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

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