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Seritage Growth Properties Announces Third Quarter 2018 Dividend for Common and Preferred Shares

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Seritage Growth Properties (NYSE:SRG) announced today that its Board of
Trustees declared a cash dividend of $0.25 per Class A and Class C
common share for the third quarter of 2018. The common dividend will be
paid on October 11, 2018 to Class A and Class C shareholders of record
on September 28, 2018.

The Company also announced today that its Board of Trustees declared a
cash dividend of $0.4375 per share of its 7.00% Series A Cumulative
Redeemable Preferred Shares. The preferred dividend will be paid on
October 15, 2018 to holders of record on September 28, 2018.

About Seritage Growth Properties

Seritage Growth Properties is a publicly-traded, self-administered and
self-managed REIT with 225 wholly-owned properties and 24 joint venture
properties totaling over 39 million square feet of space across 49
states and Puerto Rico. The Company was formed and listed on the New
York Stock Exchange (NYSE:SRG) in July 2015 in conjunction with the
acquisition of a portfolio of real estate from Sears Holdings. Our
mission is to create and own revitalized shopping, dining, entertainment
and mixed-use destinations that provide enriched experiences for
consumers and local communities, and that generate long-term value for
our shareholders. The Company is headquartered in New York, NY.

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