Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $1,464 | $1,940 | $2,033 | $1,926 | $1,914 |
| Liabilities | $775 | $918 | $1,066 | $979 | $1,015 |
| Equity | $618 | $772 | $730 | $710 | $654 |
Balance sheet data in USD (millions)
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Edwyn
Over the past five years, CENTERSPACE has shown a steady growth in its total assets, increasing from $1.46 billion in 2020 to $1.91 billion in 2024. This indicates the company's ability to expand its asset base, which is a positive sign for its growth prospects. However, the company's liabilities have also been on the rise, with a notable increase from $774.8 million in 2020 to $1.01 billion in 2024. The growth in liabilities suggests that CENTERSPACE has been relying more on debt financing to support its operations and expansion. Despite the increase in liabilities, the company's stockholders' equity has shown some fluctuations over the years. While there was a peak in equity in 2021 at $772.032 million, it decreased to $653.9 million in 2024. This reduction could be a result of various factors such as share buybacks, dividend payments, or losses incurred by the company. It is essential for CENTERSPACE to closely monitor its debt levels and ensure that its equity remains at a healthy level to support future growth and withstand any economic downturns. In the context of the real estate industry, where companies often rely on debt to finance property acquisitions and developments, CENTERSPACE should aim to strike a balance between leveraging opportunities and maintaining a strong financial position.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.