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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUE        
Rental income $ 29,418 $ 27,595 $ 58,502 $ 58,741
Management and other fee income $ 286 $ 279 $ 2,107 $ 414
Type of Revenue [Extensible List] Management and Other Fee Income [Member] Management and Other Fee Income [Member] Management and Other Fee Income [Member] Management and Other Fee Income [Member]
Total revenue $ 29,704 $ 27,874 $ 60,609 $ 59,155
EXPENSES        
Property operating 10,801 11,286 21,833 21,929
Real estate taxes 6,425 9,061 14,575 19,216
Depreciation and amortization 10,669 13,328 22,603 26,470
General and administrative 11,093 11,990 20,185 23,222
Litigation reserve 35,000   35,000  
Total expenses 73,988 45,665 114,196 90,837
Gain on sale of real estate, net 68,031 18,097 67,016 42,305
Impairment of real estate assets (109,343) (64,539) (110,334) (66,239)
Equity in loss of unconsolidated entities (33,720) (2,327) (66,796) (3,489)
Interest and other income/(expense) 99 530 110 8,154
Interest expense (22,663) (28,976) (45,251) (55,126)
Loss before income taxes (141,880) (95,006) (208,842) (106,077)
(Provision) for income taxes (203) (298) (228) (160)
Net (loss) (142,083) (95,304) (209,070) (106,237)
Net loss attributable to non-controlling interests 31,328 22,464 46,110 25,677
Net (loss) attributable to Seritage (110,755) (72,840) (162,960) (80,560)
Preferred dividends (1,225) (1,225) (2,450) (2,450)
Net loss attributable to Seritage common shareholders $ (111,980) $ (74,065) $ (165,410) $ (83,010)
Net loss per share attributable to Seritage Class A common shareholders - Basic $ (2.56) $ (1.73) $ (3.79) $ (2.02)
Net loss per share attributable to Seritage Class A common shareholders - Diluted $ (2.56) $ (1.73) $ (3.79) $ (2.02)
Weighted average Class A common shares outstanding - Basic 43,677 42,772 43,656 41,134
Weighted average Class A common shares outstanding - Diluted 43,677 42,772 43,656 41,134