Centerspace(US:CSR)2020-11-03 14:45Financial Performance - Net Income was $138 per diluted share for Q3 2020, compared to $254 per diluted share for the same period in 2019[4] - Core FFO increased 33% to $094 per diluted share for Q3 2020, compared to $091 for Q2 2020[4] - Total collections were 988% of expected residential revenue for Q3 2020, compared to 996% for the same period of 2019[4] Portfolio and Operations - Physical occupancy for same-store communities was 953% for Q3 2020, compared to 943% for the same period of 2019[4] - Same-store controllable expenses decreased 20% for the nine months ended September 30, 2020, contributing to NOI growth of 10%[4] - Same-store new lease rates remained flat for Q3 2020, compared to a decline of (12%) in Q2 2020[4] - As of September 30, 2020, the company owned interests in 67 apartment communities consisting of 11,910 apartment homes[18] Acquisitions and Dispositions - Acquired Parkhouse Apartment Homes, a 465-home apartment community in Thornton, Colorado for $1448 million[5] - Disposed of four apartment communities in Grand Forks, North Dakota and a commercial property for $430 million[5] Balance Sheet and Liquidity - Total liquidity at the end of Q3 2020 was $1318 million, consisting of $1150 million available under the line of credit and $168 million in cash and cash equivalents[6]