Centerspace (CSR)
| Market Cap | 1.46B |
| Revenue (ttm) | 182.98M |
| Net Income (ttm) | 25.49M |
| Shares Out | 13.22M |
| EPS (ttm) | 1.95 |
| PE Ratio | 53.21 |
| Forward PE | n/a |
| Dividend | $2.80 (2.70%) |
| Ex-Dividend Date | Sep 29, 2021 |
| Volume | 34,447 |
| Open | 102.64 |
| Previous Close | 101.92 |
| Day's Range | 100.48 - 103.77 |
| 52-Week Range | 64.21 - 107.39 |
| Beta | 0.93 |
| Analysts | Buy |
| Price Target | 108.00 (+4.1%) |
| Est. Earnings Date | Nov 1, 2021 |
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 June 30, 2021, Centerspace owned 62 apartment communities consisting of 11,579 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.
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%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for Centerspace stock is "Buy." The 12-month stock price forecast is 108.00, which is an increase of 4.10% from the latest price.
News
Centerspace Announces Dates For The Earnings Release And Conference Call For The Third Quarter Of 2021
MINNEAPOLIS, Oct. 12, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announces that it will release its third quarter 2021 operating results after the market closes on Monday, November 1, 2021. Conferen...
Centerspace Improves And Extends Credit Line; Repays Bank Loans
MINNEAPOLIS, Sept. 30, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today that it has amended and extended its existing $250 million revolving credit facility.
Centerspace Issues $125 Million Of Unsecured Notes
MINNEAPOLIS, Sept. 20, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today that the Company has issued $125 million of unsecured senior notes.
Centerspace Closes On Minnesota Portfolio Acquisition
MINNEAPOLIS , Sept. 2, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today that it has closed on its strategic portfolio acquisition in Minneapolis and St. Cloud, Minnesota for an aggregate pur...
Centerspace Announces 2.8% Increase To Common Distributions For The 3rd Quarter Of Calendar Year 2021
MINNEAPOLIS, Aug. 30, 2021 /PRNewswire/ -- NYSE: CSR. Centerspace announced today that the Board of Trustees has declared a regular quarterly distribution of $0.72 per share/unit, payable on October 11,...
Centerspace (CSR) Q2 FFO Beat Estimates
Centerspace (CSR) delivered FFO and revenue surprises of 2.15% and -0.16%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Centerspace Reports Strong Second Quarter 2021 Financial Results; Improved Financial Outlook
MINNEAPOLIS, Aug. 2, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the three and six months ended June 30, 2021. The tables below show Net Income, ...
Should You Buy Investors Real Estate Trust (CSR) Ahead of Earnings?
Investors Real Estate Trust (CSR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Centerspace (CSR) Upgraded to Buy: Here's Why
Centerspace (CSR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Centerspace Announces Dates For The Earnings Release And Conference Call For The Second Quarter Of 2021
MINNEAPOLIS, July 13, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announces that it will release its second quarter 2021 operating results after the market closes on Monday, August 2, 2021. Conferenc...
Centerspace Announces Distributions For The 2nd Quarter Of Calendar Year 2021
MINNEAPOLIS, June 4, 2021 /PRNewswire/ -- Centerspace's (NYSE: CSR) Board of Trustees announced today that it has declared a regular quarterly distribution of $0.70 per share/unit, payable on July 12, 2...
Centerspace To Acquire $324 Million Strategic Minnesota Portfolio
MINNEAPOLIS, June 3, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) has entered into Contribution Agreements with entities managed by KMS Management, Inc. ("KMS"), to acquire a portfolio of 17 communities...
Centerspace Announces Second Annual Environmental, Social, And Governance Report And Provides April Leasing Activity
MINNEAPOLIS, May 24, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) published its 2020 Environmental, Social, and Governance (ESG) Report, highlighting the company's commitment to sustainable business pra...
Centerspace (CSR) Beats Q1 FFO and Revenue Estimates
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?
Centerspace Reports Strong First Quarter 2021 Financial Results
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...
Centerspace Announces Improved Financial Outlook And First Quarter Leasing Activity
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...
Centerspace Announces Dates for the Earnings Release and Conference Call for the First Quarter of 2021
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...
Centerspace Announces Financial and Operating Results for the Year Ended December 31, 2020 and Provides 2021 Financia...
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...
Centerspace Announces Dates For The Earnings Release And Conference Call For The Year Ended December 31, 2020
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...
Centerspace Announces 2020 Dividend Allocations
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 State Of REITs: January 2021 Edition
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...
Centerspace Continues Growth In Denver Market And Prices Unsecured Notes
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...
Investors Real Estate Trust: Don't Move In Just Yet
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 ...
Apartment REITs: Urban Exodus Until Vaccine
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...