage Growth Properties Class A common shares of beneficial interest, par value $0.01 has rewarded shareholders with 17 dividend payments over the past 11 years.
- Total Returned Value: Investors who held SRG shares during this period received a total of $3.93 per share in dividend income.
- Latest Payout: The most recent dividend of $0.25/share was paid 2479 days ago, on April 11, 2019.
- Yield & Schedule: SRG currently pays dividends quarterly with an annual yield of 26.60%.
- Dividend Growth: Since 2008, the dividend payout has grown by 254.1%, from $0.07 to $0.25.
- Dividend Reliability: SRG has maintained or increased its dividend for 13 consecutive payments.
Company News
Seritage Growth Properties is continuing to wind down its portfolio, with ongoing property sales as part of its strategy to eventually return capital to investors.
Law firm investigating potential claims against Seritage Growth Properties for alleged misleading statements about financial controls and asset valuations, with stock price drops following revelations of material weaknesses in financial reporting.
Seritage Growth Properties is planning to sell all its assets and shut down the business. The value of the remaining assets implies significant potential upside for patient shareholders, but the success of the plan depends on effective execution by management.
Seritage Growth Properties (SRG) is facing a class action lawsuit due to alleged material weaknesses in its internal controls and overstatement of asset values, leading to a significant stock price decline.
Rosen Law Firm is encouraging investors who purchased Seritage Growth Properties (SRG) securities between July 7, 2022 and May 10, 2024 to secure legal counsel before the August 30 deadline to join the class action lawsuit. The lawsuit alleges that Seritage made false and/or misleading statements about its internal controls and asset valuations.
