Centerspace

CSR

US15202L1070

Residential REITs

Market Closed - Nyse Other stock markets 01:30:05 17/05/2024 am IST			5-day change	1st Jan Change
69.69 ^USD	-0.36%		-1.75%	+19.74%

06/05	Piper Sandler Raises Centerspace Price Target to $64 From $63, Maintains Neutral Rating	MT
06/05	North American Morning Briefing : Stock Futures -2-	DJ

Centerspace Reports Earnings Results for the First Quarter Ended March 31, 2024

April 30, 2024 at 02:00 am IST

Centerspace reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 64.51 million compared to USD 67.9 million a year ago. Net loss was USD 3.75 million compared to net income of USD 43.73 million a year ago.

Basic loss per share from continuing operations was USD 0.37 compared to basic earnings per share from continuing operations of USD 2.79 a year ago. Diluted loss per share from continuing operations was USD 0.37 compared to diluted earnings per share from continuing operations of USD 2.76 a year ago.

Latest news about Centerspace

Piper Sandler Raises Centerspace Price Target to $64 From $63, Maintains Neutral Rating	06/05	MT
North American Morning Briefing : Stock Futures -2-	06/05	DJ
Compass Point Downgrades Centerspace to Neutral Froom Buy With $68 Price Target	03/05	MT
RBC Capital Raises Centerspace's Price Target to $68 From $66, Outperform Rating Maintained	01/05	MT
Transcript : Centerspace, Q1 2024 Earnings Call, Apr 30, 2024	30/04
Tranche Update on Centerspace's Equity Buyback Plan announced on June 14, 2022.	30/04	CI
Centerspace Reports Earnings Results for the First Quarter Ended March 31, 2024	30/04	CI
RBC Boosts Price Target on Centerspace to $66 From $63, Keeps Outperform Rating	10/04	MT
Baird Adjusts Price Target on Centerspace to $59 From $57, Keeps Neutral Rating	12/03	MT
An unknown buyer acquired 136-unit Wingate Apartments in New Hope, Minnesota from Centerspace for $14.2 million.	01/03	CI
An unknown buyer acquired 69-unit Southdale Parc Apartments in Richfield, Minnesota from Centerspace for $8.7 million.	01/03	CI
Transcript : Centerspace, Q4 2023 Earnings Call, Feb 21, 2024	21/02
Centerspace Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	21/02	CI
Tranche Update on Centerspace's Equity Buyback Plan announced on June 14, 2022.	21/02	CI
Centerspace Reports Earnings Results for the Full Year Ended December 31, 2023	21/02	CI
Centerspace Provides Earnings Guidance for the Year 2024	21/02	CI
Centerspace Announces a Quarterly Distribution, Payable on April 8, 2024	21/02	CI
Centerspace Appoints Ola Oyinsan Hixon to Board of Trustees	26/01	CI
North American Morning Briefing : Central Bankers -2-	17/01	DJ
RBC Upgrades Centerspace to Outperform From Sector Perform, Lifts Price Target to $63 From $58, Cites 'Underappreciated' Market Strength	16/01	MT
Centerspace Maintains Quarterly Dividend of $0.73 a Share, Payable Jan. 12 to Shareholders as of Dec. 29	02/12	MT
Centerspace Announces Declares Regular Quarterly Distribution, Payable on January 12, 2024	02/12	CI
North American Morning Briefing : Higher Bond -2-	07/11	DJ
Compass Point Upgrades Centerspace to Buy From Neutral, Price Target is $65	06/11	MT
RBC Trims Price Target on Centerspace to $58 From $60, Keeps Sector Perform Rating	01/11	MT

Chart Centerspace

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Company Profile

Centerspace is a real estate investment trust. The Company is focused on the ownership, management, acquisition, development, and redevelopment of apartment communities. The Company owns approximately 72 apartment communities consisting of 13,088 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. The Company conducts its daily business operations primarily through its operating partnership, Centerspace, LP (the Operating Partnership). The Companyâs portfolio of apartment communities includes 71 France, Alps Park Apartments, Arcata Apartments, Ashland Apartment Homes, Avalon Cove Townhomes, Burgundy & Hillsboro, Canyon Lake Apartments, Castlerock Apartment Homes, Cottonwood Apartment Homes, Country Meadows Apartment Homes, Deer Ridge Apartment Homes, Grand Gateway Apartment Homes, Homestead Garden Apartments, Silver Springs Apartment Homes, and Rimrock West Apartments, among others.

Sector

Residential REITs

Calendar

20/05/2024 - Annual General Meeting

Related indices

Russell 2000

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Ratings for Centerspace

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

69.65 USD

Average target price

65.5 USD

Spread / Average Target

-5.96%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Residential REITs

	1st Jan change	Capi.
CENTERSPACE	+19.74%	1.04B
AVALONBAY COMMUNITIES, INC.	+5.78%	28.12B
EQUITY RESIDENTIAL	+9.70%	25.43B
INVITATION HOMES INC.	+3.22%	21.57B
MID-AMERICA APARTMENT COMMUNITY, INC.	+1.78%	15.99B
SUN COMMUNITIES, INC.	-9.59%	15.05B
AMERICAN HOMES 4 RENT	+1.36%	13.35B
UDR INC.	+2.95%	12.98B
EQUITY LIFESTYLE PROPERTIES, INC.	-10.02%	11.84B
CAMDEN PROPERTY TRUST	+7.28%	11.35B

Residential REITs

Centerspace

Equities

CSR

US15202L1070

Residential REITs

Centerspace Reports Earnings Results for the First Quarter Ended March 31, 2024

EPS Revisions