Jay Rosenberg
Effective July 8, 2024, the Board of Trustees (the “Board”) of Centerspace (the “Company”) appointed Jay Rosenberg as a Trustee.
Highest-materiality recent filing
Centerspace approves $240-245M asset sales; exits Bismarck and Rapid City
Plans $240-245M of asset sales in 2026 across 12 communities, exiting Bismarck and Rapid City plus one Denver property.
Centerspace reports Q1 2026 net loss $0.77/shr, Core FFO $1.12 vs $1.21 YoY; reaffirms 2026 outlook
Net loss diluted $0.77 per share vs $0.22 loss in Q1 2025.
Centerspace Q4 net loss per share widens to $1.10; FFO rises to $1.14
Q4 2025 net loss per share $(1.10) vs $(0.31) in Q4 2024; diluted FFO $1.14 vs $1.09, Core FFO $1.25 vs $1.21.
Centerspace Q3 net income $3.19/diluted share, FFO $1.19, Core FFO $1.19
Net income diluted per share $3.19 vs $(0.40) in Q3 2024; FFO diluted $1.19 vs $1.01.
Centerspace sells five St. Cloud communities for $124M, exits market
Completed sale of five St. Cloud, MN communities (832 homes) for $124.0M.
Centerspace Q2 net loss widens to $0.87/share; authorizes $100M share repurchase
Q2 net loss per share $0.87 vs $0.19 prior year; Core FFO flat at $1.28.
Acquired Sugarmont in Salt Lake City for $149M; signed to buy 420-home Fort Collins community for ~$132M including $76M debt assumption.
Centerspace Q1 net loss narrows to $0.22/share; reaffirms 2025 Core FFO guidance
Net loss per diluted share $(0.22) vs $(0.37) in Q1 2024; FFO diluted $1.17 vs $1.16.
Centerspace posts full-year 2024 net loss of $1.27/diluted share vs $2.32 profit in 2023
Core FFO per diluted share rose 2.1% to $4.88 in 2024 from $4.78 in 2023.
Centerspace reports Q3 net loss of $0.40/diluted share; raises 2024 Core FFO guidance midpoint
Net loss per diluted share of ($0.40) vs net income of $0.41 in Q3 2023.
Centerspace expands Denver presence with $54M acquisition of The Lydian; redeems Series C preferred
Acquired 129-home community The Lydian in Denver for $54M; includes 23K sq ft retail space.
Centerspace increases ATM offering capacity by $250M to $500M; adds agents, shortens settlement
Amendment raises maximum aggregate offering price by $250M to $500M under Equity Distribution Agreement.
Centerspace declares $0.75 quarterly div, redeems Series C Preferred $98.64M via ATM
Quarterly common dividend of $0.75/share payable Oct 10, 2024 to holders of record Sept 30.
Centerspace reports Q2 2024 FFO of $1.23/sh, raises 2024 Core FFO guidance mid-point
Net loss per share improved to -$0.19 from -$0.23 in Q2 2023.
Centerspace Q1 Core FFO $1.23/share, raises 2024 Core FFO guidance mid-point
Net loss per diluted share $(0.37) vs $2.76 year ago; Core FFO up 15% YoY to $1.23.
Effective July 8, 2024, the Board of Trustees (the “Board”) of Centerspace (the “Company”) appointed Jay Rosenberg as a Trustee.
Max materiality 0.85 · Median 0.45 · Most common event other_material