Centerspace Announces Financial and Operating Results for the Year Ended December 31, 2023, Provides 2024 Financial Outlook and Dividend Increase

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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 …

Full story available on Benzinga.com


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