Welcome to our dedicated page for Centerspace SEC filings (Ticker: CSR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission (SEC) filings for Centerspace (NYSE: CSR), a North Dakota–incorporated real estate investment trust (REIT) focused on apartment communities. As a public company with Commission File Number 001-35624, Centerspace submits periodic and current reports that disclose financial, operational, and corporate information relevant to investors and other stakeholders.
Among the key documents available are current reports on Form 8-K, which Centerspace uses to furnish earnings releases, investor presentations, and information about portfolio transactions. Recent Form 8-K filings have referenced financial and operating results for specific periods, investor presentations containing year-to-date operating information, and press releases related to the disposition of apartment communities. These filings help explain how the company’s multifamily portfolio and financial metrics are evolving.
Investors can also review quarterly and annual reports (Forms 10-Q and 10-K when available) to see detailed discussions of Net Income or Net Loss, Funds from Operations (FFO), Core FFO, Net Operating Income (NOI), same-store performance, and other measures that Centerspace highlights in its public communications. The company notes that FFO, Core FFO, and NOI are non-GAAP financial measures and provides reconciliations to comparable GAAP measures within its supplemental financial and operating data.
In addition, this filings page can surface regulation FD disclosures, strategic updates, and other material events that Centerspace reports through the SEC. Stock Titan’s tools can assist by summarizing lengthy filings, highlighting key sections, and helping readers interpret the significance of items such as earnings-related disclosures, portfolio dispositions, or investor presentations. Together, these filings form an official record of Centerspace’s regulatory reporting as a publicly traded apartment REIT.
Centerspace reported operational gains in 2025 while advancing its ESG program. Same-store NOI rose 3.5% and average rent per same-store unit increased 2.4% from $1,602 to $1,626. Renewal retention for same-store communities was 58.2%.
The company disposed of 12 communities, repurchased approximately $3.5 million of shares at an average price of $54.86, and acquired two communities (Railway Flats, 420 homes; Sugarmont, 341 homes). As of December 31, 2025, Centerspace owned 61 communities with 12,262 homes and $1.9 billion of real estate investment, net. Balance-sheet highlights include a weighted average debt maturity of 6.9 years and a weighted average interest rate of 3.6%. ATM capacity remained available ($262.9 million remaining).
Centerspace is asking shareholders to vote at its virtual 2026 Annual Meeting on May 13, 2026 on three items: electing six trustees for one-year terms, an advisory say-on-pay vote on executive compensation, and ratifying Grant Thornton LLP as independent auditor for 2026.
The company highlights 2025 results, including Net Income of $1.02 per diluted share versus a prior-year net loss of $1.27 per diluted share, Core funds from operations of $4.93 per diluted share, and an Adjusted EBITDA margin of 50.32%.
Centerspace reports 2025 portfolio activity with $215.5 million of non-core property sales and acquisitions of two multifamily communities for $132.2 million and $149.0 million, plus repurchases of 62,973 shares at an average price of $54.86. The proxy details governance practices, board independence, ESG initiatives, and a pay program that ties incentives to operating metrics and relative total shareholder return.
Centerspace EVP and CFO Bhairav Patel exercised 1,831 Restricted Stock Units into an equal number of Common Shares of Beneficial Interest on March 31, 2026. To cover taxes on the vesting, 637 common shares were withheld at $57.45 per share rather than sold in the open market.
After these compensation-related transactions, Patel directly holds 9,062 common shares. The filing reflects routine equity vesting and associated tax withholding rather than discretionary open-market buying or selling.
Centerspace President and CEO Anne Olson exercised 5,492 restricted stock units into common shares. These RSUs converted into 5,492 Common Shares of Beneficial Interest at a stated price of $0.00 per share. Of these, 2,875 shares were withheld at $57.45 per share to cover tax obligations in connection with the vesting. After the transactions, Olson directly holds 30,226 common shares, reflecting a net increase in her equity position and no open derivative position from these RSUs.
CENTERSPACE beneficial ownership filing (Schedule 13G) discloses that affiliated Voss entities and Travis W. Cocke together report beneficial ownership of 846,246 shares of Common Shares of Beneficial Interest, representing 5.04% of the outstanding shares. The percentage is calculated using 16,774,337 shares outstanding as of February 10, 2026, per the issuer's cited annual report. Individual holdings shown include 150,000 shares for Voss Value Master Fund and 25,000 shares for Voss Value‑Oriented Special Situations Fund; Voss GP is shown as having voting/dispositive power over 175,000 shares. The filing is signed by Travis W. Cocke on April 1, 2026.
Centerspace reports a Schedule 13G/A filing showing The Vanguard Group holds 0% of Centerspace common stock as of 03/13/2026. The filing states Vanguard's subsidiaries were disaggregated after an internal realignment on 01/12/2026, and the report reflects 0% beneficial ownership and zero voting and dispositive power.
The filing is signed by Ashley Grim, Head of Global Fund Administration, on 03/26/2026. It lists Vanguard's address in Malvern, PA, and affirms no other single person holds more than 5% of the class.
Centerspace reported that trustee Emily Nagle Green has decided not to stand for re-election and will retire from the Board of Trustees when her current term ends at the conclusion of the 2026 Annual Meeting of Shareholders scheduled for May 13, 2026. She will also step down as chair of the Nominating and Governance Committee and as a member of the Audit Committee at that time. The company highlighted her background as a three-time technology-sector CEO and her focus on innovation, technology, and cybersecurity during her tenure since 2018.
Centerspace furnished an investor presentation with its 2025 results and 2026 outlook. For 2025, diluted FFO per share was $4.74 and Core FFO was $4.93. For 2026, the company guides diluted FFO per share to $4.61–$4.89 and Core FFO to $4.81–$5.05, with same-store revenue, NOI and expense growth midpoints of 0.9%, 0.8%, and 1.5%, respectively.
The presentation highlights ownership of 12,262 apartments and a total capitalization of $2.4 billion. Centerspace executed about $493 million of 2025 transactions, including acquisitions in Salt Lake City and Fort Collins and dispositions in Minnesota, to upgrade asset quality and concentrate in Midwest and Mountain West markets.
Leverage metrics show year-end 2025 net debt of $1.04 billion and net debt to annualized adjusted EBITDA of 7.6x, with a diversified capital base and a weighted average debt maturity of 6.9 years. Management emphasizes stable market fundamentals, favorable rent-to-income ratios, and an improving supply-demand backdrop across its key regions.
Centerspace files its annual report describing a multifamily REIT focused on owning, operating, acquiring, developing, and redeveloping apartment communities, primarily in the Midwest and Mountain West. As of December 31, 2025, it owned 61 communities with 12,262 homes and real estate investments of $1.9 billion, and operated through an UPREIT structure.
The company outlines a strategy centered on operational improvements, disciplined capital allocation, ESG initiatives, and selective acquisitions in markets such as Minneapolis–St. Paul, Denver, Boulder/Fort Collins, and Salt Lake City. It highlights multiple funding sources, including an at-the-market equity program with $262.9 million of capacity remaining, unsecured credit facilities, unsecured senior notes, and Fannie Mae financing, resulting in a total indebtedness-to-gross real estate investment ratio of 41.8% as of year-end 2025. Centerspace emphasizes its REIT distribution practices, human capital investments for 349 employees, and extensive risk disclosures, including a Board-initiated strategic alternatives review that may consider a sale, merger, or other business combinations alongside its independent strategy.
Centerspace reported a return to profitability in 2025 and issued its 2026 outlook. Net income was $22.96 million, or $1.02 per diluted share, compared with a net loss of $14.19 million, or $(1.27) per share, in 2024. Core FFO per diluted share inched up to $4.93 from $4.88, while total NOI rose 6.1% to $167.4 million, driven by a 3.5% increase in same-store NOI on 2.4% revenue growth and tightly controlled expenses.
The company reshaped its portfolio, acquiring two communities for $281.2 million (including $76.5 million of assumed mortgage debt) and selling twelve non-core communities plus one office building for $215.5 million. At December 31, 2025, liquidity totaled $267.9 million, including $255.1 million of undrawn credit capacity and $12.8 million of cash. Centerspace’s board maintained an annualized common distribution of $3.08 per share/unit and has an ongoing strategic review of alternatives with no set timetable.
For 2026, management guides to diluted net income per share between $(0.49) and $(0.19), FFO per diluted share of $4.61–$4.89, and Core FFO per diluted share of $4.81–$5.05, implying relatively stable cash earnings alongside modest same-store NOI growth expectations.