secwatch.observer — SEC 8-K summary
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Issuer:     CENTERSPACE (CSR)
CIK:        0000798359
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0000798359-23-000112
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Centerspace reports Q3 YTD NOI growth 9.5%, reaffirms 2023 FFO guidance
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- Q3 YTD 2023 same-store revenue +8.3%, expenses +6.6%, NOI +9.5% (above mid-point of guidance).
- Full-year 2023 FFO guidance $4.20-$4.27 per share; Core FFO $4.63-$4.71.
- Renewal leasing spreads 4.8% in Q3 2023; blended spread 3.8% QTD October.
- October 2023 Lake Vista acquisition closed; apartment count now 13,088.
- Weighted avg interest rate 3.46%; minimal debt maturities through 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798359/000079835923000112/0000798359-23-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798359/000079835923000112/csr-20231113.htm
  HTML page:      https://secwatch.observer/filing/0000798359-23-000112

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