Short answer
CENTERSPACE (CSR) filed its Q1 2026 10-Q quarterly report on May 4, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $65M (down 3.0% year over year) with net income of −$13M.
Q1 2026 key financials · XBRL
- Revenue
- $65M
- −3.0% YoY
- Net income
- −$13M
- −245.2% YoY
- Operating margin
- -8.3%
- EPS (diluted)
- −$0.77
- −250.0% YoY
Source: XBRL data from the CENTERSPACE (CSR) Q1 2026 10-Q on SEC EDGAR. USD.
CENTERSPACE Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $65.1M, down $2.0M or 3.0% YoY, primarily from prior-year apartment dispositions
- Net loss $15.0M vs $4.2M; same-store NOI $35.3M vs $35.7M, down 1.1%
- Best performer non-same-store NOI $3.6M, up $3.0M; worst dispositions NOI $19K vs $3.6M
- Core FFO $1.12 per diluted share vs $1.21; interest expense $10.5M vs $9.6M
- Headwinds: higher property expenses, strategic-review costs, rising interest expense, and macroeconomic uncertainty
Risk Factors
- No Risk Factors section provided in the submitted excerpt
- No basis to identify newly added or materially updated risks since the 10-K
- Equity issuance risk: 5,073 unregistered common shares issued upon Exchange Rights exercises
- Capital allocation risk: $96,545,554 remained available under the $100.0 million repurchase program
- Compliance risk: securities issued under Section 4(a)(2) private-placement exemption with resale registration completed
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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