Centerspace Reports Third Quarter 2024 Financial Results and Raises Mid-Point for 2024 Core FFO per Share Guidance

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MINNEAPOLIS, Oct. 28, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the three and nine months ended September 30, 2024. The tables below show Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three and nine months ended September 30, 2024; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; along with Same-Store Weighted-Average Occupancy and leasing rates for each of the three and applicable nine months ended September 30, 2024, June 30, 2024, and September 30, 2023.



Three Months Ended September 30,


Nine Months Ended September 30,

Per Common Share


2024


2023


2024


2023

Net income (loss) - diluted


$                        (0.40)


$                          0.41


$                  (0.96)


$                    2.96

FFO - diluted(1)


$                          1.01


$                          1.15


$                    3.40


$                    3.15

Core FFO - diluted(1)


$                          1.18


$                          1.20


$                    3.68


$                    3.56

 



Year-Over-Year

Comparison


Sequential

Comparison


YTD Comparison

Same-Store Results(2)


Q3 2024 vs. Q3 2023


Q3 2024 vs. Q2 2024


2024 vs. 2023

Revenues


3.0 %


— %


3.3 %

Expenses


3.2 %


5.8 %


2.0 %

NOI(1)


2.8 %


(3.7) %


4.2 %

 

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