Centerspace (CSR)

NYSE: CSR · Real-Time Price · USD
66.01
+1.26 (1.95%)
Dec 20, 2024, 4:00 PM EST - Market closed
1.95%
Market Cap 1.15B
Revenue (ttm) 258.64M
Net Income (ttm) -24.35M
Shares Out 17.38M
EPS (ttm) -1.73
PE Ratio n/a
Forward PE n/a
Dividend $3.00 (4.55%)
Ex-Dividend Date Sep 30, 2024
Volume 181,975
Open 64.16
Previous Close 64.75
Day's Range 64.05 - 66.86
52-Week Range 20.10 - 76.16
Beta 0.92
Analysts Buy
Price Target 71.50 (+8.32%)
Earnings Date Oct 28, 2024

About CSR

Centerspace, collectively with its consolidated subsidiaries (“Centerspace,” “the Company,” “we,” “us,” or “our”), is a North Dakota real estate investment trust (“REIT”) focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of March 31, 2024, Centerspace owned interests in 70 apartment communities consisting of 12,883 apartment homes. [Read more]

Sector Real Estate
Founded 1970
Employees 414
Stock Exchange NYSE
Ticker Symbol CSR
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for CSR stock is "Buy." The 12-month stock price forecast is $71.5, which is an increase of 8.32% from the latest price.

Price Target
$71.5
(8.32% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Centerspace: Attractively Valued Despite Signs Of Moderating Growth

Centerspace manages 13,014 apartments with a focus on Minnesota, Colorado, and North Dakota. Q3 2024 per share results were impacted by a capital increase to fund the redemption of the Series C prefer...

9 days ago - Seeking Alpha

Property Type Round-Up From REITworld 2024

REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior h...

Other symbols: AHRAMHAMTAVBBRXBXBXP
17 days ago - Seeking Alpha

CENTERSPACE ANNOUNCES QUARTERLY DIVIDEND

MINNEAPOLIS , Dec. 2, 2024 /PRNewswire/ -- NYSE: CSR. Centerspace's Board of Trustees announced today that it has declared a regular quarterly distribution of $0.75 per share/unit, payable on January ...

18 days ago - PRNewsWire

Centerspace (CSR) Q3 2024 Earnings Call Transcript

Centerspace (NYSE:CSR) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Josh Klaetsch - IR Anne Olson - President and CEO Bhairav Patel - EVP and CFO Grant Campbell ...

7 weeks ago - Seeking Alpha

Centerspace Reports Third Quarter 2024 Financial Results and Raises Mid-Point for 2024 Core FFO per Share Guidance

MINNEAPOLIS , Oct. 28, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the three and nine months ended September 30, 2024. The tables below show Ne...

7 weeks ago - PRNewsWire

CENTERSPACE ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE DATE

MINNEAPOLIS , Oct. 7, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) will release its operating results for the quarter ended September 30, 2024, after the market closes on Monday, October 28, 2024. Man...

2 months ago - PRNewsWire

IRET: U.S. REIT ETF With 3.4% Yield, But An Unclear Value Proposition

IRET is a U.S. REIT index ETF. It invests in 40 U.S. REITs based on quality, value, and projected growth, with industry caps for diversification. Given its higher expenses and marginally weaker perfor...

Other symbols: IRET
2 months ago - Seeking Alpha

CENTERSPACE EXPANDS PRESENCE IN DENVER MARKET & PROVIDES UPDATE ON THIRD QUARTER 2024 BALANCE SHEET ACTIVITY

MINNEAPOLIS , Oct. 2, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced that on October 1, 2024, it closed on the acquisition of The Lydian in Denver, CO, for total consideration of $54 million. ...

2 months ago - PRNewsWire

Canadian REITs: Higher Yield Up North

For income-focused investors willing to venture outside the United States, Canadian REITs offer appealing qualities as a potential portfolio diversifier alongside their larger and more established U.S...

3 months ago - Seeking Alpha

Centerspace: One Of The Cheapest Multifamily REITs

Centerspace focuses on residential properties in Minnesota and Colorado. Its portfolio should benefit from stable population growth and lower unemployment rates in key markets. With manageable leverag...

3 months ago - Seeking Alpha

CENTERSPACE ANNOUNCES QUARTERLY DIVIDEND, REDEMPTION OF SERIES C PREFERRED SHARES AND SHARE ISSUANCE UPDATE

MINNEAPOLIS , Sept. 3, 2024 /PRNewswire/ -- (NYSE: CSR) Centerspace's (the "Company") Board of Trustees announced today that it has declared a regular quarterly distribution of $0.75 per share/unit, p...

3 months ago - PRNewsWire

Centerspace: Increased 2024 Outlook As Occupancy Recovers

Centerspace is a residential REIT focused primarily on Minnesota, Colorado, and North Dakota. The REIT has significantly outperformed the Vanguard Real Estate Index Fund ETF in 2024, delivering a 32% ...

4 months ago - Seeking Alpha

CENTERSPACE ANNOUNCES FIFTH ANNUAL ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORT

MINNEAPOLIS , Aug. 20, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) published its 2024 Environmental, Social, and Governance (ESG) Report, highlighting the company's commitment to sustainable business...

4 months ago - PRNewsWire

Centerspace (CSR) Q2 2024 Earnings Call Transcript

Centerspace (NYSE:CSR) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Josh Klaetsch - Investor Relations Anne Olson - President and Chief Executive Officer Bhairav Pa...

5 months ago - Seeking Alpha

Centerspace Reports Second Quarter 2024 Financial Results and Raises Mid-Point for 2024 Core FFO per Share Guidance

MINNEAPOLIS , July 29, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the three and six months ended June 30, 2024. The tables below show Net Inco...

5 months ago - PRNewsWire

Apartment Fundamental Outlook Improved As Supply Wanes

Apartment REITs have beaten 1Q24 earnings despite a massive new supply wave hitting the sector in 2024 and early 2025. Demand drivers such as strong employment, low savings rate, high cost of houses, ...

Other symbols: AIVCPTNXRTVRE
5 months ago - Seeking Alpha

CENTERSPACE APPOINTS JAY ROSENBERG TO BOARD OF TRUSTEES

MINNEAPOLIS , July 9, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the appointment of Jay Rosenberg to its Board of Trustees on July 8, 2024. Mr. Rosenberg will also serve on Centerspa...

5 months ago - PRNewsWire

CENTERSPACE ANNOUNCES SECOND QUARTER 2024 EARNINGS RELEASE DATE

MINNEAPOLIS , July 3, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) will release its operating results for the quarter ended June 30, 2024, after the market closes on Monday, July 29, 2024. Management ...

6 months ago - PRNewsWire

Equity REITs: Takeaways From REITWeek 2024

Overall positive outlook for REIT industry with decline in development activity, potential for increased transaction market activity, and well-capitalized REITs poised for growth. Key themes from REIT...

Other symbols: AHRAMHAMTBRXBXPCCICOLD
6 months ago - Seeking Alpha

Centerspace: Attractive Valuation Despite The Risks

Centerspace is a residential REIT with interests in 70 apartment communities, primarily in Minnesota, Colorado and North Dakota. Occupancy is at 94.6%, down 0.3% Y/Y, indicating some distress as the c...

7 months ago - Seeking Alpha

Elior Delivers an Outstanding First-Half Performance

PARIS LA DÉFENSE--(BUSINESS WIRE)--Regulatory News: Today, Elior Group (Paris:ELIOR) (Euronext Paris – ISIN: FR 0011950732), a world leader in catering and multiservices, is releasing its unaudited re...

7 months ago - Business Wire

The Labor Downshift

U.S. equity markets advanced for a second week while benchmark interest rates retreated from five-month highs after a critical slate of employment data showed a long-awaited cooldown in hiring trends....

8 months ago - Seeking Alpha

Billionaire Investors Say 'Buy REITs'

Blackstone has been on a REIT buying spree. Its leaders are self-made billionaires, and they talk highly about REITs. This is not surprising given that they are trading at their lowest valuations in o...

Other symbols: AIRCAMHBXCPTDLRINVHIRM
8 months ago - Seeking Alpha

Private REITs 101 Revisited: Do You Invest In BREIT Or A Diverse Public REIT Portfolio?

Blackstone's NAV REIT, BREIT, raised $66 billion from 2017 to 2022, surpassing all publicly-listed REITs in equity raised in 2022 alone. BREIT's ability to redeem shares at reported NAV distinguishes ...

8 months ago - Seeking Alpha

Centerspace Reports First Quarter 2024 Financial Results and Raises Mid-Point for 2024 Core FFO per Share Guidance

MINNEAPOLIS , April 29, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the three months ended March 31, 2024. The tables below show Net Income (Lo...

8 months ago - PRNewsWire