Centerspace Stock News

Centerspace manages 13,014 apartments with a focus on Minnesota, Colorado, and North Dakota. Q3 2024 per share results were impacted by a capital increase to fund the redemption of the Series C preferred shares. Only 4% of all debt is variable rate, indicating limited benefits from Fed rate cuts.

REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term gr...

MINNEAPOLIS , Dec. 2, 2024 /PRNewswire/ -- NYSE: CSR. Centerspace's Board of Trustees announced today that it has declared a regular quarterly distribution of $0.75 per share/unit, payable on January 13, 2025, to common shareholders and unitholders of record at the close of business on December 30, 2024.

Centerspace (NYSE:CSR ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Josh Klaetsch - IR Anne Olson - President and CEO Bhairav Patel - EVP and CFO Grant Campbell - SVP, Investments Conference Call Participants Brad Heffern - RBC Capital Markets John Kim - BMO Capital Markets Connor Mitchell - Piper Sandler Cooper Clark - Wells Fargo Rob Stevenson - Janney M...

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 Oper...

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.

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.

U.S. equity markets posted their worst week since March 2023 while benchmark interest rates tumbled to eighteen-month lows after employment data indicated a further cooling in economic momentum. Among several disappointing reports, BLS Nonfarm Payrolls data showed that the U.S. economy added just 142k jobs in August, while prior months were again revised sharply lower. Snapping a four-week winn...