CENTERSPACE
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
CSR$57.51+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| (in thousands, except per share data) | ||
|---|---|---|
| December 31, 2023 | December 31, 2022 | |
| ASSETS | ||
| Real estate investments | ||
| Property owned | $2,420,146 | $2,534,124 |
| Less accumulated depreciation | (530,703) | (535,401) |
| Total real estate investments | 1,889,443 | 1,998,723 |
| Cash and cash equivalents | 8,630 | 10,458 |
| Restricted cash | 639 | 1,433 |
| Other assets | 27,649 | 22,687 |
| TOTAL ASSETS | $1,926,361 | $2,033,301 |
| LIABILITIES, MEZZANINE EQUITY, AND EQUITY | ||
| LIABILITIES | ||
| Accounts payable and accrued expenses | $62,754 | $58,812 |
| Revolving lines of credit | 30,000 | 113,500 |
| Notes payable, net of unamortized loan costs of $541 and $993, respectively | 299,459 | 399,007 |
| Mortgages payable, net of unamortized loan costs of $3,427 and $3,615, respectively | 586,563 | 495,126 |
| TOTAL LIABILITIES | $978,776 | $1,066,445 |
| COMMITMENTS AND CONTINGENCIES (NOTE 12) | ||
| SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 166 units issued and outstanding at December 31, 2023 and 2022, aggregate liquidation preference of $16,560) | $16,560 | $16,560 |
| EQUITY | ||
| Series C Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, $25 per share liquidation preference, 3,881 shares issued and outstanding at December 31, 2023 and 2022, aggregate liquidation preference of $97,036) | 93,530 | 93,530 |
| Common Shares of Beneficial Interest (Unlimited authorization, no par value, 14,963 shares issued and outstanding at December 31, 2023 and 15,020 shares issued and outstanding at December 31, 2022) | 1,165,694 | 1,177,484 |
| Accumulated distributions in excess of net income | (548,273) | (539,422) |
| Accumulated other comprehensive loss | (1,119) | (2,055) |
| Total shareholders’ equity | $709,832 | $729,537 |
| Noncontrolling interests – Operating Partnership and Series E preferred units | 220,544 | 220,132 |
| Noncontrolling interests – consolidated real estate entities | 649 | 627 |
| TOTAL EQUITY | $931,025 | $950,296 |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY | $1,926,361 | $2,033,301 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.