CENTERSPACE
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $17.1M | $-11.3M | $41.3M | $-14.1M | $-29.0K | $4.4M | $78.7M | $116.8M |
| Depreciation & Amortization | $114.6M | $107.6M | $103.2M | $106.2M | $93.1M | $76.6M | $75.4M | $83.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $8.3M | $2.8M | $2.6M | $12.3M | $13.5M | $3.1M | $2.0M | — |
| Stock-Based Compensation | $3.4M | $3.0M | $3.3M | $2.6M | $2.7M | $2.1M | $1.9M | $1.6M |
| Net Cash from Operating Activities | $98.5M | $98.2M | $89.5M | $92.0M | $84.0M | $61.2M | $69.6M | $55.2M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | $0 | $122.0K | $1.3M | $1.7M | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-26.9M | $-50.7M | $120.2M | $-160.1M | $-267.2M | $-165.0M | $7.0M | $80.1M |
| Financing Activities | ||||||||
| Dividends Paid | $51.1M | $45.8M | $43.7M | $44.5M | $38.5M | $35.0M | $32.9M | $33.7M |
| Stock Repurchases | $3.5M | $4.7M | $11.5M | $29.1M | $0 | $0 | $18.0M | $9.9M |
| Net Cash from Financing Activities | $-69.1M | $-43.7M | $-212.4M | $41.4M | $214.5M | $64.9M | $-49.8M | $-176.0M |
| Net Change in Cash | $2.5M | $3.9M | $-2.6M | $-26.7M | $31.3M | $-38.8M | $26.9M | $0 |
| Free Cash Flow | — | — | $89.5M | $91.9M | $82.8M | $59.6M | — | — |