Centerspace (CSR)
Market Cap | 1.08B |
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 (4.81%) |
Ex-Dividend Date | Dec 30, 2024 |
Volume | 71,297 |
Open | 61.12 |
Previous Close | 60.98 |
Day's Range | 61.12 - 62.66 |
52-Week Range | 20.10 - 76.16 |
Beta | 0.93 |
Analysts | Buy |
Price Target | 71.57 (+14.81%) |
Earnings Date | Feb 18, 2025 |
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]
Financial Performance
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for CSR stock is "Buy." The 12-month stock price forecast is $71.57, which is an increase of 14.81% from the latest price.
News
Centerspace: Midwestern Apartments At A Discount
Centerspace is a Midwest-focused apartment REIT trading at a discount to peers, with strong near-term AFFO/share growth prospects not priced in. CSR's clever acquisition strategy, including using OP u...
Sector Spotlight: Multifamily REITs - They Survived Until 2025!
COVID-19 led to a migration to Sunbelt cities, causing a surge in apartment rents and subsequent overbuilding, which is now stabilizing. Multifamily REITs saw a decline in valuations but are now modes...
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...
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...
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 ...
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 ...
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...
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...
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...
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. ...
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...
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...
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...
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% ...
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...
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...
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...
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, ...
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...
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 ...
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...
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...
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...