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Centerspace (CSR) Stock

Profile

Industry:

Residential

Country:

United States

IPO:

17 October 1997

Indexes:

Not included

Description:

Centerspace is a real estate company that focuses on developing and managing residential properties. They aim to create vibrant communities by providing quality living spaces and excellent customer service. Centerspace is committed to sustainability and enhancing the quality of life for their residents.

Events Calendar

Earnings

Next earnings date:

Feb 20, 2025

Recent quarterly earnings:

Oct 28, 2024

Recent annual earnings:

Feb 20, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 30, 2024
Splits

Next split:

N/A

Recent split:

Dec 28, 2018

Analyst ratings

Recent major analysts updates

17 Dec '24 Wedbush
Neutral
30 Oct '24 RBC Capital
Outperform
21 Oct '24 Raymond James
Market Perform
29 Aug '24 Raymond James
Outperform
12 Aug '24 BTIG
Buy
31 July '24 RBC Capital
Outperform
31 July '24 Piper Sandler
Neutral
06 May '24 Piper Sandler
Neutral
03 May '24 Compass Point
Neutral
01 May '24 RBC Capital
Outperform

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Institutional Ownership

Centerspace: Attractively Valued Despite Signs Of Moderating Growth
Centerspace: Attractively Valued Despite Signs Of Moderating Growth
Centerspace: Attractively Valued Despite Signs Of Moderating Growth
CSR
seekingalpha.com12 December 2024

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 preferred shares. Only 4% of all debt is variable rate, indicating limited benefits from Fed rate cuts.

CENTERSPACE ANNOUNCES QUARTERLY DIVIDEND
CENTERSPACE ANNOUNCES QUARTERLY DIVIDEND
CENTERSPACE ANNOUNCES QUARTERLY DIVIDEND
CSR
prnewswire.com02 December 2024

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 13, 2025, to common shareholders and unitholders of record at the close of business on December 30, 2024.

Centerspace (CSR) Q3 2024 Earnings Call Transcript
Centerspace (CSR) Q3 2024 Earnings Call Transcript
Centerspace (CSR) Q3 2024 Earnings Call Transcript
CSR
seekingalpha.com29 October 2024

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 - SVP, Investments Conference Call Participants Brad Heffern - RBC Capital Markets John Kim - BMO Capital Markets Connor Mitchell - Piper Sandler Cooper Clark - Wells Fargo Rob Stevenson - Janney Michael Gorman - BTIG Mason Guell - Baird Operator Hello, everyone, and welcome to the Centerspace Q3 2024 Earnings Call. My name is Ezra, and I will be your coordinator today.

Centerspace Reports Third Quarter 2024 Financial Results and Raises Mid-Point for 2024 Core FFO per Share Guidance
Centerspace Reports Third Quarter 2024 Financial Results and Raises Mid-Point for 2024 Core FFO per Share Guidance
Centerspace Reports Third Quarter 2024 Financial Results and Raises Mid-Point for 2024 Core FFO per Share Guidance
CSR
prnewswire.com28 October 2024

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 Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three and nine months ended September 30, 2024; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; along with Same-Store Weighted-Average Occupancy and leasing rates for each of the three and applicable nine months ended September 30, 2024, June 30, 2024, and September 30, 2023.

CSR or AMH: Which Is the Better Value Stock Right Now?
CSR or AMH: Which Is the Better Value Stock Right Now?
CSR or AMH: Which Is the Better Value Stock Right Now?
CSR
zacks.com14 October 2024

Investors interested in REIT and Equity Trust - Residential stocks are likely familiar with Centerspace (CSR) and American Homes 4 Rent (AMH). But which of these two stocks offers value investors a better bang for their buck right now?

CENTERSPACE EXPANDS PRESENCE IN DENVER MARKET & PROVIDES UPDATE ON THIRD QUARTER 2024 BALANCE SHEET ACTIVITY
CENTERSPACE EXPANDS PRESENCE IN DENVER MARKET & PROVIDES UPDATE ON THIRD QUARTER 2024 BALANCE SHEET ACTIVITY
CENTERSPACE EXPANDS PRESENCE IN DENVER MARKET & PROVIDES UPDATE ON THIRD QUARTER 2024 BALANCE SHEET ACTIVITY
CSR
prnewswire.com02 October 2024

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. Centerspace also announced the completed redemption of all outstanding 6.625% Series C Cumulative Redeemable Preferred Shares on September 30, 2024.

Centerspace: One Of The Cheapest Multifamily REITs
Centerspace: One Of The Cheapest Multifamily REITs
Centerspace: One Of The Cheapest Multifamily REITs
CSR
seekingalpha.com06 September 2024

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 leverage, adequate liquidity, and a well-structured debt maturity profile, Centerspace faces minimal solvency risk and offers an attractive forward AFFO yield.

CENTERSPACE ANNOUNCES QUARTERLY DIVIDEND, REDEMPTION OF SERIES C PREFERRED SHARES AND SHARE ISSUANCE UPDATE
CENTERSPACE ANNOUNCES QUARTERLY DIVIDEND, REDEMPTION OF SERIES C PREFERRED SHARES AND SHARE ISSUANCE UPDATE
CENTERSPACE ANNOUNCES QUARTERLY DIVIDEND, REDEMPTION OF SERIES C PREFERRED SHARES AND SHARE ISSUANCE UPDATE
CSR
prnewswire.com03 September 2024

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, payable on October 10, 2024, to common shareholders and unitholders of record at the close of business on September 30, 2024.

Supporting Digital Skills Development: Beeline Kazakhstan Adds New Secondary School to Award-Winning CSR Programme
Supporting Digital Skills Development: Beeline Kazakhstan Adds New Secondary School to Award-Winning CSR Programme
Supporting Digital Skills Development: Beeline Kazakhstan Adds New Secondary School to Award-Winning CSR Programme
CSR
globenewswire.com02 September 2024

Amsterdam and Almaty, 2 September 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator that provides connectivity and online services (“VEON” or the “Company”), announces that its digital operator Beeline Kazakhstan, through its Corporate Foundation Zhyly Zhurek, is supporting digital skills development in Kazakhstan with the inauguration of a newly-constructed secondary school with high-end technology facilities.

Centerspace: Increased 2024 Outlook As Occupancy Recovers
Centerspace: Increased 2024 Outlook As Occupancy Recovers
Centerspace: Increased 2024 Outlook As Occupancy Recovers
CSR
seekingalpha.com30 August 2024

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% total return. While the stock price rally has reduced the company's sensitivity to Fed rate cuts, it remains attractively valued relative to peers such as Independence Realty Trust.

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FAQ

  • What is the primary business of Centerspace?
  • What is the ticker symbol for Centerspace?
  • Does Centerspace pay dividends?
  • What sector is Centerspace in?
  • What industry is Centerspace in?
  • What country is Centerspace based in?
  • When did Centerspace go public?
  • Is Centerspace in the S&P 500?
  • Is Centerspace in the NASDAQ 100?
  • Is Centerspace in the Dow Jones?
  • When was Centerspace's last earnings report?
  • When does Centerspace report earnings?
  • Should I buy Centerspace stock now?

What is the primary business of Centerspace?

Centerspace is a real estate company that focuses on developing and managing residential properties. They aim to create vibrant communities by providing quality living spaces and excellent customer service. Centerspace is committed to sustainability and enhancing the quality of life for their residents.

What is the ticker symbol for Centerspace?

The ticker symbol for Centerspace is NYSE:CSR

Does Centerspace pay dividends?

Yes, Centerspace pays dividends. The last payment was $0.75, with an ex-dividend date on 30 December 2024

What sector is Centerspace in?

Centerspace is in the Real Estate sector

What industry is Centerspace in?

Centerspace is in the Residential industry

What country is Centerspace based in?

Centerspace is headquartered in United States

When did Centerspace go public?

Centerspace's initial public offering (IPO) was on 17 October 1997

Is Centerspace in the S&P 500?

No, Centerspace is not included in the S&P 500 index

Is Centerspace in the NASDAQ 100?

No, Centerspace is not included in the NASDAQ 100 index

Is Centerspace in the Dow Jones?

No, Centerspace is not included in the Dow Jones index

When was Centerspace's last earnings report?

Centerspace's most recent earnings report was on 28 October 2024

When does Centerspace report earnings?

The next expected earnings date for Centerspace is 20 February 2025

Should I buy Centerspace stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions