Centerspace (CSR)

NYSE: CSR · Real-Time Price · USD
62.34
+1.36 (2.23%)
Jan 21, 2025, 4:00 PM EST - Market closed
2.23%
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]

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

Financial Performance

Financial Statements

Analyst 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.

Price Target
$71.57
(14.81% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

8 hours ago - Seeking Alpha

Apartment Rents Are Too Low

Apartment rental rates are significantly below equilibrium due to oversupply from zero interest rate policies, with rents expected to rise 10%-20% by 2027. Investment opportunities in apartment REITs ...

Other symbols: AVBCPTESSIRTNXRT
8 days ago - Seeking Alpha

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...

Other symbols: AVBBRTCPTELMEEQRESSIRT
17 days ago - Seeking Alpha

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...

5 weeks 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
7 weeks 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 ...

7 weeks 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 ...

3 months 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...

3 months 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...

3 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
3 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. ...

3 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...

4 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...

4 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...

5 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% ...

5 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...

5 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...

6 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...

6 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
6 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...

7 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 ...

7 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
7 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...

8 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...

8 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....

9 months ago - Seeking Alpha