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Centerspace CSR Property taxes
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Where this comes from
Reported directly by Centerspace in its filing.
Tagged under the XBRL concept us-gaap:RealEstateTaxExpense.
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 |
|---|---|---|
| REVENUE | $65,069 | $67,093 |
| EXPENSES | ||
| Property operating expenses, excluding real estate taxes | 18,242 | 19,068 |
| Real estate taxes | 7,332 | 7,663 |
| 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 | — |
Item 1. Financial Statements - First Quarter - 2026
FAQ
- What is Centerspace's property taxes?
- Centerspace (CSR) reported property taxes of $7.33M in Q1 2026.
- How has Centerspace's property taxes changed year-over-year?
- Centerspace's property taxes decreased by 4.3% year-over-year, from $7.66M to $7.33M.
- What is the long-term trend for Centerspace's property taxes?
- Over 4 years (2021 to 2025), Centerspace's property taxes has grown at a 4.4% compound annual growth rate (CAGR), from $24.1M to $28.65M.
- What does property taxes mean?
- This represents the mandatory tax levies imposed by local and state governments on real estate holdings. As a significant fixed cost for REITs, these taxes are largely outside the company's direct control but impact net operating income. Investors track this to understand the impact of local tax environments on property-level profitability.
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