Centerspace (CSR)

Centerspace Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	273.45	260.98	261.31	256.72	201.71	177.99
Total Revenue	273.45	260.98	261.31	256.72	201.71	177.99
Revenue Growth (YoY	5.73%	-0.13%	1.79%	27.27%	13.32%	-4.18%
Property Expenses	114.51	109.07	111.97	115.33	88.11	78.96
Selling, General & Administrative	22.3	21.07	19.63	20.72	18.71	13.44
Depreciation & Amortization	111.45	106.45	101.68	105.26	92.17	75.59
Total Operating Expenses	248.26	236.59	233.27	241.31	198.99	167.99
Operating Income	25.19	24.4	28.04	15.41	2.72	10
Interest Expense	-43.14	-37.28	-36.43	-32.75	-31.99	-29.1
Interest & Investment Income	2.21	1.55	0.27	1.25	-	-
Other Non-Operating Income	1.54	1.04	0.92	-	-	-
EBT Excluding Unusual Items	-14.21	-10.29	-7.21	-16.09	-29.28	-19.1
Gain (Loss) on Sale of Assets	79.53	-0.58	71.24	0.04	27.52	25.5
Asset Writedown	-23.22	-	-5.22	-	-	-
Total Legal Settlements	-0.04	-0.04	-4.27	-	-	-
Other Unusual Items	-3.41	-3.28	-5.32	-1.59	-0.34	-1.66
Pretax Income	38.66	-14.19	49.23	-17.64	-2.1	4.74
Earnings From Continuing Operations	38.66	-14.19	49.23	-17.64	-2.1	4.74
Net Income to Company	38.66	-14.19	49.23	-17.64	-2.1	4.74
Minority Interest in Earnings	-7.61	3.5	-7.27	4.17	2.71	0.34
Net Income	31.04	-10.69	41.97	-13.47	0.61	5.08
Preferred Dividends & Other Adjustments	0.59	8.97	7.07	7.07	7.07	6.87
Net Income to Common	30.46	-19.66	34.9	-20.54	-6.46	-1.79
Net Income Growth	-	-	-	-	-87.98%	-93.58%
Basic Shares Outstanding	17	16	15	15	14	13
Diluted Shares Outstanding	19	16	17	15	14	13
Shares Change (YoY)	25.90%	-9.43%	12.50%	10.24%	9.86%	-4.69%
EPS (Basic)	1.82	-1.27	2.33	-1.35	-0.47	-0.14
EPS (Diluted)	1.82	-1.27	2.32	-1.35	-0.47	-0.14
Dividend Per Share	3.060	3.000	2.920	2.920	2.840	2.800
Dividend Growth	2.69%	2.74%	-	2.82%	1.43%	-
Operating Margin	9.21%	9.35%	10.73%	6.00%	1.35%	5.62%
Profit Margin	11.14%	-7.53%	13.36%	-8.00%	-3.20%	-1.01%
EBITDA	136.64	130.85	129.71	120.67	95.83	86.6
EBITDA Margin	49.97%	50.14%	49.64%	47.00%	47.51%	48.65%
D&A For Ebitda	111.45	106.45	101.68	105.26	93.11	76.6
EBIT	25.19	24.4	28.04	15.41	2.72	10
EBIT Margin	9.21%	9.35%	10.73%	6.00%	1.35%	5.62%
Funds From Operations (FFO)	92.61	83.31	77.29	-	-	-
FFO Per Share	4.70	4.49	4.27	-	-	-
Adjusted Funds From Operations (AFFO)	-	83.31	77.29	-	-	-
AFFO Per Share	-	4.46	4.23	-	-	-
FFO Payout Ratio	54.67%	54.96%	56.59%	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q