Company research
Sterling Real Estate Trust
CIK 1412502
Filing activity
Latest filing
50 filings on record · 8-K, 4, 10-Q, DEFA14A, DEF 14A, 10-K.
Recent filings
Entry into a Material Definitive Agreement
Items 1.01, 9.01
4 filing
10-Q filing
Submission of Matters to a Vote of Security Holders
Items 5.07
10-Q filing
Show 5 more recent filings
Entry into a Material Definitive Agreement
Items 1.01, 9.01
DEFA14A filing
DEF 14A filing
Entry into a Material Definitive Agreement
Items 1.01, 9.01
10-K filing
Financials
FY 2025 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 978,628,000Source | 937,710,000Source | 854,833,000Source | 888,723,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 1,998,000Source | 2,541,000Source | 2,983,000Source | 5,290,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 7,764,000Source | 4,798,000Source | 26,919,000Source | 3,257,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 643,036,000Source | 608,772,000Source | 553,513,000Source | 565,257,000Source |
| Stockholders’ equity: | ||||
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 6,425,000Source | 11,461,000Source | 11,362,000Source | 13,782,000Source |
| Liabilities and EquityUSD | 978,628,000Source | 937,710,000Source | 854,833,000Source | 888,723,000Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 9,589,000Source | 9,039,000Source | 8,579,000Source | 8,493,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 33,391,000Source | 18,343,000Source | 7,656,000Source | 24,532,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 54,831,000Source | 46,559,000Source | 48,546,000Source | 40,770,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -50,816,000Source | -40,841,000Source | 16,745,000Source | -107,960,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 9,679,000Source | 11,915,000Source | 4,995,000Source | 2,077,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,364,000Source | -27,854,000Source | -40,810,000Source | 19,114,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 29,072,000Source | 27,104,000Source | 26,356,000Source | 25,310,000Source |
| Repayments of Long-term DebtUSD | 50,081,000Source | 65,677,000Source | 53,246,000Source | 22,231,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,651,000Source | -22,136,000Source | 24,481,000Source | -48,076,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 17,576,000Source | 14,925,000Source | 37,061,000Source | 12,580,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 25,623,000Source | 23,494,000Source | 20,593,000Source | 19,305,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 650,000Source | 625,000Source | 627,000Source | 675,000Source |
| Amortization of Intangible AssetsUSD | 1,978,000Source | 2,908,000Source | 1,747,000Source | 2,518,000Source |
| DepreciationUSD | 26,423,000Source | 24,580,000Source | 23,257,000Source | 22,161,000Source |
| Dividends PayableUSD | 9,589,000Source | 9,039,000Source | 8,579,000Source | 8,493,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 0Source | 0Source | 0Source | 0Source |
| Financing Interest ExpenseUSD | 26,858,000Source | 24,463,000Source | 21,435,000Source | 19,994,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | 118,000Source | — | — | — |
| Gains (Losses) on Sales of Investment Real EstateUSD | 12,159,000Source | 3,069,000Source | 2,597,000Source | 11,090,000Source |
| General and Administrative ExpenseUSD | 5,843,000Source | 5,446,000Source | 5,430,000Source | 5,247,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -3,518,000Source | -3,937,000Source | -2,959,000Source | -2,339,000Source |
| Net Income (Loss) Attributable to ParentUSD | 13,879,000Source | 7,255,000Source | 2,893,000Source | 8,921,000Source |
| Operating Costs and ExpensesUSD | 144,366,000Source | 136,369,000Source | 130,488,000Source | 115,811,000Source |
| Operating Lease, Lease IncomeUSD | 162,623,000Source | 151,084,000Source | 137,478,000Source | 129,898,000Source |
| Payments of Financing CostsUSD | 931,000Source | — | 525,000Source | 408,000Source |
| Proceeds from Issuance of Common StockUSD | 312,000Source | 31,187,000Source | — | — |
| Proceeds from Issuance of Long-term DebtUSD | — | 30,803,000Source | 67,911,000Source | 37,569,000Source |
| Proceeds from Noncontrolling InterestsUSD | 3,688,000Source | 7,219,000Source | — | — |
| Real Estate Tax ExpenseUSD | 16,414,000Source | 16,424,000Source | 16,203,000Source | 14,245,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | 99,000Source | -2,420,000Source | 14,732,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | -5,002,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 174,350,000Source | 159,306,000Source | 143,631,000Source | 135,060,000Source |
| Operating Income (Loss)USD | 23,406,000Source | 17,491,000Source | 5,110,000Source | 13,441,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 7,656,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | 13,879,000Source | 7,255,000Source | 2,893,000Source | 8,921,000Source |
| Earnings Per Share, BasicUSD per share | 1.07Source | 0.62Source | 0.26Source | 0.84Source |
| Earnings Per Share, DilutedUSD per share | 1.07Source | 0.62Source | 0.26Source | 0.84Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 13,012,000Source | 11,648,000Source | 11,104,000Source | 10,632,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 13,012,000Source | 11,648,000Source | 11,104,000Source | 10,632,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,978,000Source | 2,908,000Source | 1,747,000Source | 2,518,000Source |
| Cost of Property Repairs and MaintenanceUSD | 32,321,000Source | 29,251,000Source | — | — |
| Costs and ExpensesUSD | 150,944,000Source | 141,815,000Source | 138,521,000Source | 121,619,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 28,401,000Source | 27,488,000Source | 25,004,000Source | 24,679,000Source |
| Financing Interest ExpenseUSD | 26,858,000Source | 24,463,000Source | 21,435,000Source | 19,994,000Source |
| Gains (Losses) on Sales of Investment Real EstateUSD | 12,159,000Source | 3,069,000Source | 2,597,000Source | 11,090,000Source |
| General and Administrative ExpenseUSD | 5,843,000Source | 5,446,000Source | 5,430,000Source | 5,247,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -3,518,000Source | -3,937,000Source | -2,959,000Source | -2,339,000Source |
| Operating Costs and ExpensesUSD | 144,366,000Source | 136,369,000Source | 130,488,000Source | 115,811,000Source |
| Operating Lease, Lease IncomeUSD | 162,623,000Source | 151,084,000Source | 137,478,000Source | 129,898,000Source |
| Real Estate Tax ExpenseUSD | 16,414,000Source | 16,424,000Source | 16,203,000Source | 14,245,000Source |
Filing attachments
sret-20260319xex99d1.htm · 8-K · 2026-05-01
EX-99.1 2 sret-20260319xex99d1.htm EX-99.1 Exhibit 99.1 STERLING MULTIFAMILY TRUST AMENDED AND RESTATED SHARE REDEMPTION PLAN The Board of Trustees (the “Board”) of Sterling Multifamily Trust, a North Dakota real estate investment trust (the “Trust”), has adopted a share redemption plan (the “Redemption Plan”) by which shares of the Trust’s common stock, par value $0.01 per share (“Shares”), may be redeemed by the Trust from shareholders subject to certain conditions and limitations. The…
Read attachment ↗sret-20260319xex99d2.htm · 8-K · 2026-05-01
EX-99.2 3 sret-20260319xex99d2.htm EX-99.2 Exhibit 99.2 STERLING PROPERTIES, LLLP AMENDED AND RESTATED UNIT REDEMPTION PLAN The Board of Trustees (the “Board”) of Sterling Multifamily Trust, a North Dakota real estate investment trust (the “Trust”), as General Partner of Sterling Properties, LLLP, a North Dakota Limited Liability Limited Partnership (the “Limited Partnership”), has adopted a unit redemption plan (the “Redemption Plan”) by which units of the Limited Partnership, par value…
Read attachment ↗