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MEZZANINE EQUITY AND EQUITY (Tables) | 12 Months Ended
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Dec. 31, 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 years ended December 31, 2025 and 2024 as detailed in the table below.
|  | (in thousands)
|  | Number of | Total Book
|  | Units | Value
Year ended December 31, 2025 |  | 60 |  | $ | 2,661 |
Year ended December 31, 2024 |  | 71 |  | $ | 3,218 |
The Company redeemed Series E preferred units in exchange for common shares in connection with Series E unitholders exercising their exchange rights during the years ended December 31, 2025 and 2024 as detailed below.
|  | (in thousands)
|  | Number of Series E | Number of | Total
|  | Preferred Units Redeemed | Common Shares Issued | Value
Year ended December 31, 2025 |  | 11 |  | 14 |  | $ | 598 |
Year ended December 31, 2024 |  | 143 |  | 172 |  | $ | 7,784 |
Schedule of Sale of Common Shares | The table below provides details on the sale of common shares under the ATM Program during the years ended December 31, 2025 and 2024.
| (in thousands, except per share amounts)
| Number of Common Shares | Total Consideration(1) | Average Price Per Share(1)
Year ended December 31, 2025 | — |  | $ | — |  | $ | — |
Year ended December 31, 2024(2) | 1,587 |  | $ | 112,613 |  | $ | 71.66 |
(1)Total consideration is net of $1.1 million in commissions for the year ended December 31, 2024. (2)Includes 869,000 shares sold on a forward basis for $62.7 million which were physically settled during the year ended December 31, 2024.
Schedule of Repurchased Shares | The table below provides details on the shares repurchased during the years ended December 31, 2025 and 2024. As of December 31, 2025, the Company had $96.5 million remaining authorized for purchase under the Share Repurchase Program.
| (in thousands, except per share amounts)
| Number of Common Shares |  | Aggregate Cost(1) | Average Price Per Share(1)
Year ended December 31, 2025 | 63 |  |  | $ | 3,454 |  | $ | 54.86 |
Year ended December 31, 2024 | 88 |  |  | $ | 4,703 |  | $ | 53.62 |
(1)Amount includes commissions.

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