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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUE        
Rental revenue $ 38,697 $ 48,356 $ 82,275 $ 102,133
Management and other fee income $ 1,814 $ 914 $ 2,096 $ 914
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenue $ 40,511 $ 49,270 $ 84,371 $ 103,047
EXPENSES        
Property operating 9,302 6,533 19,539 13,774
Real estate taxes 10,159 9,217 20,351 20,598
Depreciation and amortization 20,194 49,551 46,410 84,218
General and administrative 8,297 8,673 18,056 16,470
Provision for doubtful accounts   109   170
Total expenses 47,952 74,083 104,356 135,230
Gain on sale of real estate, net 11,612 34,187 32,873 76,018
Equity in loss of unconsolidated joint ventures (9,944) (2,158) (8,722) (4,740)
Interest and other income 2,175 456 4,773 1,136
Interest expense (22,141) (17,862) (45,595) (34,281)
Change in fair value of interest rate cap   (172)   (7)
(Loss) income before taxes (25,739) (10,362) (36,656) 5,943
Provision for taxes (146) (240) (123) (344)
Net (loss) income (25,885) (10,602) (36,779) 5,599
Net income (loss) attributable to non-controlling interests 8,982 3,831 12,909 (2,042)
Net loss (income) attributable to Seritage (16,903) (6,771) (23,870) 3,557
Preferred dividends (1,225) (1,225) (2,450) (2,453)
Net (loss) income attributable to Seritage common shareholders $ (18,128) $ (7,996) $ (26,320) $ 1,104
Net (loss) income per share attributable to Seritage Class A and Class C common shareholders - Basic $ (0.50) $ (0.23) $ (0.73) $ 0.03
Net (loss) income per share attributable to Seritage Class A and Class C common shareholders - Diluted $ (0.50) $ (0.23) $ (0.73) $ 0.03
Weighted average Class A and Class C common shares outstanding - Basic 36,291 35,483 35,983 35,449
Weighted average Class A and Class C common shares outstanding - Diluted 36,291 35,483 35,983 35,588