CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenue	$ 273,662,000	$ 260,983,000	$ 261,309,000
EXPENSES
Property operating expenses, excluding real estate taxes	77,627,000	76,338,000	77,053,000
Real estate taxes	28,646,000	26,906,000	28,759,000
Property management expense	9,638,000	9,128,000	9,353,000
Casualty loss	816,000	3,307,000	2,095,000
Depreciation and amortization	113,231,000	106,450,000	101,678,000
Impairment of real estate investments	37,719,000	0	5,218,000
General and administrative expenses	20,918,000	17,802,000	20,080,000
TOTAL EXPENSES	288,595,000	239,931,000	244,236,000
Gain (loss) on sale of real estate and other investments	79,470,000	(577,000)	71,244,000
Loss on litigation settlement	0	0	(3,864,000)
Operating income	64,537,000	20,475,000	84,453,000
Interest expense	(44,884,000)	(37,280,000)	(36,429,000)
Loss on extinguishment of debt	(98,000)	0	0
Interest and other income	3,409,000	2,613,000	1,207,000
NET INCOME (LOSS)	22,964,000	(14,192,000)	49,231,000
Distributions to Series D preferred unitholders	(486,000)	(640,000)	(640,000)
Net (income) loss attributable to noncontrolling interests – Operating Partnership and Series E preferred units	(2,969,000)	3,635,000	(7,141,000)
Net income attributable to noncontrolling interests – consolidated real estate entities	(2,408,000)	(131,000)	(125,000)
Net income (loss) attributable to controlling interests	17,101,000	(11,328,000)	41,325,000
Distributions to Series C preferred shareholders	0	(4,821,000)	(6,428,000)
Redemption of Series C preferred shares	0	(3,511,000)	0
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS	17,101,000	(19,660,000)	34,897,000
NET INCOME (LOSS)	22,964,000	(14,192,000)	49,231,000
Other comprehensive loss:
Loss on derivative instrument reclassified into earnings	407,000	712,000	936,000
TOTAL COMPREHENSIVE INCOME (LOSS)	23,371,000	(13,480,000)	50,167,000
Net comprehensive (income) loss attributable to noncontrolling interests – Operating Partnership and Series E preferred units	(2,910,000)	3,745,000	(6,985,000)
Net comprehensive income attributable to noncontrolling interests – consolidated real estate entities	(2,408,000)	(131,000)	(125,000)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS	$ 18,053,000	$ (9,866,000)	$ 43,057,000
NET INCOME (LOSS) PER COMMON SHARE – BASIC (in dollars per share)	$ 1.02	$ (1.27)	$ 2.33
NET INCOME (LOSS) PER COMMON SHARE - DILUTED (in dollars per share)	$ 1.02	$ (1.27)	$ 2.32
Weighted average shares - basic (in shares)	16,728	15,504	14,994
Weighted average shares - diluted (in shares)	16,775	15,504	17,118

CENTERSPACE 10-K