Centerspace（CSR）株式概要センタースペースは、誠実さと奉仕の精神を重視し、素晴らしい住まいを提供することをモットーとするアパートメント・コミュニティーのオーナー兼運営会社です。 詳細CSR ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績2/6財務の健全性1/6配当金4/6報酬当社が推定した公正価値より35.3%で取引されている 今年は黒字化を達成 リスク分析今後3年間の収益は年平均110.7%減少すると予測されている。 利払いは収益で十分にカバーされない 不安定な配当実績 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見るCSR Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN20.0% undervaluedAnalystConsensusTarget•1y agoMidwest And Salt Lake City Markets Will Realize Rental Potential3801Top Analyst NarrativesCenterspaceANAnalystConsensusTargetBased on Analyst Price TargetsMidwest And Salt Lake City Markets Will Realize Rental PotentialKey Takeaways Persistent rental demand and demographic trends in key markets drive high occupancy, rent growth, and tenant retention for stable long-term revenue. Strategic recycling into higher-growth properties and disciplined balance sheet management enhance portfolio quality, margins, and position for further growth.View narrativeUS$67.59FV20.0% 割安 内在価値ディスカウントSet Fair ValueView38users have viewed this narrative0users have liked this narrative0users have commented on this narrative1users have followed this narrativeover 1 year ago author updated this narrativeView all narrativesCenterspace 競合他社Independence Realty TrustSymbol: NYSE:IRTMarket cap: US$4.0bCamden Property TrustSymbol: NYSE:CPTMarket cap: US$11.2bUDRSymbol: NYSE:UDRMarket cap: US$12.7bMid-America Apartment CommunitiesSymbol: NYSE:MAAMarket cap: US$15.5b価格と性能株価の高値、安値、推移の概要Centerspace過去の株価現在の株価US$54.0752週高値US$69.6152週安値US$53.33ベータ0.891ヶ月の変化-3.22%3ヶ月変化-19.78%1年変化-4.30%3年間の変化-11.58%5年間の変化-43.96%IPOからの変化-25.42%最新ニュースMajor Estimate Revision • Aug 10Consensus EPS estimates increase from loss to US$0.62 profit, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$262.6m to US$257.0m. EPS estimate of -US$1.04 up from expected loss of US$0.62 per share previously. Residential REITs industry in the US expected to see average net income decline 25% next year. Consensus price target down from US$65.21 to US$62.93. Share price rose 2.2% to US$56.68 over the past week.ライブニュース • Aug 09Centerspace Reveals Plan to Sell 12 Properties in Bid to Refocus PortfolioCenterspace plans to sell 12 apartment properties following a strategic review announced in June. CEO Anne Olson said the objective is to create a portfolio with stronger growth potential, lower debt and greater financial flexibility, while exiting certain tertiary markets to focus on higher quality locations. Management described the planned disposals as part of a broader portfolio optimization effort intended to reshape the company’s geographic footprint and adjust its balance between growth prospects and leverage. Centerspace shares trade at $56.68, with the stock down 16.5% over the past 90 days, reflecting recent pressure as the company lays out its updated portfolio plan. This type of asset sale program can change Centerspace’s risk profile, since execution, pricing on the 12 property sales and the speed of debt reduction or reinvestment will all influence future income stability and financial flexibility.Seeking Alpha • Aug 06Centerspace: The Market Is Overreacting To Its Portfolio ResetSummary Centerspace offers a contrarian opportunity as asset dispositions and deleveraging overshadow improving portfolio quality and future growth potential. CSR trades at 11.3x forward P/FFO, well below its historical average, reflecting market concerns over near-term dilution and uncovered dividends. Management is repositioning CSR by selling lower-quality assets, reducing debt, and repurchasing undervalued shares to concentrate on stronger metropolitan markets. I rate CSR a “Speculative Buy” for patient investors, expecting FFO/share growth and low-teens total returns post-portfolio reset despite current risks. Read the full article on Seeking Alphaお知らせ • Aug 04Centerspace Updates Earnings Guidance for the Year 2026Centerspace updated earnings guidance for the year 2026. For the year, the company now expects net income per share - diluted of $6.42 to $6.82. Revenue of 0.00% to $1.00%. The updated outlook includes the impact of expected dispositions and the deleveraging plan.Reported Earnings • Aug 04Second quarter 2026 earnings: EPS exceeds analyst expectationsSecond quarter 2026 results: FFO per share: US$1.4 (down from US$1.50 in 2Q 2025). Revenue: US$65.8m (down 4.0% from 2Q 2025). Funds from operations (FFO): US$23.5m (down 4.0% from 2Q 2025). FFO margin: 36% (in line with 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Residential REITs industry in the US are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Jul 02Centerspace to Report Q2, 2026 Results on Aug 03, 2026Centerspace announced that they will report Q2, 2026 results After-Market on Aug 03, 2026最新情報をもっと見るRecent updatesMajor Estimate Revision • Aug 10Consensus EPS estimates increase from loss to US$0.62 profit, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$262.6m to US$257.0m. EPS estimate of -US$1.04 up from expected loss of US$0.62 per share previously. Residential REITs industry in the US expected to see average net income decline 25% next year. Consensus price target down from US$65.21 to US$62.93. Share price rose 2.2% to US$56.68 over the past week.ライブニュース • Aug 09Centerspace Reveals Plan to Sell 12 Properties in Bid to Refocus PortfolioCenterspace plans to sell 12 apartment properties following a strategic review announced in June. CEO Anne Olson said the objective is to create a portfolio with stronger growth potential, lower debt and greater financial flexibility, while exiting certain tertiary markets to focus on higher quality locations. Management described the planned disposals as part of a broader portfolio optimization effort intended to reshape the company’s geographic footprint and adjust its balance between growth prospects and leverage. Centerspace shares trade at $56.68, with the stock down 16.5% over the past 90 days, reflecting recent pressure as the company lays out its updated portfolio plan. This type of asset sale program can change Centerspace’s risk profile, since execution, pricing on the 12 property sales and the speed of debt reduction or reinvestment will all influence future income stability and financial flexibility.Seeking Alpha • Aug 06Centerspace: The Market Is Overreacting To Its Portfolio ResetSummary Centerspace offers a contrarian opportunity as asset dispositions and deleveraging overshadow improving portfolio quality and future growth potential. CSR trades at 11.3x forward P/FFO, well below its historical average, reflecting market concerns over near-term dilution and uncovered dividends. Management is repositioning CSR by selling lower-quality assets, reducing debt, and repurchasing undervalued shares to concentrate on stronger metropolitan markets. I rate CSR a “Speculative Buy” for patient investors, expecting FFO/share growth and low-teens total returns post-portfolio reset despite current risks. Read the full article on Seeking Alphaお知らせ • Aug 04Centerspace Updates Earnings Guidance for the Year 2026Centerspace updated earnings guidance for the year 2026. For the year, the company now expects net income per share - diluted of $6.42 to $6.82. Revenue of 0.00% to $1.00%. The updated outlook includes the impact of expected dispositions and the deleveraging plan.Reported Earnings • Aug 04Second quarter 2026 earnings: EPS exceeds analyst expectationsSecond quarter 2026 results: FFO per share: US$1.4 (down from US$1.50 in 2Q 2025). Revenue: US$65.8m (down 4.0% from 2Q 2025). Funds from operations (FFO): US$23.5m (down 4.0% from 2Q 2025). FFO margin: 36% (in line with 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Residential REITs industry in the US are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Jul 02Centerspace to Report Q2, 2026 Results on Aug 03, 2026Centerspace announced that they will report Q2, 2026 results After-Market on Aug 03, 2026Upcoming Dividend • Jun 22Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 14 July 2026. Trailing yield: 5.5%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (4.6%).Declared Dividend • Jun 04First quarter dividend of US$0.77 announcedDividend of US$0.77 is the same as last year. Ex-date: 29th June 2026 Payment date: 14th July 2026 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%.お知らせ • Jun 03Centerspace announces Quarterly dividend, payable on July 14, 2026Centerspace announced Quarterly dividend of USD 0.7700 per share payable on July 14, 2026, ex-date on June 29, 2026 and record date on June 29, 2026.ライブニュース • Jun 03Centerspace Plans $245 Million Asset Sale and Exits Two Markets With Distribution Set for July 2026Centerspace approved a plan to dispose of about $245 million in assets in 2026 as part of a portfolio optimization and deleveraging effort. The plan includes a full exit from the Bismarck and Rapid City markets, signaling a shift in the company’s geographic footprint. The Board also declared a regular quarterly distribution of $0.77 per share/unit, payable in July 2026. This combination of planned asset sales and debt reduction is intended to improve portfolio quality and give the company more financial flexibility over time. Investors may want to watch how execution of the disposals affects leverage metrics, cash flow and any future decisions on distributions.Major Estimate Revision • May 29Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$1.09 to -US$1.24 per share. Revenue forecast unchanged at US$268.1m. Residential REITs industry in the US expected to see average net income decline 31% next year. Consensus price target broadly unchanged at US$70.61. Share price was steady at US$67.48 over the past week.Reported Earnings • May 06First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: FFO per share: US$1.3 (down from US$1.45 in 1Q 2025). Revenue: US$65.1m (down 3.0% from 1Q 2025). Funds from operations (FFO): US$21.1m (down 8.9% from 1Q 2025). FFO margin: 32% (down from 35% in 1Q 2025). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • May 06Centerspace Updates Earnings Guidance for the Year 2026Centerspace updated earnings guidance for the year 2026. For the year, the company expects net loss per share - diluted to be in the range of $0.95 to $0.66 against previous guidance of $0.49 to $0.19. Same-Store Revenue of 0.00% to 1.75% compared to previous guidance of 0.00% to 1.75%.お知らせ • Apr 10Centerspace to Report Q1, 2026 Results on May 04, 2026Centerspace announced that they will report Q1, 2026 results After-Market on May 04, 2026Recent Insider Transactions Derivative • Apr 07President exercised options and sold US$165k worth of stockOn the 31st of March, Anne Olson exercised options to acquire 3k shares at no cost and sold these for an average price of US$57.45 per share. This trade did not impact their existing holding. For the year to December 2019, Anne's total compensation was 19% salary and 81% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2025, Anne's direct individual holding has increased from 19.50k shares to 30.23k. Company insiders have collectively sold US$148k more than they bought, via options and on-market transactions in the last 12 months.Upcoming Dividend • Mar 23Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 14 April 2026. Trailing yield: 5.4%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.8%).お知らせ • Mar 12+ 1 more updateCenterspace, Annual General Meeting, May 13, 2026Centerspace, Annual General Meeting, May 13, 2026.Declared Dividend • Feb 20Fourth quarter dividend of US$0.77 announcedDividend of US$0.77 is the same as last year. Ex-date: 30th March 2026 Payment date: 14th April 2026 Dividend yield will be 5.0%, which is higher than the industry average of 3.8%.お知らせ • Feb 19Centerspace announces Quarterly dividend, payable on April 14, 2026Centerspace announced Quarterly dividend of USD 0.7700 per share payable on April 14, 2026, ex-date on March 30, 2026 and record date on March 30, 2026.Reported Earnings • Feb 18Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$1.05 (up from US$1.27 loss in FY 2024). Revenue: US$273.7m (up 4.9% from FY 2024). Net income: US$17.6m (up US$37.2m from FY 2024). Profit margin: 6.4% (up from net loss in FY 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Feb 18Centerspace Provides Earnings Guidance for the Fiscal Year 2026Centerspace provided earnings guidance for the fiscal year 2026. For the year, the company expected diluted net loss per share to be $0.49 to $0.19.お知らせ • Jan 28Centerspace to Report Q4, 2025 Results on Feb 17, 2026Centerspace announced that they will report Q4, 2025 results After-Market on Feb 17, 2026Upcoming Dividend • Dec 23Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 30 December 2025. Payment date: 12 January 2026. Trailing yield: 4.6%. Within top quartile of American dividend payers (4.4%). In line with average of industry peers (4.3%).Declared Dividend • Dec 04Third quarter dividend of US$0.77 announcedShareholders will receive a dividend of US$0.77. Ex-date: 30th December 2025 Payment date: 12th January 2026 Dividend yield will be 4.8%, which is higher than the industry average of 3.8%.お知らせ • Dec 02Centerspace Announces Quarterly Dividend, Payable on January 12, 2026Centerspace announced that its Board of Trustees has declared a regular quarterly distribution of $0.77 per share/unit, payable on January 12, 2026, to common shareholders and unitholders of record at the close of business on December 30, 2025.Major Estimate Revision • Nov 10Consensus EPS estimates increase from loss to US$0.0067 profitThe consensus outlook for fiscal year 2025 has been updated. 2025 forecast for profit of -US$1.20 instead of a loss of US$0.0067 per share previously. Revenue forecast unchanged at US$275.4m. Residential REITs industry in the US expected to see average net income decline 16% next year. Consensus price target of US$66.88 unchanged from last update. Share price was steady at US$59.82 over the past week.New Risk • Nov 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings are forecast to decline by an average of 37% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$3.22 (up from US$0.40 loss in 3Q 2024). Revenue: US$71.4m (up 9.8% from 3Q 2024). Net income: US$53.9m (up US$60.1m from 3Q 2024). Profit margin: 76% (up from net loss in 3Q 2024). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Nov 04Centerspace Updates Earnings Guidance for the Year 2025Centerspace updated earnings guidance for the year 2025. For the year, the company expects the Net income per Share – diluted of $1.97 to $2.19 as compared to previous guidance of $2.50 to $2.76. Same-Store Revenue of 2.00% to 2.50% compared to previous guidance of 2.00% to 3.00%.お知らせ • Oct 08Centerspace to Report Q3, 2025 Results on Nov 03, 2025Centerspace announced that they will report Q3, 2025 results After-Market on Nov 03, 2025Upcoming Dividend • Sep 22Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 October 2025. Trailing yield: 5.3%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (3.9%).Declared Dividend • Sep 05Second quarter dividend of US$0.77 announcedShareholders will receive a dividend of US$0.77. Ex-date: 29th September 2025 Payment date: 10th October 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%.お知らせ • Sep 03Centerspace Announces Quarterly Dividend, Payable on October 10, 2025Centerspace's Board of Trustees has declared a regular quarterly distribution of $0.77 per share/unit, payable on October 10, 2025, to common shareholders and unitholders of record at the close of business on September 29, 2025.Reported Earnings • Aug 05Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: US$0.87 loss per share (further deteriorated from US$0.19 loss in 2Q 2024). Revenue: US$68.5m (up 5.4% from 2Q 2024). Net loss: US$14.5m (loss widened 400% from 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 14% per year.お知らせ • Aug 05+ 1 more updateCenterspace Updates Earnings Guidance for the Year 2025Centerspace updated earnings guidance for the year 2025. For the year 2025, the company now expects net profit per diluted share to be $2.50 to $2.76 against net loss per diluted share of $0.71 to $0.45 in previous outlook. Same-store revenue is expected to be 2.00% to 3.00% against previous guidance of 1.50% to 3.50%.お知らせ • Jul 09Centerspace to Report Q2, 2025 Results on Aug 04, 2025Centerspace announced that they will report Q2, 2025 results After-Market on Aug 04, 2025Upcoming Dividend • Jun 20Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 10 July 2025. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.7%).Declared Dividend • Jun 05First quarter dividend of US$0.77 announcedShareholders will receive a dividend of US$0.77. Ex-date: 27th June 2025 Payment date: 10th July 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.8%.お知らせ • Jun 03+ 1 more updateCenterspace (NYSE:CSR) acquired Sugarmont, a 341-home community in Salt Lake City, Utah for approximately $150 million.Centerspace (NYSE:CSR) acquired Sugarmont, a 341-home community in Salt Lake City, Utah for approximately $150 million on May 30, 2025. A consideration of $149 million will be paid by Centerspace towards assets of Sugarmont, a 341-home community in Salt Lake City, Utah. Centerspace (NYSE:CSR) completed the acquisition of Sugarmont, a 341-home community in Salt Lake City, Utah on May 30, 2025.新しいナラティブ • May 04Midwest And Mountain West Demand Will Secure Future Success Strong demand in key regions and a decrease in new apartment supply bolster revenue growth through improved leasing and occupancy rates. Reported Earnings • May 02First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: US$0.21 loss per share (improved from US$0.37 loss in 1Q 2024). Revenue: US$67.1m (up 4.0% from 1Q 2024). Net loss: US$3.57m (loss narrowed 35% from 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.お知らせ • Apr 02Centerspace to Report Q1, 2025 Results on May 01, 2025Centerspace announced that they will report Q1, 2025 results After-Market on May 01, 2025Upcoming Dividend • Mar 21Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 08 April 2025. Trailing yield: 4.8%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.5%).お知らせ • Mar 17Centerspace, Annual General Meeting, May 14, 2025Centerspace, Annual General Meeting, May 14, 2025.お知らせ • Mar 14Centerspace Announces Retirement of Jeff Caira as Trustee, Chair of the Nominating and Governance Committee and Member of the Audit Committee, Effective on May 14, 2025Centerspace announced that Jeff Caira, a member of the Company's Board of Trustees, will retire as a trustee, chair of the Nominating and Governance Committee and member of the Audit Committee effective upon the expiration of his annual term at the conclusion of the 2025 Annual Meeting of Shareholders to be held on May 14, 2025.Declared Dividend • Feb 21Fourth quarter dividend increased to US$0.77Dividend of US$0.77 is 2.7% higher than last year. Ex-date: 28th March 2025 Payment date: 8th April 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.8%.Reported Earnings • Feb 19Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: US$0.81 loss per share (down from US$2.33 profit in FY 2023). Revenue: US$261.0m (flat on FY 2023). Net loss: US$12.6m (down 136% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Feb 19+ 1 more updateCenterspace Provides Earnings Guidance for the Year 2025Centerspace provided earnings guidance for the year 2025. For the year 2025, the company expected net loss per diluted share to be $0.71 to $0.45.お知らせ • Jan 28Centerspace to Report Q4, 2024 Results on Feb 18, 2025Centerspace announced that they will report Q4, 2024 results After-Market on Feb 18, 2025Seeking Alpha • Jan 21Centerspace: Midwestern Apartments At A DiscountSummary 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. CSR's valuation is attractive, trading at 79.7% of NAV and 14.9X AFFO, with potential for capital appreciation as it closes the multiple gap with peers. Read the full article on Seeking AlphaUpcoming Dividend • Dec 23Upcoming dividend of US$0.75 per shareEligible shareholders must have bought the stock before 30 December 2024. Payment date: 13 January 2025. Trailing yield: 4.5%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (3.4%).Declared Dividend • Dec 05Third quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 30th December 2024 Payment date: 13th January 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.8%.お知らせ • Dec 03Centerspace Declares A Regular Quarterly Distribution, Payable on January 13, 2025Centerspace's Board of Trustees announced 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.Reported Earnings • Oct 29Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: US$0.40 loss per share (down from US$0.41 profit in 3Q 2023). Revenue: US$65.0m (flat on 3Q 2023). Net loss: US$6.17m (down 200% from profit in 3Q 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 94%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Oct 29Centerspace Revises Earnings Guidance for the Year 2024Centerspace revised earnings guidance for the year 2024. For the year 2024, the company expected net income per share - diluted to be $1.21 to $1.06 as compared to previous guidance of $1.21 to $1.01. Same-store revenue is expected to be 3.00% to 3.50% against previous guidance of 3.25% to 4.25%.お知らせ • Oct 08Centerspace to Report Q3, 2024 Results on Oct 28, 2024Centerspace announced that they will report Q3, 2024 results After-Market on Oct 28, 2024Upcoming Dividend • Sep 23Upcoming dividend of US$0.75 per shareEligible shareholders must have bought the stock before 30 September 2024. Payment date: 10 October 2024. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (3.2%).Declared Dividend • Sep 06Second quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 30th September 2024 Payment date: 10th October 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.8%.Seeking Alpha • Sep 06Centerspace: One Of The Cheapest Multifamily REITsSummary 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. Despite some risks, Centerspace's share price creates an opportunity for value investors. Read the full article on Seeking Alphaお知らせ • Sep 04Centerspace Declares Regular Quarterly Distribution, Payable on October 10, 2024Centerspace's Board of Trustees announced 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.Major Estimate Revision • Aug 05Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.85 to -US$1.04 per share. Revenue forecast unchanged at US$262.4m. Residential REITs industry in the US expected to see average net income decline 6.9% next year. Consensus price target up from US$69.22 to US$71.56. Share price was steady at US$70.44 over the past week.Board Change • Aug 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Board of Trustee Jay Rosenberg was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jul 30Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: US$0.19 loss per share (improved from US$0.23 loss in 2Q 2023). Revenue: US$65.0m (flat on 2Q 2023). Net loss: US$2.90m (loss narrowed 16% from 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Jul 15Now 21% undervaluedOver the last 90 days, the stock has risen 11% to US$68.83. The fair value is estimated to be US$86.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.0% in a year. Earnings are forecast to decline by 39% in the next year.お知らせ • Jul 09Centerspace Appoints Jay Rosenberg to Its Board of Trustees and Nominating and Corporate Governance CommitteeCenterspace announced the appointment of Jay Rosenberg to its Board of Trustees on July 8, 2024. Mr. Rosenberg will also serve on Centerspace's Nominating and Corporate Governance Committee. Mr. Rosenberg recently retired as Head of Public Real Assets for Nuveen, where he oversaw strategy, investment process and performance of the firm's listed real assets platform while also serving as a member of Nuveen's global investment committee. Additionally, he served as a portfolio manager on Nuveen's public global infrastructure, real asset income, real estate securities and global real estate securities strategies, most of which were created under his leadership. Jay's investment management career at Nuveen spanned over 19 years and he has been involved in investment management and real estate related occupations for almost three decades. Jay earned a bachelor's degree from the University of Wisconsin – Madison and a master's degree in Urban Planning and Public Policy from the University of Illinois at Chicago.Upcoming Dividend • Jun 21Upcoming dividend of US$0.75 per shareEligible shareholders must have bought the stock before 28 June 2024. Payment date: 10 July 2024. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.6%).Declared Dividend • Jun 06First quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 28th June 2024 Payment date: 10th July 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.8%.お知らせ • Jun 05Centerspace Announces Regular Quarterly Dividend, Payable on July 10, 2024Centerspace's Board of Trustees announced that it has declared a regular quarterly distribution of $0.75 per share/unit, payable on July 10, 2024, to common shareholders and unitholders of record at the close of business on June 28, 2024.New Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Currently unprofitable and not forecast to become profitable over next 2 years (US$18m net loss in 2 years).Major Estimate Revision • May 06Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.877 to -US$1.02 per share. Revenue forecast unchanged at US$264.8m. Residential REITs industry in the US expected to see average net income decline 25% next year. Consensus price target up from US$63.13 to US$65.38. Share price rose 6.2% to US$68.71 over the past week.New Risk • May 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Currently unprofitable and not forecast to become profitable over next 2 years (US$18m net loss in 2 years).Reported Earnings • Apr 30First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: US$0.37 loss per share (down from US$2.79 profit in 1Q 2023). Revenue: US$64.5m (down 5.0% from 1Q 2023). Net loss: US$5.51m (down 113% from profit in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Major Estimate Revision • Apr 17Consensus EPS estimates upgraded to US$0.88 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$1.06 to -US$0.877 per share. Revenue forecast steady at US$263.5m. Residential REITs industry in the US expected to see average net income decline 31% next year. Consensus price target broadly unchanged at US$63.13. Share price rose 3.0% to US$61.92 over the past week.お知らせ • Apr 10Centerspace, Annual General Meeting, May 20, 2024Centerspace, Annual General Meeting, May 20, 2024, at 12:00 Central Daylight. Agenda: To elect seven nominees named in the Proxy Statement as trustees of the Company, each to serve for a term of one year expiring at the 2025 Annual Meeting of Shareholders or until his or her successor is duly elected and qualified; to hold an advisory vote on executive compensation; to ratify Grant Thornton LLP as independent auditor for the year ending December 31, 2024; and to transact such other business as may properly come before the 2024 Annual Meeting or any adjournment(s) or postponement(s) thereof.お知らせ • Apr 09Centerspace to Report Q1, 2024 Results on Apr 29, 2024Centerspace announced that they will report Q1, 2024 results After-Market on Apr 29, 2024Upcoming Dividend • Mar 20Upcoming dividend of US$0.75 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 08 April 2024. Trailing yield: 5.3%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.8%).Major Estimate Revision • Mar 10Consensus EPS estimates fall by 33%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.825 to -US$1.10 per share. Revenue forecast of US$264.7m unchanged since last update. Residential REITs industry in the US expected to see average net income decline 32% next year. Consensus price target of US$62.38 unchanged from last update. Share price was steady at US$56.77 over the past week.Major Estimate Revision • Feb 27Consensus EPS estimates fall by 588%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.12 to -US$0.825 per share. Revenue forecast unchanged at US$264.7m. Residential REITs industry in the US expected to see average net income decline 37% next year. Consensus price target broadly unchanged at US$62.38. Share price was steady at US$55.39 over the past week.Declared Dividend • Feb 23Fourth quarter dividend increased to US$0.75Dividend of US$0.75 is 2.7% higher than last year. Ex-date: 27th March 2024 Payment date: 8th April 2024 Dividend yield will be 5.2%, which is higher than the industry average of 3.8%.Reported Earnings • Feb 22Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$2.33 (up from US$1.35 loss in FY 2022). Revenue: US$261.3m (up 1.8% from FY 2022). Net income: US$34.9m (up US$55.4m from FY 2022). Profit margin: 13% (up from net loss in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Feb 22Centerspace Provides Earnings Guidance for the Year 2024Centerspace provided earnings guidance for the year 2024. For the year 2024, the company expected net loss per share to be $1.31 to $0.99.お知らせ • Feb 21Centerspace Announces a Quarterly Distribution, Payable on April 8, 2024Centerspace's Board of Trustees announced a quarterly distribution of $0.75 per share/unit, payable on April 8, 2024, to common shareholders and unitholders of record at the close of business on March 28, 2024. The announced distribution represents a $0.02 increase over the prior distribution.Seeking Alpha • Jan 27Centerspace: A Value Buy In The Multifamily SpaceSummary Centerspace has underperformed the S&P 500 and Vanguard Real Estate ETF over the past year but deserves more credit. CSR has made progress in portfolio transformation and optimizing its properties for better operating efficiencies. The company has shown steady growth in rent and same-store NOI and offers an appealing and well-covered dividend, leaving plenty of room for further deleveraging. Read the full article on Seeking Alphaお知らせ • Jan 26Centerspace Appoints Ola Oyinsan Hixon to Board of TrusteesCenterspace announced the appointment of Ola Oyinsan Hixon to its Board of Trustees on January 23, 2024. Ms. Hixon is an executive director at PGIM Real Estate and portfolio manager on the U.S. Value-Add equity team where she is responsible for investment strategy, transactions, asset management, and investor relations primarily for the affordable housing and impact fund strategies. Prior to joining PGIM Real Estate, she was a principal at KKR & Co., with responsibility for portfolio and asset management functions of real estate private equity funds with properties located across the country. Previously, Ola worked at The Blackstone Group where she managed the multifamily portfolio company, LivCor, as well as the single-family home portfolio company, Invitation Homes. Earlier, Ola worked at The JBG Companies, UBS, and the investment banking division of Citigroup. Ola earned a bachelor's degree in business administration from The Stephen M. Ross School of Business at the University of Michigan and a master's degree in business administration from The Wharton School of the University of Pennsylvania. Ola serves on ULI's Multifamily Gold Council and is a member of Real Estate Executive Council (REEC). In addition, Hixon serves as a board member of the non-profit City Parks Foundation, which transforms parks into vibrant community centers of urban life for all New Yorkers.お知らせ • Jan 19Centerspace to Report Fiscal Year 2023 Results on Feb 20, 2024Centerspace announced that they will report fiscal year 2023 results After-Market on Feb 20, 2024Upcoming Dividend • Dec 21Upcoming dividend of US$0.73 per share at 5.1% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.7%).お知らせ • Dec 04Centerspace Announces Declares Regular Quarterly Distribution, Payable on January 12, 2024Centerspace's Board of Trustees announced that it has declared a regular quarterly distribution of $0.73 per share/unit, payable on January 12, 2024, to common shareholders and unitholders of record at the close of business on December 29, 2023.Major Estimate Revision • Nov 30Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$2.99 to US$2.67 per share. Revenue forecast steady at US$261.3m. Net income forecast to shrink 102% next year vs 15% decline forecast for Residential REITs industry in the US. Consensus price target of US$60.13 unchanged from last update. Share price was steady at US$53.34 over the past week.Major Estimate Revision • Nov 09Consensus EPS estimates increase by 32%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$2.26 to US$2.99. Revenue forecast steady at US$261.4m. Net income forecast to shrink 88% next year vs 14% decline forecast for Residential REITs industry in the US. Consensus price target down from US$65.25 to US$62.75. Share price rose 9.2% to US$52.49 over the past week.Price Target Changed • Nov 07Price target decreased by 7.0% to US$62.75Down from US$67.50, the current price target is an average from 8 analysts. New target price is 21% above last closing price of US$51.82. Stock is down 15% over the past year. The company is forecast to post earnings per share of US$2.99 next year compared to a net loss per share of US$1.35 last year.Seeking Alpha • Nov 06Centerspace: Viewed Neutrally Despite Positive Developments And Forward GuidanceSummary 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. The company is also experiencing rising insurance costs, which are expected to continue into 2024. While shares are more discounted at current trading levels, I continue to view the stock neutrally. Read the full article on Seeking Alphaお知らせ • Nov 01An unknown buyer acquired Four non-core apartment communities and associated commercial space in Minot from Centerspace (NYSE:CSR) for $82.5 million.An unknown buyer acquired Four non-core apartment communities and associated commercial space in Minot from Centerspace (NYSE:CSR) for $82.5 million on September 14, 2023.An unknown buyer completed the acquisition of Four non-core apartment communities and associated commercial space in Minot from Centerspace (NYSE:CSR) on September 14, 2023.株主還元CSRUS Residential REITsUS 市場7D-1.8%-0.2%-0.3%1Y-4.3%-3.5%19.9%株主還元を見る業界別リターン: CSR過去 1 年間で-3.5 % のリターンをもたらしたUS Residential REITs業界と一致しました。リターン対市場: CSRは、過去 1 年間で19.9 % のリターンを上げたUS市場を下回りました。価格変動Is CSR's price volatile compared to industry and market?CSR volatilityCSR Average Weekly Movement4.3%Residential REITs Industry Average Movement3.2%Market Average Movement7.1%10% most volatile stocks in US Market16.3%10% least volatile stocks in US Market3.1%安定した株価: CSR 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: CSRの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1970342Anne Olsonwww.centerspacehomes.comセンタースペースは、誠実さと奉仕の精神を重視し、素晴らしい住まいを提供することに尽力しているアパートメント・コミュニティの所有・運営会社です。 1970年に設立されたセンタースペースは、2026年6月30日現在、コロラド州、ミネソタ州、モンタナ州、ネブラスカ州、ノースダコタ州、サウスダコタ州、ユタ州に所在する60のマンションコミュニティ（計12,090戸）を所有しています。 センタースペースは、2026年に『USAトゥデイ』誌から「トップワークプレイス」に選出され、また2026年には『ミネソタ・スター・トリビューン』紙から7年連続で同賞を受賞しました。センタースペースは1970年に設立され、ノースダコタ州に法人登記されています。もっと見るCenterspace 基礎のまとめCenterspace の収益と売上を時価総額と比較するとどうか。CSR 基礎統計学時価総額US$942.67m収益（TTM）US$21.36m売上高(TTM)US$268.87m42.5xPER（株価収益率3.4xP/SレシオCSR は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計CSR 損益計算書（TTM）収益US$268.87m売上原価US$109.42m売上総利益US$159.45mその他の費用US$138.09m収益US$21.36m直近の収益報告Jun 30, 2026次回決算日該当なし一株当たり利益（EPS）1.27グロス・マージン59.31%純利益率7.94%有利子負債／自己資本比率124.0%CSR の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.7%現在の配当利回り57%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/19 02:50終値2026/08/19 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Centerspace 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。15 アナリスト機関Amanda SweitzerBairdRobert StevensonBrean Capital Historical (Janney Montgomery)Gaurav MehtaB. Riley Securities, Inc.12 その他のアナリストを表示
Major Estimate Revision • Aug 10Consensus EPS estimates increase from loss to US$0.62 profit, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$262.6m to US$257.0m. EPS estimate of -US$1.04 up from expected loss of US$0.62 per share previously. Residential REITs industry in the US expected to see average net income decline 25% next year. Consensus price target down from US$65.21 to US$62.93. Share price rose 2.2% to US$56.68 over the past week.
ライブニュース • Aug 09Centerspace Reveals Plan to Sell 12 Properties in Bid to Refocus PortfolioCenterspace plans to sell 12 apartment properties following a strategic review announced in June. CEO Anne Olson said the objective is to create a portfolio with stronger growth potential, lower debt and greater financial flexibility, while exiting certain tertiary markets to focus on higher quality locations. Management described the planned disposals as part of a broader portfolio optimization effort intended to reshape the company’s geographic footprint and adjust its balance between growth prospects and leverage. Centerspace shares trade at $56.68, with the stock down 16.5% over the past 90 days, reflecting recent pressure as the company lays out its updated portfolio plan. This type of asset sale program can change Centerspace’s risk profile, since execution, pricing on the 12 property sales and the speed of debt reduction or reinvestment will all influence future income stability and financial flexibility.
Seeking Alpha • Aug 06Centerspace: The Market Is Overreacting To Its Portfolio ResetSummary Centerspace offers a contrarian opportunity as asset dispositions and deleveraging overshadow improving portfolio quality and future growth potential. CSR trades at 11.3x forward P/FFO, well below its historical average, reflecting market concerns over near-term dilution and uncovered dividends. Management is repositioning CSR by selling lower-quality assets, reducing debt, and repurchasing undervalued shares to concentrate on stronger metropolitan markets. I rate CSR a “Speculative Buy” for patient investors, expecting FFO/share growth and low-teens total returns post-portfolio reset despite current risks. Read the full article on Seeking Alpha
お知らせ • Aug 04Centerspace Updates Earnings Guidance for the Year 2026Centerspace updated earnings guidance for the year 2026. For the year, the company now expects net income per share - diluted of $6.42 to $6.82. Revenue of 0.00% to $1.00%. The updated outlook includes the impact of expected dispositions and the deleveraging plan.
Reported Earnings • Aug 04Second quarter 2026 earnings: EPS exceeds analyst expectationsSecond quarter 2026 results: FFO per share: US$1.4 (down from US$1.50 in 2Q 2025). Revenue: US$65.8m (down 4.0% from 2Q 2025). Funds from operations (FFO): US$23.5m (down 4.0% from 2Q 2025). FFO margin: 36% (in line with 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Residential REITs industry in the US are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 02Centerspace to Report Q2, 2026 Results on Aug 03, 2026Centerspace announced that they will report Q2, 2026 results After-Market on Aug 03, 2026
Major Estimate Revision • Aug 10Consensus EPS estimates increase from loss to US$0.62 profit, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$262.6m to US$257.0m. EPS estimate of -US$1.04 up from expected loss of US$0.62 per share previously. Residential REITs industry in the US expected to see average net income decline 25% next year. Consensus price target down from US$65.21 to US$62.93. Share price rose 2.2% to US$56.68 over the past week.
ライブニュース • Aug 09Centerspace Reveals Plan to Sell 12 Properties in Bid to Refocus PortfolioCenterspace plans to sell 12 apartment properties following a strategic review announced in June. CEO Anne Olson said the objective is to create a portfolio with stronger growth potential, lower debt and greater financial flexibility, while exiting certain tertiary markets to focus on higher quality locations. Management described the planned disposals as part of a broader portfolio optimization effort intended to reshape the company’s geographic footprint and adjust its balance between growth prospects and leverage. Centerspace shares trade at $56.68, with the stock down 16.5% over the past 90 days, reflecting recent pressure as the company lays out its updated portfolio plan. This type of asset sale program can change Centerspace’s risk profile, since execution, pricing on the 12 property sales and the speed of debt reduction or reinvestment will all influence future income stability and financial flexibility.
Seeking Alpha • Aug 06Centerspace: The Market Is Overreacting To Its Portfolio ResetSummary Centerspace offers a contrarian opportunity as asset dispositions and deleveraging overshadow improving portfolio quality and future growth potential. CSR trades at 11.3x forward P/FFO, well below its historical average, reflecting market concerns over near-term dilution and uncovered dividends. Management is repositioning CSR by selling lower-quality assets, reducing debt, and repurchasing undervalued shares to concentrate on stronger metropolitan markets. I rate CSR a “Speculative Buy” for patient investors, expecting FFO/share growth and low-teens total returns post-portfolio reset despite current risks. Read the full article on Seeking Alpha
お知らせ • Aug 04Centerspace Updates Earnings Guidance for the Year 2026Centerspace updated earnings guidance for the year 2026. For the year, the company now expects net income per share - diluted of $6.42 to $6.82. Revenue of 0.00% to $1.00%. The updated outlook includes the impact of expected dispositions and the deleveraging plan.
Reported Earnings • Aug 04Second quarter 2026 earnings: EPS exceeds analyst expectationsSecond quarter 2026 results: FFO per share: US$1.4 (down from US$1.50 in 2Q 2025). Revenue: US$65.8m (down 4.0% from 2Q 2025). Funds from operations (FFO): US$23.5m (down 4.0% from 2Q 2025). FFO margin: 36% (in line with 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Residential REITs industry in the US are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 02Centerspace to Report Q2, 2026 Results on Aug 03, 2026Centerspace announced that they will report Q2, 2026 results After-Market on Aug 03, 2026
Upcoming Dividend • Jun 22Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 14 July 2026. Trailing yield: 5.5%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (4.6%).
Declared Dividend • Jun 04First quarter dividend of US$0.77 announcedDividend of US$0.77 is the same as last year. Ex-date: 29th June 2026 Payment date: 14th July 2026 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%.
お知らせ • Jun 03Centerspace announces Quarterly dividend, payable on July 14, 2026Centerspace announced Quarterly dividend of USD 0.7700 per share payable on July 14, 2026, ex-date on June 29, 2026 and record date on June 29, 2026.
ライブニュース • Jun 03Centerspace Plans $245 Million Asset Sale and Exits Two Markets With Distribution Set for July 2026Centerspace approved a plan to dispose of about $245 million in assets in 2026 as part of a portfolio optimization and deleveraging effort. The plan includes a full exit from the Bismarck and Rapid City markets, signaling a shift in the company’s geographic footprint. The Board also declared a regular quarterly distribution of $0.77 per share/unit, payable in July 2026. This combination of planned asset sales and debt reduction is intended to improve portfolio quality and give the company more financial flexibility over time. Investors may want to watch how execution of the disposals affects leverage metrics, cash flow and any future decisions on distributions.
Major Estimate Revision • May 29Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$1.09 to -US$1.24 per share. Revenue forecast unchanged at US$268.1m. Residential REITs industry in the US expected to see average net income decline 31% next year. Consensus price target broadly unchanged at US$70.61. Share price was steady at US$67.48 over the past week.
Reported Earnings • May 06First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: FFO per share: US$1.3 (down from US$1.45 in 1Q 2025). Revenue: US$65.1m (down 3.0% from 1Q 2025). Funds from operations (FFO): US$21.1m (down 8.9% from 1Q 2025). FFO margin: 32% (down from 35% in 1Q 2025). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • May 06Centerspace Updates Earnings Guidance for the Year 2026Centerspace updated earnings guidance for the year 2026. For the year, the company expects net loss per share - diluted to be in the range of $0.95 to $0.66 against previous guidance of $0.49 to $0.19. Same-Store Revenue of 0.00% to 1.75% compared to previous guidance of 0.00% to 1.75%.
お知らせ • Apr 10Centerspace to Report Q1, 2026 Results on May 04, 2026Centerspace announced that they will report Q1, 2026 results After-Market on May 04, 2026
Recent Insider Transactions Derivative • Apr 07President exercised options and sold US$165k worth of stockOn the 31st of March, Anne Olson exercised options to acquire 3k shares at no cost and sold these for an average price of US$57.45 per share. This trade did not impact their existing holding. For the year to December 2019, Anne's total compensation was 19% salary and 81% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2025, Anne's direct individual holding has increased from 19.50k shares to 30.23k. Company insiders have collectively sold US$148k more than they bought, via options and on-market transactions in the last 12 months.
Upcoming Dividend • Mar 23Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 14 April 2026. Trailing yield: 5.4%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (4.8%).
お知らせ • Mar 12+ 1 more updateCenterspace, Annual General Meeting, May 13, 2026Centerspace, Annual General Meeting, May 13, 2026.
Declared Dividend • Feb 20Fourth quarter dividend of US$0.77 announcedDividend of US$0.77 is the same as last year. Ex-date: 30th March 2026 Payment date: 14th April 2026 Dividend yield will be 5.0%, which is higher than the industry average of 3.8%.
お知らせ • Feb 19Centerspace announces Quarterly dividend, payable on April 14, 2026Centerspace announced Quarterly dividend of USD 0.7700 per share payable on April 14, 2026, ex-date on March 30, 2026 and record date on March 30, 2026.
Reported Earnings • Feb 18Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$1.05 (up from US$1.27 loss in FY 2024). Revenue: US$273.7m (up 4.9% from FY 2024). Net income: US$17.6m (up US$37.2m from FY 2024). Profit margin: 6.4% (up from net loss in FY 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Feb 18Centerspace Provides Earnings Guidance for the Fiscal Year 2026Centerspace provided earnings guidance for the fiscal year 2026. For the year, the company expected diluted net loss per share to be $0.49 to $0.19.
お知らせ • Jan 28Centerspace to Report Q4, 2025 Results on Feb 17, 2026Centerspace announced that they will report Q4, 2025 results After-Market on Feb 17, 2026
Upcoming Dividend • Dec 23Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 30 December 2025. Payment date: 12 January 2026. Trailing yield: 4.6%. Within top quartile of American dividend payers (4.4%). In line with average of industry peers (4.3%).
Declared Dividend • Dec 04Third quarter dividend of US$0.77 announcedShareholders will receive a dividend of US$0.77. Ex-date: 30th December 2025 Payment date: 12th January 2026 Dividend yield will be 4.8%, which is higher than the industry average of 3.8%.
お知らせ • Dec 02Centerspace Announces Quarterly Dividend, Payable on January 12, 2026Centerspace announced that its Board of Trustees has declared a regular quarterly distribution of $0.77 per share/unit, payable on January 12, 2026, to common shareholders and unitholders of record at the close of business on December 30, 2025.
Major Estimate Revision • Nov 10Consensus EPS estimates increase from loss to US$0.0067 profitThe consensus outlook for fiscal year 2025 has been updated. 2025 forecast for profit of -US$1.20 instead of a loss of US$0.0067 per share previously. Revenue forecast unchanged at US$275.4m. Residential REITs industry in the US expected to see average net income decline 16% next year. Consensus price target of US$66.88 unchanged from last update. Share price was steady at US$59.82 over the past week.
New Risk • Nov 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings are forecast to decline by an average of 37% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$3.22 (up from US$0.40 loss in 3Q 2024). Revenue: US$71.4m (up 9.8% from 3Q 2024). Net income: US$53.9m (up US$60.1m from 3Q 2024). Profit margin: 76% (up from net loss in 3Q 2024). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Nov 04Centerspace Updates Earnings Guidance for the Year 2025Centerspace updated earnings guidance for the year 2025. For the year, the company expects the Net income per Share – diluted of $1.97 to $2.19 as compared to previous guidance of $2.50 to $2.76. Same-Store Revenue of 2.00% to 2.50% compared to previous guidance of 2.00% to 3.00%.
お知らせ • Oct 08Centerspace to Report Q3, 2025 Results on Nov 03, 2025Centerspace announced that they will report Q3, 2025 results After-Market on Nov 03, 2025
Upcoming Dividend • Sep 22Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 October 2025. Trailing yield: 5.3%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (3.9%).
Declared Dividend • Sep 05Second quarter dividend of US$0.77 announcedShareholders will receive a dividend of US$0.77. Ex-date: 29th September 2025 Payment date: 10th October 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%.
お知らせ • Sep 03Centerspace Announces Quarterly Dividend, Payable on October 10, 2025Centerspace's Board of Trustees has declared a regular quarterly distribution of $0.77 per share/unit, payable on October 10, 2025, to common shareholders and unitholders of record at the close of business on September 29, 2025.
Reported Earnings • Aug 05Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: US$0.87 loss per share (further deteriorated from US$0.19 loss in 2Q 2024). Revenue: US$68.5m (up 5.4% from 2Q 2024). Net loss: US$14.5m (loss widened 400% from 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 14% per year.
お知らせ • Aug 05+ 1 more updateCenterspace Updates Earnings Guidance for the Year 2025Centerspace updated earnings guidance for the year 2025. For the year 2025, the company now expects net profit per diluted share to be $2.50 to $2.76 against net loss per diluted share of $0.71 to $0.45 in previous outlook. Same-store revenue is expected to be 2.00% to 3.00% against previous guidance of 1.50% to 3.50%.
お知らせ • Jul 09Centerspace to Report Q2, 2025 Results on Aug 04, 2025Centerspace announced that they will report Q2, 2025 results After-Market on Aug 04, 2025
Upcoming Dividend • Jun 20Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 10 July 2025. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.7%).
Declared Dividend • Jun 05First quarter dividend of US$0.77 announcedShareholders will receive a dividend of US$0.77. Ex-date: 27th June 2025 Payment date: 10th July 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.8%.
お知らせ • Jun 03+ 1 more updateCenterspace (NYSE:CSR) acquired Sugarmont, a 341-home community in Salt Lake City, Utah for approximately $150 million.Centerspace (NYSE:CSR) acquired Sugarmont, a 341-home community in Salt Lake City, Utah for approximately $150 million on May 30, 2025. A consideration of $149 million will be paid by Centerspace towards assets of Sugarmont, a 341-home community in Salt Lake City, Utah. Centerspace (NYSE:CSR) completed the acquisition of Sugarmont, a 341-home community in Salt Lake City, Utah on May 30, 2025.
新しいナラティブ • May 04Midwest And Mountain West Demand Will Secure Future Success Strong demand in key regions and a decrease in new apartment supply bolster revenue growth through improved leasing and occupancy rates.
Reported Earnings • May 02First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: US$0.21 loss per share (improved from US$0.37 loss in 1Q 2024). Revenue: US$67.1m (up 4.0% from 1Q 2024). Net loss: US$3.57m (loss narrowed 35% from 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
お知らせ • Apr 02Centerspace to Report Q1, 2025 Results on May 01, 2025Centerspace announced that they will report Q1, 2025 results After-Market on May 01, 2025
Upcoming Dividend • Mar 21Upcoming dividend of US$0.77 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 08 April 2025. Trailing yield: 4.8%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.5%).
お知らせ • Mar 17Centerspace, Annual General Meeting, May 14, 2025Centerspace, Annual General Meeting, May 14, 2025.
お知らせ • Mar 14Centerspace Announces Retirement of Jeff Caira as Trustee, Chair of the Nominating and Governance Committee and Member of the Audit Committee, Effective on May 14, 2025Centerspace announced that Jeff Caira, a member of the Company's Board of Trustees, will retire as a trustee, chair of the Nominating and Governance Committee and member of the Audit Committee effective upon the expiration of his annual term at the conclusion of the 2025 Annual Meeting of Shareholders to be held on May 14, 2025.
Declared Dividend • Feb 21Fourth quarter dividend increased to US$0.77Dividend of US$0.77 is 2.7% higher than last year. Ex-date: 28th March 2025 Payment date: 8th April 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.8%.
Reported Earnings • Feb 19Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: US$0.81 loss per share (down from US$2.33 profit in FY 2023). Revenue: US$261.0m (flat on FY 2023). Net loss: US$12.6m (down 136% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Feb 19+ 1 more updateCenterspace Provides Earnings Guidance for the Year 2025Centerspace provided earnings guidance for the year 2025. For the year 2025, the company expected net loss per diluted share to be $0.71 to $0.45.
お知らせ • Jan 28Centerspace to Report Q4, 2024 Results on Feb 18, 2025Centerspace announced that they will report Q4, 2024 results After-Market on Feb 18, 2025
Seeking Alpha • Jan 21Centerspace: Midwestern Apartments At A DiscountSummary 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. CSR's valuation is attractive, trading at 79.7% of NAV and 14.9X AFFO, with potential for capital appreciation as it closes the multiple gap with peers. Read the full article on Seeking Alpha
Upcoming Dividend • Dec 23Upcoming dividend of US$0.75 per shareEligible shareholders must have bought the stock before 30 December 2024. Payment date: 13 January 2025. Trailing yield: 4.5%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (3.4%).
Declared Dividend • Dec 05Third quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 30th December 2024 Payment date: 13th January 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.8%.
お知らせ • Dec 03Centerspace Declares A Regular Quarterly Distribution, Payable on January 13, 2025Centerspace's Board of Trustees announced 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.
Reported Earnings • Oct 29Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: US$0.40 loss per share (down from US$0.41 profit in 3Q 2023). Revenue: US$65.0m (flat on 3Q 2023). Net loss: US$6.17m (down 200% from profit in 3Q 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 94%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Oct 29Centerspace Revises Earnings Guidance for the Year 2024Centerspace revised earnings guidance for the year 2024. For the year 2024, the company expected net income per share - diluted to be $1.21 to $1.06 as compared to previous guidance of $1.21 to $1.01. Same-store revenue is expected to be 3.00% to 3.50% against previous guidance of 3.25% to 4.25%.
お知らせ • Oct 08Centerspace to Report Q3, 2024 Results on Oct 28, 2024Centerspace announced that they will report Q3, 2024 results After-Market on Oct 28, 2024
Upcoming Dividend • Sep 23Upcoming dividend of US$0.75 per shareEligible shareholders must have bought the stock before 30 September 2024. Payment date: 10 October 2024. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (3.2%).
Declared Dividend • Sep 06Second quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 30th September 2024 Payment date: 10th October 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.8%.
Seeking Alpha • Sep 06Centerspace: One Of The Cheapest Multifamily REITsSummary 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. Despite some risks, Centerspace's share price creates an opportunity for value investors. Read the full article on Seeking Alpha
お知らせ • Sep 04Centerspace Declares Regular Quarterly Distribution, Payable on October 10, 2024Centerspace's Board of Trustees announced 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.
Major Estimate Revision • Aug 05Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.85 to -US$1.04 per share. Revenue forecast unchanged at US$262.4m. Residential REITs industry in the US expected to see average net income decline 6.9% next year. Consensus price target up from US$69.22 to US$71.56. Share price was steady at US$70.44 over the past week.
Board Change • Aug 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Board of Trustee Jay Rosenberg was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jul 30Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: US$0.19 loss per share (improved from US$0.23 loss in 2Q 2023). Revenue: US$65.0m (flat on 2Q 2023). Net loss: US$2.90m (loss narrowed 16% from 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Jul 15Now 21% undervaluedOver the last 90 days, the stock has risen 11% to US$68.83. The fair value is estimated to be US$86.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.0% in a year. Earnings are forecast to decline by 39% in the next year.
お知らせ • Jul 09Centerspace Appoints Jay Rosenberg to Its Board of Trustees and Nominating and Corporate Governance CommitteeCenterspace announced the appointment of Jay Rosenberg to its Board of Trustees on July 8, 2024. Mr. Rosenberg will also serve on Centerspace's Nominating and Corporate Governance Committee. Mr. Rosenberg recently retired as Head of Public Real Assets for Nuveen, where he oversaw strategy, investment process and performance of the firm's listed real assets platform while also serving as a member of Nuveen's global investment committee. Additionally, he served as a portfolio manager on Nuveen's public global infrastructure, real asset income, real estate securities and global real estate securities strategies, most of which were created under his leadership. Jay's investment management career at Nuveen spanned over 19 years and he has been involved in investment management and real estate related occupations for almost three decades. Jay earned a bachelor's degree from the University of Wisconsin – Madison and a master's degree in Urban Planning and Public Policy from the University of Illinois at Chicago.
Upcoming Dividend • Jun 21Upcoming dividend of US$0.75 per shareEligible shareholders must have bought the stock before 28 June 2024. Payment date: 10 July 2024. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.6%).
Declared Dividend • Jun 06First quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 28th June 2024 Payment date: 10th July 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.8%.
お知らせ • Jun 05Centerspace Announces Regular Quarterly Dividend, Payable on July 10, 2024Centerspace's Board of Trustees announced that it has declared a regular quarterly distribution of $0.75 per share/unit, payable on July 10, 2024, to common shareholders and unitholders of record at the close of business on June 28, 2024.
New Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Currently unprofitable and not forecast to become profitable over next 2 years (US$18m net loss in 2 years).
Major Estimate Revision • May 06Consensus EPS estimates fall by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.877 to -US$1.02 per share. Revenue forecast unchanged at US$264.8m. Residential REITs industry in the US expected to see average net income decline 25% next year. Consensus price target up from US$63.13 to US$65.38. Share price rose 6.2% to US$68.71 over the past week.
New Risk • May 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Currently unprofitable and not forecast to become profitable over next 2 years (US$18m net loss in 2 years).
Reported Earnings • Apr 30First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: US$0.37 loss per share (down from US$2.79 profit in 1Q 2023). Revenue: US$64.5m (down 5.0% from 1Q 2023). Net loss: US$5.51m (down 113% from profit in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Apr 17Consensus EPS estimates upgraded to US$0.88 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$1.06 to -US$0.877 per share. Revenue forecast steady at US$263.5m. Residential REITs industry in the US expected to see average net income decline 31% next year. Consensus price target broadly unchanged at US$63.13. Share price rose 3.0% to US$61.92 over the past week.
お知らせ • Apr 10Centerspace, Annual General Meeting, May 20, 2024Centerspace, Annual General Meeting, May 20, 2024, at 12:00 Central Daylight. Agenda: To elect seven nominees named in the Proxy Statement as trustees of the Company, each to serve for a term of one year expiring at the 2025 Annual Meeting of Shareholders or until his or her successor is duly elected and qualified; to hold an advisory vote on executive compensation; to ratify Grant Thornton LLP as independent auditor for the year ending December 31, 2024; and to transact such other business as may properly come before the 2024 Annual Meeting or any adjournment(s) or postponement(s) thereof.
お知らせ • Apr 09Centerspace to Report Q1, 2024 Results on Apr 29, 2024Centerspace announced that they will report Q1, 2024 results After-Market on Apr 29, 2024
Upcoming Dividend • Mar 20Upcoming dividend of US$0.75 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 08 April 2024. Trailing yield: 5.3%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.8%).
Major Estimate Revision • Mar 10Consensus EPS estimates fall by 33%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.825 to -US$1.10 per share. Revenue forecast of US$264.7m unchanged since last update. Residential REITs industry in the US expected to see average net income decline 32% next year. Consensus price target of US$62.38 unchanged from last update. Share price was steady at US$56.77 over the past week.
Major Estimate Revision • Feb 27Consensus EPS estimates fall by 588%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.12 to -US$0.825 per share. Revenue forecast unchanged at US$264.7m. Residential REITs industry in the US expected to see average net income decline 37% next year. Consensus price target broadly unchanged at US$62.38. Share price was steady at US$55.39 over the past week.
Declared Dividend • Feb 23Fourth quarter dividend increased to US$0.75Dividend of US$0.75 is 2.7% higher than last year. Ex-date: 27th March 2024 Payment date: 8th April 2024 Dividend yield will be 5.2%, which is higher than the industry average of 3.8%.
Reported Earnings • Feb 22Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$2.33 (up from US$1.35 loss in FY 2022). Revenue: US$261.3m (up 1.8% from FY 2022). Net income: US$34.9m (up US$55.4m from FY 2022). Profit margin: 13% (up from net loss in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Feb 22Centerspace Provides Earnings Guidance for the Year 2024Centerspace provided earnings guidance for the year 2024. For the year 2024, the company expected net loss per share to be $1.31 to $0.99.
お知らせ • Feb 21Centerspace Announces a Quarterly Distribution, Payable on April 8, 2024Centerspace's Board of Trustees announced a quarterly distribution of $0.75 per share/unit, payable on April 8, 2024, to common shareholders and unitholders of record at the close of business on March 28, 2024. The announced distribution represents a $0.02 increase over the prior distribution.
Seeking Alpha • Jan 27Centerspace: A Value Buy In The Multifamily SpaceSummary Centerspace has underperformed the S&P 500 and Vanguard Real Estate ETF over the past year but deserves more credit. CSR has made progress in portfolio transformation and optimizing its properties for better operating efficiencies. The company has shown steady growth in rent and same-store NOI and offers an appealing and well-covered dividend, leaving plenty of room for further deleveraging. Read the full article on Seeking Alpha
お知らせ • Jan 26Centerspace Appoints Ola Oyinsan Hixon to Board of TrusteesCenterspace announced the appointment of Ola Oyinsan Hixon to its Board of Trustees on January 23, 2024. Ms. Hixon is an executive director at PGIM Real Estate and portfolio manager on the U.S. Value-Add equity team where she is responsible for investment strategy, transactions, asset management, and investor relations primarily for the affordable housing and impact fund strategies. Prior to joining PGIM Real Estate, she was a principal at KKR & Co., with responsibility for portfolio and asset management functions of real estate private equity funds with properties located across the country. Previously, Ola worked at The Blackstone Group where she managed the multifamily portfolio company, LivCor, as well as the single-family home portfolio company, Invitation Homes. Earlier, Ola worked at The JBG Companies, UBS, and the investment banking division of Citigroup. Ola earned a bachelor's degree in business administration from The Stephen M. Ross School of Business at the University of Michigan and a master's degree in business administration from The Wharton School of the University of Pennsylvania. Ola serves on ULI's Multifamily Gold Council and is a member of Real Estate Executive Council (REEC). In addition, Hixon serves as a board member of the non-profit City Parks Foundation, which transforms parks into vibrant community centers of urban life for all New Yorkers.
お知らせ • Jan 19Centerspace to Report Fiscal Year 2023 Results on Feb 20, 2024Centerspace announced that they will report fiscal year 2023 results After-Market on Feb 20, 2024
Upcoming Dividend • Dec 21Upcoming dividend of US$0.73 per share at 5.1% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.7%).
お知らせ • Dec 04Centerspace Announces Declares Regular Quarterly Distribution, Payable on January 12, 2024Centerspace's Board of Trustees announced that it has declared a regular quarterly distribution of $0.73 per share/unit, payable on January 12, 2024, to common shareholders and unitholders of record at the close of business on December 29, 2023.
Major Estimate Revision • Nov 30Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$2.99 to US$2.67 per share. Revenue forecast steady at US$261.3m. Net income forecast to shrink 102% next year vs 15% decline forecast for Residential REITs industry in the US. Consensus price target of US$60.13 unchanged from last update. Share price was steady at US$53.34 over the past week.
Major Estimate Revision • Nov 09Consensus EPS estimates increase by 32%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$2.26 to US$2.99. Revenue forecast steady at US$261.4m. Net income forecast to shrink 88% next year vs 14% decline forecast for Residential REITs industry in the US. Consensus price target down from US$65.25 to US$62.75. Share price rose 9.2% to US$52.49 over the past week.
Price Target Changed • Nov 07Price target decreased by 7.0% to US$62.75Down from US$67.50, the current price target is an average from 8 analysts. New target price is 21% above last closing price of US$51.82. Stock is down 15% over the past year. The company is forecast to post earnings per share of US$2.99 next year compared to a net loss per share of US$1.35 last year.
Seeking Alpha • Nov 06Centerspace: Viewed Neutrally Despite Positive Developments And Forward GuidanceSummary 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. The company is also experiencing rising insurance costs, which are expected to continue into 2024. While shares are more discounted at current trading levels, I continue to view the stock neutrally. Read the full article on Seeking Alpha
お知らせ • Nov 01An unknown buyer acquired Four non-core apartment communities and associated commercial space in Minot from Centerspace (NYSE:CSR) for $82.5 million.An unknown buyer acquired Four non-core apartment communities and associated commercial space in Minot from Centerspace (NYSE:CSR) for $82.5 million on September 14, 2023.An unknown buyer completed the acquisition of Four non-core apartment communities and associated commercial space in Minot from Centerspace (NYSE:CSR) on September 14, 2023.
