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May 4, 2026 4:20 PM

Centerspace Reports First Quarter 2026 Financial & Operating Results and Reaffirms 2026 Core Financial Outlook

MINNEAPOLIS, May 4, 2026 /PRNewswire/ -- Centerspace (NYSE:CSR) (the "Company") announced today its financial and operating results for the three months ended March 31, 2026. The tables below show Net Loss, Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three months ended March 31, 2026; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; and Same-Store Weighted Average Occupancy, Lease Rate Growth, and Resident Retention for each of the three months ended March 31, 2026, December 31, 2025, and March 31, 2025.

Three Months Ended March 31,

Per Common Share

2026

2025

Net loss - diluted

$               (0.77)

$               (0.22)

FFO - diluted(1)

$                 1.07

$                 1.17

Core FFO - diluted(1)

$                 1.12

$                 1.21

Year-Over-Year

Comparison

Sequential

Comparison

Same-Store Results(2)

Q1 2026 vs. Q1 2025

Q1 2026 vs. Q4 2025

Revenues

— %

(0.3) %

Expenses

1.7 %

8.2 %

NOI(1)

(1.1) %

(5.1) %

Three months ended

Same-Store Results(2)

March 31,2026

December31, 2025

March 31, 2025

Weighted Average Occupancy