Cottonwood Communities, Inc.

What Do They Do?

Owns and operates multifamily apartment communities, renting homes to residents, and provides property-management services to other property owners.

How Do They Make Money?

Apartment tenants pay rent and other fees, generally monthly; leases are usually a year or less and may renew annually or monthly by mutual consent.

FY2025 revenue

Who Are Their Customers?

Apartment residents rent homes in Cottonwood’s communities; property owners also receive property-management services for properties Cottonwood does not own.

Do Revenues Turn Into Profits?

No. It lost $4.8M in FY2025.

Operating income, FY2025

1% of revenue

▲ Now profitable vs FY2024 (−$3M, −2%)

Net income, FY2025

−3% of revenue

▼ −56% (Loss) vs FY2024 (−$11M, −7%)

Free cash flow, FY2025

−47% of revenue

▲ +95% (Loss) vs FY2024 (−$36.9M, −23%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +22%; vs $39M in Q2 FY2025
Net income: ▼ Now a loss; vs $18.2M in Q2 FY2025

Sep 4, 2026 Agreed to merge part of Mandel’s property portfolio and management platform The portfolio transactions are subject to closing conditions; Cottonwood separately acquired Park Lafayette Towers.

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