Centerspace reports FY2022 Core FFO of $4.43/share, up 11% YoY; provides 2023 outlook

CENTERSPACE

2022-FY EPS reported -$1.35 revenue$256,716,000

Net loss per share diluted $(1.35) for FY2022 vs $(0.47) prior year; Q4 net loss $(0.24).
Core FFO diluted $4.43 for FY2022, up from $3.99 in FY2021; Q4 Core FFO $1.17.
Same-store NOI increased 9.0% for FY2022, driven by 10.0% revenue growth partially offset by 11.6% expense growth.
Same-store weighted average occupancy improved to 94.5% for FY2022 from 94.3% in FY2021; Q4 occupancy 94.9%.
Company provided 2023 financial outlook (specifics not detailed in excerpt).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CENTERSPACE reported the year ended December 31, 2022 results: EPS Net loss per share - diluted $ (1.35).

Period: the year ended December 31, 2022
EPS: Net loss per share - diluted $ (1.35)
Result: reported results

Exact text from the filing

Centerspace (the "Company") issued an earnings release on February 21, 2023, announcing certain financial and operational results for the year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000798359-23-000014

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