For Q1 FY2026 ended March 31, 2026, Centerspace reported revenue of $65.1 million, down 3.0% year-over-year. Net loss was $12.9 million, compared to a net loss of $3.7 million in the prior year quarter. Operating loss was $5.4 million, versus operating income of $4.7 million a year ago. Diluted EPS was -$0.77, down from -$0.22.
•Revenue decreased 3.0% YoY to $65.1 million.
•Net loss widened to $12.9 million from $3.7 million.
•Operating income turned to a loss of $5.4 million.
•Diluted EPS was -$0.77, compared to -$0.22.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. As of March 31, 2026, Centerspace owned 61 apartment communities consisting of 12,263 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah.
Centerspace was named a top workplace for the sixth consecutive year in 2025 by the Minnesota Star Tribune. Centerspace was established and incorporated on July 31, 1970 in North Dakota and is based in Minot, North Dakota.
Centerspace is a real estate investment trust (REIT) that owns and operates apartment communities. The company focuses on providing quality rental homes with an emphasis on integrity and serving its residents. As of March 31, 2026, Centerspace's portfolio includes 61 apartment communities comprising 12,263 homes. The company operates in seven U.S. states: Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. Centerspace has been recognized as a top workplace for six consecutive years as of 2025 by the Minnesota Star Tribune, reflecting its commitment to employee satisfaction and corporate culture.
Where is Centerspace (CSR) listed and in which currency?
Centerspace is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol CSR. The company's shares are denominated in U.S. dollars (USD), which is the currency used for trading and financial reporting. As a U.S.-based REIT, Centerspace's financial performance and dividends are paid in USD, making it accessible to investors on major U.S. stock exchanges.
What sector and industry does Centerspace (CSR) operate in?
Centerspace operates in the Real Estate sector, specifically within the REIT - Residential industry. As a residential REIT, the company focuses on owning and managing apartment communities that generate rental income. This industry classification means Centerspace is required to distribute a significant portion of its taxable income to shareholders as dividends, which is typical for REITs. The company's properties are located across multiple states in the U.S., providing diversified exposure to various regional rental markets.
Where is Centerspace (CSR) headquartered and what markets does it serve?
Centerspace is headquartered in Minot, North Dakota, and was established and incorporated in the state on July 31, 1970. The company serves residential rental markets in seven U.S. states: Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. Its portfolio of 61 apartment communities (12,263 homes) is concentrated in these regions, with a focus on providing quality housing in both urban and suburban areas. The company's long history in North Dakota and its recognition as a top workplace in Minnesota highlight its strong regional presence.
How does Centerspace (CSR) make money?
Centerspace generates revenue primarily by leasing apartment units in its owned communities to residents. As a REIT, its business model involves acquiring, developing, and managing residential properties to produce rental income. The company's portfolio of 61 apartment communities with 12,263 homes across seven states provides a diversified stream of rental payments. By focusing on operational efficiency and resident satisfaction, Centerspace aims to maintain high occupancy rates and steady cash flow. This rental income is then used to cover expenses, fund property improvements, and pay dividends to shareholders, as required by REIT regulations.