CENTERSPACE

For the period ended Feb 17, 2026. Filed Feb 17, 2026.

About this filing

A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Feb 17, 2026 · Filed Feb 17, 2026

CSR$57.22-2.1%Stored close · as of Nov 6, 2026

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EX-99.1 · Same-Store Comparisons

SAME-STORE FOURTH QUARTER COMPARISONS

Apartment Homes Included · Revenues · Expenses · NOI (2)
Regions · Q4 2025 · Q4 2024 · % Change · Q4 2025 · Q4 2024 · % Change · Q4 2025 · Q4 2024 · % Change
Denver, CO	1,848	$11,329	$11,975	(5.4)%	$3,989	$4,327	(7.8)%	$7,340	$7,648	(4.0)%
Minneapolis, MN	3,744	19,580	19,003	3.0%	8,420	8,532	(1.3)%	11,160	10,471	6.6%
Boulder/Ft. Collins, CO	559	3,441	3,379	1.8%	1,064	999	6.5%	2,377	2,380	(0.1)%
North Dakota	1,710	7,868	7,463	5.4%	2,533	2,986	(15.2)%	5,335	4,477	19.2%
Omaha, NE	872	3,893	3,787	2.8%	890	1,042	(14.6)%	3,003	2,745	9.4%
Rochester, MN	1,129	6,094	6,046	0.8%	2,343	2,294	2.1%	3,751	3,752	—%
Other Mountain West(1)	1,222	5,378	5,366	0.2%	1,634	1,819	(10.2)%	3,744	3,547	5.6%
Same-Store Total	11,084	$57,583	$57,019	1.0%	$20,873	$21,999	(5.1)%	$36,710	$35,020	4.8%

% of NOI · Weighted Average Occupancy (3) · Average MonthlyRental Rate (3) · Average MonthlyRevenue per Occupied Home (3)
Regions · Q4 2025 · Q4 2024 · Growth · Q4 2025 · Q4 2024 · % Change · Q4 2025 · Q4 2024 · % Change
Denver, CO	20.0%	93.8%	95.4%	(1.6)%	$1,952	$2,000	(2.4)%	$2,178	$2,263	(3.8)%
Minneapolis, MN	30.4%	95.8%	95.4%	0.4%	1,620	1,586	2.1%	1,819	1,773	2.6%
Boulder/Ft. Collins, CO	6.5%	95.8%	95.2%	0.6%	1,903	1,905	(0.1)%	2,142	2,116	1.2%
North Dakota	14.5%	96.1%	96.7%	(0.6)%	1,455	1,374	5.9%	1,597	1,505	6.1%
Omaha, NE	8.2%	95.2%	96.3%	(1.1)%	1,423	1,369	3.9%	1,564	1,503	4.1%
Rochester, MN	10.2%	95.0%	96.0%	(1.0)%	1,802	1,759	2.4%	1,893	1,859	1.8%
Other Mountain West(1)	10.2%	95.3%	95.7%	(0.4)%	1,364	1,352	0.9%	1,540	1,530	0.7%
Same-Store Total	100.0%	95.3%	95.7%	(0.4)%	$1,639	$1,613	1.6%	$1,818	$1,791	1.5%

SAME-STORE SEQUENTIAL QUARTER COMPARISONS

Apartment Homes Included · Revenues · Expenses · NOI (2)
Regions · Q4 2025 · Q3 2025 · % Change · Q4 2025 · Q3 2025 · % Change · Q4 2025 · Q3 2025 · % Change
Denver, CO	1,848	$11,329	$11,715	(3.3)%	$3,989	$3,994	(0.1)%	$7,340	$7,721	(4.9)%
Minneapolis, MN	3,744	19,580	19,590	(0.1)%	8,420	8,516	(1.1)%	11,160	11,074	0.8%
Boulder/Ft. Collins, CO	559	3,441	3,450	(0.3)%	1,064	1,092	(2.6)%	2,377	2,358	0.8%
North Dakota	1,710	7,868	7,836	0.4%	2,533	2,799	(9.5)%	5,335	5,037	5.9%
Omaha, NE	872	3,893	3,832	1.6%	890	1,631	(45.4)%	3,003	2,201	36.4%
Rochester, MN	1,129	6,094	6,217	(2.0)%	2,343	2,433	(3.7)%	3,751	3,784	(0.9)%
Other Mountain West(1)	1,222	5,378	5,421	(0.8)%	1,634	2,065	(20.9)%	3,744	3,356	11.6%
Same-Store Total	11,084	$57,583	$58,061	(0.8)%	$20,873	$22,530	(7.4)%	$36,710	$35,531	3.3%

% of NOI · Weighted Average Occupancy (3) · Average MonthlyRental Rate (3) · Average MonthlyRevenue per Occupied Home (3)
Regions · Q4 2025 · Q3 2025 · Growth · Q4 2025 · Q3 2025 · % Change · Q4 2025 · Q3 2025 · % Change
Denver, CO	20.0%	93.8%	94.5%	(0.7)%	$1,952	$1,956	(0.2)%	$2,178	$2,236	(2.6)%
Minneapolis, MN	30.4%	95.8%	96.1%	(0.3)%	1,620	1,607	0.8%	1,819	1,815	0.2%
Boulder/Ft. Collins, CO	6.5%	95.8%	96.4%	(0.6)%	1,903	1,905	(0.1)%	2,142	2,133	0.4%
North Dakota	14.5%	96.1%	97.0%	(0.9)%	1,455	1,431	1.7%	1,597	1,575	1.4%
Omaha, NE	8.2%	95.2%	93.9%	1.4%	1,423	1,401	1.6%	1,564	1,560	0.3%
Rochester, MN	10.2%	95.0%	95.8%	(0.8)%	1,802	1,799	0.2%	1,893	1,916	(1.2)%
Other Mountain West(1)	10.2%	95.3%	96.4%	(1.1)%	1,364	1,360	0.3%	1,540	1,534	0.4%
Same-Store Total	100.0%	95.3%	95.8%	(0.5)%	$1,639	$1,629	0.6%	$1,818	$1,823	(0.3)%

SAME-STORE YEAR-TO-DATE COMPARISONS

Apartment Homes Included · Revenues · Expenses · NOI (2)
Regions · 2025 · 2024 · % Change · 2025 · 2024 · % Change · 2025 · 2024 · % Change
Denver, CO	1,848	$46,655	$47,571	(1.9)%	$16,878	$16,972	(0.6)%	$29,777	$30,599	(2.7)%
Minneapolis, MN	3,744	78,133	75,938	2.9%	32,846	32,078	2.4%	45,287	43,860	3.3%
Boulder/Ft. Collins, CO	559	13,825	13,582	1.8%	4,368	4,239	3.0%	9,457	9,343	1.2%
North Dakota	1,710	31,003	29,119	6.5%	11,080	11,401	(2.8)%	19,923	17,718	12.4%
Omaha, NE	872	15,247	14,622	4.3%	5,438	5,616	(3.2)%	9,809	9,006	8.9%
Rochester, MN	1,129	24,725	23,952	3.2%	9,289	8,951	3.8%	15,436	15,001	2.9%
Other Mountain West(1)	1,222	21,548	20,978	2.7%	7,540	7,641	(1.3)%	14,008	13,337	5.0%
Same-Store Total	11,084	$231,136	$225,762	2.4%	$87,439	$86,898	0.6%	$143,697	$138,864	3.5%

% of NOI · Weighted Average Occupancy (3) · Average MonthlyRental Rate (3) · Average MonthlyRevenue per Occupied Home (3)
Regions · 2025 · 2024 · Growth · 2025 · 2024 · % Change · 2025 · 2024 · % Change
Denver, CO	20.7%	94.2%	95.4%	(1.3)%	$1,967	$1,994	(1.4)%	$2,232	$2,248	(0.7)%
Minneapolis, MN	31.6%	96.2%	95.3%	0.9%	1,604	1,582	1.4%	1,808	1,774	1.9%
Boulder/Ft. Collins, CO	6.6%	96.0%	95.5%	0.5%	1,905	1,897	0.4%	2,147	2,119	1.3%
North Dakota	13.9%	96.8%	96.4%	0.4%	1,417	1,341	5.7%	1,561	1,472	6.0%
Omaha, NE	6.8%	94.4%	94.2%	0.2%	1,399	1,351	3.6%	1,544	1,483	4.1%
Rochester, MN	10.7%	96.2%	95.6%	0.6%	1,786	1,742	2.5%	1,896	1,849	2.5%
Other Mountain West(1)	9.7%	96.1%	94.7%	1.5%	1,355	1,349	0.4%	1,529	1,511	1.2%
Same-Store Total	100.0%	95.7%	95.4%	0.3%	$1,626	$1,602	1.5%	$1,815	$1,779	2.0%

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