Thu, May 1, 8:52 PM (16 days ago)
**Centerspace (CSR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $67.1 million, up 4.0% YoY. - **Net Loss:** $4.2 million, improved from $4.8 million YoY. - **Core FFO per diluted share:** $1.21, down 1.6% YoY. - **Same-store NOI:** Up 2.1% YoY. - **Occupancy:** 95.6%, up from 94.6% YoY. **Profit Margins & Cash Flow:** - **Operating Income:** $4.7 million, up 16.5% YoY. - **Net Operating Income (NOI):** $40.4 million, up 2.3% YoY. - **Cash Flow from Operations:** $25.4 million, up 4.2% YoY. **Earnings Changes & Trends:** - **Revenue Growth:** Driven by same-store and non-same-store communities. - **NOI Growth:** Same-store NOI up 2.1% YoY. - **Occupancy Improvement:** Weighted average occupancy increased to 95.6%. - **Expenses:** Property operating expenses up 6.6% YoY, driven by real estate taxes and utilities. **Uncertainties & Future Operations:** - **Economic Uncertainties:** Inflation, geopolitical risks, and supply chain challenges. - **Liquidity:** $223.2 million in total liquidity, including $211.3 million available on lines of credit. - **Debt:** $955.5 million in total debt, with a weighted average interest rate of 3.57%. - **Equity:** $863.4 million in total equity, with 16.7 million common shares outstanding. **Impact on Future Operations:** - **Capital Expenditures:** $5.0 million spent on capital improvements. - **Distributions:** $14.7 million paid in distributions. - **Share Repurchase Program:** Expired on March 10, 2025. **Ticker:** CSR