CSR · Centerspace

Summary

Centerspace announced financial results for the year ended December 31, 2025, reporting net income of $1.02 per diluted share, Core FFO of $4.93 per diluted share, and operating income of $64.5 million, compared to a net loss of $1.27 per diluted share in 2024. The company provided 2026 guidance, announced a quarterly dividend, disclosed property acquisitions and dispositions, and noted an ongoing strategic review.

Key takeaways

• Net income $1.02 per diluted share for year ended December 31, 2025 vs $(1.27) in 2024
• Core FFO $4.93 per diluted share for 2025 vs $4.88 in 2024
• Operating income $64.5 million for 2025 vs $20.5 million in 2024
• Acquired Sugarmont and Railway Flats for $281.2 million aggregate including $76.5 million mortgage debt
• Sold twelve non-core apartments and one office for $215.5 million aggregate
• 2026 Core FFO guidance $4.81-$5.05 per diluted share
• Quarterly dividend $0.77 per share payable April 14, 2026
• $267.9 million total liquidity at December 31, 2025