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Centerspace CSR Impairment Of Real Estate
Impairment Of Real Estate at other companies
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Where this comes from
Reported directly by Centerspace in its filing.
Tagged under the XBRL concept us-gaap:ImpairmentOfRealEstate.
The source filing: Centerspace’s 10-Q, filed May 4, 2026.
- Filed
- May 4, 2026, 4:16 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000798359-26-000038
| Line item | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Property management expense | 2,379 | 2,433 |
| Casualty loss, net of recoveries | (21) | 532 |
| Depreciation and amortization | 26,498 | 27,654 |
| Impairment of real estate investments | 9,700 | — |
| General and administrative expenses | 6,332 | 4,997 |
| TOTAL EXPENSES | $70,462 | $62,347 |
| Operating income (loss) | (5,393) | 4,746 |
| Interest expense | (10,470) | (9,635) |
Item 1. Financial Statements - First Quarter - 2026
FAQ
- What is Centerspace's impairment of real estate?
- Centerspace (CSR) reported impairment of real estate of $9.7M in Q1 2026.
- What does impairment of real estate mean?
- This represents a non-cash charge taken when the carrying value of a real estate asset exceeds its estimated fair market value. It indicates a decline in the long-term economic value of specific properties within the portfolio. Investors monitor this to identify potential issues with asset quality, market demand, or overvaluation of the real estate holdings.
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