Filing Flows › Centerspace (CSR) › Q3 2025
Centerspace (CSR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Centerspace (CSR) reported revenue of $71.4M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +4% from the quarter before. Operating margin was 108.1%, net earnings $53.8M (75.3% of revenue).
Centerspace, Q3 2025: revenue $71.4M (+10% year over year), operating margin 108.1%, net earnings $53.8M, operating cash flow $35.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $71.4M | +4% | +10% |
| Operating profit | $77.2M | — | 12× |
| Net earnings | $53.8M | — | — |
| Operating cash flow | $35.1M | +39% | +8% |
What changed
Revenue was $71.4M in Q3 2025, up 10% year over year and up 4% from the previous quarter.
Operating profit was $77.2M, a 108.1% margin (up 98.4 points year over year). Of the extra revenue versus a year earlier, 1112% reached operating profit, above the 10% margin then. Net earnings were $53.8M. The effective tax rate was 0.0%.
Operating cash flow was $35.1M (up 8% year over year), 54% of net income including minority interests. Non-cash charges added back $29.4M of depreciation and amortization and $873K of share-based compensation. Working capital and other items used $60.7M. Capital expenditures of $55.7M exceeded it, leaving free cash flow of −$20.7M.
Questions
What was Centerspace's revenue in the third quarter 2025?
Centerspace (CSR) reported revenue of $71.4M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +4% from the quarter before.
Was Centerspace profitable in the third quarter 2025?
Operating profit was $77.2M (108.1% of revenue) and net earnings $53.8M.
Source: Centerspace 10-Q on SEC EDGAR.