Centerspace
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $273.7M | $261.0M | $261.3M | $256.7M | $201.7M | $178.0M | $185.8M | $121.9M |
| Cost of Revenue | $9.6M | $9.1M | $9.4M | $9.9M | $8.8M | $5.8M | $6.2M | $5.5M |
| Gross Profit | $264.0M | $251.9M | $252.0M | $246.8M | $193.0M | $172.2M | $179.6M | $116.3M |
| Gross Margin | 96.5% | 96.5% | 96.4% | 96.1% | 95.7% | 96.7% | 96.7% | 95.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $20.9M | $17.8M | $20.1M | $17.5M | $16.2M | $13.4M | $14.5M | $14.3M |
| Operating Income | $64.5M | $20.5M | $84.5M | $13.9M | $29.9M | $33.8M | $109.0M | $-23.7M |
| Operating Margin | 23.6% | 7.8% | 32.3% | 5.4% | 14.8% | 19.0% | 58.7% | -19.5% |
| Interest Expense | — | — | $36.4M | $32.8M | $29.1M | $27.5M | $30.5M | $34.2M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $17.1M | $-11.3M | $41.3M | $-14.1M | $-29.0K | $4.4M | $78.7M | $116.8M |
| Net Margin | 6.2% | -4.3% | 15.8% | -5.5% | 0.0% | 2.5% | 42.4% | 95.8% |
| EPS (Basic) | $1.02 | $-1.27 | $2.33 | $-1.35 | $-0.47 | $-0.15 | $6.06 | $8.71 |
| EPS (Diluted) | $1.02 | $-1.27 | $2.32 | $-1.35 | $-0.47 | $-0.15 | $6.00 | $8.71 |
| Shares Outstanding (Basic) | 16.7M | 15.5M | 15.0M | 15.2M | 13.8M | 12.6M | 11.7M | 12.0M |
| Shares Outstanding (Diluted) | 16.8M | 15.5M | 17.1M | 15.2M | 13.8M | 12.6M | 13.2M | 13.5M |
| Dividends Per Share | $3.08 | $3.00 | $2.92 | $2.92 | $2.84 | $2.80 | $2.80 | $2.80 |