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) is a real estate investment trust (REIT) focused on owning and operating apartment communities, and its news flow reflects both operating performance and portfolio activity. This page aggregates news releases and updates related to Centerspace’s multifamily portfolio, financial results, ESG reporting, and strategic decisions.
Company news frequently covers quarterly financial and operating results, where Centerspace reports metrics such as Net Income or Net Loss per diluted share, Funds from Operations (FFO), Core FFO, Net Operating Income (NOI), same-store revenues and expenses, occupancy, lease rate growth, and resident retention. Earnings releases are often accompanied by details on conference calls and webcasts for investors.
Another recurring theme in Centerspace’s news is portfolio transactions. The company has announced acquisitions of apartment communities in markets such as Salt Lake City, Utah and Loveland, Colorado, as well as dispositions like the sale of five communities in the St. Cloud, Minnesota market, which marked its exit from that market. These updates provide insight into the company’s ongoing portfolio repositioning and capital allocation decisions.
Centerspace also issues news about its dividend distributions, with its Board of Trustees declaring regular quarterly distributions to common shareholders and unitholders. In addition, the company publishes announcements on its Environmental, Social, and Governance (ESG) efforts, including annual ESG reports, a Task Force on Climate Related Financial Disclosures (TCFD) report, and progress toward ESG goals.
Strategic developments, such as the Board of Trustees’ review of strategic alternatives, are also communicated through news releases. Investors and observers can use this news page to follow Centerspace’s reported financial performance, portfolio changes, ESG initiatives, dividend declarations, and strategic reviews over time.
Centerspace (NYSE: CSR), an apartment community owner and operator, reported mixed Q2 2025 financial results. The company posted a net loss of $0.87 per diluted share, wider than the $0.19 loss in Q2 2024, while Core FFO increased 0.8% to $1.28 per share.
Key operational highlights include a 2.7% increase in same-store revenues and a 2.9% rise in same-store NOI. The company maintained strong occupancy at 96.1% with a 2.4% blended lease rate growth. Centerspace expanded its portfolio by acquiring Sugarmont in Salt Lake City for $149.0 million and Railway Flats in Loveland, CO for $132.2 million.
The company updated its 2025 outlook, projecting Core FFO per share of $4.88-$5.00 and same-store NOI growth of 2.50%-3.50%, reflecting improved operational expectations.
Centerspace (NYSE: CSR), a prominent apartment community owner and operator, has scheduled its Q2 2025 earnings release for Monday, August 4, 2025, after market close. The company will host a conference call to discuss results on Tuesday, August 5, 2025, at 10:00 a.m. Eastern Time.
Centerspace currently owns 72 apartment communities with 13,353 homes across seven states: Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. The company, founded in 1970, has been recognized as a top workplace by the Minneapolis Star Tribune for six consecutive years through 2025.
Centerspace (NYSE: CSR), an owner and operator of apartment communities, has scheduled its Q1 2025 earnings release for Thursday, May 1, 2025, after market close. The company will host a conference call to discuss results on Friday, May 2, 2025, at 1:00 p.m. Eastern Time.
Centerspace currently owns 71 apartment communities with 13,012 homes across Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. The company, founded in 1970, was recognized as a top workplace for the fifth consecutive year in 2024 by the Minneapolis Star Tribune.
Centerspace (NYSE: CSR) announced that Jeff Caira will retire from his positions as trustee, chair of the Nominating and Governance Committee, and member of the Audit Committee at the conclusion of the 2025 Annual Meeting of Shareholders on May 14, 2025.
Caira, who was appointed in 2015, served as Board Chair during his tenure and provided leadership through the company's transition to pure-play multifamily operations. The company has recently undergone board refreshment, adding two new members in January and July 2024, while another trustee retired in May 2024.
Centerspace (NYSE: CSR) reported financial results for 2024 and provided 2025 outlook. The company recorded a net loss of $1.27 per diluted share in 2024, compared to net income of $2.32 per share in 2023. Core FFO increased 2.1% to $4.88 per diluted share.
Same-store NOI grew 3.7% year-over-year, driven by 3.3% revenue growth. The company issued 1.6 million common shares raising $112.6 million at $71.66 per share, using proceeds to redeem Series C preferred shares worth $97.0 million. Centerspace acquired a 129-home Denver property for $54 million and sold two non-core properties for $19.0 million.
For 2025, Centerspace projects net loss per share between ($0.71) and ($0.45), and Core FFO per share between $4.86 and $5.10. The company declared a quarterly dividend of $0.77 per share, payable April 8, 2025.
Centerspace (NYSE: CSR), an owner and operator of apartment communities, has scheduled its Q4 2024 earnings release for Tuesday, February 18, 2025, after market close. The company will host a conference call to discuss the results on Wednesday, February 19, 2025, at 10:00 a.m. Eastern Time.
Centerspace currently owns 71 apartment communities with 13,012 homes across Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. The company was recognized as a top workplace for the fifth consecutive year in 2024 by the Minneapolis Star Tribune.
Centerspace (NYSE: CSR) has disclosed its tax treatment details for 2024 distributions on common and preferred shares. For common shares, the total distribution was $2.98 per share, comprising $1.24 in ordinary taxable dividends and $1.74 in nondividend distributions. The company paid quarterly dividends of $0.73 (Q1) and $0.75 (Q2-Q4).
For Series C Preferred Shares, CSR distributed $1.24 per share annually, paid in quarterly installments of $0.414 each, all classified as ordinary taxable dividends. Centerspace, founded in 1970, currently owns and operates 71 apartment communities with 13,012 homes across six states including Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota.