Earnings ·
Centerspace reports Q3 diluted net income of $7.28 per share and Core FFO of $1.11
CSRCenterspace
Centerspace reported third-quarter 2026 results driven by a $150.3 million gain on the sale of real estate, resulting in diluted net income of $7.28 per share compared to $3.19 in the prior year period. Core FFO per diluted share decreased 6.7% to $1.11 from $1.19, reflecting property dispositions and a 2.7% decline in same-store Net Operating Income due to rising operating expenses. The company disposed of thirteen apartment communities for $288.8 million during the quarter and fully repaid its line of credit balances. Additionally, Centerspace announced it will no longer provide financial guidance in light of its proposed merger with Independence Realty Trust, where shareholders are set to vote on November 10, 2026. The company is an owner and operator of apartment communities located in the Mountain West region.