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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUE    
Rental income $ 33,110 $ 43,578
Management and other fee income $ 207 $ 282
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenue $ 33,317 $ 43,860
EXPENSES    
Property operating 10,301 10,237
Real estate taxes 9,225 10,192
Depreciation and amortization 34,097 26,216
General and administrative 9,420 9,759
Total expenses 63,043 56,404
Gain on sale of real estate, net 20,788 21,261
Equity in (loss) income of unconsolidated joint ventures (894) 1,222
Interest and other income 333 2,598
Interest expense (21,513) (23,454)
Loss before taxes (31,012) (10,917)
Provision for taxes 37 23
Net loss (30,975) (10,894)
Net loss attributable to non-controlling interests 10,311 3,927
Net loss attributable to Seritage (20,664) (6,967)
Preferred dividends (1,225) (1,225)
Net loss attributable to Seritage common shareholders $ (21,889) $ (8,192)
Net loss per share attributable to Seritage Class A and Class C common shareholders - Basic $ (0.59) $ (0.23)
Net loss per share attributable to Seritage Class A and Class C common shareholders - Diluted $ (0.59) $ (0.23)
Weighted average Class A and Class C common shares outstanding - Basic 37,232 35,671
Weighted average Class A and Class C common shares outstanding - Diluted 37,232 35,671