STERLING REAL ESTATE TRUST Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4340 18TH AVE SOUTH FARGO, ND 58103 |
| State of Incorp. | ND |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 26,919 | 3,257 | 51,507 | 11,716 | 9,002 | 21,212 | |||
| Cash and cash equivalents | 26,919 | 3,257 | 51,507 | 11,716 | 9,002 | 21,212 | |||
| Total current assets: | 26,919 | 3,257 | 51,507 | 11,716 | 9,002 | 21,212 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 127,204 | 129,682 | 125,338 | 119,088 | 114,666 | 114,027 | |||
| Long-term investments and receivables | 26,601 | 29,423 | 18,658 | 9,659 | 7,915 | 2,691 | |||
| Long-term investments | 26,601 | 29,423 | 18,658 | 9,659 | 7,915 | 2,691 | |||
| Intangible assets, net (including goodwill) | 2,983 | 5,290 | 6,246 | 7,367 | 9,133 | 10,976 | |||
| Intangible assets, net (excluding goodwill) | 2,983 | 5,290 | 6,246 | 7,367 | 9,133 | 10,976 | |||
| Total noncurrent assets: | 156,788 | 164,395 | 150,242 | 136,114 | 131,714 | 127,694 | |||
| Other undisclosed assets | 671,126 | 721,071 | 619,117 | 595,199 | 558,970 | 565,561 | |||
| TOTAL ASSETS: | 854,833 | 888,723 | 820,866 | 743,029 | 699,686 | 714,467 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 470 | 646 | 811 | 994 | 1,207 | (153) | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (1,621) | ||
| Off-market lease, unfavorable | 470 | 646 | 811 | 994 | 1,207 | 1,468 | |||
| Total noncurrent liabilities: | 470 | 646 | 811 | 994 | 1,207 | (153) | |||
| Other undisclosed liabilities | 553,043 | 564,611 | 524,538 | 450,507 | 419,432 | 430,869 | |||
| Total liabilities: | 553,513 | 565,257 | 525,349 | 451,501 | 420,639 | 430,716 | |||
| Equity | |||||||||
| Equity, attributable to parent | 11,362 | 13,782 | (950) | (1,805) | 37 | (30) | |||
| Accumulated other comprehensive income (loss) | 11,362 | 13,782 | (950) | (1,805) | 37 | (30) | |||
| Equity, attributable to noncontrolling interest | 163,308 | 183,048 | 176,954 | 181,621 | 174,221 | 183,360 | |||
| Other undisclosed equity | 126,650 | 126,636 | 119,513 | 111,712 | 104,789 | 100,421 | |||
| Total equity: | 301,320 | 323,466 | 295,517 | 291,528 | 279,047 | 283,751 | |||
| TOTAL LIABILITIES AND EQUITY: | 854,833 | 888,723 | 820,866 | 743,029 | 699,686 | 714,467 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 143,631 | 135,060 | 129,324 | 124,616 | 120,339 | 117,231 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 111,113 | |
| Operating lease, lease income | 137,478 | 129,898 | 124,197 | 120,337 | ✕ | |||
| Cost of revenue | (21,435) | (19,994) | (18,142) | (17,097) | (18,282) | (97,242) | ||
| Financing interest expense | (21,435) | (19,994) | (18,142) | (17,097) | (18,282) | |||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (18,329) | |
| Gross profit: | 122,196 | 115,066 | 111,182 | 107,519 | 102,057 | 19,989 | ||
| Operating expenses | (135,918) | (121,058) | (109,495) | (102,097) | (104,825) | (4,100) | ||
| Other undisclosed operating income | 18,832 | 19,433 | 18,142 | 17,097 | 18,282 | |||
| Operating income: | 5,110 | 13,441 | 19,829 | 22,519 | 15,514 | 15,889 | ||
| Nonoperating income | 2,214 | 1,293 | 2,147 | 455 | 301 | 273 | ||
| Other nonoperating income | 2,214 | 1,293 | 1,935 | 455 | 301 | 273 | ||
| Interest and debt expense | (634) | (636) | (708) | |||||
| Income from continuing operations before equity method investments, income taxes: | 7,324 | 14,734 | 21,976 | 22,340 | 15,179 | 15,454 | ||
| Income (loss) from equity method investments | (2,959) | (2,339) | (261) | 263 | 759 | 634 | ||
| Other undisclosed income from continuing operations before income taxes | 3,291 | |||||||
| Income from continuing operations: | 7,656 | 12,395 | 21,715 | 22,603 | 15,938 | 16,088 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 21,715 | 22,603 | 15,938 | 16,088 | |
| Other undisclosed net income | 12,137 | 2,723 | 4,377 | 121 | 5,890 | |||
| Net income: | 7,656 | 24,532 | 24,438 | 26,980 | 16,059 | 21,978 | ||
| Other undisclosed net loss attributable to parent | (4,763) | (15,611) | (15,644) | (17,575) | (10,525) | (14,604) | ||
| Net income available to common stockholders, diluted: | 2,893 | 8,921 | 8,794 | 9,405 | 5,534 | 7,374 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 7,656 | 24,532 | 24,438 | 26,980 | 16,059 | 21,978 | ||
| Other undisclosed comprehensive income (loss) | (2,420) | 14,732 | 855 | (1,842) | 67 | 35 | ||
| Comprehensive income: | 5,236 | 39,264 | 25,293 | 25,138 | 16,126 | 22,013 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (3,247) | (24,989) | (16,193) | (16,373) | (10,569) | (14,628) | ||
| Comprehensive income, net of tax, attributable to parent: | 1,989 | 14,275 | 9,100 | 8,765 | 5,557 | 7,385 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.