Centerspace

CSR

US15202L1070

Residential REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
64.59 ^USD	+0.40%		-0.46%	+10.98%

Apr. 10	RBC Boosts Price Target on Centerspace to $66 From $63, Keeps Outperform Rating	MT
Mar. 12	Baird Adjusts Price Target on Centerspace to $59 From $57, Keeps Neutral Rating	MT

Centerspace Reports Earnings Results for the Full Year Ended December 31, 2023

February 20, 2024 at 04:31 pm EST

Centerspace reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 261.31 million compared to USD 256.72 million a year ago. Net income was USD 41.97 million compared to net loss of USD 13.47 million a year ago.

Basic earnings per share from continuing operations was USD 2.33 compared to basic loss per share from continuing operations of USD 1.35 a year ago. Diluted earnings per share from continuing operations was USD 2.32 compared to diluted loss per share from continuing operations of USD 1.35 a year ago.

Latest news about Centerspace

RBC Boosts Price Target on Centerspace to $66 From $63, Keeps Outperform Rating	Apr. 10	MT
Baird Adjusts Price Target on Centerspace to $59 From $57, Keeps Neutral Rating	Mar. 12	MT
An unknown buyer acquired 136-unit Wingate Apartments in New Hope, Minnesota from Centerspace for $14.2 million.	Feb. 29	CI
An unknown buyer acquired 69-unit Southdale Parc Apartments in Richfield, Minnesota from Centerspace for $8.7 million.	Feb. 29	CI
Transcript : Centerspace, Q4 2023 Earnings Call, Feb 21, 2024	Feb. 21
Centerspace Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 20	CI
Tranche Update on Centerspace's Equity Buyback Plan announced on June 14, 2022.	Feb. 20	CI
Centerspace Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 20	CI
Centerspace Provides Earnings Guidance for the Year 2024	Feb. 20	CI
Centerspace Announces a Quarterly Distribution, Payable on April 8, 2024	Feb. 20	CI
Centerspace Appoints Ola Oyinsan Hixon to Board of Trustees	Jan. 25	CI
North American Morning Briefing : Central Bankers -2-	Jan. 17	DJ
RBC Upgrades Centerspace to Outperform From Sector Perform, Lifts Price Target to $63 From $58, Cites 'Underappreciated' Market Strength	Jan. 16	MT
Centerspace Maintains Quarterly Dividend of $0.73 a Share, Payable Jan. 12 to Shareholders as of Dec. 29	Dec. 01	MT
Centerspace Announces Declares Regular Quarterly Distribution, Payable on January 12, 2024	Dec. 01	CI
North American Morning Briefing : Higher Bond -2-	Nov. 07	DJ
Compass Point Upgrades Centerspace to Buy From Neutral, Price Target is $65	Nov. 06	MT
RBC Trims Price Target on Centerspace to $58 From $60, Keeps Sector Perform Rating	Nov. 01	MT
Transcript : Centerspace, Q3 2023 Earnings Call, Oct 31, 2023	23-10-31
Tranche Update on Centerspace's Equity Buyback Plan announced on June 14, 2022.	23-10-30	CI
Centerspace Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-30	CI
An unknown buyer acquired Four non-core apartment communities and associated commercial space in Minot from Centerspace for $82.5 million.	23-10-29	CI
RBC Adjusts Price Target on Centerspace to $60 From $67, Keeps Sector Perform Rating	23-10-19	MT
Centerspace Enters Fort Collins, Colorado, Property Market, Exits Minot, North Dakota	23-10-11	MT
Centerspace acquired Lake Vista Apartment Homes in Loveland, CO for $94.5 million.	23-10-10	CI

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

2024-04-28 - Q1 2024 Earnings Release

Related indices

Russell 2000

More about the company

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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

64.59 USD

Average target price

63.12 USD

Spread / Average Target

-2.27%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Residential REITs

	1st Jan change	Capi.
CENTERSPACE	+10.98%	962M
AVALONBAY COMMUNITIES, INC.	+2.26%	27.19B
EQUITY RESIDENTIAL	+6.51%	24.68B
INVITATION HOMES INC.	+1.79%	21.27B
ESSEX PROPERTY TRUST, INC.	-0.41%	15.85B
MID-AMERICA APARTMENT COMMUNITY, INC.	-3.89%	15.08B
SUN COMMUNITIES, INC.	-10.90%	14.84B
AMERICAN HOMES 4 RENT	+1.25%	13.34B
UDR INC.	-0.99%	12.48B
EQUITY LIFESTYLE PROPERTIES, INC.	-14.19%	11.29B

Residential REITs

Centerspace

Equities

CSR

US15202L1070

Residential REITs

Centerspace Reports Earnings Results for the Full Year Ended December 31, 2023

EPS Revisions