Highest-materiality recent filing
Centerspace completes sale of 14 apartment communities for $318.8M; plans special distribution
Completed sale of 14 multifamily communities across Denver, Minneapolis, Rapid City, and Bismarck for aggregate gross proceeds of $318.8M.
Centerspace Q2 2026 net loss narrows to $0.07/share; FFO dips to $1.20
Net loss per diluted share of $0.07 vs. $0.87 loss in Q2 2025; Core FFO $1.27 vs. $1.28.
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.
Q4 net loss per diluted share ($0.65) vs ($0.24) prior year; full year net income $2.32 vs ($1.35).
Centerspace reports Q3 YTD NOI growth 9.5%, reaffirms 2023 FFO guidance
Q3 YTD 2023 same-store revenue +8.3%, expenses +6.6%, NOI +9.5% (above mid-point of guidance).
Centerspace Q3 2023 diluted EPS $0.41; raises 2023 Core FFO guidance mid-point
Diluted net income $0.41 per share vs loss ($0.14) in Q3 2022; Core FFO $1.20 vs $1.15.
Centerspace enters Fort Collins MSA with $94.5M acquisition; exits Minot with $82.5M sale
Acquired Lake Vista Apartment Homes (303 units, Loveland, CO) for $94.5M; assumed $52.7M debt at 3.45% interest-only through June 2024.
Centerspace Q2 2023 Core FFO $1.28/share, up 14.3% YoY; raises 2023 guidance
Q2 2023 diluted net loss $(0.23) vs $(0.30) loss in Q2 2022, FFO per share $1.11 vs $1.02.
Effective July 8, 2024, the Board of Trustees (the “Board”) of Centerspace (the “Company”) appointed Jay Rosenberg as a Trustee.
Effective January 23, 2024, the Board of Trustees (the “Board”) of Centerspace (the “Company”) appointed Ola Oyinsan Hixon as a Trustee.
The Board also approved Ms. Olson’s appointment to serve as a Trustee on the Company’s Board, effective as of March 31, 2023.
On March 23, 2023, the Board of Trustees (the “Board”) of Centerspace, a North Dakota real estate investment trust (the “Company”), approved the appointment of Anne Olson to serve as President and Chief Executive Officer of the Company, effective March 31, 2023.
Mr. Caira will cease as Chair, but will continue to serve as a Trustee.
Jones-Tyson as a Trustee.
Also effective January 18, 2022, the Board appointed John Schissel, a current Trustee, as the Chair of the Board to succeed Jeff Caira, the current Chair.
On January 10, 2022, Bhairav Patel was appointed to serve as the Chief Financial Officer of the Company effective immediately.
He will continue with the Company as an Executive Vice President.
On November 5, 2021, Bhairav Patel was appointed to serve as the Executive Vice President and Chief Financial Officer of Centerspace
Also on November 5, 2021, the Company and John A. Kirchmann, Executive Vice President and Chief Financial Officer of the Company, reached a mutual agreement for Mr. Kirchmann to be separated from his positions at the Company.
Max materiality 0.85 · Median 0.38 · Most common event other_material