CENTERSPACE

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

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.

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Contents

Consolidated Statements of Equity

(in thousands, except per share amounts)
NUMBER · ACCUMULATED · ACCUMULATED
OF · DISTRIBUTIONS · OTHER · NONREDEEMABLE
PREFERRED · COMMON · COMMON · IN EXCESS OF · COMPREHENSIVE · NONCONTROLLING · TOTAL
SHARES · SHARES · SHARES · NET INCOME · LOSS · INTERESTS · EQUITY
Balance at December 31, 2020	$93,530		13,027			$968,263			$(427,681)	$(15,905)	$54,616	$672,823
Net loss attributable to controlling interest and noncontrolling interests			(29)			(2,712)		(2,741)
Change in fair value of derivatives and amortization of swap settlements				11,470			11,470
Distributions – common shares and Units ($2.84 per share and Unit)			(40,180)			(2,489)		(42,669)
Distributions – Series C preferred shares ($1.65625 per Series C share)			(6,428)				(6,428)
Distributions – Series E preferred units ($1.291667 per unit)					(2,343)		(2,343)
Share-based compensation, net of forfeitures	28		2,689					2,689
Sale of common shares, net	1,817		156,038					156,038
Issuance of Series E preferred units		44,905				172,608		217,513
Redemption of Units for common shares	144		(4,714)				4,714		—
Change in value of Series D preferred units		(8,771)					(8,771)
Other	—		(1,155)				(146)		(1,301)
Balance at December 31, 2021	$93,530		15,016			$1,157,255			$(474,318)	$(4,435)	$224,248	$996,280
Net loss attributable to controlling interests and noncontrolling interests			(14,109)			(4,172)		(18,281)
Change in fair value of derivatives and amortization of swap settlements				2,380			2,380
Distributions – common shares and Units ($2.92 per share and Unit)			(44,567)			(2,878)		(47,445)
Distributions – Series C preferred shares ($1.65625 per Series C share)			(6,428)				(6,428)
Distributions – Series E preferred units ($3.875 per unit)					(7,029)		(7,029)
Share-based compensation, net of forfeitures	25		2,615					2,615
Sale of common shares, net	321		31,439					31,439
Issuance of units		13,023				9,859		22,882
Redemption of Units for common shares	24		(1,353)				1,353		—
Redemption of Units for cash					(4,141)		(4,141)
Redemption of Series E preferred units for common shares	67		(3,667)				3,667		—
Shares repurchased	(432)		(29,059)					(29,059)
Change in value of Series D preferred units	—		8,771					8,771
Shares withheld for taxes		(1,284)					(1,284)
Other	(1)		(256)				(148)		(404)
Balance at December 31, 2022	$93,530		15,020			$1,177,484			$(539,422)	$(2,055)	$220,759	$950,296
Net income attributable to controlling interests and noncontrolling interests			41,325			7,266		48,591
Amortization of swap settlements				936			936
Distributions – common shares and Units ($2.92 per share and Unit)			(43,748)			(2,694)		(46,442)
Distributions – Series C preferred shares ($1.65625 per Series C share)			(6,428)				(6,428)
Distributions – Series E preferred units ($3.875 per unit)					(6,756)		(6,756)
Share-based compensation, net of forfeitures	20		3,295					3,295
Redemption of Units for common shares	109		(1,910)				1,910		—
Redemption of Series E preferred units for common shares	31		(1,390)				1,390		—
Shares repurchased	(216)		(11,539)					(11,539)
Other	(1)		(246)				(682)		(928)
Balance at December 31, 2023	$93,530		14,963			$1,165,694			$(548,273)	$(1,119)	$221,193	$931,025

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.