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 7,312 funds
0
Analysts bullish %
of 3 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
12% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 65
4% more funds holding
Funds holding: 196 [Q4 2024] → 204 (+8) [Q1 2025]
0.01% more ownership
Funds ownership: 84.15% [Q4 2024] → 84.16% (+0.01%) [Q1 2025]
1% less capital invested
Capital invested by funds: $923M [Q4 2024] → $912M (-$10.8M) [Q1 2025]
32% less call options, than puts
Call options by funds: $71K | Put options by funds: $104K
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$68
13%
upside
Avg. target
$70
16%
upside
High target
$72
20%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Raymond James Buck Horne | 15%upside $69 | Strong Buy Upgraded | 15 May 2025 |
Piper Sandler Alexander Goldfarb | 13%upside $68 | Neutral Maintained | 5 May 2025 |
RBC Capital Brad Heffern | 20%upside $72 | Outperform Maintained | 5 May 2025 |
Financial journalist opinion
Neutral
PRNewsWire
3 days ago
CENTERSPACE ANNOUNCES SECOND QUARTER 2025 EARNINGS RELEASE DATE
MINNEAPOLIS , July 8, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) will release its operating results for the quarter ended June 30, 2025, after the market closes on Monday, August 4, 2025. Management will host a conference call to discuss those results on Tuesday, August 5, 2025, at 10:00 a.m.
Positive
Seeking Alpha
1 week ago
The Bulls Are Back
U.S. equity markets surged to fresh record-highs as investors cheered a confluence of positive headlines: a temporary ceasefire in the Middle East, productive trade talks, and progress on tax cuts. Oil prices tumbled after the U.S. destroyed a trio of Iranian nuclear facilities in a formidable and decisive show of force, eliciting a ceasefire between Israel and Iran. Traders priced in additional rate cuts as tumbling oil prices and economic data that remains devoid of meaningful inflation prompted dovish dissents from several Fed officials.
Positive
Seeking Alpha
1 month 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 month 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
1 month 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
1 month ago
When Your REIT Will Cut Its Dividend
When Your REIT Will Cut Its Dividend
Neutral
Seeking Alpha
2 months 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
2 months 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
2 months 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
2 months 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.
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