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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUE    
Rental revenue $ 43,578 $ 53,777
Management and other fee income $ 282  
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenue $ 43,860 $ 53,777
EXPENSES    
Property operating 10,237 7,241
Real estate taxes 10,192 11,381
Depreciation and amortization 26,216 34,667
General and administrative 9,759 7,797
Provision for doubtful accounts   61
Total expenses 56,404 61,147
Gain on sale of real estate, net 21,261 41,831
Equity in income (loss) of unconsolidated joint ventures 1,222 (2,582)
Interest and other income 2,598 680
Interest expense (23,454) (16,419)
Change in fair value of interest rate cap   165
(Loss) income before income taxes (10,917) 16,305
Provision for income taxes 23 (104)
Net (loss) income (10,894) 16,201
Net income (loss) attributable to non-controlling interests 3,927 (5,873)
Net loss (income) attributable to Seritage (6,967) 10,328
Preferred dividends (1,225) (1,228)
Net (loss) income attributable to Seritage common shareholders $ (8,192) $ 9,100
Net (loss) income per share attributable to Seritage Class A and Class C common shareholders - Basic $ (0.23) $ 0.26
Net (loss) income per share attributable to Seritage Class A and Class C common shareholders - Diluted $ (0.23) $ 0.26
Weighted average Class A and Class C common shares outstanding - Basic 35,671 35,414
Weighted average Class A and Class C common shares outstanding - Diluted 35,671 35,501