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Centerspace (CSR) Company Overview

Profile

Full Name:

Centerspace

Industry:

Residential

Country:

United States

IPO:

October 17, 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.

Key Details

Price

$61.60

Annual Revenue

$261.31 M(+1.79% YoY)

Annual EPS

$2.32(+271.85% YoY)

Beta

0.12

Events Calendar

Earnings

Next earnings date:

Feb 18, 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

Jan 15, 25 Janney Montgomery Scott
Buy
Dec 17, 24 Wedbush
Neutral
Oct 30, 24 RBC Capital
Outperform
Oct 21, 24 Raymond James
Market Perform
Aug 29, 24 Raymond James
Outperform
Aug 12, 24 BTIG
Buy
Jul 31, 24 RBC Capital
Outperform
Jul 31, 24 Piper Sandler
Neutral
May 6, 24 Piper Sandler
Neutral
May 3, 24 Compass Point
Neutral

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CENTERSPACE ANNOUNCES FOURTH QUARTER 2024 EARNINGS RELEASE DATE
CENTERSPACE ANNOUNCES FOURTH QUARTER 2024 EARNINGS RELEASE DATE
CENTERSPACE ANNOUNCES FOURTH QUARTER 2024 EARNINGS RELEASE DATE
CSR
prnewswire.comJanuary 27, 2025

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. Management will host a conference call to discuss those results on the following day, Wednesday, February 19, 2025, at 10:00 a.m.

CENTERSPACE ANNOUNCES 2024 DIVIDEND ALLOCATIONS
CENTERSPACE ANNOUNCES 2024 DIVIDEND ALLOCATIONS
CENTERSPACE ANNOUNCES 2024 DIVIDEND ALLOCATIONS
CSR
prnewswire.comJanuary 23, 2025

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 beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their Centerspace distributions.

Centerspace: Midwestern Apartments At A Discount
Centerspace: Midwestern Apartments At A Discount
Centerspace: Midwestern Apartments At A Discount
CSR
seekingalpha.comJanuary 21, 2025

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 units, allows for accretive purchases in growth markets, enhancing long-term performance. The Midwest's stable rental market and CSR's significant presence in Minneapolis and Denver contribute to its outperformance in same-store NOI growth.

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.comDecember 12, 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.comDecember 2, 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.comOctober 29, 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.comOctober 28, 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.comOctober 14, 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.comOctober 2, 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.comSeptember 6, 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.

FAQ

  • 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 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 December 30, 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 October 17, 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 Oct 28, 2024

When does Centerspace report earnings?

The next expected earnings date for Centerspace is Feb 18, 2025

Should I buy Centerspace stock now?

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