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

MINNEAPOLIS, April 29, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced today its financial and operating results for the three months ended March 31, 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 months ended March 31, 2024; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; and Same-Store Weighted-Average Occupancy for each of the three months ended March 31, 2024, December 31, 2023, and March 31, 2023. Three Months Ended March 31, Per Common Share 2024 2023 Net income (loss) - diluted $                        (0.37) $                          2.76 FFO - diluted(1) $                          1.16 $                          0.89 Core FFO - diluted(1) $                          1.23 $                          1.07 Year-Over-Year Comparison Sequential Comparison Same-Store Results(2) Q1 2024 vs. Q1 2023 Q1 2024 vs. Q4 2023 Revenues 3.5 % 0.5 % Expenses (2.2) % (0.1) % NOI(1) 7.5 % 0.9 %