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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
REVENUE    
Rental income $ 17,055 $ 15,060
Management and other fee income $ 567 $ 5,719
Type of Revenue [Extensible List] Management and Other Fee Income [Member] Management and Other Fee Income [Member]
Total revenue $ 17,622 $ 20,779
EXPENSES    
Property operating 16,339 21,282
Abandoned project costs 5,732  
Real estate taxes 3,935 6,128
Depreciation and amortization 13,118 14,471
General and administrative 30,021 45,988
Total expenses 69,145 87,869
Gain on sale of real estate, net 10,678 96,214
Gain on sale of interest in unconsolidated entities 2,042 6,407
Impairment of real estate assets (87,536) (107,043)
Equity in loss of unconsolidated entities (3,154) (55,857)
Interest and other income (expense), net 2,513 17,067
Interest expense (24,972) (44,571)
Loss before income taxes (151,952) (154,873)
Provision for income taxes (1,584) (38)
Net loss (153,536) (154,911)
Preferred dividends (4,900) (4,900)
Net loss attributable to Seritage common shareholders $ (158,436) $ (159,811)
Net loss per share attributable to Seritage Class A common shareholders - Basic $ (2.82) $ (2.85)
Net loss per share attributable to Seritage Class A common shareholders - Diluted $ (2.82) $ (2.85)
Weighted average Class A common shares outstanding - Basic 56,255 56,151
Weighted average Class A common shares outstanding - Diluted 56,255 56,151