CSR
Centerspace
About: Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, acquisitions, redevelopment, and development of apartment communities. The company operates through a single reportable segment which includes the ownership, management, development, redevelopment, and acquisition of apartment communities and conduct their corporate operations from offices in Minot, North Dakota and Minneapolis, Minnesota.
Employees: 404
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
63% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 16
16% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 63
3% more funds holding
Funds holding: 196 [Q4 2024] → 202 (+6) [Q1 2025]
0.11% less ownership
Funds ownership: 84.15% [Q4 2024] → 84.05% (-0.11%) [Q1 2025]
1% less capital invested
Capital invested by funds: $923M [Q4 2024] → $911M (-$12M) [Q1 2025]
32% less call options, than puts
Call options by funds: $71K | Put options by funds: $104K
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$67
5%
upside
Avg. target
$70
10%
upside
High target
$77
21%
upside
6 analyst ratings
3 positive
50%
3 neutral
50%
0 negative
0%
Raymond James Buck Horne | 9%upside $69 | Strong Buy Upgraded | 15 May 2025 |
Piper Sandler Alexander Goldfarb | 7%upside $68 | Neutral Maintained | 5 May 2025 |
RBC Capital Brad Heffern | 13%upside $72 | Outperform Maintained | 5 May 2025 |
UBS | 5%upside $67 | Neutral Initiated | 7 Apr 2025 |
BMO Capital John Kim | 21%upside $77 | Outperform Upgraded | 4 Apr 2025 |
Financial journalist opinion
Based on 4 articles about CSR published over the past 30 days
Positive
Seeking Alpha
6 days ago
A Slow Slowdown
US equity markets rallied to their highest levels since February after a critical slate of employment data showed lukewarm labor market conditions in May, with only minimal tariff-related impacts. Benchmark interest rates jumped to near-four-month highs as hotter-than-expected wage growth metrics fueled doubts on the prospects for meaningful Federal Reserve easing this year. Meanwhile, investors weighed questions about the fate of the "Big Beautiful Bill" amid fierce challenges from Elon Musk, alongside signs of thawing in the tariff stalemate with China.
Neutral
PRNewsWire
1 week ago
CENTERSPACE ANNOUNCES ENTRANCE INTO THE SALT LAKE CITY MARKET, PLANNED PORTFOLIO TRANSACTIONS, AND QUARTERLY DIVIDEND
MINNEAPOLIS , June 2, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) (the "Company") announced that on May 30, 2025, it closed on the acquisition of its first community in Salt Lake City, UT, for $149 million. Centerspace has also signed an agreement to acquire a community in Fort Collins, CO, with closing anticipated in mid-June.
Positive
Seeking Alpha
3 weeks ago
Centerspace: Operating Momentum Improves As Shares Underperform (Rating Upgrade)
Centerspace is a residential REIT managing 13,012 apartments, primarily in Minneapolis, Denver, and North Dakota. Q1 2025 and April 2025 leasing spreads point to a strong improvement relative to Q4 2024. Even so, Core FFO growth remains muted due to past share issuance and higher property taxes.
Negative
Seeking Alpha
3 weeks ago
When Your REIT Will Cut Its Dividend
When Your REIT Will Cut Its Dividend
Neutral
Seeking Alpha
1 month ago
Large Price Disconnects In REITs From Misapplied Perspective
Real estate professionals' negative outlook on transaction volumes has led to a bearish sentiment on REITs, despite stable property values and NOI growth. Tariff uncertainty and fluctuating mortgage rates have reduced transaction activity, but real estate owners care about NOI and property value, not transaction volume. REIT stocks are trading at significant discounts, with the median REIT at 77.9% of NAV, presenting a unique investment opportunity.
Neutral
Seeking Alpha
1 month ago
Centerspace (CSR) Q1 2025 Earnings Call Transcript
Centerspace (NYSE:CSR ) Q1 2025 Earnings Conference Call May 2, 2025 1:00 PM ET Company Participants Josh Klaetsch - Director, IR Anne Olson - President & CEO Bhairav Patel - CFO Grant Campbell - SVP, Investments & Capital Markets Conference Call Participants Brad Heffern - RBC Capital Markets Ami Probandt - UBS Jamie Feldman - Wells Fargo Rob Stevenson - Janney Alexander Goldfarb - Piper Sandler Mason Guell - Baird Operator Good afternoon and thank you for attending today's Centerspace First Quarter 2025 Earnings Call. My name is Jaslyn, and I will be your moderator today.
Positive
Zacks Investment Research
1 month ago
Centerspace (CSR) Matches Q1 FFO Estimates
Centerspace (CSR) came out with quarterly funds from operations (FFO) of $1.21 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1.23 per share a year ago.
Neutral
PRNewsWire
1 month ago
Centerspace Reports First Quarter 2025 Financial & Operating Results and Reaffirms 2025 Core FFO per Share Guidance
MINNEAPOLIS , May 1, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the three months ended March 31, 2025. The tables below show Net Loss, Funds from Operations ("FFO")1, and Core FFO1, all on a per diluted share basis, for the three months ended March 31, 2025; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; and Same-Store Weighted Average Occupancy, Lease Rate Growth, and Resident Retention for each of the three months ended March 31, 2025, December 31, 2024, and March 31, 2024.
Positive
Seeking Alpha
1 month ago
3 Bargain Buys Unfairly Sold Off With The Market
The market's inefficiency during erratic price movements creates opportunities to invest in fundamentally sound stocks with lower multiples. Focus on companies with price drops due to multiple contractions, not those with declining earnings or growth. Market price is not a true barometer of value.
Neutral
Seeking Alpha
2 months ago
Disparate Property Supply In Tampa Creates Selective Opportunity
Tampa's strong job and population growth make it a prime real estate location, but supply and demand dynamics are crucial for investment decisions. The high housing supply in Tampa has led to a temporary downturn in home prices, while limited retail space has driven up retail rents. Other property sectors have limited supply and much stronger outlooks within Tampa.
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