← CENTERSPACE

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $536.7m $205.7m $169.7m $185.8m $178.0m $201.7m $256.7m $261.3m $261.0m $273.7m
Cost of Revenue $485.9m $154.3m $127.3m $159.9m $5.8m $8.8m $9.9m $9.4m $9.1m $9.6m
Gross Profit (Calculated) (derived) $50.8m $51.4m $42.4m $25.9m $172.2m $193.0m $246.8m $252.0m $251.9m $264.0m
Operating expenses:
Operating Income (Loss) $39.5m ($13.8m) ($23.7m) $11.4m $8.3m $29.9m $13.9m $84.5m $20.5m $64.5m
Additional Financial Items
Amortization of Intangible Assets — — — — — $13.5m $12.3m $2.6m $2.8m $8.3m
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
Gains (Losses) on Sales of Investment Real Estate — — — — — — $41k $71.2m ($577k) $79.5m
Goodwill, Impairment Loss $0 $0 — — — — — — — —
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
Interest and Other Income $2.6m $1.2m $1.5m $2.1m $1.6m $2.4m $1.2m $1.2m $2.6m $3.4m
Preferred Stock Dividends, Income Statement Impact — — — $537k — — — — — —
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
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) Attributable to Noncontrolling Interest ($2.4m) — — $6.8m $212k $2.8m $4.3m $7.1m $3.6m $3.0m
Earnings Per Share, Basic — — $8.71 $6.06 ($0.15) ($0.47) ($1.35) $2.33 ($1.27) $1.02
Earnings Per Share, Diluted $0.49 $0.26 $8.71 $6.00 ($0.15) ($0.47) ($1.35) $2.32 ($1.27) $1.02
Common Stock, Dividends, Per Share, Declared — — $8.71 $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
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
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
General and Administrative Expense $11.3m $12.1m $14.2m $14.4m $13.4m $16.2m $17.5m $20.1m $17.8m $20.9m
Other Nonoperating Income (Expense) $317k $807k $311k — — — — — — —
Interest Expense (non-operating) — — — — — — — — $37.3m $44.9m
Business Combination, Acquisition Related Costs $830k $3.3m $51k $0 — — — — — —
Cost of Property Repairs and Maintenance — — — — — — — — $15.4m $15.3m
Interest Expense $35.8m $41.1m $34.2m $30.5m $27.5m $29.1m $32.8m $36.4m $37.3m $44.9m
Other General Expense $2.2m $3.8m — — — — — — — —
Real Estate Tax Expense $20.2m $23.6m $18.7m $21.1m $21.5m $24.1m $28.6m $28.8m $26.9m $28.6m

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