Centerspace Reports Third Quarter 2026 Financial & Operating Results
Key Highlights
- ➤Centerspace (CSR) sold 13 communities for $288.8 million, lifting 2026 dispositions to $318.8 million
- ➤Core FFO fell 6.7% to $1.11 per diluted share year over year
- ➤Same-store NOI declined 2.7% as expenses rose 4.2% and revenues stayed flat
- ➤Centerspace repaid its credit line, cut capacity $150 million, and reached 6.3x net debt to Adjusted EBITDA
- ➤Centerspace will stop providing financial guidance amid its proposed 3.8-for-1 IRT share merger
Centerspace Reports Third Quarter 2026 Financial & Operating Results PR Newswire
MINNEAPOLIS, Nov. 2, 2026 /PRNewswire/ -- Centerspace (NYSE: CSR) (the "Company") announced today its financial and operating results for the three and nine months ended September 30, 2026. The tables below show Net Income, Funds from Operations ("FFO")(1), and Core FFO(1), all on a per diluted share basis, for the three and nine months ended September 30, 2026; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")(1) over comparable periods; and Same-Store Weighted Average Occupancy, Lease Rate Growth, and Resident Retention for each of the three months ended September 30, 2026, June 30, 2026, and September 30, 2025 and the nine months ended September 30, 2026 and 2025.
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