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MEZZANINE EQUITY AND EQUITY (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2025 and 2024 as detailed in the table below.
(in thousands)
Three Months Ended September 30,Number of UnitsNet Book Basis
20255 $215 
202419 $812 
Nine Months Ended September 30,
202517 $750 
202452 $2,346 
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 nine months ended September 30, 2025 and 2024 as detailed below.
(in thousands)
Three Months Ended September 30,
Number of Series E Preferred Units Redeemed
Number of Common Shares Issued
Total Value
20254 4 $189 
202412 15 $660 
Nine Months Ended September 30,
202510 12 $526 
202433 40 $1,810 
Schedule of Sale of Common Shares The table below provides details on the sale of common shares during the three and nine months ended September 30, 2024 under the ATM Program. As of September 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 Months Ended September 30,
Number of Common Shares
Net Consideration(1)(2)
Average Net Price Per Share
20241,477 $105,052 $71.12 
Nine Months Ended September 30,
20241,587 $112,613 $71.66 
(1)Includes 869,000 shares sold on a forward basis for $62.7 million which were physically settled during the three months ended September 30, 2024.
(2)Total consideration is net of $1.0 million and $1.1 million in commissions during the three and nine months ended September 30, 2024, respectively.
Schedule of Repurchased Shares The table below provides details on the shares repurchased under these programs during the three and nine months ended September 30, 2025 and 2024. As of September 30, 2025, the Company had $96.5 million remaining authorized for purchase under the Share Repurchase Program.
(in thousands, except per share amounts)
Three Months Ended September 30,Number of Common Shares
Aggregate Cost(1)
Average Price Per Share(1)
202563 $3,454 $54.86 
2024— — — 
Nine Months Ended September 30,
202563 $3,454 $54.86 
202488 4,703 53.62 
(1)Amount includes commissions.