Centerspace Q1 revenue rises 4.0% to $67.1 million; Core FFO dips to $1.21
Centerspace reported first-quarter 2025 results on May 1, 2025, with revenue up 4.0% to $67.1 million and a narrower net loss of $0.22 per diluted share versus $0.37 a year earlier. Core FFO per diluted share fell 1.6% to $1.21, which the company attributed to higher same-store property taxes, and it reaffirmed its 2025 Core FFO guidance of $4.86 to $5.10 per share.
Key points
- Revenue rose $2.6 million, or 4.0%, to $67.1 million from $64.5 million in Q1 2024
- Net loss was $0.22 per diluted share, compared with $0.37 in Q1 2024
- Core FFO per diluted share was $1.21 versus $1.23, down 1.6%, due to a $0.06 per share increase in same-store property taxes
- 2025 guidance was reaffirmed, including Core FFO of $4.86 to $5.10 per diluted share and same-store NOI growth of 1.25% to 3.25%
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 May 01, 2025.
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