Centerspace REIT

Centerspace engages in the ownership, management, acquisition, redevelopment, and development of apartment communities. It focuses on making operational enhancements to improve residents experience, redeveloping existing apartment communities to meet market demands and acquiring new apartment communities in the Minneapolis/St. Paul and Denver metropolitan areas. The company was founded on July 31, 1970 and is headquartered in Minot, ND.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Centerspace REIT (CSR) reports robust Q4 performance and eyes growth opportunities

Centerspace REIT's Q4 2022 performance showcased resilience amidst industry headwinds, with strong financial metrics and strategic capital deployment. The company's focus on stabilizing utility expenses and exploring growth opportunities positions it well for future success.

Centerspace REIT (CSR) reports strong Q1 earnings, focuses on debt management and strategic growth

Centerspace REIT (CSR) showcased robust financial performance in Q1 2023, marked by strong revenue and NOI growth. While challenges in debt management and portfolio redevelopment exist, the company's effective cost control measures and revenue strategies position it well for future growth and value creation.

Centerspace REIT (CSR) reports robust Q2 performance and raises guidance

Centerspace REIT (CSR) delivered a strong Q2 performance with notable Core FFO growth and increased guidance for the year. The company's robust balance sheet, low leverage, and positive outlook for 2023 underscore its resilience and strategic focus amidst market dynamics.

Centerspace REIT (CSR) reports robust Q3 performance and eyes growth opportunities

Centerspace REIT (CSR) delivered strong financial results in Q3 2023, with revenue and core FFO showing significant year-over-year growth.
Despite challenges in rising expenses, the company's strategic focus on acquisitions, sales, and portfolio enhancement positions it well for future success.
With increased guidance for 2023 and a focus on improving market exposure, Centerspace REIT (CSR) is poised for continued growth and value creation.

Centerspace REIT reports solid 2023 performance amidst 2024 growth challenges

Centerspace REIT (CSR) delivered strong financial performance in 2023, marked by core FFO growth and operational stability, supported by strategic portfolio actions.
While facing challenges in achieving targeted core FFO growth in 2024, the company's focus on expense management and revenue optimization presents opportunities for future growth.
Investors can benefit from Centerspace's consistent dividend increases, share buybacks, and proactive approach to portfolio management, signaling a commitment to long-term value creation.

Centerspace REIT (CSR) reports solid Q1 performance and eyes growth opportunities

Centerspace REIT (CSR) delivered a strong performance in Q1 2024, with positive lease-over-lease growth and solid earnings driven by expense management.
While facing challenges in revenue guidance and acquisition competition, the company maintains a flexible balance sheet and focuses on value-add programs.
Opportunities lie in higher lease pricing, stable financing, and strategic capital allocation decisions to drive future growth and financial strength.

Centerspace REIT reports robust Q3 earnings, eyes growth opportunities

Centerspace REIT (CSR) demonstrated strong financial performance in Q3 2024, with a positive outlook for future earnings.
While challenges like market rent softening and Denver market specifics were discussed, opportunities in lease renewals and revenue optimization were highlighted.
The company's strategic acquisitions and financial discipline position it well for continued growth and value creation.

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Centerspace is a real estate investment trust, which engages in the business of owning, managing, acquiring, developing, and redeveloping apartment communities. It operates under the Multifamily and All Other segments. The All Other segment includes non-multifamily properties and non-multifamily components of mixed-use properties. The company was founded on July 31, 1970 and is headquartered in Minot, ND.

Investors Real Estate Trust's (IRET) CEO Mark Decker on Q3 2020 Results - Earnings Call Transcript

Investors Real Estate Trust (IRET) delivered FFO and revenue surprises of 11.90% and 0.60%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Investors Real Estate Trust (IRET) Q3 FFO and Revenues Surpass Estimates

MINNEAPOLIS, Nov. 2, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today its financial and operating results for the quarter ended September 30, 2020. The tables below show Net Income, Funds from Operations ("FFO"), and Core FFO, all on a per share basis, for the three and nine months...

IRET Reports Third Quarter 2020 Financial and Operating Results

MINNEAPOLIS, Oct. 13, 2020 /PRNewswire/ -- IRET (NYSE: IRET) provides update on operating performance for September 2020 and announces that it will release its third quarter 2020 operating results after the market closes on Monday, November 2, 2020. Operating Performance Update IRET...

IRET Provides September Operating Update and Announces Date of 3rd Quarter 2020 Earnings Release

MINNEAPOLIS, Sept. 22, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today it has acquired Parkhouse Apartment Homes in Thornton, Colorado, for an aggregate purchase price of $144,750,000. Parkhouse, constructed in 2016, consists of 465 homes on 24.2 acres of land. Located in north...

IRET Announces Growth in Denver Market

MINNEAPOLIS, Sept. 4, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that its Board of Trustees declared a regular quarterly distribution of $0.70 per share/unit, payable on October 9, 2020, to common shareholders and unitholders of record at the close of business on September 30,.

IRET Announces Distributions for the 3rd Quarter of Calendar Year 2020

MINNEAPOLIS, Sept. 1, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that it sold four apartment communities consisting of 690 apartment homes in Grand Forks, North Dakota for an aggregate sale price of $42.5 million.

IRET Announces Sale of Select Assets - Continuing Portfolio Quality Improvement; Provides August Operating Update

Investors Real Estate Trust (IRET) CEO Mark Decker on Q2 2020 Results - Earnings Call Transcript

Investors Real Estate Trust (IRET) delivered FFO and revenue surprises of 3.41% and -2.67%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Investors Real Estate Trust (IRET) Surpasses Q2 FFO Estimates

MINOT, N.D., Aug. 3, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today its financial and operating results for the quarter ended June 30, 2020.

IRET Reports Second Quarter 2020 Financial and Operating Results

I like IRET's recent portfolio transformation and non-gateway market concentration. The stock price is just too high today.

Investors Real Estate Trust - Trading At An Unjustified Premium Due To COVID, Better Options Remain In Multifamily Industry

MINNEAPOLIS, July 14, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that it will release its second quarter 2020 operating results after the market closes on Monday, August 3, 2020 and provided a business update related to the impacts of COVID-19 on its multifamily operations....

IRET Announces Date of 2nd Quarter 2020 Earnings Release and Provides June Operating Performance Update

MINNEAPOLIS, June 29, 2020 /PRNewswire/ -- IRET (NYSE: IRET) is proud to announce that it has been recognized for the first time as a Top Workplace for 2020 by the Minneapolis Star Tribune. This distinction is given to Minnesota-based employers based on employee surveys of the workplace...

IRET Announces Recognition as Top Workplace for 2020

MINOT, N.D., June 5, 2020 /PRNewswire/ -- IRET (NYSE: IRET) announced today that its Board of Trustees declared a regular quarterly distribution of $0.70 per share/unit, payable on July 10, 2020, to common shareholders and unitholders of record at the close of business on June 30, 2020....

IRET Announces Distributions for the 2nd Quarter of Calendar Year 2020

MINNEAPOLIS, June 1, 2020 /PRNewswire/ -- IRET (NYSE: IRET) IRET is scheduled to present at Nareit's 2020 REITweek Virtual Investor Conference on June 2, 2020 at 1:40 PM ET. The presentation will be available to those registered to attend the conference. For those who are not able to...

IRET To Present at Nareit's 2020 REITweek Virtual Investor Conference and Provides May Operating Performance Update

MINNEAPOLIS, May 18, 2020 /PRNewswire/ -- IRET (NYSE: IRET) published today its 2019 Environmental, Social, and Governance (ESG) Report. This is IRET's inaugural ESG report designed to showcase its commitment to sustainability initiatives across the company. IRET is dedicated to its...

IRET Publishes Inaugural Environmental, Social, and Governance (ESG) Report for 2019

Investors Real Estate Trust (IRET) CEO Mark Decker on Q1 2020 Results - Earnings Call Transcript

Investors Real Estate Trust (IRET) delivered FFO and revenue surprises of 9.76% and -0.88%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Investors Real Estate Trust (IRET) Q1 FFO Top Estimates

Investors Real Estate Trust's (IRET) buyout of properties in well-connected locations at Minneapolis will likely generate higher cash flow and place the company well for a better growth trajectory.

IRET Powers Portfolio with Property Investments in Minneapolis

Investors Real Estate Trust (IRET) CEO Mark Decker on Q4 2019 Results - Earnings Call Transcript

Investors Real Estate Trust's (IRET) sell of 10 apartment communities comes as part of the company's portfolio-transformation efforts.

IRET Sells Assets, Exits Sioux Falls & Sioux City Markets

Investors Real Estate Trust's (IRET) CEO Mark Decker on Q3 2019 Results - Earnings Call Transcript

Investors Real Estate Trust's (IRET) buyout of properties in advantageous location in Denver and Minneapolis likely to result in higher-quality cash flow and position it for a better growth trajectory.

IRET Buys Property in Denver and Minneapolis, Exits Topeka

Investors Real Estate Trust (IRET) CEO Mark Decker on Q2 2019 Results - Earnings Call Transcript

Investors Real Estate Trust (IRET) CEO Mark Decker on Q1 2019 Results - Earnings Call Transcript

News for Centerspace REIT Stock (CSR)