Centerspace released an investor presentation detailing Q1 2026 financial and operational results, same-store leasing spreads, and market fundamentals via Item 7.01 disclosure.
Key takeaways
Owns and operates 12,263 apartments with $2.2 billion total capitalization as of March 31, 2026.
Q1 2026 same-store blended leasing spreads at 0.1%, new leases at 1.5%, renewals at -3.4%.
Q2 2026 YTD same-store blended spreads at 1.8% through April 30, showing normal seasonal patterns.
Trading at 10% discount to S&P Capital IQ Consensus NAV as of May 6, 2026.
Markets feature lower volatility (3.8% SS NOI std dev vs US 1.6%), higher household growth (5.0% vs 3.4%).
Limited new supply and high occupancy position Centerspace markets for rent growth.