Filing Flows › Centerspace (CSR) › Q1 2025
Centerspace (CSR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Centerspace (CSR) reported revenue of $67.1M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +1% from the quarter before. Operating margin was 7.1%, net loss $4.2M (6.2% of revenue).
Centerspace, Q1 2025: revenue $67.1M (+4% year over year), operating margin 7.1%, net loss $4.2M, operating cash flow $25.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.1M | +1% | +4% |
| Operating profit | $4.7M | — | — |
| Net earnings | −$4.2M | — | — |
| Operating cash flow | $25.4M | +36% | +4% |
| Free cash flow | $20.4M | +116% | +686% |
What changed
Revenue was $67.1M in Q1 2025, up 4% year over year and up 1% from the previous quarter.
Operating profit was $4.7M, a 7.1% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, above the 6% margin then. Total costs grew 3% against revenue growth of 4%. The quarter ended with a net loss of $4.2M, narrower than the previous quarter's $5.8M loss. Minority interests bore $447K of it: to shareholders the quarter was a loss of $3.7M. Net interest and other expense of $8.9M was the main reason.
Operating cash flow was $25.4M (up 4% year over year). Non-cash charges added back $28.0M of depreciation and amortization and $858K of share-based compensation. Capital expenditures of $5.0M left free cash flow of $20.4M.
Questions
What was Centerspace's revenue in the first quarter 2025?
Centerspace (CSR) reported revenue of $67.1M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +1% from the quarter before.
Was Centerspace profitable in the first quarter 2025?
Operating profit was $4.7M (7.1% of revenue) and net loss $4.2M.
Source: Centerspace 10-Q on SEC EDGAR.