secwatch.observer — SEC 8-K summary
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Issuer:     CENTERSPACE (CSR)
CIK:        0000798359
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0000798359-25-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01, 5.05
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798359/000079835925000012/0000798359-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798359/000079835925000012/iret-20250218.htm
  HTML page:      https://secwatch.observer/filing/0000798359-25-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer