Centerspace reported third-quarter 2026 results, with diluted net income of $7.28 per share versus $3.19 a year earlier, driven mainly by a $150.3 million gain on property sales. Core FFO per diluted share fell 6.7% to $1.11, and revenue declined 16.6% to $59.5 million, mainly due to apartment dispositions. The company will no longer provide guidance because of its pending merger with Independence Realty Trust, under which each Centerspace share would convert into 3.8 IRT shares.
Diluted net income was $7.28 per share for Q3 2026, compared with $3.19 in Q3 2025, primarily due to a higher gain on sale of real estate.
Core FFO per diluted share was $1.11, down from $1.19 a year earlier; FFO per diluted share was $0.83 versus $1.19.
Same-store NOI fell 2.7% year over year, and revenue fell 16.6% to $59.5 million on property sales.
Centerspace will no longer provide 2026 guidance; a special shareholder meeting on the IRT merger is set for November 10, 2026.
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From Centerspace Trust's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$273.66M
+4.9%
$1.02
—
6.2%
FY2024
$260.98M
-0.1%
$-1.27
-154.7%
-4.3%
FY2023
$261.31M
+1.8%
$2.32
—
15.8%
FY2022
$256.72M
+27.3%
$-1.35
—
-5.5%
FY2021
$201.71M
+13.3%
$-0.47
—
-0.0%
Frequently asked questions
When is Centerspace Trust's next earnings date?
Centerspace Trust has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Centerspace Trust earn last quarter?
For the quarter ended Sep 2026, Centerspace Trust reported diluted EPS of $7.28 (+128.2% year over year) on revenue of $917.00K (-33.3%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.