MINNEAPOLIS, Feb. 20, 2024 /PRNewswire/ — Centerspace (NYSE:CSR) announced today its financial and operating results for the year ended December 31, 2023. The tables below show Net Income (Loss), Funds from Operations (“FFO”)1, and Core FFO1, all on a per diluted share basis, for the year ended December 31, 2023; Same-Store Revenues, Expenses, and Net Operating Income (“NOI”)1 over comparable periods; and Same-Store Weighted Average Occupancy for the three months ended December 31, 2023, September 30, 2023, and December 31, 2022 and the twelve months ended December 31, 2023 and 2022.
Three Months Ended December 31,
Twelve Months Ended December 31,
Per Share
2023
2022
2023
2022
Net income (loss) per share – diluted
$ (0.65)
$ (0.24)
$ 2.32
$ (1.35)
FFO – diluted(1)
1.11
1.16
4.27
4.32
Core FFO – diluted(1)
1.22
1.17
4.78
4.43
Year-Over-Year
Comparison
Sequential
Comparison
YTD
Comparison
Same-Store Results
4Q23 vs 4Q22
4Q23 vs. 3Q23
CY23 vs. CY22
Revenues
3.9 %
0.5 %
7.2 %
Expenses
(1.2) %
(3.6) %
4.6 %
Net Operating Income (“NOI”)(1)
7.6 %
3.4 %
9.0 %
Three months ended
Twelve months ended
Same-Store …