INVESTORS REAL ESTATE TRUST

EDGAR

Annual consolidated revenue for 2026: about USD 273.7M, using the latest reported figures. The previous period, 2025, was about USD 261M.

Watchlist

Latest quarter

Revenue

65.8 million USD

2026-06-30 · USD

Exact inputs and evidence

Operating margin

13.35%

2026-06-30 · %

Exact inputs and evidence
  • Operating Income: 8784000 USD Source
  • Revenue: 65782000 USD Source

Operating cash flow

22.7 million USD

2026-06-30 · USD

Exact inputs and evidence
  • Operating Cash Flow: 44128000 USD Source
  • Operating Cash Flow: 21423000 USD Source
Cash and cash equivalents
8.56 million USD Source
Exact value

8560000 USD

Long-term debt including current maturities
990 million USD Source
Exact value

989583000 USD

Shares outstanding
16.8 million shares Source
Exact value

16800000 shares

Reported share-count change

0.00% · 0 shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 16800000 shares · 2025-06-30· Source
  • 16800000 shares · 2026-06-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-03.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 10 of 11 periods available· newest 2025-12-31
  • Net income: 10 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 10 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 10 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 8 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 10 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +4.9%

    Prior period

    USD 260.98 million

    –

    Current period

    USD 273.66 million

    –

    Exact inputs and evidence

    273662000 − 260983000 = 12679000 USD

    260983000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    273662000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 28.43 million

    Prior period

    −USD 11.33 million

    –

    Current period

    USD 17.1 million

    –

    Exact inputs and evidence

    17101000 − -11328000 = 28429000 USD

    -11328000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    17101000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +0.2%

    Prior period

    USD 98.25 million

    –

    Current period

    USD 98.45 million

    –

    Exact inputs and evidence

    98453000 − 98248000 = 205000 USD

    98248000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    98453000 USD · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2026 2025-01-01 – 2025-12-31

  • Revenue USD 273.66 million 100% of revenue
  • Operating costs Derived USD 209.13 million 76% of revenue
  • Operating income USD 64.54 million 24% of revenue
  • Tax, interest and other Derived USD 47.44 million 17% of revenue
  • Net income USD 17.1 million 6.2% of revenue

Cash

  • Operating cash flow USD 98.45 million 36% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 Operating loss: operating costs were 119% of revenue.
  • 2018 Operating loss: operating costs were 114% of revenue.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 42%16%41%
  • 2021 17%81%
  • 2022 Net loss: net income was −0% of revenue.
  • 2023 Net loss: net income was −5.5% of revenue.
  • 2024 16%17%68%
  • 2025 Net loss: net income was −4.3% of revenue.
  • 2026 17%76%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2016-05-01 – 2017-04-30160104000 190214000 Derived -30110000 -73457000 Derived 43347000 Unavailable
Source
2018 2017-05-01 – 2018-04-30169745000 193449000 Derived -23704000 -140492000 Derived 116788000 Unavailable
Source
2019 2018-01-01 – 2018-12-31121871000 UnavailableUnavailableUnavailableUnavailableUnavailable
Source
2020 2019-01-01 – 2019-12-31185755000 76714000 Derived 109041000 30372000 Derived 78669000 Unavailable
Source
2021 2020-01-01 – 2020-12-31177994000 144151000 Derived 33843000 29402000 Derived 4441000 Unavailable
Source
2022 2021-01-01 – 2021-12-31201705000 171813000 Derived 29892000 29921000 Derived -29000 Unavailable
Source
2023 2022-01-01 – 2022-12-31256716000 242855000 Derived 13861000 27970000 Derived -14109000 Unavailable
Source
2024 2023-01-01 – 2023-12-31261309000 176856000 Derived 84453000 43128000 Derived 41325000 Unavailable
Source
2025 2024-01-01 – 2024-12-31260983000 240508000 Derived 20475000 31803000 Derived -11328000 Unavailable
Source
2026 2025-01-01 – 2025-12-31273662000 209125000 Derived 64537000 47436000 Derived 17101000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 273.7M 2026
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.295.6M221.7M147.8M73.9M0.0201720222026
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Revenue160104000
2018Revenue169745000
2019Revenue121871000
2020Revenue185755000
2021Revenue177994000
2022Revenue201705000
2023Revenue256716000
2024Revenue261309000
2025Revenue260983000
2026Revenue273662000

Revenue growth

Change in revenue from the same financial period one year earlier.

4.9% 2026
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.57%41%24%8%-9%201720222026
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2017Year over year10%
2018Year over year6%
2019Year over yearNo prior comparable period
2020Year over year52.4%
2021Year over year-4.2%
2022Year over year13.3%
2023Year over year27.3%
2024Year over year1.8%
2025Year over year-0.1%
2026Year over year4.9%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 23.6% 2026
Net margin 6.2% 2026
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.76%50%25%-0%-26%201720222026
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2017Operating margin-18.8%
2018Operating margin-14%
2018-12-31Operating marginNot reported
2020Operating margin58.7%
2021Operating margin19%
2022Operating margin14.8%
2023Operating margin5.4%
2024Operating margin32.3%
2025Operating margin7.8%
2026Operating margin23.6%
2017Net margin27.1%
2018Net margin68.8%
2018-12-31Net marginNot reported
2020Net margin42.4%
2021Net margin2.5%
2022Net margin-0%
2023Net margin-5.5%
2024Net margin15.8%
2025Net margin-4.3%
2026Net margin6.2%
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported
2026Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 98.5M 2026
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.106.3M79.7M53.2M26.6M0.0201720222026
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Operating cash flow79052000
2018Operating cash flow55195000
2019Operating cash flowNot reportedNo source recorded
2020Operating cash flow69624000
2021Operating cash flow61228000
2022Operating cash flow84028000
2023Operating cash flow91991000
2024Operating cash flow89520000
2025Operating cash flow98248000
2026Operating cash flow98453000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailableNo source recorded
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable
2026Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

56.1% 2026
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.61%46%30%15%0%201720222026
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2017Liabilities / assets56.4%
2018Liabilities / assets51.3%
2019Liabilities / assets51.4%
2020Liabilities / assets50%
2021Liabilities / assets52.9%
2022Liabilities / assets47.3%
2023Liabilities / assets52.4%
2024Liabilities / assets50.8%
2025Liabilities / assets53%
2026Liabilities / assets56.1%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2017-04-30Current assets / current liabilitiesNot reportedNo source recorded
2018-04-30Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2015-05-01 – 2016-04-30
USD 72.01 million
Exact value

Exact value: 72006000 USD

2015-05-01 – 2016-04-30: 72006000 USD Inspect Net Income Open source
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USD 66.49 million
Exact value

Exact value: 66493000 USD

2015-05-01 – 2016-04-30: 66493000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2016-05-01 – 2017-04-30
USD 43.35 million
Exact value

Exact value: 43347000 USD

2016-05-01 – 2017-04-30: 43347000 USD Inspect Net Income Open source
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USD 79.05 million
Exact value

Exact value: 79052000 USD

2016-05-01 – 2017-04-30: 79052000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2017-05-01 – 2018-04-30
USD 116.79 million
Exact value

Exact value: 116788000 USD

2017-05-01 – 2018-04-30: 116788000 USD Inspect Net Income Open source
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USD 55.2 million
Exact value

Exact value: 55195000 USD

2017-05-01 – 2018-04-30: 55195000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2019-01-01 – 2019-12-31
USD 78.67 million
Exact value

Exact value: 78669000 USD

2019-01-01 – 2019-12-31: 78669000 USD Inspect Net Income Open source
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USD 69.62 million
Exact value

Exact value: 69624000 USD

2019-01-01 – 2019-12-31: 69624000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2020-01-01 – 2020-12-31
USD 4.44 million
Exact value

Exact value: 4441000 USD

2020-01-01 – 2020-12-31: 4441000 USD Inspect Net Income Open source
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USD 61.23 million
Exact value

Exact value: 61228000 USD

2020-01-01 – 2020-12-31: 61228000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2021-01-01 – 2021-12-31
−USD 29,000
Exact value

Exact value: -29000 USD

2021-01-01 – 2021-12-31: -29000 USD Inspect Net Income Open source
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USD 84.03 million
Exact value

Exact value: 84028000 USD

2021-01-01 – 2021-12-31: 84028000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2022-01-01 – 2022-12-31
−USD 14.11 million
Exact value

Exact value: -14109000 USD

2022-01-01 – 2022-12-31: -14109000 USD Inspect Net Income Open source
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USD 91.99 million
Exact value

Exact value: 91991000 USD

2022-01-01 – 2022-12-31: 91991000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2023-01-01 – 2023-12-31
USD 41.33 million
Exact value

Exact value: 41325000 USD

2023-01-01 – 2023-12-31: 41325000 USD Inspect Net Income Open source
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USD 89.52 million
Exact value

Exact value: 89520000 USD

2023-01-01 – 2023-12-31: 89520000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2024-01-01 – 2024-12-31
−USD 11.33 million
Exact value

Exact value: -11328000 USD

2024-01-01 – 2024-12-31: -11328000 USD Inspect Net Income Open source
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USD 98.25 million
Exact value

Exact value: 98248000 USD

2024-01-01 – 2024-12-31: 98248000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2026 2025-01-01 – 2025-12-31
USD 17.1 million
Exact value

Exact value: 17101000 USD

2025-01-01 – 2025-12-31: 17101000 USD Inspect Net Income Open source
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USD 98.45 million
Exact value

Exact value: 98453000 USD

2025-01-01 – 2025-12-31: 98453000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

220 filings · 5,831 latest values · 5,831 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000798359, 798359, CSR, edgar:798359

Also known as CENTERSPACE, INVESTORS REAL ESTATE TRUST, Investors Real Estate Trust