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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE    
Rental income $ 4,457 $ 5,725
Management and other fee income $ 142 $ 48
Type of Revenue [Extensible List] Management and Other Fee Income [Member] Management and Other Fee Income [Member]
Total revenue $ 4,599 $ 5,773
EXPENSES    
Property operating 2,908 3,673
Real estate taxes 953 1,393
Depreciation and amortization 2,075 5,271
General and administrative 15,693 9,192
Total expenses 21,629 19,529
Gain on sale of real estate, net 6,936 1,139
Impairment of real estate assets 0 (1,148)
Equity in (loss) income of unconsolidated entities (7,928) 379
Interest and other income (expense), net 860 1,423
Interest expense (5,230) (7,011)
Loss before income taxes (22,392) (18,974)
Benefit (provision) for income taxes 190 (11)
Net loss (22,202) (18,985)
Preferred dividends (1,225) (1,225)
Net loss attributable to Seritage common shareholders $ (23,427) $ (20,210)
Net loss per share attributable to Seritage Class A common shareholders - Basic $ (0.42) $ (0.36)
Net loss per share attributable to Seritage Class A common shareholders - Diluted $ (0.42) $ (0.36)
Weighted average Class A common shares outstanding - Basic 56,283 56,215
Weighted average Class A common shares outstanding - Diluted 56,283 56,215