earnings
confidence high
sentiment neutral
materiality 0.60
Centerspace Q1 net loss narrows to $0.22/share; reaffirms 2025 Core FFO guidance
CENTERSPACE
2025-Q1 EPS reported
-$0.22
revenue$67,093,000
- Net loss per diluted share $(0.22) vs $(0.37) in Q1 2024; FFO diluted $1.17 vs $1.16.
- Core FFO per diluted share $1.21 vs $1.23 YoY; 2025 Core FFO guidance reaffirmed.
- Same-store revenue +3.5% YoY, expenses +5.8%, NOI +2.1%; occupancy 95.8% (up from 94.6%).
- Blended lease rate growth +0.7% (new -1.1%, renewal +3.5%); retention rate 49.2%.