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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUE      
Rental income $ 115,651 $ 116,202 $ 167,035
Management and other fee income $ 1,032 $ 293 $ 1,598
Type of Revenue [Extensible List] Management and Other Fee Income [Member] Management and Other Fee Income [Member] Management and Other Fee Income [Member]
Total revenue $ 116,683 $ 116,495 $ 168,633
EXPENSES      
Property operating 45,007 41,164 42,123
Real estate taxes 35,256 36,768 38,595
Depreciation and amortization 51,199 95,997 104,581
General and administrative 41,949 28,849 39,156
Total expenses 173,411 202,778 224,455
Gain on sale of real estate 221,681 88,555 71,104
Gain on sale of interests in unconsolidated entities   1,758  
Impairment of real estate assets (95,826) (64,108) 0
Equity in loss of unconsolidated entities (9,226) (4,712) (17,994)
Interest and other income 9,285 3,394 6,824
Interest expense (107,975) (91,316) (94,519)
Loss before income taxes (38,789) (152,712) (90,407)
Provision for income taxes (196) (252) (196)
Net loss (38,985) (152,964) (90,603)
Net loss attributable to non-controlling interests 10,836 47,938 31,206
Net loss attributable to Seritage (28,149) (105,026) (59,397)
Preferred dividends (4,900) (4,900) (4,900)
Net loss attributable to common shareholders $ (33,049) $ (109,926) $ (64,297)
Net loss per share attributable to Seritage Class A common shareholders - Basic $ (0.78) $ (2.87) $ (1.77)
Net loss per share attributable to Seritage Class A common shareholders - Diluted $ (0.78) $ (2.87) $ (1.77)
Weighted average Class A common shares outstanding - Basic 42,393 38,298 36,413
Weighted average Class A common shares outstanding - Diluted 42,393 38,298 36,413