CenterspaceNYSE: CSR

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 will host a conference call to discuss those results on the following day, Tuesday, July 30, 2024, at 10:00 a.m.

Centerspace (CSR) reported quarterly funds from operations (FFO) of $1.23 per share, surpassing the Zacks Consensus Estimate of $1.12 per share. This is an increase from FFO of $1.07 per share in the same quarter last year.

Given the inflationary environment, it may be wise to think about investing in REITs like Centerspace (CSR), Ellington Residential Mortgage REIT (EARN), and Iron Mountain (IRM).

Investors who are interested in REIT and Equity Trust - Residential stocks are probably familiar with Centerspace (CSR) and Essex Property Trust (ESS). However, which of these two stocks is more appealing to value investors?

Despite the elevated supply of new units, high homeownership costs and tech-enabled features are likely to draw healthy rental demand, poising the Zacks Equity REIT - Residential industry players like INVH, UMH and CSR well for growth.

Centerspace (CSR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Investors with an interest in REIT and Equity Trust - Residential stocks have likely encountered both Centerspace (CSR) and Essex Property Trust (ESS). But which of these two stocks is more attractive to value investors?

Centerspace (CSR) came out with quarterly funds from operations (FFO) of $1.22 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to FFO of $1.17 per share a year ago.

Multifamily operator, Centerspace, raised the midpoint of full-year core FFO and announced an entry into a new MSA, Fort Collins, Colorado. The entry into Fort Collins provides an attractive opportunity for CSR to attract new tenants into their properties. Slowing rental rate growth, however, may offset some of this benefit.