Centerspace posts full-year 2024 net loss of $1.27/diluted share vs $2.32 profit in 2023

CENTERSPACE

2024-FY EPS reported -$1.27 revenue$260,983,000

Core FFO per diluted share rose 2.1% to $4.88 in 2024 from $4.78 in 2023.
Same-store NOI increased 3.7% YoY, driven by 3.3% revenue growth and 2.7% expense growth.
Same-store blended lease rate growth slowed to 1.9% in 2024 from 3.3% in 2023.
Same-store weighted average occupancy improved to 95.2% from 94.9%, but retention fell to 56.6% from 59.0%.
Company also adopted non-substantive updates to Code of Conduct and Financial Code of Ethics.

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