Centerspace Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	273.66	260.98	261.31	256.72	201.71
Total Revenue	273.66	260.98	261.31	256.72	201.71
Revenue Growth (YoY	4.86%	-0.13%	1.79%	27.27%	13.32%
Property Expenses	112.91	109.07	111.97	115.33	88.11
Selling, General & Administrative	23.92	20.37	20.04	20.72	18.71
Depreciation & Amortization	113.23	106.45	101.68	105.26	92.17
Total Operating Expenses	250.06	235.89	233.68	241.31	198.99
Operating Income	23.6	25.1	27.63	15.41	2.72
Interest Expense	-44.88	-37.28	-36.43	-32.75	-31.99
Interest & Investment Income	2.25	1.55	1.21	1.25	-
Other Non-Operating Income	1.13	1.04	-	-	-
EBT Excluding Unusual Items	-17.91	-9.59	-7.59	-16.09	-29.28
Gain (Loss) on Sale of Assets	79.47	-0.58	71.24	0.04	27.52
Asset Writedown	-37.72	-	-5.22	-	-
Total Legal Settlements	-	-	-3.86	-	-
Other Unusual Items	-0.88	-4.02	-5.34	-1.59	-0.34
Pretax Income	22.96	-14.19	49.23	-17.64	-2.1
Earnings From Continuing Operations	22.96	-14.19	49.23	-17.64	-2.1
Net Income to Company	22.96	-14.19	49.23	-17.64	-2.1
Minority Interest in Earnings	-5.38	3.5	-7.27	4.17	2.71
Net Income	17.59	-10.69	41.97	-13.47	0.61
Preferred Dividends & Other Adjustments	0.49	8.97	7.07	7.07	7.07
Net Income to Common	17.1	-19.66	34.9	-20.54	-6.46
Net Income Growth	-	-	-	-	-87.98%
Basic Shares Outstanding	17	16	15	15	14
Diluted Shares Outstanding	17	16	17	15	14
Shares Change (YoY)	8.20%	-9.43%	12.50%	10.24%	9.86%
EPS (Basic)	1.02	-1.27	2.33	-1.35	-0.47
EPS (Diluted)	1.02	-1.27	2.32	-1.35	-0.47
Dividend Per Share	3.080	3.000	2.920	2.920	2.840
Dividend Growth	2.67%	2.74%	-	2.82%	1.43%
Operating Margin	8.63%	9.62%	10.57%	6.00%	1.35%
Profit Margin	6.25%	-7.53%	13.36%	-8.00%	-3.20%
EBITDA	138.25	132.74	130.8	120.67	95.83
EBITDA Margin	50.52%	50.86%	50.06%	47.00%	47.51%
D&A For Ebitda	114.64	107.65	103.17	105.26	93.11
EBIT	23.6	25.1	27.63	15.41	2.72
EBIT Margin	8.62%	9.62%	10.57%	6.00%	1.35%
Funds From Operations (FFO)	93.37	83.31	-	-	-
FFO Per Share	4.74	4.49	-	-	-
Adjusted Funds From Operations (AFFO)	93.37	83.31	-	-	-
AFFO Per Share	4.71	4.46	-	-	-
FFO Payout Ratio	54.70%	54.96%	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q