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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 %