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Centerspace CSR Noncontrolling interests in subsidiaries

Noncontrolling interests in subsidiaries at other companies

UDR logo
UDRUDR
$336K+0.3%
Equity Residential logo
Equity ResidentialEQR
$181.66M-9.3%
Camden Property Trust logo
Camden Property TrustCPT
$75.97M+5.1%
AvalonBay Communities logo
AvalonBay CommunitiesAVB
$223.7M
Independence Realty Trust logo
Independence Realty TrustIRT
$128.48M-2.5%
BRT Apartments logo
BRT ApartmentsBRT
-$82K-24.2%

Other financials

Income statement

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Revenue$65.1M-3.0%
Gross profit$62.7M-3.0%
Operating income-$5.4M-214%
Net income-$15.0M-301%
EPS (diluted)-$0.77-250%

Balance sheet

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Cash & equivalents$10.3M-43.2%
Total debt$1.1B+0.7%
Total equity$695.0M+9.1%
Total assets$1.9B-0.3%

Cash flow

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Operating cash flow$21.4M-15.8%
CapEx$5.3M+5.4%
Free cash flow$16.1M-21.0%

Valuation

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Market cap$951.89M+5.8%
Enterprise value$2.01B-4.2%
P/E46.3×
P/S3.5×+0.1×

Profitability

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Gross margin96.5%0.0pp
Operating margin28.5%+21.7pp
Net margin11.1%
FCF margin22.1%-0.4pp

Returns & leverage

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Return on equity4.3%
Debt / equity1.5×-0.1×

Where this comes from

Reported directly by Centerspace in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

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
ASSETSMarch 31, 2026 / (unaudited)December 31, 2025
SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 59 units issued and outstanding at March 31, 2026 and December 31, 2025, aggregate liquidation preference of $5,940 at March 31, 2026)$5,940$5,940
EQUITY
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 16,803 shares issued and outstanding at March 31, 2026 and 16,761 shares issued and outstanding at December 31, 2025)1,370,4611,368,834
Accumulated distributions in excess of net income(675,493)(649,678)
Total shareholders’ equity$694,968$719,156
Noncontrolling interests – Operating Partnership and Series E preferred units115,172120,660
TOTAL EQUITY$810,140$839,816
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY$1,887,586$1,926,167

Item 1. Financial Statements - First Quarter - 2026

FAQ

What is Centerspace's noncontrolling interests in subsidiaries?
Centerspace (CSR) reported noncontrolling interests in subsidiaries of $115.17M in Q1 2026.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.

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