Centerspace (CSR)
Market Cap | 1.12B |
Revenue (ttm) | 260.98M |
Net Income (ttm) | -19.66M |
Shares Out | 17.60M |
EPS (ttm) | -1.27 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | $3.08 (4.83%) |
Ex-Dividend Date | Mar 28, 2025 |
Volume | 33,779 |
Open | 64.00 |
Previous Close | 64.45 |
Day's Range | 63.43 - 64.52 |
52-Week Range | 54.90 - 76.16 |
Beta | 0.93 |
Analysts | Buy |
Price Target | 72.43 (+13.58%) |
Earnings Date | Apr 28, 2025 |
About CSR
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of December 31, 2024, Centerspace owned 71 apartment communities consisting of 13,012 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a top workplace for the fifth consecutive year in 2024 by the Minneapolis Star Tribune. [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 $72.43, which is an increase of 13.58% from the latest price.
News

8 Upcoming Dividend Increases, Including A King
Highlighting eight companies with upcoming dividend increases, four exceeding 10%, and an average increase of 11.4%, median at 9%. My investment strategy focuses on buying, holding, and expanding stak...

CENTERSPACE ANNOUNCES CHANGE TO BOARD OF TRUSTEES
MINNEAPOLIS , March 13, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today that Jeff Caira, a member of the Company's Board of Trustees, will retire as a trustee, chair of the Nominating and...

Centerspace: Shares Remain Attractive Even As NOI Growth Moderates
Centerspace is a residential REIT focused on apartment communities, primarily in Minnesota and Colorado. The company delivered a core FFO of $4.88/share in 2024, with a circa 2% increase forecast for ...

Centerspace (CSR) Q4 2024 Earnings Call Transcript
Centerspace (NYSE:CSR) Q4 2024 Earnings Conference Call February 19, 2025 10:00 AM ET Company Participants Josh Klaetsch - Investor Relations Anne Olson - President and Chief Executive Officer Grant ...

Centerspace Announces Financial and Operating Results for the Year Ended December 31, 2024 and Provides 2025 Financial Outlook
MINNEAPOLIS , Feb. 18, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the year ended December 31, 2024. The tables below show Net Income (Loss), F...

CENTERSPACE ANNOUNCES FOURTH QUARTER 2024 EARNINGS RELEASE DATE
MINNEAPOLIS , Jan. 27, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) will release its operating results for the quarter ended December 31, 2024, after the market closes on Tuesday, February 18, 2025. M...

CENTERSPACE ANNOUNCES 2024 DIVIDEND ALLOCATIONS
MINNEAPOLIS , Jan. 23, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the tax treatment (Form 1099-DIV) for calendar year 2024 distributions on its common and preferred shares of benefic...

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...