← CENTERSPACE

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($17.6m) $49.2m ($14.2m) $23.0m
Net Income (Loss) Attributable to Parent $72.0m $43.3m $116.8m $78.7m $4.4m ($29k) ($14.1m) $41.3m ($11.3m) $17.1m
Net Income (Loss) Available to Common Stockholders, Basic $60.5m $31.4m $104.6m $71.8m ($1.8m) ($6.5m) ($20.5m) $34.9m ($19.7m) $17.1m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $76.6m $30.5m $127.6m $84.8m $4.7m ($2.1m) ($17.6m) $49.2m ($14.2m) $23.0m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $20.6m ($17.3m) ($30.3m) $78.7m $4.4m — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $19.3m ($38.1m) ($37.2m) $84.8m $4.7m — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $57.3m $68.7m $164.8m $0 $0 — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $51.4m $60.7m $147.1m $0 $0 — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest ($2.4m) — — — — — — — — —
Depreciation, Depletion and Amortization $51.0m $56.5m $83.3m $75.4m $76.6m $93.1m $106.2m $103.2m $107.6m $114.6m
Amortization of Intangible Assets — — — — — $13.5m $12.3m $2.6m $2.8m $8.3m
Amortization Of Securities — — — — — — — ($231k) $1.2m $1.9m
Depreciation Amortization Depletion — — — — — — $106.2m $103.2m $107.6m $114.6m
Share-based Payment Arrangement, Noncash Expense $2.3m $6k $1.6m $1.9m $2.1m $2.7m $2.6m $3.3m $3.0m $3.4m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — — $0 $0 $1.2m
Share-based Payment Arrangement, Expense $2.3m $6k $1.6m $1.9m $2.1m $2.7m $2.6m $3.3m $3.0m $3.4m
Goodwill, Impairment Loss $0 $0 — — — — — — — —
Asset Impairment Charge — — — — — — $0 $5.2m $0 $37.7m
Gain (Loss) on Extinguishment of Debt ($106k) ($3.1m) ($940k) ($2.4m) ($23k) ($535k) — $0 $0 ($98k)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $69.9m — — — — — — — — —
Interest Expense Nonoperating — — — — — — — — $37.3m $44.9m
Other Nonoperating Income (Expense) $317k $807k $311k — — — — — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($1.8m) ($930k) — — — — — — — —
Increase (Decrease) in Other Operating Assets ($1.5m) — $646k ($1.1m) $4.8m $5.4m $645k $760k $4.9m $5.6m
Debt and Equity Securities, Realized Gain (Loss) — — — — — — $0 — — —
Gain (Loss) on Sale of Properties — — — — $25.5m ($27.5m) ($41k) ($71.2m) $577k ($79.5m)
Gain (Loss) Related to Litigation Settlement — — $0 $6.6m $6.6m $0 $0 ($3.9m) $0 $0
General and Administrative Expense $11.3m $12.1m $14.2m $14.4m $13.4m $16.2m $17.5m $20.1m $17.8m $20.9m
Goodwill $1.7m $1.6m $1.6m $1.1m $986k $866k $866k $491k $491k $316k
Investment Income, Interest $2.3m $369k $1.2m — — — — — — —
Real Estate Tax Expense $20.2m $23.6m $18.7m $21.1m $21.5m $24.1m $28.6m $28.8m $26.9m $28.6m
Realized Investment Gains (Losses) — — — — $25.5m — — — — —
Unrealized Gain (Loss) on Investments — — — — — — ($41k) — $577k $507k
Beginning Cash Position — — — — — — $38.6m $11.9m $9.3m $13.1m
Cash Flow From Continuing Financing Activities — — — — — — $41.4m ($212.4m) ($43.7m) ($69.1m)
Cash Flow From Continuing Investing Activities — — — — — — ($160.1m) $120.2m ($50.7m) ($26.9m)
Change In Other Current Assets — — — — — — ($645k) ($760k) ($4.9m) ($5.6m)
Change In Payables And Accrued Expense — — — — — — $650k ($2.1m) $1.4m $245k
Change In Working Capital — — — — — — $5k ($2.9m) ($3.5m) ($5.4m)
Changes In Cash — — — — — — ($26.7m) ($2.6m) $3.9m $2.5m
End Cash Position — — — — — — $11.9m $9.3m $13.1m $15.7m
Financing Cash Flow — — — — — — $41.4m ($212.4m) ($43.7m) ($69.1m)
Free Cash Flow — — — — — — $92.0m $89.5m $98.2m $98.5m
Gain Loss On Investment Securities — — — — — — ($159k) ($70.3m) $1.3m ($79.1m)
Investing Cash Flow — — — — — — ($160.1m) $120.2m ($50.7m) ($26.9m)
Issuance Of Capital Stock — — — — — $156.0m $31.4m $0 $112.1m —
Net Preferred Stock Issuance — — — — — — $0 $0 ($97.0m) ($10.6m)
Operating Gains Losses — — — — — — ($159k) ($70.3m) $1.3m ($79.0m)
Other Non Cash Items — — — — — — ($392k) $1.7m $1.8m $923k
Preferred Stock Payments — — — — — — $0 $0 ($97.0m) ($10.6m)
Provisionand Write Offof Assets — — — — — — $1.4m $340k $945k $1.2m
Repurchase Of Capital Stock — — — — — — ($33.2m) ($11.5m) ($101.7m) ($14.4m)
Stock Based Compensation — — — — — — $2.6m $3.3m $3.0m $3.4m
Unrealized Gain Loss On Investment Securities — — — — — $0 $0 — — —
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax $33.4m $74.8m $183.7m $97.6m $25.5m $27.5m — — — —
Net Cash Provided by (Used in) Operating Activities $66.5m $73.9m $55.2m $69.6m $61.2m $84.0m $92.0m $89.5m $98.2m $98.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — — — — — — $122k $0 — —
Net Investment Properties Purchase And Sale — — — — — — ($161.2m) $122.2m ($39.4m) ($28.2m)
Net Investment Purchase And Sale — — — — — $0 $0 — — —
Purchase Of Investment Properties — — — — — — ($161.2m) ($101.1m) ($57.7m) ($240.4m)
Gain (Loss) on Sale of Investments — — — — ($25.5m) $27.5m $41k $71.2m ($577k) $79.5m
Gains (Losses) on Sales of Investment Real Estate — — — — — — $41k $71.2m ($577k) $79.5m
Sale Of Investment — — — — — $0 $0 — — —
Sale Of Investment Properties — — — — — — $41k $223.3m $18.3m $212.2m
Payments for (Proceeds from) Other Investing Activities ($279k) ($50k) $0 ($366k) ($1.5m) $502k ($1.2m) $420k ($325k) ($116k)
Net Other Investing Changes — — — — — — $1.1m ($2.0m) ($11.3m) $1.3m
Net Cash Provided by (Used in) Investing Activities $134.3m $202.3m $80.1m $7.0m ($165.0m) ($267.2m) ($160.1m) $120.2m ($50.7m) ($26.9m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $143.6m $84.2m $0 $59.9m $0 $196.7m $0 $90.0m — —
Issuance Of Debt — — — — — — $291.4m $225.1m $130.5m $455.2m
Long Term Debt Issuance — — — — — $371.3m $291.4m $225.1m $130.5m —
Net Issuance Payments Of Debt — — — — — — $108.1m ($140.2m) $6.5m $10.8m
Net Long Term Debt Issuance — — — — — — $108.1m ($140.2m) $6.5m $10.8m
Net Short Term Debt Issuance — — — — — ($76.9m) $37.5m ($83.5m) — —
Short Term Debt Issuance — — — — — $258.6m $191.9m $135.1m — —
Repayments of Long-term Debt $234.9m $295.1m $205.2m $177.7m $33.4m $36.3m $29.0m $46.7m $10.9m $96.8m
Long Term Debt Payments — — — — — — ($183.3m) ($365.4m) ($124.0m) ($444.4m)
Repayment Of Debt — — — — — — ($183.3m) ($365.4m) ($124.0m) ($444.4m)
Short Term Debt Payments — — — — — ($335.5m) ($154.4m) ($218.6m) — —
Proceeds from Issuance of Common Stock — — $0 $22.0m $58.9m $156.0m $31.4m $0 $112.1m $331k
Common Stock Issuance — — — — — $156.0m $31.4m $0 $112.1m —
Net Common Stock Issuance — — — — — — ($1.8m) ($11.5m) $107.4m ($3.8m)
Payments for Repurchase of Common Stock $35.0m $4.5m $9.9m $18.0m $0 $0 $29.1m $11.5m $4.7m $3.5m
Payments of Ordinary Dividends, Common Stock $60.1m $55.9m $33.7m $32.9m $35.0m $38.5m $44.5m $43.7m $45.8m $51.1m
Common Stock Payments — — — — — — ($33.2m) ($11.5m) ($4.7m) ($3.8m)
Proceeds from Noncontrolling Interests $1.1m $9.7m $0 $0 — — — — — $1.4m
Dividends Payable — — — $9.2m — $11.4m $11.6m $11.6m $13.2m $13.6m
Cash Dividends Paid — — — — — — ($51.5m) ($50.8m) ($51.2m) ($51.6m)
Common Stock Dividend Paid — — — — — — ($44.5m) ($43.7m) ($45.8m) ($51.1m)
Preferred Stock Dividend Paid — — — — — — ($7.1m) ($7.1m) ($5.5m) ($486k)
Proceeds from (Payments for) Other Financing Activities — — ($7.9m) ($34k) ($164k) ($367k) ($404k) ($185k) ($137k) ($541k)
Net Other Financing Charges — — — — — — ($13.4m) ($9.8m) ($9.2m) ($13.9m)
Net Cash Provided by (Used in) Financing Activities ($183.0m) ($314.1m) ($176.0m) ($49.8m) $64.9m $214.5m $41.4m ($212.4m) ($43.7m) ($69.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($40.7m) $26.9m ($38.8m) $31.3m ($26.7m) ($2.6m) $3.9m $2.5m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $16.1m $46.1m $7.3m $38.6m $11.9m $9.3m $13.1m $15.7m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($26.7m) ($2.6m) $3.9m $2.5m
Interest Paid, Excluding Capitalized Interest, Operating Activities $39.7m $34.4m $35.8m $28.7m $26.1m $26.5m $31.3m $34.2m $33.5m $40.7m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.