Seritage Growth Properties (SRG)

9.29 -0.05 (-0.54%) At close: 04:00PM EDT

Seritage Growth Properties

500 Fifth Avenue
Suite 1530
New York, NY 10110-1502
United States
212 355 7800
https://www.seritage.com

Sector(s): Real Estate
Industry: REIT - Retail
Full-time employees: 19

Key executives

Name	Title	Pay	Exercised	Year born
Ms. Andrea L. Olshan	CEO, President & Director	2.41M	N/A	1980
Mr. John Andrew Garilli	Interim Chief Financial Officer	N/A	N/A	1965
Mr. Eric Dinenberg	Chief Operating Officer	1.09M	N/A	1983
Mr. Matthew E. Fernand	Chief Legal Officer & Corporate Secretary	1.15M	N/A	1977
Mr. Christopher Mrozinski	Senior Vice President of Development	N/A	N/A	N/A
Mr. Nino Cammalleri	Senior VP & Real Estate Counsel	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Prior to the adoption of the Company's Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. Seritage will continue to actively manage each location until such time as each property is sold. As of December 31, 2023, the Company's portfolio consisted of interests in 32 properties comprised of approximately 4.1 million square feet of gross leasable area (“GLA”) or build-to-suit leased area and 460 acres. The portfolio consists of approximately 2.8 million square feet of GLA and 326 held by 23 wholly owned properties (such properties, the “Consolidated Properties”) and 1.2 million square feet of GLA and 134 acres held by nine unconsolidated entities (such properties, the “Unconsolidated Properties”).

Corporate governance

Seritage Growth Properties’s ISS governance QualityScore as of 1 April 2024 is 9. The pillar scores are Audit: 9; Board: 6; Shareholder rights: 7; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.