Centerspace Stock Price, News & Analysis

Centerspace has declared a quarterly dividend of $0.73 per share, payable on January 12, 2023, to shareholders of record as of January 2, 2023. Additionally, the company will distribute $0.4140625 per share on its 6.625% Series C Cumulative Redeemable Preferred Shares, with payment on December 30, 2022, to holders of record by December 15, 2022. These dividends reflect Centerspace’s commitment to returning value to its investors and maintaining a steady income stream from its operations across 84 apartment communities.

Centerspace (NYSE: CSR) announced the closing of a $100 million term loan with PNC Bank on November 22, 2022. The loan bears a floating interest rate of 1.20% to 1.75% over the Secured Overnight Financing Rate (SOFR) and has a term of one year with a possible one-year extension. Proceeds will be used to repay part of the existing credit facility. According to President and CEO Mark O. Decker, this financing enhances the company's capacity and flexibility amidst a challenging capital markets environment.

Centerspace (NYSE: CSR) released its financial results for Q3 and YTD September 30, 2022. It reported a net loss of $0.14 per diluted share, a significant improvement from a loss of $0.79 per share a year prior. Funds from Operations (FFO) rose to $1.13 per share, up from $0.60, while Core FFO increased 17.3% to $1.15. Same-store revenues grew by 11.1%, with a 11.4% rise in Net Operating Income (NOI). The company revised its 2022 outlook, projecting a net loss of $0.50 to $0.41 per diluted share, influenced by rising costs and recent acquisitions.

Centerspace (NYSE: CSR) will release its operating results for the quarter ending September 30, 2022, after the market closes on October 31, 2022. A conference call is scheduled for November 1, 2022, at 10:00 AM ET to discuss these results. Interested parties can access the call via a live webcast. Centerspace operates 83 apartment communities across six states, focusing on providing quality homes. For further information, visit www.centerspacehomes.com.

Centerspace (NYSE: CSR) announced a revised payable date for its regular quarterly distribution of $0.73 per share/unit, now set for October 11, 2022. This distribution will be available to common shareholders and unitholders of record as of September 30, 2022. The company manages 83 apartment communities with 14,838 homes across several states, including Colorado and Minnesota. Centerspace was recognized as a Top Workplace for 2022 by the Minneapolis Star Tribune.

Centerspace announced a quarterly distribution of $0.73 per share/unit, set to be paid on October 10, 2022, to shareholders recorded by September 30, 2022. Additionally, a distribution of $0.4140625 per share on the 6.625% Series C Preferred Shares will be paid on September 30, 2022, for holders recorded by September 15, 2022. The annual rate for Series C is $1.65625 per share. Centerspace operates 83 apartment communities across several states, emphasizing integrity and service.

Centerspace (NYSE: CSR) released its 2021 Environmental, Social, and Governance (ESG) Report, marking its third annual publication. The report emphasizes the company's dedication to sustainable practices within the multifamily sector, building on the insights from a 2020 materiality assessment. Centerspace initiated its participation in the GRESB framework for sustainability benchmarking in 2021. The company aims to enhance safety, well-being, and financial transparency. CEO Mark O. Decker, Jr. expressed commitment to continual improvement and operational stewardship of resources.

Centerspace (NYSE: CSR) reported its Q2 2022 financial results, showing a net loss of $0.30 per diluted share, compared to a net income of $1.48 per share in Q2 2021. Core FFO rose by 14.3% to $1.12 per diluted share. Same-store revenues increased 11.7% year-over-year, contributing to an 11.5% rise in NOI. Centerspace revised its 2022 outlook, adjusting the net loss guidance to a range of $0.31 to $0.14 and increasing the same-store NOI growth guidance to 10.0% to 12.0%. As of June 30, the company held $196.2 million in liquidity.

Centerspace (NYSE: CSR) will report its operating results for the quarter ending June 30, 2022, after market close on August 1, 2022. A conference call to discuss these results is scheduled for August 2, 2022, at 10:00 AM ET. Interested parties can access the call via a live webcast. Centerspace operates 83 apartment communities, providing 14,838 homes across several states, including Colorado and Minnesota. The company was recognized as a Top Workplace for 2022 by the Minneapolis Star Tribune.