← CENTERSPACE
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $536.7m |
$205.7m
-61.67%
|
$169.7m
-17.49%
|
$185.8m
+9.43%
|
$178.0m
-4.18%
|
$201.7m
+13.32%
|
$256.7m
+27.27%
|
$261.3m
+1.79%
|
$261.0m
-0.12%
|
$273.7m
+4.86%
|
$268.9m
-1.75%
|
|
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | — | $41k | $71.2m | ($577k) | $79.5m | — | |
| Cost of Revenue | $79.1m |
$88.4m
+11.70%
|
$5.5m
-93.75%
|
$6.2m
+11.94%
|
$5.8m
-6.22%
|
$8.8m
+50.87%
|
$9.9m
+13.06%
|
$9.4m
-5.48%
|
$9.1m
-2.41%
|
$9.6m
+5.59%
|
$112.5m
+1067.43%
|
|
| Gross Profit (Calculated) | $457.6m |
$117.4m
-74.35%
|
$164.2m
+39.90%
|
$179.6m
+9.35%
|
$172.2m
-4.11%
|
$193.0m
+12.06%
|
$246.8m
+27.92%
|
$252.0m
+2.08%
|
$251.9m
-0.04%
|
$264.0m
+4.83%
|
— | |
| General and Administrative Expense | $11.3m | $12.1m | $14.2m | $14.4m | $13.4m | $16.2m | $17.5m | $20.1m | $17.8m | $20.9m | $23.5m | |
| Amortization of Intangible Assets | — | — | — | — | — | $13.5m | $12.3m | $2.6m | $2.8m | $8.3m | — | |
| Operating expenses: | ||||||||||||
| Operating Income (Loss) | $39.5m |
($13.8m)
-134.92%
|
($23.7m)
-71.76%
|
$11.4m
+148.16%
|
$8.3m
-26.95%
|
$29.9m
+258.42%
|
$13.9m
-53.63%
|
$84.5m
+509.29%
|
$20.5m
-75.76%
|
$64.5m
+215.20%
|
$22.8m
-64.72%
|
|
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | — | — | — | $0 | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | $0 | $6.6m | $6.6m | $0 | $0 | ($3.9m) | $0 | $0 | — | |
| Other Nonoperating Income (Expense) | $317k | $807k | $311k | — | — | — | — | — | — | — | — | |
| Interest Expense (non-operating) | $35.8m | $41.1m | $34.2m | $30.5m | $27.5m | $29.1m | $32.8m | $36.4m | $37.3m | $44.9m | $45.6m | |
| Interest and Other Income | $2.6m | $1.2m | $1.5m | $2.1m | $1.6m | $2.4m | $1.2m | $1.2m | $2.6m | $3.4m | — | |
| Real Estate Tax Expense | $20.2m | $23.6m | $18.7m | $21.1m | $21.5m | $24.1m | $28.6m | $28.8m | $26.9m | $28.6m | — | |
| Net Income (Loss) Attributable to Parent | $72.0m |
$43.3m
-39.80%
|
$116.8m
+169.43%
|
$78.7m
-32.64%
|
$4.4m
-94.35%
|
($29k)
-100.65%
|
($14.1m)
-48551.72%
|
$41.3m
+392.90%
|
($11.3m)
-127.41%
|
$17.1m
+250.96%
|
$21.4m
+25.38%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $60.5m |
$31.4m
-48.15%
|
$104.6m
+233.36%
|
$71.8m
-31.29%
|
($1.8m)
-102.49%
|
($6.5m)
-260.73%
|
($20.5m)
-218.06%
|
$34.9m
+269.92%
|
($19.7m)
-156.34%
|
$17.1m
+186.98%
|
$21.4m
+25.38%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | ($2.4m) | — | — | $6.8m | $212k | $2.8m | $4.3m | $7.1m | $3.6m | $3.0m | $21.4m | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | $537k | — | — | — | — | — | — | $281k | |
| Earnings Per Share, Basic | — | — | $8.71 | $6.06 | ($0.15) | ($0.47) | ($1.35) | $2.33 | ($1.27) | $1.02 | $1.28 | |
| Earnings Per Share, Diluted | $0.49 | $0.26 | $8.71 | $6.00 | ($0.15) | ($0.47) | ($1.35) | $2.32 | ($1.27) | $1.02 | $1.28 | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | $9 | $6 | ($0) | ($0) | ($1) | $2 | ($1) | $1 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $0 | $0 | $9 | $6 | ($0) | ($0) | ($1) | $2 | ($1) | $1 | — | |
| Common Stock, Dividends, Per Share, Declared | — | — | $0.28 | $2.80 | $2.80 | $2.84 | $2.92 | $2.92 | $3.00 | $3.08 | — | |
| Preferred Stock, Dividends Per Share, Declared | — | — | $8.71 | $6.06 | $1.66 | ($0.47) | ($1.35) | $2.33 | ($1.27) | $1.02 | $281,000.00 | |
| Weighted Average Number of Shares Outstanding, Basic | 123.1m | 121.2m | 120.0m | 11.7m | 12.6m | 13.8m | 15.2m | 15.0m | 15.5m | 16.7m | 16.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | 137.4m | 137.3m | 134.6m | 13.2m | 13.6m | 15.7m | 15.2m | 17.1m | 15.5m | 16.8m | 16.8m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $830k | $3.3m | $51k | $0 | — | — | — | — | — | — | — | |
| Cost of Property Repairs and Maintenance | — | — | — | — | — | — | — | — | $15.4m | $15.3m | — | |
| Goodwill, Impairment Loss | $0 | $0 | — | — | — | — | — | — | — | — | $32.9m | |
| Other General Expense | $2.2m | $3.8m | — | — | — | — | — | — | — | — | — | |
| Realized Investment Gains (Losses) | — | — | — | — | $25.5m | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $20.6m | ($17.3m) | ($30.3m) | $78.7m | $4.4m | $2.8m | $4.3m | $7.1m | $3.6m | $3.0m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $19.3m | ($38.1m) | ($37.2m) | $84.8m | $4.7m | $2.8m | $4.3m | $7.1m | $3.6m | $3.0m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $57.3m | $68.7m | $164.8m | $0 | $0 | $2.8m | $4.3m | $7.1m | $3.6m | $3.0m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $51.4m | $60.7m | $147.1m | $0 | $0 | $2.8m | $4.3m | $7.1m | $3.6m | $3.0m | — |