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AI brief of an SEC Form 8-K · Centerspace Trust (CSR)

Centerspace Q1 Net Loss Rises to $0.77 a Share; Core FFO Falls 7.4% to $1.12

Negative Impact 4 of 5 earnings Written later

Centerspace reported a first-quarter 2026 net loss of $0.77 per diluted share, against a $0.22 loss a year earlier, and Core FFO of $1.12 per diluted share, down 7.4%, as revenue fell 3.0% after the sale of 12 apartment communities in 2025. The company widened its 2026 net loss outlook to $(0.95) to $(0.66) per share from $(0.49) to $(0.19), kept its Core FFO outlook at $4.81 to $5.05, and said its strategic review is ongoing with no assurance of a transaction.

Key points

  • Q1 2026 net loss of $0.77 per diluted share vs. $0.22 in Q1 2025; FFO of $1.07 vs. $1.17; Core FFO of $1.12 vs. $1.21
  • Revenue of $65.1 million, down 3.0% from $67.1 million; same-store NOI down 1.1% year over year
  • 2026 net loss per diluted share outlook changed to $(0.95) to $(0.66) from $(0.49) to $(0.19); Core FFO outlook unchanged at $4.81 to $5.05
  • Board expects to give a more substantive strategic review update before or with the Q2 2026 earnings release; earnings call is May 5, 2026 at 10:00 a.m. Eastern

The filing

CompanyCenterspace Trust (CSR)
Form8-K, current report
Filed with the SECMay 4, 2026, 4:16 PM ET
Accession number0000798359-26-000039

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing 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 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.