MINNEAPOLIS, Aug. 4, 2025 /PRNewswire/ — Centerspace (NYSE:CSR) announced today its financial and operating results for the three and six months ended June 30, 2025. The tables below show Net Loss, Funds from Operations (“FFO”)1, and Core FFO1, all on a per diluted share basis, for the three and six months ended June 30, 2025; Same-Store Revenues, Expenses, and Net Operating Income (“NOI”)1 over comparable periods; and Same-Store Weighted Average Occupancy, Lease Rate Growth, and Resident Retention for each of the three months ended June 30, 2025, March 31, 2025, and June 30, 2024 and the six months ended June 30, 2025 and 2024.
|
Three Months Ended June 30, |
Six Months Ended June 30, |
|||||||
|
Per Common Share |
2025 |
2024 |
2025 |
2024 |
||||
|
Net loss – diluted |
$ (0.87) |
$ (0.19) |
$ (1.09) |
$ (0.56) |
||||
|
FFO – diluted(1) |
$ 1.24 |
$ 1.23 |
$ 2.42 |
$ 2.39 |
||||
|
Core FFO – diluted(1) |
$ 1.28 |
$ 1.27 |
$ 2.50 |
$ 2.49 |
||||
|
Year-Over-Year Comparison |
Sequential Comparison |
|||
|
Same-Store Results(2) |
Q2 2025 vs. Q2 2024 |
Q2 2025 vs. Q1 2025 |
||
|
Revenues |
2.7 % |
1.1 % |
||
|
Expenses |
2.4 % |
(1.3) % |
||
|
Net Operating Income (“NOI”)(1) |
2.9 % |
2.6 % |
|
Three months ended |
Six months ended |
|||||||||
|
Same-Store Results(2) |
June 30, 2025 |
March 31, 2025 |
June 30, 2024 |
June 30, 2025 |
June 30, 2024 |
|||||
|
Weighted Average Occupancy |
||||||||||