XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.24.2

EQUITY AND MEZZANINE EQUITY (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Equity [Abstract] |
Schedule of Conversions of Stock | Centerspace redeemed Units in exchange for common shares in connection with Unitholders exercising their exchange rights during the three and six months ended June 30, 2024 and 2023 as detailed in the table below.
| (in thousands)
Three Months Ended June 30, | Number of Units |  | Net Book Basis
2024 | 16 |  |  | $ | 969 |
2023 | 6 |  |  | $ | 324 |
Six Months Ended June 30, |  |  |
2024 | 33 |  |  | $ | 1,367 |
2023 | 10 |  |  | $ | 1,021 |
|  | (in thousands)
|  | Number of Series E | Number of | Total
Three Months Ended June 30, |  | Preferred Units Redeemed | Common Shares Issued | Value
2024 |  | 8 |  | 9 |  | $ | 518 |
2023 |  | 7 |  | 9 |  | $ | 1,185 |
Six Months Ended June 30, |  |  |  |
2024 |  | 21 |  | 25 |  | $ | 1,220 |
2023 |  | 20 |  | 25 |  | $ | 2,120 |
Schedule of Sale of Common Shares | The table below provides details on the sale of common shares during the three and six months ended June 30, 2024 under the ATM Program. There were no sales of common shares under the ATM Program during the three and six months ended June 30, 2023. As of June 30, 2024, common shares having an aggregate offering price of up to $118.9 million remained available under the ATM Program.
|  | (in thousands, except per share amounts)
Three and Six Months Ended June 30, |  | Number of Common Shares |  |  | Net Consideration(1) | Average Net Price Per Share
2024 |  | 110 |  |  |  | $ | 7,561 |  | $ | 68.77 |
(1)Total consideration is net of $115,000 in commissions during the three and six months ended June 30, 2024.
Schedule of Repurchased Shares | The table below provides details on the shares repurchased during the three and six months ended June 30, 2024 and 2023. As of June 30, 2024, the Company had $4.7 million remaining authorized for purchase under this program.
| (in thousands, except per share amounts)
Three Months Ended June 30, | Number of Common Shares |  | Aggregate Cost(1) | Average Price Per Share(1)
2024 | — |  |  | $ | — |  | $ | — |
2023 | 105 |  |  | $ | 5,696 |  | $ | 54.51 |
Six Months Ended June 30, |  |  |  |
2024 | 88 |  |  | $ | 4,703 |  | $ | 53.62 |
2023 | 124 |  |  | $ | 6,718 |  | $ | 54.19 |
(1)Amount includes commissions.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's capital units or capital shares, including the value of capital units or capital shares, units authorized, units outstanding and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCapitalUnitsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to converting stock into another financial instrument(s) in a noncash (or part noncash) transaction. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-5 + Details
Name: | us-gaap_ScheduleOfConversionsOfStockTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-4 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481549/505-30-45-1 + Details
Name: | us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration