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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUE    
Rental income $ 31,146,000 $ 33,110,000
Management and other fee income $ 135,000 $ 207,000
Type of Revenue [Extensible List] Management and Other Fee Income [Member] Management and Other Fee Income [Member]
Total revenue $ 31,281,000 $ 33,317,000
EXPENSES    
Property operating 10,643,000 10,301,000
Real estate taxes 10,155,000 9,225,000
Depreciation and amortization 13,142,000 34,097,000
General and administrative 11,232,000 9,420,000
Total expenses 45,172,000 63,043,000
Gain on sale of real estate, net 24,208,000 20,788,000
Impairment of real estate assets (1,700,000) 0
Equity in loss of unconsolidated entities (1,162,000) (894,000)
Interest and other income 7,624,000 333,000
Interest expense (26,150,000) (21,513,000)
Loss before taxes (11,071,000) (31,012,000)
Benefit for taxes 138,000 37,000
Net loss (10,933,000) (30,975,000)
Net loss attributable to non-controlling interests 3,213,000 10,311,000
Net loss attributable to Seritage (7,720,000) (20,664,000)
Preferred dividends (1,225,000) (1,225,000)
Net loss attributable to Seritage common shareholders $ (8,945,000) $ (21,889,000)
Net loss per share attributable to Seritage Class A and Class C common shareholders - Basic $ (0.23) $ (0.59)
Net loss per share attributable to Seritage Class A and Class C common shareholders - Diluted $ (0.23) $ (0.59)
Weighted average Class A and Class C common shares outstanding - Basic 39,477 37,232
Weighted average Class A and Class C common shares outstanding - Diluted 39,477 37,232