Leases multifamily apartments and commercial properties to residents and businesses.
10-K for FY2025, filed Mar 11, 2026Sterling Properties, LLLP was formed as a North Dakota limited liability limited partnership in April 2003 to acquire, own and operate…View ↗
Since formation, the Trust’s focus has consisted of owning and operating income-producing real estate properties. In 2006, the Trust held…View ↗
Sterling’s current investment strategy and focus is on multifamily properties. Our Advisor monitors industry trends and invests in property…View ↗
Apartment residents and commercial tenants pay rent under leases over their lease terms; commercial tenants also reimburse estimated expenses throughout the year.
10-K for FY2025, filed Mar 11, 2026We record base rents on a straight-line basis. The monthly base rent income according to the terms of our leases is adjusted with the…View ↗
10-K for FY2025, filed Mar 11, 2026
FY2025 revenue by reportable segment ↗$174.4M
10-K for FY2025, filed Mar 11, 2026
$174.4M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Residential
Recurring
10-K for FY2025, filed Mar 11, 2026 |
88%
FY2022: 84%
|
Residential, FY2025
$153.2M Sources
|
Recurring |
|
Commercial
Recurring
10-K for FY2025, filed Mar 11, 2026 |
12%
FY2022: 16%
|
Commercial, FY2025
$21.1M Sources
|
Recurring |
The Trust leases apartments to residents and commercial space to businesses; commercial tenants also pay expense reimbursements.
10-K for FY2025, filed Mar 11, 2026
Yes. It kept 8 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 11, 2026
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
Growing. Revenue grew 35% in 4 years, from $129.3M in FY2021 to $174.4M in FY2025, about 8% a year.
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