Centerspace

CSR

US15202L1070

Residential REITs

Market Closed - Nyse Other stock markets 21:00:02 28/05/2024 BST			5-day change	1st Jan Change
66.98 ^USD	-1.12%		-1.57%	+15.09%

05-27	ANALYST RECOMMENDATIONS : Boeing, Dell, Merck, RyanAir...
05-24	Raymond James Upgrades Centerspace to Outperform From Market Perform With $75 Price Target	MT

Centerspace Reports Earnings Results for the First Quarter Ended March 31, 2023

May 01, 2023 at 09:27 pm

Centerspace reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 67.9 million compared to USD 60.31 million a year ago. Net income was USD 43.73 million compared to net loss of USD 8.43 million a year ago.

Basic earnings per share from continuing operations was USD 2.79 compared to basic loss per share from continuing operations of USD 0.68 a year ago. Diluted earnings per share from continuing operations was USD 2.76 compared to diluted loss per share from continuing operations of USD 0.68 a year ago.

Latest news about Centerspace

ANALYST RECOMMENDATIONS : Boeing, Dell, Merck, RyanAir...	05-27
Raymond James Upgrades Centerspace to Outperform From Market Perform With $75 Price Target	05-24	MT
Piper Sandler Raises Centerspace Price Target to $64 From $63, Maintains Neutral Rating	05-06	MT
North American Morning Briefing : Stock Futures -2-	05-06	DJ
Compass Point Downgrades Centerspace to Neutral Froom Buy With $68 Price Target	05-03	MT
RBC Capital Raises Centerspace's Price Target to $68 From $66, Outperform Rating Maintained	05-01	MT
Transcript : Centerspace, Q1 2024 Earnings Call, Apr 30, 2024	04-30
Tranche Update on Centerspace's Equity Buyback Plan announced on June 14, 2022.	04-29	CI
Centerspace Reports Earnings Results for the First Quarter Ended March 31, 2024	04-29	CI
RBC Boosts Price Target on Centerspace to $66 From $63, Keeps Outperform Rating	04-10	MT
Baird Adjusts Price Target on Centerspace to $59 From $57, Keeps Neutral Rating	03-12	MT
An unknown buyer acquired 136-unit Wingate Apartments in New Hope, Minnesota from Centerspace for $14.2 million.	02-29	CI
An unknown buyer acquired 69-unit Southdale Parc Apartments in Richfield, Minnesota from Centerspace for $8.7 million.	02-29	CI
Transcript : Centerspace, Q4 2023 Earnings Call, Feb 21, 2024	02-21
Centerspace Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	02-20	CI
Tranche Update on Centerspace's Equity Buyback Plan announced on June 14, 2022.	02-20	CI
Centerspace Reports Earnings Results for the Full Year Ended December 31, 2023	02-20	CI
Centerspace Provides Earnings Guidance for the Year 2024	02-20	CI
Centerspace Announces a Quarterly Distribution, Payable on April 8, 2024	02-20	CI
Centerspace Appoints Ola Oyinsan Hixon to Board of Trustees	01-25	CI
North American Morning Briefing : Central Bankers -2-	01-17	DJ
RBC Upgrades Centerspace to Outperform From Sector Perform, Lifts Price Target to $63 From $58, Cites 'Underappreciated' Market Strength	01-16	MT
Centerspace Maintains Quarterly Dividend of $0.73 a Share, Payable Jan. 12 to Shareholders as of Dec. 29	12-01	MT
Centerspace Announces Declares Regular Quarterly Distribution, Payable on January 12, 2024	12-01	CI
North American Morning Briefing : Higher Bond -2-	11-07	DJ

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

03/06/2024 - National Association of Real Estate Investment Trusts REITweek Investor Conference

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

66.98 USD

Average target price

67.67 USD

Spread / Average Target

+1.03%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Residential REITs

	1st Jan change	Capi.
CENTERSPACE	+15.09%	1.01B
AVALONBAY COMMUNITIES, INC.	+2.69%	27.74B
EQUITY RESIDENTIAL	+5.69%	24.9B
INVITATION HOMES INC.	-0.12%	21.12B
ESSEX PROPERTY TRUST, INC.	+2.98%	16.66B
MID-AMERICA APARTMENT COMMUNITY, INC.	-3.09%	15.56B
SUN COMMUNITIES, INC.	-13.06%	14.6B
AMERICAN HOMES 4 RENT	-0.70%	13.24B
UDR INC.	-0.21%	12.83B
EQUITY LIFESTYLE PROPERTIES, INC.	-13.17%	11.53B

Residential REITs

Centerspace

Equities

CSR

US15202L1070

Residential REITs

Centerspace Reports Earnings Results for the First Quarter Ended March 31, 2023

EPS Revisions