Centerspace Q4 net loss $0.65/sh; FY Core FFO $4.78; same-store NOI +9%; dividend increase and 2024 outlook

CENTERSPACE

2023-FY EPS reported $2.32 revenue$261,309,000

Q4 net loss per diluted share ($0.65) vs ($0.24) prior year; full year net income $2.32 vs ($1.35).
Core FFO per diluted share $1.22 in Q4 (vs $1.17) and $4.78 for full year (vs $4.43).
Same-store NOI increased 7.6% in Q4 and 9.0% for full year YoY.
Company announced dividend increase and provided 2024 financial outlook (specifics not in excerpt).
Entered employment agreement with CFO Bhairav Patel: $400k base salary, STI/LTI targets 100% each.

item 2.02 item 9.01 item 5.02

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, 2023 results: net income $2.32 per diluted share, EPS $2.32 per diluted share. Guidance initiated.

Period: the year ended December 31, 2023
Net income: $2.32 per diluted share
EPS: $2.32 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Centerspace (NYSE: CSR) announced today its financial and operating results for the year ended December 31, 2023.

View on SEC.gov

Browse all earnings releases →

CENTERSPACE filing history →

Source: SEC EDGAR

accession 0000798359-24-000021

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.