Centerspace posts 2024 net loss of $1.27 a share; Core FFO rises 2.1% to $4.88
Centerspace reported results for the year ended December 31, 2024, showing a net loss of $1.27 per diluted share compared with net income of $2.32 in 2023. Core FFO per diluted share rose 2.1% to $4.88, and the company gave 2025 guidance of $4.86 to $5.10 in Core FFO per diluted share. The filing also amended its Code of Conduct and Code of Ethics for Senior Financial Officers, which the company says make no material change to obligations.
Key points
- Full-year 2024 net loss of $1.27 per diluted share, versus net income of $2.32 in 2023; fourth-quarter net loss was $0.31 per share
- Core FFO of $4.88 per diluted share for 2024, up from $4.78; same-store NOI grew 3.7%
- 2025 guidance: Core FFO of $4.86 to $5.10 per diluted share; net loss of $0.71 to $0.45 per diluted share
- Quarterly distribution of $0.77 per share, payable April 8, 2025 to holders of record March 28, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.