CENTERSPACE (CSRPC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3100 10TH ST SW MINOT, ND 58702-1988 |
| 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 | 4/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,630 | 10,458 | 31,267 | 392 | 26,579 | 11,891 | |||
| Cash and cash equivalents | 8,630 | 10,458 | 31,267 | 392 | 26,579 | 11,891 | |||
| Total current assets: | 8,630 | 10,458 | 31,267 | 392 | 26,579 | 11,891 | |||
| Noncurrent Assets | |||||||||
| Inventory, real estate | 1,376 | ||||||||
| Property, plant and equipment | 2,798 | 3,120 | 3,370 | 2,674 | 1,277 | 820 | |||
| Long-term investments and receivables | 4,225 | ||||||||
| Long-term investments | 4,225 | ||||||||
| Intangible assets, net (including goodwill) | 3,214 | 2,978 | 8,236 | 2,136 | 2,298 | 3,022 | |||
| Goodwill | 491 | 866 | 866 | 986 | 1,086 | 1,553 | |||
| Intangible assets, net (excluding goodwill) | 2,723 | 2,112 | 7,370 | 1,150 | 1,212 | 1,469 | |||
| Estimated insurance recoveries | 1,900 | ||||||||
| Total noncurrent assets: | 7,912 | 6,098 | 11,606 | 4,810 | 4,951 | 8,067 | |||
| Other undisclosed assets | 1,909,819 | 2,016,745 | 1,897,188 | 1,458,981 | 1,360,888 | 1,406,700 | |||
| TOTAL ASSETS: | 1,926,361 | 2,033,301 | 1,940,061 | 1,464,183 | 1,392,418 | 1,426,658 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 978,776 | 1,066,445 | 918,450 | 774,800 | 695,956 | 732,451 | |||
| Total liabilities: | 978,776 | 1,066,445 | 918,450 | 774,800 | 695,956 | 732,451 | |||
| Temporary equity, carrying amount | 16,560 | 16,560 | 25,331 | 16,560 | 6,708 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 709,832 | 729,537 | 772,032 | 618,207 | 619,053 | 613,409 | |||
| Preferred stock | 93,530 | 93,530 | 93,530 | 99,456 | |||||
| Common stock | 1,165,694 | 1,177,484 | 1,157,255 | 968,263 | 917,400 | 907,843 | |||
| Accumulated other comprehensive income (loss) | (1,119) | (2,055) | (4,435) | (15,905) | (7,607) | 1,779 | |||
| Accumulated deficit | (548,273) | (539,422) | (474,318) | (427,681) | (390,196) | (395,669) | |||
| Other undisclosed equity, attributable to parent | 93,530 | 99,456 | |||||||
| Equity, attributable to noncontrolling interest | 649 | 648 | 54,616 | 60,849 | 74,090 | ||||
| Other undisclosed equity | 220,544 | 220,759 | 223,600 | ||||||
| Total equity: | 931,025 | 950,296 | 996,280 | 672,823 | 679,902 | 687,499 | |||
| Other undisclosed liabilities and equity | 16,560 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 1,926,361 | 2,033,301 | 1,940,061 | 1,464,183 | 1,392,418 | 1,426,658 | |||
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 | 4/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 261,309 | 256,716 | 201,705 | 177,994 | 185,755 | 169,745 | ||
| Cost of revenue | (118,614) | (120,123) | (90,953) | (83,988) | (92,203) | (51) | ||
| Cost of goods and services sold | (9,353) | (9,895) | (8,752) | (5,801) | (51) | |||
| Gross profit: | 142,695 | 136,593 | 110,752 | 94,006 | 93,552 | 169,694 | ||
| Operating expenses | (125,622) | (122,773) | (108,378) | (85,666) | (82,135) | |||
| Other undisclosed operating income (loss) | 67,380 | 41 | 27,518 | |||||
| Operating income: | 84,453 | 13,861 | 29,892 | 8,340 | 11,417 | 169,694 | ||
| Interest and debt expense | (36,429) | (32,750) | (29,613) | (27,548) | (32,897) | (34,178) | ||
| Income (loss) from continuing operations before income taxes: | 48,024 | (18,889) | 279 | (19,208) | (21,480) | 135,516 | ||
| Other undisclosed income (loss) from continuing operations | 23,951 | 106,302 | (172,710) | |||||
| Income (loss) from continuing operations: | 48,024 | (18,889) | 279 | 4,743 | 84,822 | (37,194) | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 279 | 4,743 | 84,822 | 127,629 | |
| Income from discontinued operations | 164,823 | |||||||
| Other undisclosed net income (loss) | 1,207 | 1,248 | (2,380) | |||||
| Net income (loss): | 49,231 | (17,641) | (2,101) | 4,743 | 84,822 | 127,629 | ||
| Net income (loss) attributable to noncontrolling interest | (125) | (127) | (94) | 338 | (5,616) | (10,841) | ||
| Other undisclosed net income (loss) attributable to parent | (7,781) | 3,659 | 2,166 | (640) | (537) | |||
| Net income (loss) attributable to parent: | 41,325 | (14,109) | (29) | 4,441 | 78,669 | 116,788 | ||
| Preferred stock dividends and other adjustments | 297 | (3,657) | ||||||
| Other undisclosed net loss available to common stockholders, basic | (6,428) | (6,428) | (6,428) | (6,528) | (6,821) | (8,569) | ||
| Net income (loss) available to common stockholders, basic: | 34,897 | (20,537) | (6,457) | (1,790) | 71,848 | 104,562 | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | 4,877 | (3,659) | (2,166) | 428 | 7,289 | 12,702 | ||
| Net income (loss) available to common stockholders, diluted: | 39,774 | (24,196) | (8,623) | (1,362) | 79,137 | 117,264 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 4/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 49,231 | (17,641) | (2,101) | 4,743 | 84,822 | 127,629 | ||
| Other comprehensive income (loss) | 11,470 | (8,298) | (6,751) | 1,779 | ||||
| Other undisclosed comprehensive income | 936 | 2,380 | ||||||
| Comprehensive income (loss): | 50,167 | (15,261) | 9,369 | (3,555) | 78,071 | 129,408 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (7,110) | 4,581 | 4,313 | 1,008 | (4,922) | (11,027) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 43,057 | (10,680) | 13,682 | (2,547) | 73,149 | 118,381 | ||
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.