Centerspace Q1 Core FFO $1.23/share, raises 2024 Core FFO guidance mid-point

CENTERSPACE

2024-Q1 EPS reported -$0.37 revenue$64,506,000

Net loss per diluted share $(0.37) vs $2.76 year ago; Core FFO up 15% YoY to $1.23.
Same-store NOI increased 7.5% YoY on 3.5% revenue growth and 2.2% expense decline.
Same-store occupancy 94.6% vs 94.9% in Q1 2023 and 94.8% in Q4 2023.
Company raised mid-point of 2024 Core FFO per share guidance.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CENTERSPACE reported three months ended March 31, 2024 results: net income $(0.37). Guidance raised.

Period: three months ended March 31, 2024
Net income: $(0.37)
Guidance: raised
Result: reported results

Exact text from the filing

Centerspace (the "Company") issued an earnings release on April 29, 2024, announcing certain financial and operational results for the three months ended March 31, 2024.

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Source: SEC EDGAR

accession 0000798359-24-000040

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