Centerspace Reports Second Quarter 2026 Financial & Operating Results

Centerspace announced its financial and operating results for the second quarter ended June 30, 2026. The company reported a net loss of $0.07 per diluted share, compared to a net loss of $0.87 per diluted share in the prior year. Funds from Operations (FFO) per diluted share were $1.20, and Core FFO per diluted share were $1.27. Same-store revenues saw a slight increase, with a 0.3% rise in same-store Net Operating Income (NOI). The company disposed of an apartment community in Denver for $30.0 million and reported a revenue decrease of 4.0% compared to the prior year, primarily due to prior year dispositions. Centerspace ended the quarter with $242.6 million in total liquidity. Subsequent events include the disposition of apartment communities in South Dakota and Minnesota for a combined $139.8 million. The company has updated its 2026 financial outlook to reflect these disposition activities.