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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUE    
Rental income $ 1,909,000 $ 4,457,000
Management and other fee income $ 141,000 $ 142,000
Type of Revenue [Extensible List] Management and Other Fee Income [Member] Management and Other Fee Income [Member]
Total revenue $ 2,050,000 $ 4,599,000
EXPENSES    
Property operating 1,461,000 2,908,000
Real estate taxes 333,000 953,000
Depreciation and amortization 400,000 2,075,000
General and administrative 5,292,000 15,693,000
Total expenses 7,486,000 21,629,000
Gain on sale of real estate, net 0 6,936,000
Impairment of real estate assets (15,183,000) 0
Equity in loss of unconsolidated entities (7,167,000) (7,928,000)
Interest and other income (expense), net 371,000 860,000
Interest expense (2,903,000) (5,230,000)
Loss before income taxes (30,318,000) (22,392,000)
Benefit from income taxes 0 190,000
Net loss (30,318,000) (22,202,000)
Preferred dividends (1,225,000) (1,225,000)
Net loss attributable to Seritage common shareholders $ (31,543,000) $ (23,427,000)
Net loss per share attributable to Seritage Class A common shareholders - Basic $ (0.56) $ (0.42)
Net loss per share attributable to Seritage Class A common shareholders - Diluted $ (0.56) $ (0.42)
Weighted average Class A common shares outstanding - Basic 56,324 56,283
Weighted average Class A common shares outstanding - Diluted 56,324 56,283