$CSR
Centerspace Stock $csr

$csr Overview Financials Valuation SEC Filings Company Website

2021 Q1 Form 10-Q Financial Statement

#000162828021008609 Filed on May 03, 2021

Income Statement

Concept	2021 Q1	2020 Q1
Revenue	$46.65M	$44.41M
YoY Change	5.05%	-2.64%
Cost Of Revenue	$1.767M	$1.554M
YoY Change	13.71%	0.0%
Gross Profit	$44.88M	$42.85M
YoY Change	4.73%	-2.73%
Gross Profit Margin	96.21%	96.5%
Selling, General & Admin	$3.910M	$3.430M
YoY Change	13.99%	-9.97%
% of Gross Profit	8.71%	8.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$20.25M	$18.42M
YoY Change	9.88%	0.06%
% of Gross Profit	45.11%	42.99%
Operating Expenses	$23.90M	$21.58M
YoY Change	10.75%	-1.55%
Operating Profit	$1.641M	$2.004M
YoY Change	-18.11%	37.26%
Interest Expense	$7.231M	$6.911M
YoY Change	4.63%	-12.47%
% of Operating Profit	440.65%	344.86%
Other Income/Expense, Net
YoY Change
Pretax Income	-$5.160M	-$7.680M
YoY Change	-32.81%	28.86%
Income Tax
% Of Pretax Income
Net Earnings	-$4.867M	-$7.007M
YoY Change	-30.54%	49.15%
Net Earnings / Revenue	-10.43%	-15.78%
Basic Earnings Per Share	-$0.49	-$0.69
Diluted Earnings Per Share	-$0.49	-$0.69
COMMON SHARES
Basic Shares Outstanding	13.08M shares	12.10M shares
Diluted Shares Outstanding	14.04M shares	13.16M shares

Balance Sheet

Concept	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$10.82M	$26.30M
YoY Change	-58.87%	12.88%
Cash & Equivalents	$10.82M	$26.34M
Short-Term Investments	$0.00
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$10.80M	$26.30M
YoY Change	-58.94%	12.88%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.506B	$1.339B
YoY Change	12.41%	1.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.600M	$2.300M
YoY Change	-30.43%	-52.08%
Total Long-Term Assets	$1.526B	$1.363B
YoY Change	11.94%	1.1%
TOTAL ASSETS
Total Short-Term Assets	$10.80M	$26.30M
Total Long-Term Assets	$1.526B	$1.363B
Total Assets	$1.536B	$1.389B
YoY Change	10.6%	1.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$53.90M	$35.00M
YoY Change	54.0%	-6.67%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$53.90M	$35.00M
YoY Change	54.0%	-6.67%
LONG-TERM LIABILITIES
Long-Term Debt	$794.5M	$680.5M
YoY Change	16.75%	-1.9%
Other Long-Term Liabilities		$17.40M
YoY Change		443.75%
Total Long-Term Liabilities	$794.5M	$697.9M
YoY Change	13.84%	0.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$53.90M	$35.00M
Total Long-Term Liabilities	$794.5M	$697.9M
Total Liabilities	$848.3M	$732.8M
YoY Change	15.77%	-0.21%
SHAREHOLDERS EQUITY
Retained Earnings	-$443.4M	-$407.2M
YoY Change	8.91%	-8.23%
Common Stock	$980.5M	$912.7M
YoY Change	7.43%	1.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$617.8M	$584.2M
YoY Change
Total Liabilities & Shareholders Equity	$1.536B	$1.389B
YoY Change	10.6%	1.3%

Cashflow Statement

Concept	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income	-$4.867M	-$7.007M
YoY Change	-30.54%	49.15%
Depreciation, Depletion And Amortization	$20.25M	$18.42M
YoY Change	9.88%	0.06%
Cash From Operating Activities	$14.96M	$6.235M
YoY Change	139.86%	-0.91%
INVESTING ACTIVITIES
Capital Expenditures	-$79.80M	-$26.60M
YoY Change	200.0%	-6.67%
Acquisitions
YoY Change
Other Investing Activities	-$160.0K	$115.0K
YoY Change	-239.13%	-205.5%
Cash From Investing Activities	-$85.04M	-$31.95M
YoY Change	166.19%	25.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$11.78M	-$3.352M
YoY Change	-451.49%	-138.03%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$75.20M	$8.275M
YoY Change	808.71%	-70.57%
NET CHANGE
Cash From Operating Activities	$14.96M	$6.235M
Cash From Investing Activities	-$85.04M	-$31.95M
Cash From Financing Activities	$75.20M	$8.275M
Net Change In Cash	$5.116M	-$17.44M
YoY Change	-129.34%	-296.08%
FREE CASH FLOW
Cash From Operating Activities	$14.96M	$6.235M
Capital Expenditures	-$79.80M	-$26.60M
Free Cash Flow	$94.76M	$32.84M
YoY Change	188.58%	-5.62%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000798359
CY2021Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2021Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q1	dei	Amendment Flag AmendmentFlag	false
CY2021Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2021Q1	dei	Document Type DocumentType	10-Q
CY2021Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2021Q1	dei	Document Period End Date DocumentPeriodEndDate	2021-03-31
CY2021Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q1	dei	Entity File Number EntityFileNumber	001-35624
CY2021Q1	dei	Entity Registrant Name EntityRegistrantName	INVESTORS REAL ESTATE TRUST
CY2021Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	ND
CY2021Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	45-0311232
CY2021Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	3100 10th Street SW
CY2021Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Post Office Box 1988
CY2021Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Minot
CY2021Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	ND
CY2021Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	58702-1988
CY2021Q1	dei	City Area Code CityAreaCode	701
CY2021Q1	dei	Local Phone Number LocalPhoneNumber	837-4738
CY2021Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2021Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2021Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2021Q1	dei	Entity Shell Company EntityShellCompany	false
CY2021Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	13220205	shares
CY2021Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1883407000	USD
CY2020Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1812557000	USD
CY2021Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	408014000	USD
CY2020Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	399249000	USD
CY2021Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1475393000	USD
CY2020Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1413308000	USD
CY2021Q1	iret	Loans Receivable Commercial Mortgage Netof Deferred Costs LoansReceivableCommercialMortgageNetofDeferredCosts	30107000	USD
CY2020Q4	iret	Loans Receivable Commercial Mortgage Netof Deferred Costs LoansReceivableCommercialMortgageNetofDeferredCosts	24661000	USD
CY2021Q1	us-gaap	Investments Investments	1505500000	USD
CY2020Q4	us-gaap	Investments Investments	1437969000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10816000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	392000	USD
CY2021Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	1610000	USD
CY2020Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	6918000	USD
CY2021Q1	us-gaap	Other Assets OtherAssets	18427000	USD
CY2020Q4	us-gaap	Other Assets OtherAssets	18904000	USD
CY2021Q1	us-gaap	Assets Assets	1536353000	USD
CY2020Q4	us-gaap	Assets Assets	1464183000	USD
CY2021Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	53852000	USD
CY2020Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	55609000	USD
CY2021Q1	us-gaap	Line Of Credit LineOfCredit	181544000	USD
CY2020Q4	us-gaap	Line Of Credit LineOfCredit	152871000	USD
CY2021Q1	us-gaap	Unsecured Debt UnsecuredDebt	319236000	USD
CY2020Q4	us-gaap	Unsecured Debt UnsecuredDebt	269246000	USD
CY2021Q1	us-gaap	Secured Debt SecuredDebt	293709000	USD
CY2020Q4	us-gaap	Secured Debt SecuredDebt	297074000	USD
CY2021Q1	us-gaap	Liabilities Liabilities	848341000	USD
CY2020Q4	us-gaap	Liabilities Liabilities	774800000	USD
CY2021Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2020Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2021Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	13220000	shares
CY2021Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	13220000	shares
CY2020Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	13027000	shares
CY2020Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	13027000	shares
CY2021Q1	us-gaap	Common Stock Value CommonStockValue	980453000	USD
CY2020Q4	us-gaap	Common Stock Value CommonStockValue	968263000	USD
CY2021Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-443409000	USD
CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-427681000	USD
CY2021Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-12798000	USD
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-15905000	USD
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	617776000	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	618207000	USD
CY2021Q1	iret	Noncontrolling Interests Operating Partnership Units NoncontrollingInterestsOperatingPartnershipUnits	950000	shares
CY2020Q4	iret	Noncontrolling Interests Operating Partnership Units NoncontrollingInterestsOperatingPartnershipUnits	977000	shares
CY2021Q1	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	53007000	USD
CY2020Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	53930000	USD
CY2021Q1	us-gaap	Minority Interest In Preferred Unit Holders MinorityInterestInPreferredUnitHolders	669000	USD
CY2020Q4	us-gaap	Minority Interest In Preferred Unit Holders MinorityInterestInPreferredUnitHolders	686000	USD
CY2021Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	671452000	USD
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	672823000	USD
CY2021Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1536353000	USD
CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1464183000	USD
CY2021Q1	us-gaap	Revenues Revenues	46648000	USD
CY2020Q1	us-gaap	Revenues Revenues	44406000	USD
CY2021Q1	iret	Property Operating Expenses Excluding Real Estate Taxes PropertyOperatingExpensesExcludingRealEstateTaxes	13449000	USD
CY2020Q1	iret	Property Operating Expenses Excluding Real Estate Taxes PropertyOperatingExpensesExcludingRealEstateTaxes	13468000	USD
CY2021Q1	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	5792000	USD
CY2020Q1	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	5465000	USD
CY2021Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1767000	USD
CY2020Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1554000	USD
CY2021Q1	us-gaap	Real Estate Insurance RealEstateInsurance	101000	USD
CY2020Q1	us-gaap	Real Estate Insurance RealEstateInsurance	327000	USD
CY2021Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	19992000	USD
CY2020Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	18160000	USD
CY2021Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3906000	USD
CY2020Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3428000	USD
CY2021Q1	us-gaap	Costs And Expenses CostsAndExpenses	45007000	USD
CY2020Q1	us-gaap	Costs And Expenses CostsAndExpenses	42402000	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	1641000	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	2004000	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	7231000	USD
CY2020Q1	us-gaap	Interest Expense InterestExpense	6911000	USD
CY2021Q1	iret	Interest And Other Income Loss InterestAndOtherIncomeLoss	431000	USD
CY2020Q1	iret	Interest And Other Income Loss InterestAndOtherIncomeLoss	-2777000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	-5159000	USD
CY2020Q1	us-gaap	Profit Loss ProfitLoss	-7684000	USD
CY2021Q1	iret	Preferred Stock Dividends PreferredStockDividends	160000	USD
CY2020Q1	iret	Preferred Stock Dividends PreferredStockDividends	160000	USD
CY2021Q1	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable	-469000	USD
CY2020Q1	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable	-692000	USD
CY2021Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Nonredeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable	17000	USD
CY2020Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Nonredeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable	-145000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-4867000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-7007000	USD
CY2021Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1607000	USD
CY2020Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1705000	USD
CY2021Q1	us-gaap	Preferred Stock Redemption Discount PreferredStockRedemptionDiscount	0	USD
CY2020Q1	us-gaap	Preferred Stock Redemption Discount PreferredStockRedemptionDiscount	273000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-6474000	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-8439000	USD
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.49
CY2020Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.69
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.49
CY2020Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.69
CY2021Q1	us-gaap	Profit Loss ProfitLoss	-5159000	USD
CY2020Q1	us-gaap	Profit Loss ProfitLoss	-7684000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	2011000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	-9408000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-1095000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	345000	USD
CY2021Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-2053000	USD
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-17437000	USD
CY2021Q1	iret	Comprehensive Income Attributable To Noncontrolling Interest Operating Partnership ComprehensiveIncomeAttributableToNoncontrollingInterestOperatingPartnership	-261000	USD
CY2020Q1	iret	Comprehensive Income Attributable To Noncontrolling Interest Operating Partnership ComprehensiveIncomeAttributableToNoncontrollingInterestOperatingPartnership	-1463000	USD
CY2021Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Nonredeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable	17000	USD
CY2020Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Nonredeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable	-145000	USD
CY2021Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1809000	USD
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-15829000	USD
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	679902000	USD
CY2020Q1	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	-7844000	USD
CY2020Q1	iret	Other Comprehensive Income Loss Change In Fair Value Of Derivatives OtherComprehensiveIncomeLossChangeInFairValueOfDerivatives	-9753000	USD
CY2020Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.70
CY2020Q1	us-gaap	Dividends Common Stock DividendsCommonStock	9246000	USD
CY2020Q1	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	0.414625
CY2020Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1705000	USD
CY2020Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	465000	USD
CY2020Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	3352000	USD
CY2020Q1	iret	Partners Capital Account Cash Redemptions PartnersCapitalAccountCashRedemptions	14000	USD
CY2020Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	3137000	USD
CY2020Q1	iret	Partners Capital Account Redemptions Prior Period Adjustment PartnersCapitalAccountRedemptionsPriorPeriodAdjustment	12221000	USD
CY2020Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	83000	USD
CY2020Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	639716000	USD
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	672823000	USD
CY2021Q1	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	-5319000	USD
CY2021Q1	iret	Other Comprehensive Income Loss Change In Fair Value Of Derivatives OtherComprehensiveIncomeLossChangeInFairValueOfDerivatives	3107000	USD
CY2021Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.70
CY2021Q1	us-gaap	Dividends Common Stock DividendsCommonStock	9919000	USD
CY2021Q1	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	0.414625
CY2021Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1607000	USD
CY2021Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	810000	USD
CY2021Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	11782000	USD
CY2021Q1	iret	Partners Capital Account Cash Redemptions PartnersCapitalAccountCashRedemptions	9000	USD
CY2021Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	216000	USD
CY2021Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	671452000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	-5159000	USD
CY2020Q1	us-gaap	Profit Loss ProfitLoss	-7684000	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	20245000	USD
CY2020Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	18424000	USD
CY2021Q1	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	0	USD
CY2020Q1	us-gaap	Share Based Compensation ShareBasedCompensation	465000	USD
CY2021Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-836000	USD
CY2020Q1	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	-1227000	USD
CY2021Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	0	USD
CY2020Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-2326000	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	810000	USD
CY2020Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-206000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	533000	USD
CY2020Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	3602000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1244000	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-5127000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	14955000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	6235000	USD
CY2021Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	0	USD
CY2020Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	1679000	USD
CY2021Q1	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	5445000	USD
CY2020Q1	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	6956000	USD
CY2021Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	77585000	USD
CY2020Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	23712000	USD
CY2021Q1	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	2165000	USD
CY2020Q1	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	2841000	USD
CY2021Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-160000	USD
CY2020Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	115000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-85035000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-31945000	USD
CY2021Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	3566000	USD
CY2020Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	1513000	USD
CY2021Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	105716000	USD
CY2020Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	41578000	USD
CY2021Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	77044000	USD
CY2020Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	8656000	USD
CY2021Q1	us-gaap	Proceeds From Unsecured Notes Payable ProceedsFromUnsecuredNotesPayable	49940000	USD
CY2020Q1	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	3137000	USD
CY2020Q1	us-gaap	Proceeds From Unsecured Notes Payable ProceedsFromUnsecuredNotesPayable	0	USD
CY2021Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	0	USD
CY2020Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	12221000	USD
CY2021Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	11782000	USD
CY2020Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	3352000	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	0	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Redeemable Noncontrolling Interest PaymentsForRepurchaseOfRedeemableNoncontrollingInterest	9000	USD
CY2020Q1	us-gaap	Payments For Repurchase Of Redeemable Noncontrolling Interest PaymentsForRepurchaseOfRedeemableNoncontrollingInterest	14000	USD
CY2021Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	9119000	USD
CY2020Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	8469000	USD
CY2021Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	1607000	USD
CY2020Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	1705000	USD
CY2021Q1	iret	Payments Of Ordinary Dividends Preferred Unitholders PaymentsOfOrdinaryDividendsPreferredUnitholders	160000	USD
CY2020Q1	iret	Payments Of Ordinary Dividends Preferred Unitholders PaymentsOfOrdinaryDividendsPreferredUnitholders	160000	USD
CY2021Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	683000	USD
CY2020Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	741000	USD
CY2021Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-54000	USD
CY2020Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-39000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	75196000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	8275000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	5116000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-17435000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7310000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	46117000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	12426000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	28682000	USD
CY2021Q1	iret	Adjustments To Accounts Payable Included Within Real Estate Investments AdjustmentsToAccountsPayableIncludedWithinRealEstateInvestments	2418000	USD
CY2020Q1	iret	Adjustments To Accounts Payable Included Within Real Estate Investments AdjustmentsToAccountsPayableIncludedWithinRealEstateInvestments	1286000	USD
CY2021Q1	us-gaap	Partners Capital Account Redemptions PartnersCapitalAccountRedemptions	220000	USD
CY2020Q1	us-gaap	Partners Capital Account Redemptions PartnersCapitalAccountRedemptions	930000	USD
CY2021Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	9919000	USD
CY2020Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	9245000	USD
CY2021Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	0	USD
CY2020Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-2326000	USD
CY2021Q1	us-gaap	Noncash Or Part Noncash Acquisition Investments Acquired1 NoncashOrPartNoncashAcquisitionInvestmentsAcquired1	0	USD
CY2020Q1	us-gaap	Noncash Or Part Noncash Acquisition Investments Acquired1 NoncashOrPartNoncashAcquisitionInvestmentsAcquired1	17663000	USD
CY2021Q1	iret	Noncashor Part Noncash Acquisition Write Off Of Receivable In Exchange For Property NoncashorPartNoncashAcquisitionWriteOffOfReceivableInExchangeForProperty	0	USD
CY2020Q1	iret	Noncashor Part Noncash Acquisition Write Off Of Receivable In Exchange For Property NoncashorPartNoncashAcquisitionWriteOffOfReceivableInExchangeForProperty	17663000	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	6787000	USD
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	6481000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10816000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	392000	USD
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	26338000	USD
CY2021Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	1610000	USD
CY2020Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	6918000	USD
CY2020Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	2344000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	12426000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7310000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	28682000	USD
CY2021Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">USE OF ESTIMATES</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2021Q1	iret	Rent Deferrals Outstanding RentDeferralsOutstanding	57000	USD
CY2020Q4	iret	Rent Deferrals Outstanding RentDeferralsOutstanding	99600	USD
CY2021Q1	iret	Revenue Reduction Due To Rental Abatements Amount RevenueReductionDueToRentalAbatementsAmount	47000	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	1650000	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	2209000	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	2205000	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	2194000	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	2159000	USD
CY2021Q1	iret	Lessor Operating Lease Payment To Be Received After Year Four LessorOperatingLeasePaymentToBeReceivedAfterYearFour	2302000	USD
CY2021Q1	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	12719000	USD
CY2021Q1	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	43840000	USD
CY2020Q1	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	41934000	USD
CY2021Q1	us-gaap	Variable Lease Income VariableLeaseIncome	1969000	USD
CY2020Q1	us-gaap	Variable Lease Income VariableLeaseIncome	1780000	USD
CY2021Q1	us-gaap	Revenues Revenues	46648000	USD
CY2020Q1	us-gaap	Revenues Revenues	44406000	USD
CY2021Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
CY2020Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
CY2020Q1	us-gaap	Payments To Acquire Additional Interest In Subsidiaries PaymentsToAcquireAdditionalInterestInSubsidiaries	12200000	USD
CY2021Q1	us-gaap	Marketable Securities MarketableSecurities	0	USD
CY2020Q4	us-gaap	Marketable Securities MarketableSecurities	0	USD
CY2020Q1	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	-1200000	USD
CY2021Q1	iret	Ratio Of Units Exchanged For Shares RatioOfUnitsExchangedForShares	1
CY2021Q1	iret	Weighted Average Price Number Of Trading Days WeightedAveragePriceNumberOfTradingDays	10	tradingDay
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-4867000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-7007000	USD
CY2021Q1	iret	Dividends Preferred Stock1 DividendsPreferredStock1	1607000	USD
CY2020Q1	iret	Dividends Preferred Stock1 DividendsPreferredStock1	1705000	USD
CY2021Q1	us-gaap	Preferred Stock Redemption Discount PreferredStockRedemptionDiscount	0	USD
CY2020Q1	us-gaap	Preferred Stock Redemption Discount PreferredStockRedemptionDiscount	273000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-6474000	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-8439000	USD
CY2021Q1	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable	-469000	USD
CY2020Q1	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable	-692000	USD
CY2021Q1	iret	Payments Of Ordinary Dividends Preferred Unitholders Accrued Amount PaymentsOfOrdinaryDividendsPreferredUnitholdersAccruedAmount	160000	USD
CY2020Q1	iret	Payments Of Ordinary Dividends Preferred Unitholders Accrued Amount PaymentsOfOrdinaryDividendsPreferredUnitholdersAccruedAmount	160000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-6783000	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-8971000	USD
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13078000	shares
CY2021Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	13200000	shares
CY2021Q1	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.06625
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12103000	shares
CY2021Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	957000	shares
CY2020Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	13000000.0	shares
CY2020Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1054000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	14035000	shares
CY2020Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13157000	shares
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.49
CY2020Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.69
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.49
CY2020Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.69
CY2021Q1	iret	Noncontrolling Interests Operating Partnership Units NoncontrollingInterestsOperatingPartnershipUnits	950000	shares
CY2020Q4	iret	Noncontrolling Interests Operating Partnership Units NoncontrollingInterestsOperatingPartnershipUnits	977000	shares
CY2021Q1	us-gaap	Conversion Of Stock Shares Converted1 ConversionOfStockSharesConverted1	0	shares
CY2021Q1	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	9000	USD
CY2021Q1	iret	Sale Of Stock Average Price Per Share SaleOfStockAveragePricePerShare	71.55
CY2020Q1	us-gaap	Conversion Of Stock Shares Converted1 ConversionOfStockSharesConverted1	0	shares
CY2020Q1	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	14000	USD
CY2020Q1	iret	Sale Of Stock Average Price Per Share SaleOfStockAveragePricePerShare	74.45
CY2021Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	6000000.0	USD
CY2021Q1	us-gaap	Sales Commissions And Fees SalesCommissionsAndFees	181000	USD
CY2020Q1	us-gaap	Sales Commissions And Fees SalesCommissionsAndFees	52000	USD
CY2019Q4	us-gaap	Stock Repurchase Program Period In Force1 StockRepurchaseProgramPeriodInForce1	P1Y
CY2021Q1	us-gaap	Schedule Of Repurchase Agreements ScheduleOfRepurchaseAgreements	Series C Preferred Shares repurchased during the three months ended March 31, 2020 are detailed in the table below.<div style="margin-bottom:8pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:36.619%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.221%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.052%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.518%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:100%">(in thousands, except per share amounts)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Number of Preferred Shares</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Aggregate Cost</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:700;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Average Price Per Share</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:700;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2020</span></td><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">136 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,137 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">23.00 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Amount includes commissions.</span></div>
CY2021Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	3900000	shares
CY2020Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	3900000	shares
CY2021Q1	iret	Preferred Stock Annual Distribution Accrual Rate PreferredStockAnnualDistributionAccrualRate	1.65625
CY2021Q1	iret	Number Of Real Estate Properties Unencumbered NumberOfRealEstatePropertiesUnencumbered	49	apartmentProperty
CY2021Q1	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	97000000.0	USD
CY2019Q1	us-gaap	Partners Capital Account Units Converted PartnersCapitalAccountUnitsConverted	1.37931	shares
CY2019Q1	iret	Partners Capital Account Units Converted Conversion Price PartnersCapitalAccountUnitsConvertedConversionPrice	72.50
CY2021Q1	iret	Number Of Real Estate Properties Unencumbered Used To Provide Credit Support NumberOfRealEstatePropertiesUnencumberedUsedToProvideCreditSupport	34	apartmentProperty
CY2021Q1	us-gaap	Debt Instrument Term DebtInstrumentTerm	P12M
CY2021Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	796545000	USD
CY2020Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	721316000	USD
CY2021Q1	iret	Debt Instrument Weighted Average Maturity DebtInstrumentWeightedAverageMaturity	P4Y8M8D
CY2021Q1	us-gaap	Debt Weighted Average Interest Rate DebtWeightedAverageInterestRate	0.0337
CY2020Q4	us-gaap	Debt Weighted Average Interest Rate DebtWeightedAverageInterestRate	0.0362
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	22221000	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	37219000	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	45068000	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	3777000	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	102505000	USD
CY2021Q1	iret	Long Term Debt Maturityafter Year Four LongTermDebtMaturityafterYearFour	404211000	USD
CY2021Q1	us-gaap	Long Term Debt LongTermDebt	615001000	USD
CY2021Q1	us-gaap	Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths	4400000	USD
CY2021Q1	iret	Number Of Properties Sold NumberOfPropertiesSold	0	apartmentProperty
CY2021Q1	us-gaap	Revenues Revenues	46648000	USD
CY2021Q1	iret	Property Operating Expense PropertyOperatingExpense	19241000	USD
CY2021Q1	iret	Net Operating Income Loss NetOperatingIncomeLoss	27407000	USD
CY2021Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1767000	USD
CY2021Q1	us-gaap	Real Estate Insurance RealEstateInsurance	101000	USD
CY2021Q1	iret	Depreciation And Amortization Including Related To Non Real Estate Investments DepreciationAndAmortizationIncludingRelatedToNonRealEstateInvestments	19992000	USD
CY2021Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3906000	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	7231000	USD
CY2021Q1	iret	Interest And Other Income Loss InterestAndOtherIncomeLoss	431000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	-5159000	USD
CY2020Q1	us-gaap	Interest Expense InterestExpense	6911000	USD
CY2020Q1	us-gaap	Revenues Revenues	44406000	USD
CY2020Q1	iret	Property Operating Expense PropertyOperatingExpense	18933000	USD
CY2020Q1	iret	Net Operating Income Loss NetOperatingIncomeLoss	25473000	USD
CY2020Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1554000	USD
CY2020Q1	us-gaap	Real Estate Insurance RealEstateInsurance	327000	USD
CY2020Q1	iret	Depreciation And Amortization Including Related To Non Real Estate Investments DepreciationAndAmortizationIncludingRelatedToNonRealEstateInvestments	18160000	USD
CY2020Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3428000	USD
CY2020Q1	iret	Interest And Other Income Loss InterestAndOtherIncomeLoss	-2777000	USD
CY2020Q1	us-gaap	Profit Loss ProfitLoss	-7684000	USD
CY2021Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1883407000	USD
CY2021Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	408014000	USD
CY2021Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1475393000	USD
CY2021Q1	iret	Loans Receivable Commercial Mortgage Netof Deferred Costs LoansReceivableCommercialMortgageNetofDeferredCosts	30107000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10816000	USD
CY2021Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	1610000	USD
CY2021Q1	us-gaap	Other Assets OtherAssets	18427000	USD
CY2021Q1	us-gaap	Assets Assets	1536353000	USD
CY2020Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1812557000	USD
CY2020Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	399249000	USD
CY2020Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1413308000	USD
CY2020Q4	iret	Loans Receivable Commercial Mortgage Netof Deferred Costs LoansReceivableCommercialMortgageNetofDeferredCosts	24661000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	392000	USD
CY2020Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	6918000	USD
CY2020Q4	us-gaap	Other Assets OtherAssets	18904000	USD
CY2020Q4	us-gaap	Assets Assets	1464183000	USD
CY2021Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	810000	USD
CY2020Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	465000	USD

Files In Submission

Name	View Source	Status
0001628280-21-008609-index-headers.html	Edgar Link	pending
0001628280-21-008609-index.html	Edgar Link	pending
0001628280-21-008609.txt	Edgar Link	pending
0001628280-21-008609-xbrl.zip	Edgar Link	pending
centerspace033121-10qex311.htm	Edgar Link	pending
centerspace033121-10qex312.htm	Edgar Link	pending
centerspace033121-10qex321.htm	Edgar Link	pending
centerspace033121-10qex322.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
iret-20210331.htm	Edgar Link	pending
iret-20210331.xsd	Edgar Link	pending
iret-20210331_cal.xml	Edgar Link	unprocessable
iret-20210331_def.xml	Edgar Link	unprocessable
iret-20210331_htm.xml	Edgar Link	completed
iret-20210331_lab.xml	Edgar Link	unprocessable
iret-20210331_pre.xml	Edgar Link	unprocessable
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
R9999.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$CSR
Centerspace Stock $csr

2021 Q1 Form 10-Q Financial Statement

#000162828021008609 Filed on May 03, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CSR Centerspace Stock $csr

2021 Q1 Form 10-Q Financial Statement

#000162828021008609 Filed on May 03, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CSR
Centerspace Stock $csr