| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
REVENUE | ||||||
Rental income | ||||||
167,035 | 213,558 | 241,017 | 186,421 | |||
Management and other fee income | ||||||
1,598 | 1,196 | - | - | |||
Total revenue | ||||||
168,633 | 214,754 | 241,017 | 248,674 | |||
EXPENSES | ||||||
Property operating | ||||||
42,123 | 28,705 | 19,700 | 21,510 | |||
Real estate taxes | ||||||
38,595 | 42,446 | 45,653 | 43,681 | |||
Depreciation and amortization | ||||||
104,581 | 226,675 | 262,171 | 177,119 | |||
General and administrative | ||||||
39,156 | 34,788 | 27,902 | 17,469 | |||
Litigation charge | ||||||
- | - | - | 19,000 | |||
Provision for doubtful accounts | ||||||
- | 257 | 158 | 269 | |||
Acquisition-related expenses | ||||||
- | - | - | 73 | |||
Total expenses | ||||||
224,455 | 332,871 | 355,584 | 279,121 | |||
Gain on sale of real estate, net | ||||||
71,104 | 96,165 | 11,447 | - | |||
Gain on sale of interests in unconsolidated joint ventures | ||||||
6,721 | - | 60,302 | - | |||
Equity in (loss) income of unconsolidated joint ventures | ||||||
-17,994 | -10,448 | -7,788 | 4,646 | |||
Interest and other income | ||||||
6,824 | 7,886 | 877 | 266 | |||
Interest expense | ||||||
94,519 | 90,020 | 70,112 | 63,591 | |||
Change in fair value of interest rate cap | ||||||
- | -23 | -701 | -1,378 | |||
Loss before taxes | ||||||
-90,407 | -114,557 | -120,542 | -90,504 | |||
Provision for taxes | ||||||
196 | 321 | 271 | 505 | |||
Net loss | ||||||
-90,603 | -114,878 | -120,813 | -91,009 | |||
Net loss attributable to non-controlling interests | ||||||
-31,206 | -41,406 | -47,059 | -39,451 | |||
Net loss attributable to Seritage | ||||||
-59,397 | -73,472 | -73,754 | -51,558 | |||
Preferred dividends | ||||||
4,900 | 4,903 | 245 | - | |||
Net loss attributable to Seritage common shareholders | ||||||
-64,297 | -78,375 | -73,999 | -51,558 | |||
Net loss per share attributable to Seritage Class A and Class C common shareholders - Basic | ||||||
-1.77 | -2.20 | -2.19 | -1.64 | |||
Net loss per share attributable to Seritage Class A and Class C common shareholders - Diluted | ||||||
-1.77 | -2.20 | -2.19 | -1.64 | |||
Weighted average Class A and Class C common shares outstanding - Basic | ||||||
36,413 | 35,560 | 33,804 | 31,416 | |||
Weighted average Class A and Class C common shares outstanding - Diluted | ||||||
36,413 | 35,560 | 33,804 | 31,416 | |||
Tenant Reimbursements [Member] | ||||||
Revenue | ||||||
- | - | - | 62,253 | |||