earnings
confidence medium
sentiment neutral
materiality 0.70
Centerspace reports Q3 net loss of $0.40/diluted share; raises 2024 Core FFO guidance midpoint
CENTERSPACE
2024-Q3 EPS reported
-$0.96
revenue$194,574,000
- Net loss per diluted share of ($0.40) vs net income of $0.41 in Q3 2023.
- Core FFO per diluted share was $1.18, down from $1.20 YoY; FFO diluted $1.01 vs $1.15.
- Same-store NOI grew 2.8% YoY (revenue +3.0%, expenses +3.2%).
- Same-store occupancy 95.3% (up from 94.6% YoY); blended lease rate growth 1.5% (vs 3.6%).
- Company raised midpoint of 2024 Core FFO per share guidance.