Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of June 30, 2021, Centerspace owned 62 apartment communities consisting of 11,579 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.
IPO Year:
Exchange: NYSE
Website: centerspacehomes.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | Outperform → Mkt Perform | Raymond James | |
| 5/24/2024 | $75.00 | Mkt Perform → Outperform | Raymond James |
| 5/3/2024 | $65.00 → $68.00 | Buy → Neutral | Compass Point |
| 1/16/2024 | $58.00 → $63.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 11/6/2023 | $65.00 | Neutral → Buy | Compass Point |
| 9/25/2023 | $69.00 | Buy | BTIG Research |
| 5/26/2023 | Underperform → Mkt Perform | Raymond James | |
| 5/2/2023 | $70.00 | Neutral → Buy | Colliers Securities |
| 12/14/2022 | Buy → Neutral | Janney | |
| 11/23/2022 | Mkt Perform → Underperform | Raymond James |
Raymond James downgraded Centerspace from Outperform to Mkt Perform
Raymond James upgraded Centerspace from Mkt Perform to Outperform and set a new price target of $75.00
Compass Point downgraded Centerspace from Buy to Neutral and set a new price target of $68.00 from $65.00 previously
RBC Capital Mkts upgraded Centerspace from Sector Perform to Outperform and set a new price target of $63.00 from $58.00 previously
Compass Point upgraded Centerspace from Neutral to Buy and set a new price target of $65.00
BTIG Research resumed coverage of Centerspace with a rating of Buy and set a new price target of $69.00
Raymond James upgraded Centerspace from Underperform to Mkt Perform
Colliers Securities upgraded Centerspace from Neutral to Buy and set a new price target of $70.00
Janney downgraded Centerspace from Buy to Neutral
Raymond James downgraded Centerspace from Mkt Perform to Underperform
8-K - CENTERSPACE (0000798359) (Filer)
8-K - CENTERSPACE (0000798359) (Filer)
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8-K - CENTERSPACE (0000798359) (Filer)
8-K - CENTERSPACE (0000798359) (Filer)
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MINNEAPOLIS, July 9, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today 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. "We are excited about the addition of Jay as a Trustee," said Centerspace President and CEO Anne Olson. "His extensive knowledge of the public real estate industry as an investor, as well as his experiences in investment strategy development, will be valuable additions to Centerspace and our Board of Trustees as we continue to scale the Company." Mr. Rosenberg recently retired as Head of Public Real Assets for Nuveen, where he oversaw strategy,
MINNEAPOLIS, Jan. 25, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the appointment of Ola Oyinsan Hixon to its Board of Trustees on January 23, 2024. "We are very excited to welcome Ola as a Trustee," said Centerspace President and CEO Anne Olson. "Her extensive portfolio and asset management experience within the real estate space will allow her to provide valuable insight as we scale and position our Company in the coming years." 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 hou
MINNEAPOLIS, July 25, 2023 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today that Josh Klaetsch has joined the Company as Director of Investor Relations. In this role, Mr. Klaetsch will be responsible for investor relations initiatives of the Company including industry benchmarking, relationship management, and strategic outreach to ensure the Company is appropriately positioned with analysts, investors, and all stakeholders. Mr. Klaetsch most recently served as Vice President and Portfolio Manager for Securian Asset Management where his team managed portfolios with more than $1.3B of investments in publicly traded REIT stocks. He holds a BA Degree in Economics and Management from Luth
MINNEAPOLIS, March 23, 2023 /PRNewswire/ -- Centerspace, Inc. (NYSE:CSR) announced today the transition of Mark Decker, Jr., the Company's President and CEO since 2017. As part of the succession plan, the Board of Directors has appointed Anne Olson, the Company's Executive Vice President, Chief Operating Officer, and General Counsel, to succeed Mr. Decker as President and CEO effective March 31, 2023, at which time she will also join the Centerspace Board. Mr. Decker will continue to serve on the Company's Board of Directors through the end of his current term in May and will remain an advisor to the Company during that time to ensure a smooth transition. "Anne has been an integral part of
MINNEAPOLIS, Jan. 18, 2022 /PRNewswire/ -- Centerspace (NYSE:CSR) announced today the appointment of Rodney Jones-Tyson as Trustee, the addition of Bob Levine as a non-voting observer to the Board of Trustees ("Board") and the transition of John Schissel to Chair of the Board. "We are pleased to welcome Rodney and Bob to the Board of Centerspace in their respective capacities. I am also excited to work with John as Chair," said Centerspace President and CEO Mark Decker, Jr. "Rodney brings significant experience from his roles at Baird and his perspective will be invaluable as we look to continue to successfully scale the Company in the coming years, particularly as we work to extend our eff
MINNEAPOLIS, Oct. 28, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced today its financial and operating results for the three and nine months ended September 30, 2024. The tables below show Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three and nine months ended September 30, 2024; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; along with Same-Store Weighted-Average Occupancy and leasing rates for each of the three and applicable nine months ended September 30, 2024, June 30, 2024, and September 30, 2023. Three Months Ended September 30, Nine Months Ended September 30, Per Common S
MINNEAPOLIS, Oct. 7, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) will release its operating results for the quarter ended September 30, 2024, after the market closes on Monday, October 28, 2024. Management will host a conference call to discuss those results on the following day, Tuesday, October 29, 2024, at 10:00 a.m. Eastern Time. Interested parties may access the conference call via the following: Live Conference Call Details: Live webcast: https://events.q4inc.com/attendee/841168447 Operator Assisted Dial-In:United States (Local): +1 404 975 4839United States (Toll-Free): +1 833 470 1428Canada: +1 226 828 7575Canada (Toll-Free): +1 833 950 0062Access Code: 050510 Replay Details: Replay
MINNEAPOLIS, Sept. 3, 2024 /PRNewswire/ -- (NYSE:CSR) Centerspace's (the "Company") Board of Trustees announced today that it has declared a regular quarterly distribution of $0.75 per share/unit, payable on October 10, 2024, to common shareholders and unitholders of record at the close of business on September 30, 2024. The Board of Trustees also declared a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE:CSR), payable on September 30, 2024, to holders of record at the close of business on September 16, 2024. Centerspace also announced that it intends to redeem all shares outstanding of the Company's 6.625% Series C Cumulative Redeemab
MINNEAPOLIS, July 29, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced today its financial and operating results for the three and six months ended June 30, 2024. The tables below show Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three and six months ended June 30, 2024; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; and Same-Store Weighted-Average Occupancy for each of the three months ended June 30, 2024, March 31, 2024, and June 30, 2023. Three Months Ended June 30, Six Months Ended June 30, Per Common Share 2024 2023 2024 2023 Net income (loss) - diluted $
MINNEAPOLIS, July 3, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) will release its operating results for the quarter ended June 30, 2024, after the market closes on Monday, July 29, 2024. Management will host a conference call to discuss those results on the following day, Tuesday, July 30, 2024, at 10:00 a.m. Eastern Time. Interested parties may access the conference call via the following: Live Conference Call Details Live webcast: https://events.q4inc.com/attendee/442753976United States (Toll-Free): +1 833 470 1428International: +1 404 975 4839Access Code: 811975 Replay Details United States (Toll-Free): +1 866 813 9403International: +1 929 458 6194Access Code: 732490 About CenterspaceCent
MINNEAPOLIS, June 3, 2024 /PRNewswire/ -- NYSE: CSR. Centerspace's Board of Trustees announced today that it has declared a regular quarterly distribution of $0.75 per share/unit, payable on July 10, 2024, to common shareholders and unitholders of record at the close of business on June 28, 2024. The Board of Trustees also declared a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE:CSR), payable on June 28, 2024, to holders of record at the close of business on June 14, 2024. Series C preferred share distributions are cumulative and payable quarterly in arrears at an annual rate of $1.65625 per share. About CenterspaceCenterspace is an
MINNEAPOLIS, April 29, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced today its financial and operating results for the three months ended March 31, 2024. The tables below show Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three months ended March 31, 2024; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; and Same-Store Weighted-Average Occupancy for each of the three months ended March 31, 2024, December 31, 2023, and March 31, 2023. Three Months Ended March 31, Per Common Share 2024 2023 Net income (loss) - diluted $ (0.37) $ 2.76 FFO
MINNEAPOLIS, April 8, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) will release its operating results for the quarter ended March 31, 2024, after the market closes on Monday, April 29, 2024. Management will host a conference call to discuss those results on the following day, Tuesday, April 30, 2024, at 10:00 a.m. Eastern Time. Interested parties may access the conference call via the following: Live Conference Call Details Live webcast: https://events.q4inc.com/attendee/595040516United States (Local): +1 404 975 4839United States (Toll-Free): +1 833 470 1428Canada: +1 226 828 7575Canada (Toll-Free): +1 833 950 0062International: +1 929 526 1599Access Code: 748370 Replay Details United States
MINNEAPOLIS, Feb. 20, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced today its financial and operating results for the year ended December 31, 2023. The tables below show Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the year ended December 31, 2023; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; and Same-Store Weighted Average Occupancy for the three months ended December 31, 2023, September 30, 2023, and December 31, 2022 and the twelve months ended December 31, 2023 and 2022. Three Months Ended December 31, Twelve Months Ended December 31, Per Share 2023 2022 2023 2022 Net income (l
MINNEAPOLIS, Jan. 24, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the tax treatment (Form 1099-DIV) for calendar year 2023 distributions on its common and preferred shares of beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their Centerspace distributions. Security Description Record Date Payable Date Cash Distribution Per Share Box 1a Ordinary Taxable Dividend Box 1b Qualified Dividend (1) Box 2a Long-Term Capital Gain Box 2b Unrecaptured Sec. 1250 Gain (2) Box 3 Nondividend Distribution Box 5 Section 199A Dividend (1) Common Shares 01/02/23 01/12/23 $0.7300000 $0.2077306 $0.0
MINNEAPOLIS, Oct. 28, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced today its financial and operating results for the three and nine months ended September 30, 2024. The tables below show Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three and nine months ended September 30, 2024; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; along with Same-Store Weighted-Average Occupancy and leasing rates for each of the three and applicable nine months ended September 30, 2024, June 30, 2024, and September 30, 2023. Three Months Ended September 30, Nine Months Ended September 30, Per Common S
MINNEAPOLIS, Oct. 7, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) will release its operating results for the quarter ended September 30, 2024, after the market closes on Monday, October 28, 2024. Management will host a conference call to discuss those results on the following day, Tuesday, October 29, 2024, at 10:00 a.m. Eastern Time. Interested parties may access the conference call via the following: Live Conference Call Details: Live webcast: https://events.q4inc.com/attendee/841168447 Operator Assisted Dial-In:United States (Local): +1 404 975 4839United States (Toll-Free): +1 833 470 1428Canada: +1 226 828 7575Canada (Toll-Free): +1 833 950 0062Access Code: 050510 Replay Details: Replay
MINNEAPOLIS, Oct. 2, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced that on October 1, 2024, it closed on the acquisition of The Lydian in Denver, CO, for total consideration of $54 million. Centerspace also announced the completed redemption of all outstanding 6.625% Series C Cumulative Redeemable Preferred Shares on September 30, 2024. The Company also announced that year-to-date through September 30, 2024, it has sold approximately 1.59 million shares under its ATM program. Gross proceeds from these ATM sales were approximately $113.73 million, before fees and expenses, which was used to fund the preferred share redemption and pay down line of credit debt. The Lydian is a 129-home
MINNEAPOLIS, Sept. 3, 2024 /PRNewswire/ -- (NYSE:CSR) Centerspace's (the "Company") Board of Trustees announced today that it has declared a regular quarterly distribution of $0.75 per share/unit, payable on October 10, 2024, to common shareholders and unitholders of record at the close of business on September 30, 2024. The Board of Trustees also declared a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE:CSR), payable on September 30, 2024, to holders of record at the close of business on September 16, 2024. Centerspace also announced that it intends to redeem all shares outstanding of the Company's 6.625% Series C Cumulative Redeemab
MINNEAPOLIS, Aug. 20, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) published its 2024 Environmental, Social, and Governance (ESG) Report, highlighting the company's commitment to sustainable business practices in the multifamily industry. This is the Company's fifth annual report following its 2019 formation of an Environmental, Social, and Governance Committee established to lead identification, implementation, and tracking the progress of various sustainability initiatives. For 2023, Centerspace has prepared their annual ESG report in alignment with GRI's 2024 Universal Standards and Topic Standards. Other key accomplishments include the achievement of 81% energy usage data coverage (surpa
MINNEAPOLIS, July 29, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced today its financial and operating results for the three and six months ended June 30, 2024. The tables below show Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three and six months ended June 30, 2024; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; and Same-Store Weighted-Average Occupancy for each of the three months ended June 30, 2024, March 31, 2024, and June 30, 2023. Three Months Ended June 30, Six Months Ended June 30, Per Common Share 2024 2023 2024 2023 Net income (loss) - diluted $
MINNEAPOLIS, July 9, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today 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. "We are excited about the addition of Jay as a Trustee," said Centerspace President and CEO Anne Olson. "His extensive knowledge of the public real estate industry as an investor, as well as his experiences in investment strategy development, will be valuable additions to Centerspace and our Board of Trustees as we continue to scale the Company." Mr. Rosenberg recently retired as Head of Public Real Assets for Nuveen, where he oversaw strategy,
MINNEAPOLIS, July 3, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) will release its operating results for the quarter ended June 30, 2024, after the market closes on Monday, July 29, 2024. Management will host a conference call to discuss those results on the following day, Tuesday, July 30, 2024, at 10:00 a.m. Eastern Time. Interested parties may access the conference call via the following: Live Conference Call Details Live webcast: https://events.q4inc.com/attendee/442753976United States (Toll-Free): +1 833 470 1428International: +1 404 975 4839Access Code: 811975 Replay Details United States (Toll-Free): +1 866 813 9403International: +1 929 458 6194Access Code: 732490 About CenterspaceCent
MINNEAPOLIS, June 3, 2024 /PRNewswire/ -- NYSE: CSR. Centerspace's Board of Trustees announced today that it has declared a regular quarterly distribution of $0.75 per share/unit, payable on July 10, 2024, to common shareholders and unitholders of record at the close of business on June 28, 2024. The Board of Trustees also declared a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE:CSR), payable on June 28, 2024, to holders of record at the close of business on June 14, 2024. Series C preferred share distributions are cumulative and payable quarterly in arrears at an annual rate of $1.65625 per share. About CenterspaceCenterspace is an
MINNEAPOLIS, April 29, 2024 /PRNewswire/ -- Centerspace (NYSE:CSR) announced today its financial and operating results for the three months ended March 31, 2024. The tables below show Net Income (Loss), Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three months ended March 31, 2024; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; and Same-Store Weighted-Average Occupancy for each of the three months ended March 31, 2024, December 31, 2023, and March 31, 2023. Three Months Ended March 31, Per Common Share 2024 2023 Net income (loss) - diluted $ (0.37) $ 2.76 FFO
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Piper Sandler analyst Alexander Goldfarb maintains Center (NYSE:CSR) with a Neutral and raises the price target from $63 to $64.
Compass Point analyst Merrill Ross downgrades Center (NYSE:CSR) from Buy to Neutral and raises the price target from $65 to $68.
Center (NYSE:CSR) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 2 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for Center, revealing an average target of $63.25, a high estimate of $68.00, and a low estimate of $59.00. This current average has increased by 2.02% from the previous average price tar
RBC Capital analyst Brad Heffern maintains Center (NYSE:CSR) with a Outperform and raises the price target from $66 to $68.
Centerspace (NYSE:CSR) reported quarterly earnings of $1.23 per share which beat the analyst consensus estimate of $1.13 by 8.85 percent. The company reported quarterly sales of $64.506 million which beat the analyst consensus estimate of $64.381 million by 0.19 percent. This is a 4.99 percent decrease over sales of $67.897 million the same period last year.
Throughout the last three months, 4 analysts have evaluated Center (NYSE:CSR), offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $62.0, with a high estimate of $63.00 and a low estimate of $59.00. This upward trend is apparent, with
Piper Sandler analyst Alexander Goldfarb maintains Center (NYSE:CSR) with a Neutral and maintains $63 price target.
RBC Capital analyst Brad Heffern reiterates Center (NYSE:CSR) with a Outperform and maintains $63 price target.
Piper Sandler analyst Alexander Goldfarb maintains Center (NYSE:CSR) with a Neutral and raises the price target from $62 to $63.
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