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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
REVENUE    
Rental income $ 17,597 $ 17,055
Management and other fee income $ 607 $ 567
Type of Revenue [Extensible List] Management and Other Fee Income [Member] Management and Other Fee Income [Member]
Total revenue $ 18,204 $ 17,622
EXPENSES    
Property operating 13,984 16,339
Abandoned project costs 0 5,732
Real estate taxes 2,455 3,935
Depreciation and amortization 6,282 13,118
General and administrative 31,949 30,021
Total expenses 54,670 69,145
Gain on sale of real estate, net 20,342 10,678
(Loss) gain on sale of interests in unconsolidated entities (1,417) 2,042
Impairment of real estate assets (18,800) (87,536)
Equity in loss of unconsolidated entities (13,169) (3,154)
Interest and other income (expense), net 1,568 2,513
Interest expense (20,273) (24,972)
Loss before income taxes (68,215) (151,952)
Provision for income taxes 0 (1,584)
Net loss (68,215) (153,536)
Preferred dividends (4,900) (4,900)
Net loss attributable to Seritage common shareholders $ (73,115) $ (158,436)
Net loss per share attributable to Seritage Class A common shareholders - Basic $ (1.3) $ (2.82)
Net loss per share attributable to Seritage Class A common shareholders - Diluted $ (1.3) $ (2.82)
Weighted average Class A common shares outstanding - Basic 56,314 56,255
Weighted average Class A common shares outstanding - Diluted 56,314 56,255