CENTERSPACE
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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.
FY2025 · Filed Feb 17, 2026
CSR$57.17-0.6%Stored close · as of Nov 10, 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, 2025 | December 31, 2024 | |
| ASSETS | ||
| Real estate investments | ||
| Property owned | $2,524,020 | $2,480,741 |
| Less accumulated depreciation | (660,124) | (625,980) |
| Total real estate investments | 1,863,896 | 1,854,761 |
| Cash and cash equivalents | 12,833 | 12,030 |
| Restricted cash | 2,818 | 1,099 |
| Other assets | 46,620 | 45,817 |
| TOTAL ASSETS | $1,926,167 | $1,913,707 |
| LIABILITIES, MEZZANINE EQUITY, AND EQUITY | ||
| LIABILITIES | ||
| Accounts payable and accrued expenses | $59,247 | $59,319 |
| Revolving lines of credit | 154,925 | 47,359 |
| Notes payable, net of unamortized loan costs of $421 and $480, respectively | 299,579 | 299,520 |
| Mortgages payable, net of unamortized loan costs of $2,937 and $3,262, respectively | 566,660 | 608,506 |
| TOTAL LIABILITIES | $1,080,411 | $1,014,704 |
| COMMITMENTS AND CONTINGENCIES (NOTE 12) | ||
| SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 59 units issued and outstanding at December 31, 2025 and 166 issued and outstanding at December 31, 2024, aggregate liquidation preference of $5,940 at December 31, 2025) | $5,940 | $16,560 |
| EQUITY | ||
| Common Shares of Beneficial Interest (Unlimited authorization, no par value, 16,761 shares issued and outstanding at December 31, 2025 and 16,719 shares issued and outstanding at December 31, 2024) | 1,368,834 | 1,367,637 |
| Accumulated distributions in excess of net income | (649,678) | (615,242) |
| Accumulated other comprehensive loss | — | (407) |
| Total shareholders’ equity | $719,156 | $751,988 |
| Noncontrolling interests – Operating Partnership and Series E preferred units | 120,660 | 129,782 |
| Noncontrolling interests – consolidated real estate entities | — | 673 |
| TOTAL EQUITY | $839,816 | $882,443 |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY | $1,926,167 | $1,913,707 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.