CENTERSPACECSREarnings & Financial Report
Centerspace is a real estate investment company specializing in the ownership, operation, and development of high-quality multifamily residential properties. Its core operating markets cover the U.S. Midwest and Mountain West regions, serving diverse renter segments with both affordable and premium housing options, while focusing on tenant experience and long-term asset value growth.
Revenue
$65.0M
Gross Profit
$62.8M
Operating Profit
$7.2M
Net Profit
$-1.3M
Gross Margin
96.6%
Operating Margin
11.1%
Net Margin
-2.0%
YoY Growth
0.4%
EPS
$-0.19
CENTERSPACE Q2 FY2024 Financial Summary
CENTERSPACE reported revenue of $65.0M (up 0.4% YoY) for Q2 FY2024, with a net profit of $-1.3M (up 30.4% YoY) (-2.0% margin). Cost of goods sold was $2.2M, operating expenses totaled $55.6M.
Key Financial Metrics
| Total Revenue | $65.0M |
|---|---|
| Net Profit | $-1.3M |
| Gross Margin | 96.6% |
| Operating Margin | 11.1% |
| Report Period | Q2 FY2024 |
CENTERSPACE Annual Revenue by Year
CENTERSPACE annual revenue history includes year-by-year totals (for example, 2025 revenue was $273.7M).
| Year | Annual Revenue |
|---|---|
| 2025 | $273.7M |
| 2024 | $261.0M |
| 2023 | $67.9M |
| 2022 | $72.1M |
CENTERSPACE Quarterly Revenue & Net Profit History
CENTERSPACE results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $66.6M | +0.3% | $-18.4M | -27.7% |
| Q3 FY2025 | $71.4M | +9.8% | $53.8M | 75.3% |
| Q2 FY2025 | $68.5M | +5.4% | $-14.5M | -21.2% |
| Q1 FY2025 | $67.1M | +4.0% | $-3.7M | -5.6% |
| Q4 FY2024 | $66.4M | +3.7% | $-5.1M | -7.6% |
| Q3 FY2024 | $65.0M | +0.7% | $-1.0M | -1.6% |
| Q2 FY2024 | $65.0M | +0.4% | $-1.3M | -2.0% |
| Q1 FY2024 | $64.5M | -5.0% | $-3.9M | -6.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64.5M | $65.0M | $65.0M | $66.4M | $67.1M | $68.5M | $71.4M | $66.6M |
| YoY Growth | -5.0% | 0.4% | 0.7% | 3.7% | 4.0% | 5.4% | 9.8% | 0.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.90B | $1.90B | $1.89B | $1.91B | $1.89B | $2.01B | $2.10B | $1.93B |
| Liabilities | $979.8M | $984.6M | $982.3M | $1.01B | $1.01B | $1.17B | $1.21B | $1.08B |
| Equity | $688.1M | $680.7M | $672.5M | $752.0M | $636.8M | $710.1M | $748.6M | $719.2M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $24.4M | $22.9M | $32.3M | $98.2M | $25.4M | $25.3M | $35.1M | $98.5M |