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 Statements of Operations and Comprehensive Income (Loss)
| (in thousands, except per share data) | |||
|---|---|---|---|
| Year Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| REVENUE | $273,662 | $260,983 | $261,309 |
| EXPENSES | |||
| Property operating expenses, excluding real estate taxes | 77,627 | 76,338 | 77,053 |
| Real estate taxes | 28,646 | 26,906 | 28,759 |
| Property management expense | 9,638 | 9,128 | 9,353 |
| Casualty loss | 816 | 3,307 | 2,095 |
| Depreciation and amortization | 113,231 | 106,450 | 101,678 |
| Impairment of real estate investments | 37,719 | — | 5,218 |
| General and administrative expenses | 20,918 | 17,802 | 20,080 |
| TOTAL EXPENSES | 288,595 | 239,931 | 244,236 |
| Gain (loss) on sale of real estate and other investments | 79,470 | (577) | 71,244 |
| Loss on litigation settlement | — | — | (3,864) |
| Operating income | 64,537 | 20,475 | 84,453 |
| Interest expense | (44,884) | (37,280) | (36,429) |
| Loss on extinguishment of debt | (98) | — | — |
| Interest and other income | 3,409 | 2,613 | 1,207 |
| NET INCOME (LOSS) | 22,964 | (14,192) | 49,231 |
| Distributions to Series D preferred unitholders | (486) | (640) | (640) |
| Net (income) loss attributable to noncontrolling interests – Operating Partnership and Series E preferred units | (2,969) | 3,635 | (7,141) |
| Net income attributable to noncontrolling interests – consolidated real estate entities | (2,408) | (131) | (125) |
| Net income (loss) attributable to controlling interests | 17,101 | (11,328) | 41,325 |
| Distributions to Series C preferred shareholders | — | (4,821) | (6,428) |
| Redemption of Series C preferred shares | — | (3,511) | — |
| NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS | $17,101 | $(19,660) | $34,897 |
| NET INCOME (LOSS) | $22,964 | $(14,192) | $49,231 |
| Other comprehensive loss: | |||
| Loss on derivative instrument reclassified into earnings | 407 | 712 | 936 |
| TOTAL COMPREHENSIVE INCOME (LOSS) | $23,371 | $(13,480) | $50,167 |
| Net comprehensive (income) loss attributable to noncontrolling interests – Operating Partnership and Series E preferred units | (2,910) | 3,745 | (6,985) |
| Net comprehensive income attributable to noncontrolling interests – consolidated real estate entities | (2,408) | (131) | (125) |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS | $18,053 | $(9,866) | $43,057 |
| NET INCOME (LOSS) PER COMMON SHARE – BASIC | $1.02 | $(1.27) | $2.33 |
| NET INCOME (LOSS) PER COMMON SHARE – DILUTED | $1.02 | $(1.27) | $2.32 |
| Weighted average shares - basic | 16,728 | 15,504 | 14,994 |
| Weighted average shares - dilutive | 16,775 | 15,504 | 17,118 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.