Centerspace Reports Q2 2026 Financial Results and Updates Outlook Following Disposition Activity
Centerspace (NYSE: CSR) reported its financial results for the second quarter of 2026, showing a net loss per diluted share of $0.07 compared to $0.87 in Q2 2025 due primarily to impairment charges recognized in the prior year. Core FFO decreased slightly by 0.8% to $1.27 from $1.28 over the same period, driven largely by asset sales and offset partially by improved NOI from non-same-store communities. The company disposed of an apartment community with 176 units in Denver for $30 million during Q2 and completed additional dispositions post-quarter-end totaling five properties (474 homes) in Rapid City for $66 million. Same-store revenues remained stable, while expenses were down slightly; same-store NOI increased by 0.3% year-over-year. Centerspace ended the quarter with strong liquidity of $242.6 million and repurchased approximately 45,000 shares at an average price of $55.54 per share.
Tickers: $CSR
Topics: earnings net_loss real_estate revenue