CENTERSPACE
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
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, 2024 | December 31, 2023 | |
| ASSETS | ||
| Real estate investments | ||
| Property owned | $2,480,741 | $2,420,146 |
| Less accumulated depreciation | (625,980) | (530,703) |
| Total real estate investments | 1,854,761 | 1,889,443 |
| Cash and cash equivalents | 12,030 | 8,630 |
| Restricted cash | 1,099 | 639 |
| Other assets | 45,817 | 27,649 |
| TOTAL ASSETS | $1,913,707 | $1,926,361 |
| LIABILITIES, MEZZANINE EQUITY, AND EQUITY | ||
| LIABILITIES | ||
| Accounts payable and accrued expenses | $59,319 | $62,754 |
| Revolving lines of credit | 47,359 | 30,000 |
| Notes payable, net of unamortized loan costs of $480 and $541, respectively | 299,520 | 299,459 |
| Mortgages payable, net of unamortized loan costs of $3,262 and $3,427, respectively | 608,506 | 586,563 |
| TOTAL LIABILITIES | $1,014,704 | $978,776 |
| COMMITMENTS AND CONTINGENCIES (NOTE 12) | ||
| SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 166 units issued and outstanding at December 31, 2024 and 2023, 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, no shares issued and outstanding at December 31, 2024 and 3,881 shares issued and outstanding at December 31, 2023) | — | 93,530 |
| Common Shares of Beneficial Interest (Unlimited authorization, no par value, 16,719 shares issued and outstanding at December 31, 2024 and 14,963 shares issued and outstanding at December 31, 2023) | 1,269,549 | 1,165,694 |
| Accumulated distributions in excess of net income | (615,242) | (548,273) |
| Accumulated other comprehensive loss | (407) | (1,119) |
| Total shareholders’ equity | $653,900 | $709,832 |
| Noncontrolling interests – Operating Partnership and Series E preferred units | 227,870 | 220,544 |
| Noncontrolling interests – consolidated real estate entities | 673 | 649 |
| TOTAL EQUITY | $882,443 | $931,025 |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY | $1,913,707 | $1,926,361 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.