CENTERSPACE
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
View on SEC.govAbout 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.
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 Statements of Operations
| (in thousands, except per share data) | |||
|---|---|---|---|
| Year Ended December 31, | |||
| 2024 | 2023 | 2022 | |
| REVENUE | $260,983 | $261,309 | $256,716 |
| EXPENSES | |||
| Property operating expenses, excluding real estate taxes | 76,338 | 77,053 | 80,070 |
| Real estate taxes | 26,906 | 28,759 | 28,567 |
| Property management expense | 9,128 | 9,353 | 9,895 |
| Casualty loss | 3,307 | 2,095 | 1,591 |
| Depreciation and amortization | 106,450 | 101,678 | 105,257 |
| Impairment of real estate investments | — | 5,218 | — |
| General and administrative expenses | 17,802 | 20,080 | 17,516 |
| TOTAL EXPENSES | 239,931 | 244,236 | 242,896 |
| Gain (loss) on sale of real estate and other investments | (577) | 71,244 | 41 |
| Loss on litigation settlement | — | (3,864) | — |
| Operating income | 20,475 | 84,453 | 13,861 |
| Interest expense | (37,280) | (36,429) | (32,750) |
| Interest and other income | 2,613 | 1,207 | 1,248 |
| NET INCOME (LOSS) | (14,192) | 49,231 | (17,641) |
| Dividends to Series D preferred unitholders | (640) | (640) | (640) |
| Net (income) loss attributable to noncontrolling interests – Operating Partnership and Series E preferred units | 3,635 | (7,141) | 4,299 |
| Net income attributable to noncontrolling interests – consolidated real estate entities | (131) | (125) | (127) |
| Net income (loss) attributable to controlling interests | (11,328) | 41,325 | (14,109) |
| Dividends to preferred shareholders | (4,821) | (6,428) | (6,428) |
| Redemption of preferred shares | (3,511) | — | — |
| NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS | $(19,660) | $34,897 | $(20,537) |
| NET INCOME (LOSS) PER COMMON SHARE – BASIC | $(1.27) | $2.33 | $(1.35) |
| NET INCOME (LOSS) PER COMMON SHARE – DILUTED | $(1.27) | $2.32 | $(1.35) |
| Weighted average shares - basic | 15,504 | 14,994 | 15,216 |
| Weighted average shares - dilutive | 15,504 | 17,118 | 15,216 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.