Centerspace balance sheet CSR

Annual Quarterly

As of Sep 30, 2026, Centerspace had total assets of $1.8 billion and total liabilities of $866.7 million. Total assets were down 14.5% from a year earlier. Stockholders' equity was $792.8 million. It held $116.2 million in cash and investments against $812.6 million of total debt, net debt of $696.4 million.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2018 Apr 30, 2018	FY 2017 Apr 30, 2017
Assets
Cash	116 +801.3%	13 +6.7%	12 +39.4%	9 -17.5%	10 -66.6%	31 +7876.3%	0 -98.5%	27 +123.5%	14 -52.1%	12 -58.7%	29 -56.8%
Cash and investments	116 +801.3%	13 +6.7%	12 +39.4%	9 -17.5%	10 -66.6%	31 +7876.3%	0 -98.8%	34 +182.9%	14 -52.1%	12 -58.7%	29 -56.8%
Property and equipment, net	—	1 -79.3%	3 -9.1%	3 -10.3%	3 -7.4%	3 +26.0%	3 +109.4%	1 +55.7%	1 -23.9%	1 -9.0%	1 -10.9%
Goodwill	—	0 -35.6%	0 +0.0%	0 -43.3%	1 +0.0%	1 -12.2%	1 -9.2%	1 -30.1%	2 -1.7%	2 -1.2%	2 -6.4%
Total assets	1,794 -14.5%	1,926 +0.7%	1,914 -0.7%	1,926 -5.3%	2,033 +4.8%	1,940 +32.5%	1,464 +5.2%	1,392 -2.4%	1,336 -9.4%	1,427 -3.2%	1,475 -16.0%
Liabilities and equity
Total liabilities	867 -28.4%	1,080 +6.5%	1,015 +3.7%	979 -8.2%	1,066 +16.1%	918 +18.5%	775 +11.3%	696 -5.0%	687 -17.4%	732 -11.9%	831 -19.2%
Stockholders' equity	793 +5.9%	719 -4.4%	752 +5.9%	710 -2.7%	730 -5.5%	772 +24.9%	618 -0.1%	619 +2.2%	569 +2.7%	606 +9.4%	554 -10.5%
Debt
Long-term debt	813 -29.0%	1,021 +6.9%	955 +4.3%	916 -9.5%	1,012 +17.7%	860	—	—	444 -21.5%	510 -9.9%	566 -30.3%
Total debt	813 -29.0%	1,021 +6.9%	955 +4.3%	916 -9.5%	1,012 +17.7%	860	—	—	444 -21.5%	510 -9.9%	566 -30.3%
Net cash	-696 +38.4%	-1,008 -6.9%	-943 -4.0%	-907 +9.4%	-1,001 -20.9%	-829	—	—	-430 +19.9%	-498 +7.3%	-537 +28.0%
Ratios
Debt to equity	1.03x	1.42x	1.27x	1.29x	1.39x	1.11x	—	—	0.78x	0.84x	1.02x
Debt to EBITDA	3.25x	5.70x	7.46x	4.88x	8.43x	6.99x	—	—	7.46x	8.56x	35.32x
Return on equity	11.48%	2.38%	-1.51%	5.82%	-1.93%	-0.00%	0.72%	12.71%	20.53%	19.28%	7.83%
Return on assets	5.07%	0.89%	-0.59%	2.15%	-0.69%	-0.00%	0.30%	5.65%	8.74%	8.19%	2.94%
Book value per share	47.12	42.91	44.98	47.44	48.57	51.41	47.46	51.17	47.01	50.67	45.69

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry: Real Estate Investment Trusts (SIC 6798)
Listed as: CSR (NYSE)
Fiscal year ends: December 31
Incorporated in: ND
Headquarters: Minot, ND
SEC filer status: Large accelerated filer
SEC CIK: 798359
Former names: INVESTORS REAL ESTATE TRUST (until Jun 8, 2021)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.