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Jun 30, 2020
Centerspace Q2 2020 Earnings Report
Financial and operating results reported for the quarter ended June 30, 2020.
Key Takeaways
IRET reported a net loss of $(0.44) per diluted share for Q2 2020, with same-store NOI increasing by 1.1% compared to the same period in 2019.
Net Loss was $(0.44) per diluted share for the second quarter of 2020, compared to Net Income of $0.11 per diluted share for the same period of 2019.
Core FFO increased 1.1% to $0.91 per diluted share for the three months ended June 30, 2020, compared to $0.90 for the three months ended March 31, 2020.
Total collections were 99.1% for the second quarter of 2020, compared to 99.6% for the same period of 2019.
Same-store NOI increased 3.4% for the three months ended June 30, 2020, compared to the three months ended March 31, 2020.
Forward Guidance
Due to the ongoing impact of COVID-19, IRET is not providing an updated 2020 Financial Outlook at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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