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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUE        
Rental income $ 4,166 $ 5,517 $ 9,891 $ 5,935
Management and other fee income $ 50 $ 367 $ 98 $ 629
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 $ 4,216 $ 5,884 $ 9,989 $ 6,564
EXPENSES        
Property operating 4,160 5,196 7,833 13,381
Real estate taxes 1,238 2,170 2,631 3,707
Depreciation and amortization 1,212 4,151 6,483 8,715
General and administrative 6,874 10,099 16,066 22,319
Total expenses 13,484 21,616 33,013 48,122
Gain on sale of real estate, net 2,034 33,488 3,173 45,880
Gain on sale of interest in unconsolidated entities   7,323   7,323
Impairment of real estate assets (86,388) (104,467) (87,536) (107,043)
Equity in loss of unconsolidated entities (566) (13,698) (187) (50,070)
Interest and other income, net 717 9,869 2,140 15,454
Interest expense (6,282) (12,528) (13,293) (27,730)
Loss before income taxes (99,753) (95,745) (118,727) (157,744)
(Provision) benefit for income taxes (1,474) 38 (1,485) 51
Net income (loss) (101,227) (95,707) (120,212) (157,693)
Preferred dividends (1,225) (1,225) (2,450) (2,450)
Net loss attributable to Seritage common shareholders $ (102,452) $ (96,932) $ (122,662) $ (160,143)
Net loss per share attributable to Seritage Class A common shareholders - Basic $ (1.82) $ (1.73) $ (2.18) $ (2.85)
Net loss per share attributable to Seritage Class A common shareholders - Diluted $ (1.82) $ (1.73) $ (2.18) $ (2.85)
Weighted average Class A common shares outstanding - Basic 56,268 56,173 56,242 56,116
Weighted average Class A common shares outstanding - Diluted 56,268 56,173 56,242 56,116