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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE      
Rental income $ 104,609 $ 115,651 $ 116,202
Management and other fee income $ 2,446 $ 1,032 $ 293
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 $ 107,055 $ 116,683 $ 116,495
EXPENSES      
Property operating 41,770 45,007 41,164
Real estate taxes 23,950 35,256 36,768
Depreciation and amortization 41,114 51,199 95,997
General and administrative 47,634 41,949 28,849
Litigation settlement 35,533    
Total expenses 190,001 173,411 202,778
Gain on sale of real estate 211,936 221,681 88,555
(Loss) gain on sale of interests in unconsolidated entities (677)   1,758
Impairment of real estate assets (126,887) (95,826) (64,108)
Equity in loss of unconsolidated entities (72,080) (9,226) (4,712)
Interest and other income 37,753 9,285 3,394
Interest expense (86,730) (107,975) (91,316)
Loss before income taxes (119,631) (38,789) (152,712)
Income tax expense (466) (196) (252)
Net loss (120,097) (38,985) (152,964)
Net loss attributable to non-controlling interests 46,152 10,836 47,938
Net loss attributable to Seritage (73,945) (28,149) (105,026)
Preferred dividends (4,900) (4,900) (4,900)
Net loss attributable to Seritage common shareholders $ (78,845) $ (33,049) $ (109,926)
Net loss per share attributable to Seritage Class A common shareholders - Basic $ (1.59) $ (0.78) $ (2.87)
Net loss per share attributable to Seritage Class A common shareholders - Diluted $ (1.59) $ (0.78) $ (2.87)
Weighted average Class A common shares outstanding - Basic 49,729 42,393 38,298
Weighted average Class A common shares outstanding - Diluted 49,729 42,393 38,298