Filing Flows › Centerspace (CSR) › Q1 2026
Centerspace (CSR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Centerspace (CSR) reported revenue of $65.1M for the first quarter 2026 (Q1 2026), -3% from a year earlier and -2% from the quarter before. Operating margin was -8.3%, net loss $15.0M (23.0% of revenue).
Centerspace, Q1 2026: revenue $65.1M (-3% year over year), operating margin -8.3%, net loss $15.0M, operating cash flow $21.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.1M | -2% | -3% |
| Operating profit | −$5.4M | — | -214% |
| Net earnings | −$15.0M | — | — |
| Operating cash flow | $21.4M | +69% | -16% |
| Free cash flow | $16.1M | +504% | -21% |
What changed
Revenue was $65.1M in Q1 2026, down 3% year over year and down 2% from the previous quarter.
Operating costs exceeded revenue by $5.4M, an operating margin of -8.3%. Total costs grew 13% against a revenue fall of 3%. The fastest-growing cost line was General & admin (+27%). The quarter ended with a net loss of $15.0M, narrower than the previous quarter's $21.5M loss. Minority interests bore $2.1M of it: to shareholders the quarter was a loss of $12.9M. Net interest and other expense of $9.6M was the main reason.
Operating cash flow was $21.4M (down 16% year over year). Non-cash charges added back $26.9M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $8.5M. Capital expenditures of $5.3M left free cash flow of $16.1M.
Questions
What was Centerspace's revenue in the first quarter 2026?
Centerspace (CSR) reported revenue of $65.1M for the first quarter 2026 (Q1 2026), -3% from a year earlier and -2% from the quarter before.
Was Centerspace profitable in the first quarter 2026?
Operating loss was $5.4M (-8.3% of revenue) and net loss $15.0M.
Source: Centerspace 10-Q on SEC EDGAR.