Centerspace swings to profit for 2025, Core FFO up slightly

Centerspace

17/02/2026 21:24

Overview

Apartment community owner reported net income of $1.02 per share, up from a loss last year

Core FFO increased to $4.93 per share, slightly up from last year

Company acquired two apartment communities and sold 13 non-core properties

Outlook

Centerspace projects 2026 net income per share between $(0.49) and $(0.19)

Company expects 2026 FFO per share between $4.61 and $4.89

Centerspace anticipates 2026 Core FFO per share between $4.81 and $5.05

Result Drivers

SAME-STORE NOI GROWTH - Same-store NOI increased by 3.5% driven by a 2.4% rise in same-store revenues

PROPERTY TRANSACTIONS - Co acquired two apartment communities and sold 13 non-core properties, impacting financial results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-$1.10


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the residential reits peer group is "buy"

Wall Street's median 12-month price target for Centerspace is $66.00, about 3.8% above its February 13 closing price of $63.57

Press Release: ID:nPnC9LG4a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)