Centerspace income statement
In fiscal 2025, Centerspace reported revenue of $274m, up 4.9% on the year before, operating income of $64.5m (a 23.6% margin) and net income of $17.1m, or $1.02 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Apr 2012 | 2013Apr 2013 | 2014Apr 2014 | 2015Apr 2015 | 2016Apr 2016 | 2017Apr 2017 | 2018Apr 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 26 | 81 | 89 | 146 | 160 | 170 | 186 | 178 | 202 | 257 | 261 | 261 | 274 | 257 |
| Cost of revenue | — | — | — | — | — | — | 6 | 6 | 6 | 9 | 10 | 9 | 9 | 10 | 9 |
| Gross profit | — | — | — | — | — | — | 164 | 180 | 172 | 193 | 247 | 252 | 252 | 264 | 248 |
| General and administrative | 7 | 8 | 11 | 12 | 13 | 16 | 14 | 14 | 13 | 16 | 18 | 20 | 18 | 21 | 24 |
| Operating income | 70 | 81 | 38 | 45 | 24 | −30 | −24 | 109 | 34 | 30 | 14 | 84 | 20 | 65 | 144 |
| Interest expense | 62 | 61 | 34 | 34 | 28 | 34 | 34 | 31 | 28 | 29 | 33 | 36 | 37 | 45 | 41 |
| Net income | 8 | 26 | −13 | 24 | 72 | 43 | 117 | 79 | 4 | −0 | −14 | 41 | −11 | 17 | 91 |
| Diluted EPS | $0.70 | $1.70 | −$2.30 | $1.10 | $49.10 | $2.58 | $8.71 | $6.00 | −$0.15 | −$0.47 | −$1.35 | $2.32 | −$1.27 | $1.02 | $5.66 |
| Diluted shares (average) | 10m | 11m | 13m | 13m | 14m | 14m | 13m | 13m | 13m | 14m | 15m | 17m | 16m | 17m | 16m |
| EBITDA | 132 | 149 | 80 | 89 | 65 | 16 | 60 | 184 | 110 | 123 | 120 | 188 | 128 | 179 | 249 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 66 | 67 | 69 | 71 | 67 | 65 | 66 | 60 |
| Cost of revenue | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Gross profit | 64 | 65 | 66 | 69 | 64 | 63 | 64 | 58 |
| General and administrative | 5 | 5 | 4 | 5 | 7 | 6 | 6 | 5 |
| Operating income | 3 | 5 | −7 | 77 | −11 | −5 | 9 | 151 |
| Interest expense | 10 | 10 | 11 | 13 | 12 | 10 | 11 | 8 |
| Net income | −5 | −4 | −15 | 54 | −18 | −13 | −1 | 123 |
| Diluted EPS | −$0.31 | −$0.22 | −$0.87 | $3.19 | −$1.10 | −$0.77 | −$0.07 | $7.28 |
| EBITDA | 31 | 33 | 20 | 106 | 19 | 21 | 34 | 175 |
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