Investors Real Estate Trust Provides Earnings Guidance for the Year Ended December 31, 2021
February 22, 2021 at 09:30 pm
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Investors Real Estate Trust provided earnings guidance for the year ended December 31, 2021. For the year, the company expects net income to be in the range of high of $8,031,000 to low of negative $1,274,000. Diluted earnings per share to be in range of high of $0.45 to low of negative $0.18. The company expects revenue in the range of negative 0.5% to positive 3.0%.
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.