)

Centerspace (CSR) investor relations material
Centerspace Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue rose 5.4% year-over-year to $68.5 million in Q2 2025, driven by same-store growth and acquisitions, with Core FFO per diluted share up to $1.28.
Net loss per diluted share widened to $0.87, impacted by a $14.5 million impairment on held-for-sale properties.
Acquired Sugarmont in Salt Lake City for $149 million and Railway Flats in Colorado for $132.2 million, expanding into new markets.
Portfolio repositioning includes planned dispositions of 12 Minnesota communities (1,511 units), with anticipated sale price $210–$230 million.
Focus remains on stable, growing markets to drive demand, retention, and long-term value.
Financial highlights
Same-store revenues up 2.7% and same-store NOI up 2.9% year-over-year in Q2 2025.
Weighted average occupancy for Q2 2025 was 96.1%, up from 95.5% a year ago.
Core FFO per diluted share was $1.28 in Q2 2025; FFO for Q2 2025 was $24.5 million, up 10.8% year-over-year.
Net loss available to common shareholders was $14.5 million for Q2 2025, compared to $2.9 million loss in Q2 2024.
Adjusted EBITDA for Q2 2025 was $34.9 million, up from $33.1 million in Q2 2024.
Outlook and guidance
2025 Core FFO per diluted share guidance is $4.88–$5.00, with same-store NOI growth of 2.5–3.5%.
Net loss per share guidance revised to $2.50–$2.76, reflecting anticipated gains on asset sales.
Revenue growth midpoint maintained at 2.5% for 2025; expense growth expected at 1–2.5%.
Value-add capital expenditures projected at $16–18 million; disposition proceeds at $210–230 million.
Net debt to EBITDA expected to return to low to mid-7x by year-end.
Next Centerspace earnings date

Next Centerspace earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage