{"success":true,"data":{"pressRelease":{"id":"19713","rtpr_id":"nPn7DVdXJa","ticker":"CSR","exchange":"NYSE","all_tickers":["CSR"],"title":"Centerspace Reports First Quarter 2026 Financial & Operating Results and Reaffirms 2026 Core Financial Outlook","author":"PR Newswire","published_at":"2026-05-04T20:15:00.328Z","article_body":"Centerspace Reports First Quarter 2026 Financial & Operating Results and Reaffirms 2026 Core Financial Outlook\n\nPR Newswire\n\nMINNEAPOLIS, May 4, 2026\n\nMINNEAPOLIS, May 4, 2026 /PRNewswire/ -- Centerspace (NYSE: CSR) (the\n\"Company\") announced today its financial and operating results for the three\nmonths ended March 31, 2026. The tables below show Net Loss, Funds from\nOperations (\"FFO\")(1), and Core FFO(1), all on a per diluted share basis, for\nthe three months ended March 31, 2026; Same-Store Revenues, Expenses, and Net\nOperating Income (\"NOI\")(1) over comparable periods; and Same-Store Weighted\nAverage Occupancy, Lease Rate Growth, and Resident Retention for each of the\nthree months ended March 31, 2026, December 31, 2025, and March 31, 2025.\n\n(https://mma.prnewswire.com/media/1372490/Centerspace_Logo.html)\n\n                            Three Months Ended March 31,\n Per Common Share           2026                                                 2025\n Net loss - diluted         $               (0.77)                               $               (0.22)\n FFO - diluted((1))         $                 1.07                               $                 1.17\n Core FFO - diluted((1))    $                 1.12                               $                 1.21\n\n                            Year-Over-Year         Sequential\n\nComparison\nComparison\n Same-Store Results((2))    Q1 2026 vs. Q1 2025    Q1 2026 vs. Q4 2025\n Revenues                   — %                    (0.3) %\n Expenses                   1.7 %                  8.2 %\n NOI((1))                   (1.1) %                (5.1) %\n\n                                              Three months ended\n Same-Store Results((2))                      March 31,        December         March 31,\n                                              2026             31, 2025         2025\n Weighted Average Occupancy                   95.4 %           95.3 %           95.8 %\n Effective New Lease Rate Growth              (2.1) %          (6.1) %          (1.4) %\n Effective Renewal Lease Rate Growth          3.1 %            3.9 %            3.4 %\n Effective Blended Lease Rate Growth ((3))    0.4 %            (0.4) %          0.5 %\n Retention Rate                               54.1 %           55.5 %           52.2 %\n\n (1)  NOI, FFO, and Core FFO are non-GAAP financial measures. For more information\n      on their usage and presentation, and a reconciliation to the most directly\n      comparable GAAP measures refer to \"Non-GAAP Financial Measures and\n      Reconciliations\" and \"Non-GAAP Financial Measures and Other Terms\" in the\n      Supplemental Financial and Operating Data below.\n (2)  Same-store results are updated for annual composition change including\n      acquisition, disposition, changes in held for sale classification, and\n      repositioning activity. Refer to \"Non-GAAP Financial Measures and\n      Reconciliations\" in Supplemental and Financial Operating Data within.\n (3)  Effective blended lease rate growth is weighted by lease count.\n\nOverview of the First Quarter\n\n * Revenue decreased by $2.0 million or 3.0% to $65.1 million, compared to $67.1\nmillion for the same period of the prior year, primarily due to the sale of 12\napartment communities in the prior year;\n * Same-store revenues remained consistent while property operating expenses\nincreased, resulting in a 1.1% decrease in same-store NOI compared to the same\nperiod of the prior year;\n * Net loss was $0.77 per diluted share, compared to net loss of $0.22 per\ndiluted share for the same period of the prior year; and\n * Core FFO per diluted share decreased 7.4% to $1.12, compared to $1.21 for the\nsame period of the prior year, primarily due to the sale of 12 apartment\ncommunities in the prior year.\nBalance Sheet\n\nAt the end of the first quarter, Centerspace had $267.1 million of total\nliquidity on its balance sheet, consisting of $259.6 million available under\nlines of credit and cash and cash equivalents of $7.6 million.\n\nUpdated 2026 Financial Outlook\n\nCenterspace updated its 2026 financial outlook. For additional information,\nsee S-15 of the Supplemental Financial and Operating Data for the quarter\nended March 31, 2026 included at the end of this release. These ranges should\nbe considered in their entirety. The table below reflects the updated outlook.\n                                 Previous Outlook for 2026     Updated Outlook for 2026\n                                 Low            High           Low            High\n Net loss per Share – diluted    $(0.49)        $(0.19)        $(0.95)        $(0.66)\n Same-Store Revenue              0.00 %         1.75 %         0.00 %         1.75 %\n Same-Store Expenses             1.00 %         2.00 %         1.00 %         2.00 %\n Same-Store NOI                  (0.50) %       2.00 %         (0.50) %       2.00 %\n FFO per Share – diluted         $4.61          $4.89          $4.65          $4.92\n Core FFO per Share – diluted    $4.81          $5.05          $4.81          $5.05\n\nAdditional assumptions:\n\n * Same-store recurring capital expenditures of $1,250 per home to $1,350 per\nhome\n * Value-add expenditures of $2.5 million to $12.5 million\n * The outlook does not include any acquisitions or dispositions\nNote: FFO, Core FFO. and NOI are non-GAAP financial measures. For more\ninformation on their usage and presentation and a reconciliation to the most\ncomparable GAAP measure, please refer to \"2026 Financial Outlook\" in the\nSupplemental Financial and Operating Data within.\n\nStrategic Review Update\n\nDuring 2025, we announced that our Board has undertaken a proactive process to\nreview strategic alternatives that may be available to Centerspace, engaging\nboth legal and financial advisors.\n\nThis process remains ongoing, and we are appreciative of the engagement and\nfeedback we have received from our stakeholders. We have been thorough and\ndeliberate, and the Board and its advisors continue to make progress. The\nboard currently expects to be able to provide shareholders with a more\nsubstantive update on the status of the review process before or in connection\nwith our second quarter earnings release.\n\nThere can be no assurance as to the timing or outcome of this process. There\ncan be no assurance that the review process will result in a transaction or\nother strategic change or outcome. We do not intend to disclose or comment\nfurther on developments related to this review unless or until we determine\nthat further disclosure is appropriate or required by law.\n\nEarnings Call\n\nManagement will host a conference call to discuss those results on Tuesday,\nMay 5, 2026, at 10:00 a.m. Eastern Time.\n\nInterested parties may access the conference call via the following:\n\nLive Webcast: https://events.q4inc.com/attendee/110927308\n(https://events.q4inc.com/attendee/110927308)\n\nOperator Assisted Dial-In: 1-833-461-5787\nMeeting ID: 110927308\n\nReplay Details: Following the conclusion of the earnings call, a replay of the\nwebcast will be hosted at ir.centerspacehomes.com and at\nhttps://events.q4inc.com/attendee/110927308\n(https://events.q4inc.com/attendee/110927308) for one year.\n\nSupplemental Information\n\nSupplemental Operating and Financial Data for the quarter ended March 31,\n2026 included herein (\"Supplemental Information\") is available in the\nInvestors section on Centerspace's website at https://www.centerspacehomes.com\n(https://www.centerspacehomes.com) or by calling Investor Relations at\n952-401-6600. Non-GAAP financial measures and other capitalized terms, as used\nin this earnings release, are defined and reconciled in the Supplemental\nFinancial and Operating Data, which accompanies this earnings release.\n\nAbout Centerspace\n\nCenterspace is an owner and operator of apartment communities committed to\nproviding great homes by focusing on integrity and serving others. Founded in\n1970, as of March 31, 2026, Centerspace owned 61 apartment communities\nconsisting of 12,263 homes located in Colorado, Minnesota, Montana, Nebraska,\nNorth Dakota, South Dakota, and Utah. Centerspace was named a Top Workplace in\n2026 by USA Today and for the sixth consecutive year in 2025 by the Minnesota\nStar Tribune. For more information, please visit www.centerspacehomes.com\n(http://www.centerspacehomes.com) .\n\nForward-Looking Statements\n\nCertain statements in this press release and the Supplemental Operating and\nFinancial Data are based on the Company's current expectations and\nassumptions, and are \"forward-looking statements\" within the meaning of the\nPrivate Securities Litigation Reform Act of 1995. Forward-looking statements\ndo not discuss historical fact, but instead include statements related to\nexpectations, projections, intentions, or other items related to the future.\nForward-looking statements are typically identified by the use of terms such\nas \"expects,\" \"anticipates,\" \"intends,\" \"plans,\" \"believes,\" \"seeks,\"\n\"estimates,\" \"will,\" \"assumes,\" \"may,\" \"projects,\" \"outlook,\" \"future,\" and\nvariations of such words and similar expressions. These forward-looking\nstatements involve known and unknown risks, uncertainties, and other factors\nthat may cause the actual results, performance, or achievements to be\nmaterially different from the results of operations, financial conditions, or\nplans expressed or implied by the forward-looking statements. Although the\nCompany believes the expectations reflected in its forward-looking statements\nare based upon reasonable assumptions, it can give no assurance that the\nexpectations will be achieved. Any statements contained herein that are not\nstatements of historical fact should be deemed forward-looking statements. As\na result, reliance should not be placed on these forward-looking statements as\nthese statements are subject to known and unknown risks, uncertainties, and\nother factors beyond the Company's control and could differ materially from\nactual results and performance. Such risks and uncertainties are detailed from\ntime to time in filings with the Securities and Exchange Commission (\"SEC\"),\nincluding the \"Management's Discussion and Analysis of Financial Condition and\nResults of Operations\" and \"Risk Factors\" contained in the Company's Annual\nReport on Form 10-K for the year ended December 31, 2025, in its subsequent\nquarterly reports on Form 10-Q, and in other reports the Company files with\nthe SEC from time to time. The Company assumes no obligation to update or\nsupplement forward-looking statements that become untrue due to subsequent\nevents.\n\nContact Information\n\nInvestor Relations\nJosh Klaetsch\nPhone: 952-401-6600\nEmail: IR@centerspacehomes.com (mailto:IR@centerspacehomes.com)\n\nMarketing & Media\nKelly Weber\nPhone: 952-401-6600\nEmail: kweber@centerspacehomes.com (mailto:kweber@centerspacehomes.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/centerspace-reports-first-quarter-2026-financial--operating-results-and-reaffirms-2026-core-financial-outlook-302761704.html\n(https://www.prnewswire.com/news-releases/centerspace-reports-first-quarter-2026-financial--operating-results-and-reaffirms-2026-core-financial-outlook-302761704.html)\n\nSOURCE Centerspace\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/1372490/Centerspace_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn7DVdXJa","title":"Centerspace Reports First Quarter 2026 Financial & Operating Results and Reaffirms 2026 Core Financial Outlook","author":"PR Newswire","ticker":"CSR","created":"2026-05-04T20:15:00.328Z","tickers":["CSR"],"exchange":"NYSE","article_body":"Centerspace Reports First Quarter 2026 Financial & Operating Results and Reaffirms 2026 Core Financial Outlook\n\nPR Newswire\n\nMINNEAPOLIS, May 4, 2026\n\nMINNEAPOLIS, May 4, 2026 /PRNewswire/ -- Centerspace (NYSE: CSR) (the\n\"Company\") announced today its financial and operating results for the three\nmonths ended March 31, 2026. The tables below show Net Loss, Funds from\nOperations (\"FFO\")(1), and Core FFO(1), all on a per diluted share basis, for\nthe three months ended March 31, 2026; Same-Store Revenues, Expenses, and Net\nOperating Income (\"NOI\")(1) over comparable periods; and Same-Store Weighted\nAverage Occupancy, Lease Rate Growth, and Resident Retention for each of the\nthree months ended March 31, 2026, December 31, 2025, and March 31, 2025.\n\n(https://mma.prnewswire.com/media/1372490/Centerspace_Logo.html)\n\n                            Three Months Ended March 31,\n Per Common Share           2026                                                 2025\n Net loss - diluted         $               (0.77)                               $               (0.22)\n FFO - diluted((1))         $                 1.07                               $                 1.17\n Core FFO - diluted((1))    $                 1.12                               $                 1.21\n\n                            Year-Over-Year         Sequential\n\nComparison\nComparison\n Same-Store Results((2))    Q1 2026 vs. Q1 2025    Q1 2026 vs. Q4 2025\n Revenues                   — %                    (0.3) %\n Expenses                   1.7 %                  8.2 %\n NOI((1))                   (1.1) %                (5.1) %\n\n                                              Three months ended\n Same-Store Results((2))                      March 31,        December         March 31,\n                                              2026             31, 2025         2025\n Weighted Average Occupancy                   95.4 %           95.3 %           95.8 %\n Effective New Lease Rate Growth              (2.1) %          (6.1) %          (1.4) %\n Effective Renewal Lease Rate Growth          3.1 %            3.9 %            3.4 %\n Effective Blended Lease Rate Growth ((3))    0.4 %            (0.4) %          0.5 %\n Retention Rate                               54.1 %           55.5 %           52.2 %\n\n (1)  NOI, FFO, and Core FFO are non-GAAP financial measures. For more information\n      on their usage and presentation, and a reconciliation to the most directly\n      comparable GAAP measures refer to \"Non-GAAP Financial Measures and\n      Reconciliations\" and \"Non-GAAP Financial Measures and Other Terms\" in the\n      Supplemental Financial and Operating Data below.\n (2)  Same-store results are updated for annual composition change including\n      acquisition, disposition, changes in held for sale classification, and\n      repositioning activity. Refer to \"Non-GAAP Financial Measures and\n      Reconciliations\" in Supplemental and Financial Operating Data within.\n (3)  Effective blended lease rate growth is weighted by lease count.\n\nOverview of the First Quarter\n\n * Revenue decreased by $2.0 million or 3.0% to $65.1 million, compared to $67.1\nmillion for the same period of the prior year, primarily due to the sale of 12\napartment communities in the prior year;\n * Same-store revenues remained consistent while property operating expenses\nincreased, resulting in a 1.1% decrease in same-store NOI compared to the same\nperiod of the prior year;\n * Net loss was $0.77 per diluted share, compared to net loss of $0.22 per\ndiluted share for the same period of the prior year; and\n * Core FFO per diluted share decreased 7.4% to $1.12, compared to $1.21 for the\nsame period of the prior year, primarily due to the sale of 12 apartment\ncommunities in the prior year.\nBalance Sheet\n\nAt the end of the first quarter, Centerspace had $267.1 million of total\nliquidity on its balance sheet, consisting of $259.6 million available under\nlines of credit and cash and cash equivalents of $7.6 million.\n\nUpdated 2026 Financial Outlook\n\nCenterspace updated its 2026 financial outlook. For additional information,\nsee S-15 of the Supplemental Financial and Operating Data for the quarter\nended March 31, 2026 included at the end of this release. These ranges should\nbe considered in their entirety. The table below reflects the updated outlook.\n                                 Previous Outlook for 2026     Updated Outlook for 2026\n                                 Low            High           Low            High\n Net loss per Share – diluted    $(0.49)        $(0.19)        $(0.95)        $(0.66)\n Same-Store Revenue              0.00 %         1.75 %         0.00 %         1.75 %\n Same-Store Expenses             1.00 %         2.00 %         1.00 %         2.00 %\n Same-Store NOI                  (0.50) %       2.00 %         (0.50) %       2.00 %\n FFO per Share – diluted         $4.61          $4.89          $4.65          $4.92\n Core FFO per Share – diluted    $4.81          $5.05          $4.81          $5.05\n\nAdditional assumptions:\n\n * Same-store recurring capital expenditures of $1,250 per home to $1,350 per\nhome\n * Value-add expenditures of $2.5 million to $12.5 million\n * The outlook does not include any acquisitions or dispositions\nNote: FFO, Core FFO. and NOI are non-GAAP financial measures. For more\ninformation on their usage and presentation and a reconciliation to the most\ncomparable GAAP measure, please refer to \"2026 Financial Outlook\" in the\nSupplemental Financial and Operating Data within.\n\nStrategic Review Update\n\nDuring 2025, we announced that our Board has undertaken a proactive process to\nreview strategic alternatives that may be available to Centerspace, engaging\nboth legal and financial advisors.\n\nThis process remains ongoing, and we are appreciative of the engagement and\nfeedback we have received from our stakeholders. We have been thorough and\ndeliberate, and the Board and its advisors continue to make progress. The\nboard currently expects to be able to provide shareholders with a more\nsubstantive update on the status of the review process before or in connection\nwith our second quarter earnings release.\n\nThere can be no assurance as to the timing or outcome of this process. There\ncan be no assurance that the review process will result in a transaction or\nother strategic change or outcome. We do not intend to disclose or comment\nfurther on developments related to this review unless or until we determine\nthat further disclosure is appropriate or required by law.\n\nEarnings Call\n\nManagement will host a conference call to discuss those results on Tuesday,\nMay 5, 2026, at 10:00 a.m. Eastern Time.\n\nInterested parties may access the conference call via the following:\n\nLive Webcast: https://events.q4inc.com/attendee/110927308\n(https://events.q4inc.com/attendee/110927308)\n\nOperator Assisted Dial-In: 1-833-461-5787\nMeeting ID: 110927308\n\nReplay Details: Following the conclusion of the earnings call, a replay of the\nwebcast will be hosted at ir.centerspacehomes.com and at\nhttps://events.q4inc.com/attendee/110927308\n(https://events.q4inc.com/attendee/110927308) for one year.\n\nSupplemental Information\n\nSupplemental Operating and Financial Data for the quarter ended March 31,\n2026 included herein (\"Supplemental Information\") is available in the\nInvestors section on Centerspace's website at https://www.centerspacehomes.com\n(https://www.centerspacehomes.com) or by calling Investor Relations at\n952-401-6600. Non-GAAP financial measures and other capitalized terms, as used\nin this earnings release, are defined and reconciled in the Supplemental\nFinancial and Operating Data, which accompanies this earnings release.\n\nAbout Centerspace\n\nCenterspace is an owner and operator of apartment communities committed to\nproviding great homes by focusing on integrity and serving others. Founded in\n1970, as of March 31, 2026, Centerspace owned 61 apartment communities\nconsisting of 12,263 homes located in Colorado, Minnesota, Montana, Nebraska,\nNorth Dakota, South Dakota, and Utah. Centerspace was named a Top Workplace in\n2026 by USA Today and for the sixth consecutive year in 2025 by the Minnesota\nStar Tribune. For more information, please visit www.centerspacehomes.com\n(http://www.centerspacehomes.com) .\n\nForward-Looking Statements\n\nCertain statements in this press release and the Supplemental Operating and\nFinancial Data are based on the Company's current expectations and\nassumptions, and are \"forward-looking statements\" within the meaning of the\nPrivate Securities Litigation Reform Act of 1995. Forward-looking statements\ndo not discuss historical fact, but instead include statements related to\nexpectations, projections, intentions, or other items related to the future.\nForward-looking statements are typically identified by the use of terms such\nas \"expects,\" \"anticipates,\" \"intends,\" \"plans,\" \"believes,\" \"seeks,\"\n\"estimates,\" \"will,\" \"assumes,\" \"may,\" \"projects,\" \"outlook,\" \"future,\" and\nvariations of such words and similar expressions. These forward-looking\nstatements involve known and unknown risks, uncertainties, and other factors\nthat may cause the actual results, performance, or achievements to be\nmaterially different from the results of operations, financial conditions, or\nplans expressed or implied by the forward-looking statements. Although the\nCompany believes the expectations reflected in its forward-looking statements\nare based upon reasonable assumptions, it can give no assurance that the\nexpectations will be achieved. Any statements contained herein that are not\nstatements of historical fact should be deemed forward-looking statements. As\na result, reliance should not be placed on these forward-looking statements as\nthese statements are subject to known and unknown risks, uncertainties, and\nother factors beyond the Company's control and could differ materially from\nactual results and performance. Such risks and uncertainties are detailed from\ntime to time in filings with the Securities and Exchange Commission (\"SEC\"),\nincluding the \"Management's Discussion and Analysis of Financial Condition and\nResults of Operations\" and \"Risk Factors\" contained in the Company's Annual\nReport on Form 10-K for the year ended December 31, 2025, in its subsequent\nquarterly reports on Form 10-Q, and in other reports the Company files with\nthe SEC from time to time. The Company assumes no obligation to update or\nsupplement forward-looking statements that become untrue due to subsequent\nevents.\n\nContact Information\n\nInvestor Relations\nJosh Klaetsch\nPhone: 952-401-6600\nEmail: IR@centerspacehomes.com (mailto:IR@centerspacehomes.com)\n\nMarketing & Media\nKelly Weber\nPhone: 952-401-6600\nEmail: kweber@centerspacehomes.com (mailto:kweber@centerspacehomes.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/centerspace-reports-first-quarter-2026-financial--operating-results-and-reaffirms-2026-core-financial-outlook-302761704.html\n(https://www.prnewswire.com/news-releases/centerspace-reports-first-quarter-2026-financial--operating-results-and-reaffirms-2026-core-financial-outlook-302761704.html)\n\nSOURCE Centerspace\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/1372490/Centerspace_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-04T20:15:00.367697179Z","server_sent_at_ms":1777925700367},"received_at":"2026-05-04T20:15:00.506Z","source_url":"https://www.prnewswire.com/news-releases/centerspace-reports-first-quarter-2025-financial--operating-results-and-reaffirms-2025-core-ffo-per-share-guidance-302444579.html"},"analysis":{"id":"14427","press_release_id":"19713","analysis_json":{"industry":{"label":"Equity Real Estate Investment Trusts (REITs)","sector":"Real Estate"},"redFlags":["Net loss guidance widened significantly from a maximum of $(0.49) to a maximum of $(0.95)","Same-Store NOI declined 1.1% year-over-year"],"eventType":"earnings","narrative":"Centerspace reported Q1 revenue of $65.1 million, a 3.0% decrease from the prior year, with Core FFO per share falling 7.4% to $1.12.\n\nThe company reaffirmed its full-year 2026 Core FFO guidance range of $4.81 to $5.05 but significantly widened its net loss outlook to a range of $(0.95) to $(0.66) per share.\n\nManagement confirmed that the strategic review process remains ongoing and expects to provide a substantive update by the second quarter earnings release.","sentiment":"mixed","agentHooks":{"shouldPost":false,"suggestedAngle":"Core FFO guidance holds despite Q1 decline, but net loss outlook worsens as strategic review continues."},"keyFigures":{"revenue":65100000,"guidance":"Core FFO per share $4.81-$5.05 (reaffirmed); Net loss per share $(0.95)-$(0.66) (updated)","revenueYoy":"-3.0%","customDimensions":{"liquidity":"$267.1 million","ss_noi_yoy":"-1.1%","core_ffo_q1":1.12}},"quotedText":"","namedEntities":{"people":[{"name":"Josh Klaetsch","role":"Investor Relations"},{"name":"Kelly Weber","role":"Marketing & Media"}],"products":[],"companies":[{"name":"Centerspace","ticker":"CSR"}],"dollarAmounts":[{"amount":"$65.1 million","context":"Q1 revenue"},{"amount":"$267.1 million","context":"total liquidity"}]},"materialImpact":{"score":2,"reasoning":"Q1 Core FFO declined 7.4% year-over-year and Same-Store NOI fell 1.1%. While Core FFO guidance was reaffirmed, the net loss outlook was significantly widened to the downside, reflecting continued operational pressure."},"tickerRelevance":{"others":[],"primary":"CSR"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"quarterly-earnings","sectorWeight":"reits","strategicReview":"ongoing"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"mixed","material_impact_score":2,"narrative":"Centerspace reported Q1 revenue of $65.1 million, a 3.0% decrease from the prior year, with Core FFO per share falling 7.4% to $1.12.\n\nThe company reaffirmed its full-year 2026 Core FFO guidance range of $4.81 to $5.05 but significantly widened its net loss outlook to a range of $(0.95) to $(0.66) per share.\n\nManagement confirmed that the strategic review process remains ongoing and expects to provide a substantive update by the second quarter earnings release.","key_figures":{"revenue":65100000,"guidance":"Core FFO per share $4.81-$5.05 (reaffirmed); Net loss per share $(0.95)-$(0.66) (updated)","revenueYoy":"-3.0%","customDimensions":{"liquidity":"$267.1 million","ss_noi_yoy":"-1.1%","core_ffo_q1":1.12}},"named_entities":{"people":[{"name":"Josh Klaetsch","role":"Investor Relations"},{"name":"Kelly Weber","role":"Marketing & Media"}],"products":[],"companies":[{"name":"Centerspace","ticker":"CSR"}],"dollarAmounts":[{"amount":"$65.1 million","context":"Q1 revenue"},{"amount":"$267.1 million","context":"total liquidity"}]},"model_name":"glm-4.7","prompt_hash":"sha256:a2703c5a1b5285fe","schema_hash":"sha256:1f8af1196c7db48c","created_at":"2026-05-04T21:02:05.708Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap","eventGravity":"quarterly-earnings","sectorWeight":"reits","strategicReview":"ongoing"}},"durationMs":69816,"modelName":"glm-4.7"}}