Centerspace: Q3 Earnings Snapshot

MINOT, N.D. (AP) — MINOT, N.D. (AP) — Centerspace (CSR) on Monday reported a key measure of profitability in its third quarter.

The real estate investment trust, based in Minot, North Dakota, said it had funds from operations of $21.8 million, or $1.11 per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $123.3 million, or $7.28 per share.

The real estate investment trust, based in Minot, North Dakota, posted revenue of $59.5 million in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSR at https://www.zacks.com/ap/CSR