Filing Flows › Centerspace (CSR) › Q2 2025
Centerspace (CSR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Centerspace (CSR) reported revenue of $68.5M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +2% from the quarter before. Operating margin was -9.9%, net loss $16.8M (24.5% of revenue).
Centerspace, Q2 2025: revenue $68.5M (+5% year over year), operating margin -9.9%, net loss $16.8M, operating cash flow $25.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $68.5M | +2% | +5% |
| Operating profit | −$6.8M | -243% | — |
| Net earnings | −$16.8M | — | — |
| Operating cash flow | $25.3M | -0.6% | +11% |
What changed
Revenue was $68.5M in Q2 2025, up 5% year over year and up 2% from the previous quarter.
Operating costs exceeded revenue by $6.8M, an operating margin of -9.9%. Total costs grew 30% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+33%). The quarter ended with a net loss of $16.8M, wider than the previous quarter's $4.2M loss. Minority interests bore $2.3M of it: to shareholders the quarter was a loss of $14.5M. Net interest and other expense of $10.0M was the main reason.
Operating cash flow was $25.3M (up 11% year over year). Non-cash charges added back $27.5M of depreciation and amortization and $833K of share-based compensation. Working capital and other items added $13.8M. Capital expenditures of $149.0M exceeded it, leaving free cash flow of −$123.7M.
Questions
What was Centerspace's revenue in the second quarter 2025?
Centerspace (CSR) reported revenue of $68.5M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +2% from the quarter before.
Was Centerspace profitable in the second quarter 2025?
Operating loss was $6.8M (-9.9% of revenue) and net loss $16.8M.
Source: Centerspace 10-Q on SEC EDGAR.