Earnings ·
Centerspace reported a net loss of $0.07 per diluted share for the second quarter ended June 30, 2026, compared to a…
CSRCenterspace
Centerspace reported a net loss of $0.07 per diluted share for the second quarter ended June 30, 2026, compared to a $0.87 loss in the prior year period, primarily due to impairments recognized previously. Funds from Operations (FFO) were $1.20 per diluted share and Core FFO was $1.27 per diluted share. The company disposed of one apartment community for $30.0 million during the quarter and completed two additional dispositions in July totaling $139.8 million, with proceeds intended to pay down its line of credit. Management updated its 2026 financial outlook, lowering expected FFO per share to a range of $4.37–$4.50 from previous estimates. The company also repurchased 45,310 common shares at an average price of $55.54 and maintains $242.6 million in total liquidity. Centerspace is a real estate investment trust that owns and operates apartment communities.