View Future GrowthCenterspace 과거 순이익 실적과거 기준 점검 2/6Centerspace은 연평균 2.2%의 비율로 수입이 증가해 온 반면, Residential REITs 산업은 수입이 2.4% 증가했습니다. 매출은 연평균 7.1%의 비율로 증가했습니다. Centerspace의 자기자본이익률은 1.5%이고 순이익률은 2.9%입니다.핵심 정보2.16%순이익 성장률1.10%주당순이익(EPS) 성장률Residential REITs 산업 성장률11.06%매출 성장률7.06%자기자본이익률1.49%순이익률2.93%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported 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.공시 • Apr 10Centerspace to Report Q1, 2026 Results on May 04, 2026Centerspace announced that they will report Q1, 2026 results After-Market on May 04, 2026Reported 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.공시 • Jan 28Centerspace to Report Q4, 2025 Results on Feb 17, 2026Centerspace announced that they will report Q4, 2025 results After-Market on Feb 17, 2026Reported 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.공시 • Oct 08Centerspace to Report Q3, 2025 Results on Nov 03, 2025Centerspace announced that they will report Q3, 2025 results After-Market on Nov 03, 2025모든 업데이트 보기Recent updatesReported 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.공시 • 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%.속보 • May 06Centerspace Misses Q1 2026 Expectations While Portfolio Refresh ProgressesCenterspace reported Q1 2026 FFO and revenue below Zacks Consensus Estimates, with an FFO surprise of 4.27% below expectations and a 3.6% revenue miss. The company recorded a net loss and lower Core FFO per diluted share, largely tied to the prior sale of 12 apartment communities. Centerspace reaffirmed and updated its 2026 core financial outlook and indicated that progress on its ongoing review of strategic options is expected before Q2 results. For you as an investor, the key takeaway is that operational and earnings pressure in Q1 2026 is linked in part to the capital recycling program that has been reshaping the portfolio. Earlier in 2025, Centerspace recycled about $212 million of capital, selling 12 Minnesota communities and buying properties in Salt Lake City and Fort Collins/Loveland. That shift is aimed at concentrating on what the company views as higher-quality markets and improving portfolio efficiency, even though it has weighed on near-term Core FFO. The reaffirmed 2026 outlook and Zacks Rank #3 (Hold) indicate expectations that performance could track close to the broader market, despite recent underperformance and the Q1 miss. As you assess CSR, it can be useful to separate short-term effects from the asset sales from the longer-term implications of the new market mix, and to watch for details from the ongoing strategic review ahead of Q2 earnings for any potential changes in capital allocation or portfolio priorities.공시 • 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%).공시 • 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%.공시 • 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.공시 • 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.공시 • Jan 28Centerspace to Report Q4, 2025 Results on Feb 17, 2026Centerspace announced that they will report Q4, 2025 results After-Market on Feb 17, 2026Seeking Alpha • Jan 03Centerspace: Risk-Reward Turns Attractive As Strategic Review Highlights OpportunitySummary Centerspace is upgraded to Buy, reflecting improved risk-reward, a solid dividend, and strategic review potential. CSR’s latest report showed 4.5% same-store NOI growth and 95.8% occupancy, while keeping a sustainable 4.63% dividend yield and significant buybacks program. The board’s ongoing strategic review, including a possible sale or merger, provides downside protection and optionality. Macro headwinds persist, but expected rate cuts and supply constraints could drive improved fundamentals going forward. Read the full article on Seeking AlphaUpcoming 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%.공시 • 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.공시 • 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%.공시 • 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%.공시 • 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.공시 • 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%.공시 • 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%.공시 • 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.새로운 내러티브 • 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.공시 • 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%).공시 • Mar 17Centerspace, Annual General Meeting, May 14, 2025Centerspace, Annual General Meeting, May 14, 2025.공시 • 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.공시 • 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.공시 • 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%.공시 • 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.공시 • 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%.공시 • 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 Alpha공시 • 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.공시 • 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%.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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 Alpha공시 • 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.공시 • 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%).공시 • 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 Alpha공시 • 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.Reported Earnings • Oct 31Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: FFO per share: US$1.4 (down from US$1.39 in 3Q 2022). Revenue: US$64.6m (down 1.3% from 3Q 2022). Funds from operations (FFO): US$20.8m (down 1.3% from 3Q 2022). FFO margin: 32% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 2.2% 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 fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.공시 • Oct 12Centerspace (NYSE:CSR) acquired Lake Vista Apartment Homes in Loveland, CO for $94.5 million.Centerspace (NYSE:CSR) acquired Lake Vista Apartment Homes in Loveland, CO for $94.5 million on October 11, 2023. The acquisition includes the assumption of $52.7 million of mortgage debt at a rate of 3.45%. The mortgage features interest-only payments through June 2024 and a maturity in June 2026.Centerspace (NYSE:CSR) completed the acquisition of Lake Vista Apartment Homes in Loveland, CO on October 11, 2023.공시 • Oct 11Centerspace to Report Q3, 2023 Results on Oct 30, 2023Centerspace announced that they will report Q3, 2023 results After-Market on Oct 30, 2023Upcoming Dividend • Sep 21Upcoming dividend of US$0.73 per share at 5.8% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 10 October 2023. Trailing yield: 5.8%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (3.7%).공시 • Sep 02Centerspace Declares Regular Quarterly Distribution, Payable on October 10, 2023Centerspace's Board of Trustees announced that it has declared a regular quarterly distribution of $0.73 per share/unit, payable on October 10, 2023, to common shareholders and unitholders of record at the close of business on September 29, 2023.Seeking Alpha • Aug 09Centerspace: Improving Debt Position, Shares Fairly ValuedSummary Midwestern and Mountain state multifamily operator, Centerspace, reported strong Q2 results that included positive revisions to full-year guidance. The company has also made significant progress in lowering their overall debt load. The increased flexibility is providing CSR with the ability to redirect capital to other priorities, such as acquisitions and value-add type renovations. Despite the positive outlook, I view shares as fairly valued in the current market environment. Read the full article on Seeking AlphaMajor Estimate Revision • Aug 07Consensus EPS estimates fall by 29%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$4.07 to US$2.91 per share. Revenue forecast steady at US$267.0m. Net income forecast to shrink 64% next year vs 18% decline forecast for Residential REITs industry in the US. Consensus price target up from US$66.57 to US$68.14. Share price rose 3.2% to US$64.10 over the past week.Reported Earnings • Aug 01Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: FFO per share: US$1.3 (up from US$1.29 in 2Q 2022). Revenue: US$64.8m (up 2.6% from 2Q 2022). Funds from operations (FFO): US$20.2m (up 5.6% from 2Q 2022). FFO margin: 31% (in line with 2Q 2022). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 158%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.공시 • Jul 13Centerspace to Report Q2, 2023 Results on Jul 31, 2023Centerspace announced that they will report Q2, 2023 results After-Market on Jul 31, 2023매출 및 비용 세부 내역Centerspace가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NYSE:CSR 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 Mar 26272825031 Dec 252741724030 Sep 252733022030 Jun 25267-2921031 Mar 25264-1821031 Dec 24261-2020030 Sep 24259-2421030 Jun 24258-1220031 Mar 24258-1320031 Dec 232613520030 Sep 232654118030 Jun 232663321031 Mar 232643221031 Dec 22257-2121030 Sep 22247-2621030 Jun 22232-3518031 Mar 22215-1017031 Dec 21202-619030 Sep 21189-416030 Jun 211832515031 Mar 21180014031 Dec 20178-213030 Sep 201785113030 Jun 201826314031 Mar 201857014031 Dec 191867214030 Sep 191884114030 Jun 191861214031 Mar 19185-1215031 Dec 18183-1415031 Oct 18178-4113031 Jul 18175-4313030 Apr 18170-6014031 Jan 18167-4115031 Oct 17164-3516031 Jul 17151-3316030 Apr 17160-4516031 Jan 17167-3714031 Oct 16175-3213031 Jul 16193-2912030 Apr 16146-713031 Jan 16166-37031 Oct 1517028031 Jul 15175890양질의 수익: CSR는 $31.7M 규모의 큰 일회성 이익이 있어 31st March, 2026까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: CSR는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: CSR는 지난 5년 동안 흑자전환하며 연평균 2.2%의 수익 성장을 기록했습니다.성장 가속화: CSR는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: CSR는 지난해 흑자전환하여 지난 해 수익 성장률을 Residential REITs 업계(5.2%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: CSR의 자본 수익률(1.5%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YReal-estate 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 00:02종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Centerspace는 15명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Amanda SweitzerBairdRobert StevensonBrean Capital Historical (Janney Montgomery)Gaurav MehtaB. Riley Securities, Inc.12명의 분석가 더 보기
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.
공시 • 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
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.
공시 • 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
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.
공시 • 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
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.
공시 • 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%.
속보 • May 06Centerspace Misses Q1 2026 Expectations While Portfolio Refresh ProgressesCenterspace reported Q1 2026 FFO and revenue below Zacks Consensus Estimates, with an FFO surprise of 4.27% below expectations and a 3.6% revenue miss. The company recorded a net loss and lower Core FFO per diluted share, largely tied to the prior sale of 12 apartment communities. Centerspace reaffirmed and updated its 2026 core financial outlook and indicated that progress on its ongoing review of strategic options is expected before Q2 results. For you as an investor, the key takeaway is that operational and earnings pressure in Q1 2026 is linked in part to the capital recycling program that has been reshaping the portfolio. Earlier in 2025, Centerspace recycled about $212 million of capital, selling 12 Minnesota communities and buying properties in Salt Lake City and Fort Collins/Loveland. That shift is aimed at concentrating on what the company views as higher-quality markets and improving portfolio efficiency, even though it has weighed on near-term Core FFO. The reaffirmed 2026 outlook and Zacks Rank #3 (Hold) indicate expectations that performance could track close to the broader market, despite recent underperformance and the Q1 miss. As you assess CSR, it can be useful to separate short-term effects from the asset sales from the longer-term implications of the new market mix, and to watch for details from the ongoing strategic review ahead of Q2 earnings for any potential changes in capital allocation or portfolio priorities.
공시 • 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%).
공시 • 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%.
공시 • 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.
공시 • 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.
공시 • 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
Seeking Alpha • Jan 03Centerspace: Risk-Reward Turns Attractive As Strategic Review Highlights OpportunitySummary Centerspace is upgraded to Buy, reflecting improved risk-reward, a solid dividend, and strategic review potential. CSR’s latest report showed 4.5% same-store NOI growth and 95.8% occupancy, while keeping a sustainable 4.63% dividend yield and significant buybacks program. The board’s ongoing strategic review, including a possible sale or merger, provides downside protection and optionality. Macro headwinds persist, but expected rate cuts and supply constraints could drive improved fundamentals going forward. Read the full article on Seeking Alpha
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%.
공시 • 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.
공시 • 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%.
공시 • 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%.
공시 • 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.
공시 • 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%.
공시 • 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%.
공시 • 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.
새로운 내러티브 • 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.
공시 • 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%).
공시 • Mar 17Centerspace, Annual General Meeting, May 14, 2025Centerspace, Annual General Meeting, May 14, 2025.
공시 • 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.
공시 • 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.
공시 • 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%.
공시 • 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.
공시 • 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%.
공시 • 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
공시 • 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.
공시 • 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%.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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%).
공시 • 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
공시 • 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.
Reported Earnings • Oct 31Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: FFO per share: US$1.4 (down from US$1.39 in 3Q 2022). Revenue: US$64.6m (down 1.3% from 3Q 2022). Funds from operations (FFO): US$20.8m (down 1.3% from 3Q 2022). FFO margin: 32% (in line with 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 2.2% 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 fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
공시 • Oct 12Centerspace (NYSE:CSR) acquired Lake Vista Apartment Homes in Loveland, CO for $94.5 million.Centerspace (NYSE:CSR) acquired Lake Vista Apartment Homes in Loveland, CO for $94.5 million on October 11, 2023. The acquisition includes the assumption of $52.7 million of mortgage debt at a rate of 3.45%. The mortgage features interest-only payments through June 2024 and a maturity in June 2026.Centerspace (NYSE:CSR) completed the acquisition of Lake Vista Apartment Homes in Loveland, CO on October 11, 2023.
공시 • Oct 11Centerspace to Report Q3, 2023 Results on Oct 30, 2023Centerspace announced that they will report Q3, 2023 results After-Market on Oct 30, 2023
Upcoming Dividend • Sep 21Upcoming dividend of US$0.73 per share at 5.8% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 10 October 2023. Trailing yield: 5.8%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (3.7%).
공시 • Sep 02Centerspace Declares Regular Quarterly Distribution, Payable on October 10, 2023Centerspace's Board of Trustees announced that it has declared a regular quarterly distribution of $0.73 per share/unit, payable on October 10, 2023, to common shareholders and unitholders of record at the close of business on September 29, 2023.
Seeking Alpha • Aug 09Centerspace: Improving Debt Position, Shares Fairly ValuedSummary Midwestern and Mountain state multifamily operator, Centerspace, reported strong Q2 results that included positive revisions to full-year guidance. The company has also made significant progress in lowering their overall debt load. The increased flexibility is providing CSR with the ability to redirect capital to other priorities, such as acquisitions and value-add type renovations. Despite the positive outlook, I view shares as fairly valued in the current market environment. Read the full article on Seeking Alpha
Major Estimate Revision • Aug 07Consensus EPS estimates fall by 29%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$4.07 to US$2.91 per share. Revenue forecast steady at US$267.0m. Net income forecast to shrink 64% next year vs 18% decline forecast for Residential REITs industry in the US. Consensus price target up from US$66.57 to US$68.14. Share price rose 3.2% to US$64.10 over the past week.
Reported Earnings • Aug 01Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: FFO per share: US$1.3 (up from US$1.29 in 2Q 2022). Revenue: US$64.8m (up 2.6% from 2Q 2022). Funds from operations (FFO): US$20.2m (up 5.6% from 2Q 2022). FFO margin: 31% (in line with 2Q 2022). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 158%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
공시 • Jul 13Centerspace to Report Q2, 2023 Results on Jul 31, 2023Centerspace announced that they will report Q2, 2023 results After-Market on Jul 31, 2023
