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.
CSR Q4 FY2025 Key Financial Metrics
Revenue
$66.6M
Gross Profit
$64.3M
Operating Profit
$-10.6M
Net Profit
$-18.4M
Gross Margin
96.5%
Operating Margin
-15.9%
Net Margin
-27.7%
YoY Growth
0.3%
EPS
$-1.08
CENTERSPACE Q4 FY2025 Financial Summary
CENTERSPACE reported revenue of $66.6M (up 0.3% YoY) for Q4 FY2025, with a net profit of $-18.4M (down 262.9% YoY) (-27.7% margin). Cost of goods sold was $2.3M, operating expenses totaled $74.9M.
Key Financial Metrics
| Total Revenue | $66.6M |
|---|---|
| Net Profit | $-18.4M |
| Gross Margin | 96.5% |
| Operating Margin | -15.9% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
CENTERSPACE Q4 FY2025 revenue of $66.6M breaks down across 3 segments, led by Multi Family Residential at $57.3M (86.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Multi Family Residential | $57.3M | 86.1% |
| Other | $8.1M | 12.1% |
| Other Property Revenue | $1.2M | 1.8% |
CENTERSPACE Revenue by Segment — Quarterly Trend
CENTERSPACE revenue by segment across the last 4 reported quarters, showing how each business line (such as Multi Family Residential and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Multi Family Residential | $57.3M | $63.8M | $60.8M | $66.2M |
| Other | $8.1M | $6.2M | $6.6M | — |
| Other Property Revenue | $1.2M | $1.4M | $1.2M | $1.1M |
CENTERSPACE Annual Revenue by Year
CENTERSPACE annual revenue history includes year-by-year totals (for example, 2025 revenue was $273.7M).
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 |