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

Centerspace cuts 2026 FFO and Core FFO outlook as Q2 revenue falls 4.0%

Negative Impact 4 of 5 guidance Written later

Centerspace reported second-quarter 2026 net loss of $0.07 per diluted share, narrowing from $0.87 a year earlier, which the company attributed mainly to a prior-year impairment. Revenue fell 4.0% to $65.8 million and Core FFO per diluted share slipped to $1.27 from $1.28, and the company lowered its 2026 FFO and Core FFO ranges, citing expected dispositions and a deleveraging plan. Shareholders face a smaller expected earnings base after the sales, though the company also outlined potential special distributions of $50.0 million to $60.0 million.

Key points

  • Q2 2026 net loss was $0.07 per diluted share vs. $0.87 a year earlier; FFO was $1.20 vs. $1.24 and Core FFO was $1.27 vs. $1.28
  • Updated 2026 FFO outlook is $4.37 to $4.50 per diluted share, down from $4.65 to $4.92; Core FFO outlook is $4.58 to $4.68, down from $4.81 to $5.05
  • July 2026 dispositions: $66.0 million (Rapid City, July 9) and $73.8 million (Minneapolis, July 14); 2026 gross disposition proceeds assumed at $315.0 million to $320.0 million
  • Second-quarter share repurchase of 45,310 shares at an average of $55.54; total liquidity was $242.6 million at June 30, 2026

The filing

CompanyCenterspace Trust (CSR)
Form8-K, current report
Filed with the SECAug 3, 2026, 4:16 PM ET
Accession number0000798359-26-000079

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 August 03, 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.