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Nov 3, 2025 4:40 PM

Centerspace Reports Third Quarter 2025 Financial & Operating Results and Updates 2025 Financial Outlook

MINNEAPOLIS, Nov. 3, 2025 /PRNewswire/ -- Centerspace (NYSE:CSR) (the "Company") announced today its financial and operating results for the three and nine months ended September 30, 2025. The tables below show Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three and nine months ended September 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 September 30, 2025, June 30, 2025, and September 30, 2024 and the nine months ended September 30, 2025 and 2024.

Three Months Ended September 30,

Nine Months Ended September 30,

Per Common Share

2025

2024

2025

2024

Net income (loss)  - diluted

$                          3.19

$                        (0.40)

$                    2.12

$                  (0.96)

FFO - diluted(1)

$                          1.19

$                          1.01

$                    3.60

$                    3.40

Core FFO - diluted(1)

$                          1.19

$                          1.18

$                    3.68

$                    3.68

 

Year-Over-Year

Comparison

Sequential

Comparison

YTD Comparison

Same-Store Results(2)

Q3 2025 vs. Q3 2024

Q3 2025 vs. Q2 2025

2025 vs. 2024

Revenues

2.4 %

— %

2.8 %

Expenses

(0.8) %

3.0 %

2.6 %

NOI(1)

4.5 %

(1.8) %

3.0 %

 

Three months ended

Nine months ended

Same-Store Results(2)

September 30,2025

June 30,2025

September 30,2024