Centerspace (CSR)
| Market Cap | 942.07M |
| Revenue (ttm) | 180.24M |
| Net Income (ttm) | 175,000 |
| Shares Out | 13.05M |
| EPS (ttm) | -0.03 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $2.80 |
| Dividend Yield | 3.93% |
| Trading Day | May 7 |
| Last Price | $71.26 |
| Previous Close | $69.84 |
| Change ($) | 1.42 |
| Change (%) | 2.03% |
| Day's Open | 69.24 |
| Day's Range | 69.11 - 71.44 |
| Day's Volume | 36,042 |
| 52-Week Range | 56.38 - 75.68 |
Centerspace (CSR) delivered FFO and revenue surprises of 7.95% and 1.69%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
MINNEAPOLIS, May 3, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the quarter ended March 31, 2021. The tables below show Net Income, Funds from Op...
MINNEAPOLIS, April 19, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announces 122% increase to its mid-point earnings per share outlook and 4.2% increase to its mid-point Core FFO outlook for 2021 based...
MINNEAPOLIS, April 13, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announces that it will release its first quarter 2021 operating results after the market closes on Monday, May 3, 2021. Conference C...
MINNEAPOLIS, Feb. 22, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the year ended December 31, 2020. The tables below show Net Income (Loss), Fund...
MINNEAPOLIS, Feb. 1, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announces that it will release its operating results for the year ended December 31, 2020 after the market closes on Monday, February 22...
MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the tax treatment (Form 1099-DIV) for calendar year 2020 distributions on its common and preferred shares of beneficial...
The average REIT had a negative monthly return in 7 of the 12 months of 2020, with a 3.48% total return in December. Mid cap (+4.5%) and micro cap REITs (+3.45%) outperformed in December, while small ca...
MINNEAPOLIS, Jan. 6, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today that it has acquired Union Pointe Apartment Homes in Longmont, Colorado, for an aggregate purchase price of $76.9 millio...
IRET's share price has nearly fully recovered since the start of the year, and occupancy has remained strong. However, some near-term headwinds remain, and the balance sheet is more leveraged than what ...
The pandemic-driven "urban exodus" hasn't yet shown signs of slowing. Apartment REITs in the coastal "shutdown cities" have been slammed as residents flee to lower-cost suburban markets and business-fri...
Investors Real Estate Trust's (IRET) CEO Mark Decker on Q3 2020 Results - Earnings Call Transcript
Investors Real Estate Trust (IRET) delivered FFO and revenue surprises of 11.90% and 0.60%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
MINNEAPOLIS, Nov. 2, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today its financial and operating results for the quarter ended September 30, 2020. The tables below show Net Income, Funds from Ope...
MINNEAPOLIS, Oct. 13, 2020 /PRNewswire/ -- IRET (NYSE: IRET) provides update on operating performance for September 2020 and announces that it will release its third quarter 2020 operating results after...
MINNEAPOLIS, Sept. 22, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today it has acquired Parkhouse Apartment Homes in Thornton, Colorado, for an aggregate purchase price of $144,750,000. Parkhouse,...
MINNEAPOLIS, Sept. 4, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that its Board of Trustees declared a regular quarterly distribution of $0.70 per share/unit, payable on October 9, 2020, to ...
MINNEAPOLIS, Sept. 1, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that it sold four apartment communities consisting of 690 apartment homes in Grand Forks, North Dakota for an aggregate sale ...
Investors Real Estate Trust (IRET) CEO Mark Decker on Q2 2020 Results - Earnings Call Transcript
Investors Real Estate Trust (IRET) delivered FFO and revenue surprises of 3.41% and -2.67%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
MINOT, N.D., Aug. 3, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today its financial and operating results for the quarter ended June 30, 2020.
I like IRET's recent portfolio transformation and non-gateway market concentration. The stock price is just too high today.
MINNEAPOLIS, July 14, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that it will release its second quarter 2020 operating results after the market closes on Monday, August 3, 2020 and provided...
MINNEAPOLIS, June 29, 2020 /PRNewswire/ -- IRET (NYSE: IRET) is proud to announce that it has been recognized for the first time as a Top Workplace for 2020 by the Minneapolis Star Tribune. This distinc...
MINOT, N.D., June 5, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that its Board of Trustees declared a regular quarterly distribution of $0.70 per share/unit, payable on July 10, 2020, to com...
MINNEAPOLIS, June 1, 2020 /PRNewswire/ -- IRET (NYSE: IRET) IRET is scheduled to present at Nareit's 2020 REITweek Virtual Investor Conference on June 2, 2020 at 1:40 PM ET. The presentation will be ava...
MINNEAPOLIS, May 18, 2020 /PRNewswire/ -- IRET (NYSE: IRET) published today its 2019 Environmental, Social, and Governance (ESG) Report. This is IRET's inaugural ESG report designed to showcase its comm...
Investors Real Estate Trust (IRET) CEO Mark Decker on Q1 2020 Results - Earnings Call Transcript
Investors Real Estate Trust (IRET) delivered FFO and revenue surprises of 9.76% and -0.88%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
With Covid-19 shutdowns shaking the economies of countries around the world, the demand for different types of properties is shifting as well.
Investors Real Estate Trust's (IRET) buyout of properties in well-connected locations at Minneapolis will likely generate higher cash flow and place the company well for a better growth trajectory.
Investors Real Estate Trust (IRET) CEO Mark Decker on Q4 2019 Results - Earnings Call Transcript
Investors Real Estate Trust's (IRET) sell of 10 apartment communities comes as part of the company's portfolio-transformation efforts.
Investors Real Estate Trust's (IRET) CEO Mark Decker on Q3 2019 Results - Earnings Call Transcript
Investors Real Estate Trust's (IRET) buyout of properties in advantageous location in Denver and Minneapolis likely to result in higher-quality cash flow and position it for a better growth trajectory.
Wednesday marked the worst day on Wall Street this year after the bond yield curve inverted, sending investors into a sell-off frenzy.
Investors Real Estate Trust (IRET) CEO Mark Decker on Q2 2019 Results - Earnings Call Transcript
Investors Real Estate Trust (IRET) CEO Mark Decker on Q1 2019 Results - Earnings Call Transcript
About CSR
IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities. As of September 30, 2020, we owned interests in 67 apartment communities consisting of 11,910 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRET PC, respectively).
| Industry Other Financial Vehicles | Founded 1970 |
| CEO Mark Decker | Employees 340 |
| Stock Exchange NYSE | Ticker Symbol CSR |
Financial Performance
In 2020, Centerspace's revenue was $177.99 million, a decrease of -4.18% compared to the previous year's $185.76 million. Earnings were $4.44 million, a decrease of -94.35%.
Analyst Forecasts
According to 9 analysts, the average rating for Centerspace stock is "Buy." The 12-month stock price forecast is 76.33, which is an increase of 7.11% from the latest price.