Reported Earnings • May 06
First quarter 2026 earnings: EPS and revenues miss analyst expectations First 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. Aankondiging • May 06
Centerspace Updates Earnings Guidance for the Year 2026 Centerspace 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%. Live nieuws • May 06
Centerspace Misses Q1 2026 Expectations While Portfolio Refresh Progresses Centerspace 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. Aankondiging • Apr 10
Centerspace to Report Q1, 2026 Results on May 04, 2026 Centerspace announced that they will report Q1, 2026 results After-Market on May 04, 2026 Recent Insider Transactions Derivative • Apr 07
President exercised options and sold US$165k worth of stock On 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 23
Upcoming dividend of US$0.77 per share Eligible 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%). Declared Dividend • Feb 20
Fourth quarter dividend of US$0.77 announced Dividend 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%. Aankondiging • Feb 19
Centerspace announces Quarterly dividend, payable on April 14, 2026 Centerspace 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 18
Full year 2025 earnings: EPS and revenues miss analyst expectations Full 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. Aankondiging • Feb 18
Centerspace Provides Earnings Guidance for the Fiscal Year 2026 Centerspace 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. Aankondiging • Jan 28
Centerspace to Report Q4, 2025 Results on Feb 17, 2026 Centerspace announced that they will report Q4, 2025 results After-Market on Feb 17, 2026 Upcoming Dividend • Dec 23
Upcoming dividend of US$0.77 per share Eligible 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 04
Third quarter dividend of US$0.77 announced Shareholders 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%. Aankondiging • Dec 02
Centerspace Announces Quarterly Dividend, Payable on January 12, 2026 Centerspace 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 10
Consensus EPS estimates increase from loss to US$0.0067 profit The 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 04
New major risk - Financial position The 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 04
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third 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. Aankondiging • Nov 04
Centerspace Updates Earnings Guidance for the Year 2025 Centerspace 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%. Aankondiging • Oct 08
Centerspace to Report Q3, 2025 Results on Nov 03, 2025 Centerspace announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of US$0.77 per share Eligible 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 05
Second quarter dividend of US$0.77 announced Shareholders 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%. Aankondiging • Sep 03
Centerspace Announces Quarterly Dividend, Payable on October 10, 2025 Centerspace'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 05
Second quarter 2025 earnings: EPS misses analyst expectations Second 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. Aankondiging • Jul 09
Centerspace to Report Q2, 2025 Results on Aug 04, 2025 Centerspace announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Upcoming Dividend • Jun 20
Upcoming dividend of US$0.77 per share Eligible 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 05
First quarter dividend of US$0.77 announced Shareholders 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%. Reported Earnings • May 02
First quarter 2025 earnings: EPS misses analyst expectations First 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. Aankondiging • Apr 02
Centerspace to Report Q1, 2025 Results on May 01, 2025 Centerspace announced that they will report Q1, 2025 results After-Market on May 01, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of US$0.77 per share Eligible 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%). Aankondiging • Mar 17
Centerspace, Annual General Meeting, May 14, 2025 Centerspace, Annual General Meeting, May 14, 2025. Aankondiging • Mar 14
Centerspace Announces Retirement of Jeff Caira as Trustee, Chair of the Nominating and Governance Committee and Member of the Audit Committee, Effective on May 14, 2025 Centerspace 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 21
Fourth quarter dividend increased to US$0.77 Dividend 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 19
Full year 2024 earnings: EPS misses analyst expectations Full 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. Aankondiging • Jan 28
Centerspace to Report Q4, 2024 Results on Feb 18, 2025 Centerspace announced that they will report Q4, 2024 results After-Market on Feb 18, 2025 Upcoming Dividend • Dec 23
Upcoming dividend of US$0.75 per share Eligible 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 05
Third quarter dividend of US$0.75 announced Shareholders 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%. Aankondiging • Dec 03
Centerspace Declares A Regular Quarterly Distribution, Payable on January 13, 2025 Centerspace'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 29
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third 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. Aankondiging • Oct 29
Centerspace Revises Earnings Guidance for the Year 2024 Centerspace 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%. Aankondiging • Oct 08
Centerspace to Report Q3, 2024 Results on Oct 28, 2024 Centerspace announced that they will report Q3, 2024 results After-Market on Oct 28, 2024 Upcoming Dividend • Sep 23
Upcoming dividend of US$0.75 per share Eligible 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 06
Second quarter dividend of US$0.75 announced Shareholders 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%. Aankondiging • Sep 04
Centerspace Declares Regular Quarterly Distribution, Payable on October 10, 2024 Centerspace'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 05
Consensus 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 01
High number of new directors There 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 30
Second quarter 2024 earnings: EPS misses analyst expectations Second 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 15
Now 21% undervalued Over 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. Aankondiging • Jul 09
Centerspace Appoints Jay Rosenberg to Its Board of Trustees and Nominating and Corporate Governance Committee Centerspace 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 21
Upcoming dividend of US$0.75 per share Eligible 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 06
First quarter dividend of US$0.75 announced Shareholders 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%. Aankondiging • Jun 05
Centerspace Announces Regular Quarterly Dividend, Payable on July 10, 2024 Centerspace'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 17
New major risk - Revenue and earnings growth Earnings 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 06
Consensus 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 01
New major risk - Revenue and earnings growth Earnings 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 30
First quarter 2024 earnings: EPS misses analyst expectations First 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 17
Consensus EPS estimates upgraded to US$0.88 loss The 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. Aankondiging • Apr 10
Centerspace, Annual General Meeting, May 20, 2024 Centerspace, 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. Aankondiging • Apr 09
Centerspace to Report Q1, 2024 Results on Apr 29, 2024 Centerspace announced that they will report Q1, 2024 results After-Market on Apr 29, 2024 Upcoming Dividend • Mar 20
Upcoming dividend of US$0.75 per share Eligible 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 10
Consensus 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 27
Consensus 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 23
Fourth quarter dividend increased to US$0.75 Dividend 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 22
Full year 2023 earnings: EPS misses analyst expectations Full 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. Aankondiging • Feb 22
Centerspace Provides Earnings Guidance for the Year 2024 Centerspace 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. Aankondiging • Feb 21
Centerspace Announces a Quarterly Distribution, Payable on April 8, 2024 Centerspace'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. Aankondiging • Jan 26
Centerspace Appoints Ola Oyinsan Hixon to Board of Trustees Centerspace 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. Aankondiging • Jan 19
Centerspace to Report Fiscal Year 2023 Results on Feb 20, 2024 Centerspace announced that they will report fiscal year 2023 results After-Market on Feb 20, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of US$0.73 per share at 5.1% yield Eligible 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%). Aankondiging • Dec 04
Centerspace Announces Declares Regular Quarterly Distribution, Payable on January 12, 2024 Centerspace'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 30
Consensus 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 09
Consensus 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 07
Price target decreased by 7.0% to US$62.75 Down 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. Aankondiging • Nov 01
An 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 31
Third quarter 2023 earnings: EPS exceeds analyst expectations Third 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. Aankondiging • Oct 12
Centerspace (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. Aankondiging • Oct 11
Centerspace to Report Q3, 2023 Results on Oct 30, 2023 Centerspace announced that they will report Q3, 2023 results After-Market on Oct 30, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of US$0.73 per share at 5.8% yield Eligible 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%). Aankondiging • Sep 02
Centerspace Declares Regular Quarterly Distribution, Payable on October 10, 2023 Centerspace'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. Major Estimate Revision • Aug 07
Consensus 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 01
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second 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. Aankondiging • Jul 13
Centerspace to Report Q2, 2023 Results on Jul 31, 2023 Centerspace announced that they will report Q2, 2023 results After-Market on Jul 31, 2023