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MEZZANINE EQUITY AND EQUITY (Tables) | 6 Months Ended
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Jun. 30, 2025
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, 2025 and 2024 as detailed in the table below.
| (in thousands)
Three Months Ended June 30, | Number of Units |  | Net Book Basis
2025 | 5 |  |  | $ | 201 |
2024 | 16 |  |  | $ | 737 |
Six Months Ended June 30, |  |  |
2025 | 12 |  |  | $ | 535 |
2024 | 33 |  |  | $ | 1,534 |
The Company redeemed Series E preferred units in exchange for common shares in connection with Series E unitholders exercising their exchange rights during the three and six months ended June 30, 2025 and 2024 as detailed below.
|  | (in thousands)
Three Months Ended June 30, |  | Number of Series E Preferred Units Redeemed | Number of Common Shares Issued | Total Value
2025 |  | 6 |  | 8 |  | $ | 323 |
2024 |  | 8 |  | 9 |  | $ | 422 |
Six Months Ended June 30, |  |  |  |
2025 |  | 6 |  | 8 |  | $ | 338 |
2024 |  | 21 |  | 25 |  | $ | 1,150 |
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. As of June 30, 2025, common shares having an aggregate offering price of up to $262.9 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.
| (in thousands, except per share amounts)
Three Months Ended June 30, | Number of Common Shares |  | Aggregate Cost(1) | Average Price Per Share(1)
2024 | — |  |  | $ | — |  | $ | — |
Six Months Ended June 30, |  |  |  |
2024 | 88 |  |  | $ | 4,703 |  | $ | 53.62 |
(1)Amount includes commissions.

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