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.

item 2.02 item 9.01 item 5.05

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CENTERSPACE: Board approved updated Code of Conduct and Code of Ethics for Senior Financial Officers, including clarifying and non-substantive revisions (effective 2025-02-18).

Change: code of ethics
Effective: 2025-02-18

Exact text from the filing

on February 18, 2025, the Board of Trustees of Centerspace (the “Company”) approved and adopted updated and revised versions of the Company’s (i) Code of Conduct (the “Code of Conduct”) and (ii) Code of Ethics for Senior Financial Officers (the “Financial Code of Ethics”).

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CENTERSPACE filing history →

Source: SEC EDGAR

accession 0000798359-25-000012

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