Welcome to our dedicated page for Centerspace news (Ticker: CSR), a resource for investors and traders seeking the latest updates and insights on Centerspace stock.
Centerspace (NYSE: CSR), a real estate investment trust specializing in apartment communities, provides this dedicated news hub for stakeholders seeking timely updates on its operations. Track official announcements covering property acquisitions, redevelopment initiatives, financial performance, and community-focused strategies that shape its residential portfolio.
This resource consolidates Centerspace's latest developments, offering investors and analysts a clear view of its market position in the multi-family housing sector. Users will find press releases related to earnings reports, property management innovations, and strategic growth efforts across midwestern markets and beyond.
Discover updates on Centerspace's resident-centric approach, including sustainability practices and operational enhancements that maintain its reputation for quality living spaces. The curated news flow supports informed decision-making while reflecting the company's commitment to transparent communication.
Bookmark this page to stay current with Centerspace's evolving role in the REIT sector, where integrated property management and value-driven redevelopment remain central to its success.
Centerspace (NYSE: CSR) has announced several key financial decisions. The company declared a quarterly dividend of $0.75 per share/unit, payable on October 10, 2024, to shareholders of record as of September 30, 2024. Additionally, a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares was declared, payable on September 30, 2024.
Notably, Centerspace plans to redeem all outstanding shares of its 6.625% Series C Cumulative Redeemable Preferred Stock on September 30, 2024, at $25.00 per share plus accrued dividends, totaling approximately $98.64 million. This redemption is primarily funded through the issuance of common shares under the company's ATM program, with approximately 1.36 million shares sold year-to-date, raising about $97.28 million before fees.
Centerspace (NYSE: CSR), a multifamily real estate company, has released its 2024 Environmental, Social, and Governance (ESG) Report. This marks the company's fifth annual report since establishing its ESG Committee in 2019. Key accomplishments for 2023 include:
- Aligning the report with GRI's 2024 Universal Standards and Topic Standards
- Achieving 81% energy usage data coverage, surpassing the 2027 goal of 75%
- Completing the second GRESB submission
- Launching a Manager in Training program
Centerspace, which owns 70 apartment communities with 12,883 homes across six states, emphasizes its commitment to sustainable practices, resource stewardship, and responsible operations in the real estate industry.
Centerspace (NYSE: CSR) reported its Q2 2024 financial results and raised its 2024 Core FFO per share guidance. Key highlights include:
- Net loss of $0.19 per diluted share for Q2 2024, compared to $0.23 loss in Q2 2023
- Core FFO per diluted share increased 5.5% to $2.49 for H1 2024
- Same-store revenues up 3.4% and NOI up 2.4% in Q2 2024 vs Q2 2023
- Issued 110,000 common shares for $7.7 million in Q2 2024
- Total liquidity of $222.3 million at quarter-end
- Revised 2024 outlook: Core FFO per share guidance raised to $4.78-$4.92
The company also amended its Unsecured Credit Facility, extending maturity to July 2028, and sold additional shares post-quarter end.
Centerspace (NYSE: CSR) has appointed Jay Rosenberg to its Board of Trustees, effective July 8, 2024. Rosenberg, a retired Head of Public Real Assets at Nuveen, brings nearly three decades of investment management and real estate experience. He will also serve on the Nominating and Corporate Governance Committee. Centerspace President and CEO Anne Olson expressed confidence in Rosenberg's contributions, emphasizing his extensive knowledge in public real estate and investment strategies. Board Chair John Schissel highlighted Rosenberg's public company experience and successful track record in real estate as assets to Centerspace's growth.
Centerspace, established in 1970, operates 70 apartment communities with 12,883 homes across six states. The company was named a top workplace for the fifth consecutive year in 2024.
Centerspace (NYSE: CSR) will announce its Q2 2024 earnings on July 29, 2024, after market close.
A conference call to discuss the results will be held on July 30, 2024, at 10:00 a.m. Eastern Time.
Centerspace owns and operates 70 apartment communities, totaling 12,883 homes across six states: Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota.
The company has been recognized as a top workplace for five consecutive years.
For more information, contact Josh Klaetsch, Investor Relations, at (701) 837-7104 or IR@centerspacehomes.com.
Centerspace (NYSE: CSR) announced a quarterly dividend of $0.75 per share for common shareholders, payable on July 10, 2024, to those on record as of June 28, 2024. Additionally, the Board declared a distribution of $0.4140625 per share for its 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE: CSR PRC), payable on June 28, 2024, to holders on record as of June 14, 2024. Series C distributions are cumulative and paid quarterly at an annual rate of $1.65625 per share. Centerspace owns 70 apartment communities across 6 states and emphasizes integrity and service. The company was recognized for diversity, equity, and inclusion in 2022.
Centerspace reported its first-quarter 2024 financial results, with a decrease in net loss and an increase in Core FFO per diluted share. The company successfully sold non-core assets, repurchased common shares, and revised its 2024 financial outlook, raising the mid-point for Core FFO per share. Centerspace also announced participation in upcoming conferences.
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