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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Centerspace (NYSE: CSR) has announced its plans to release operating results for the first quarter ended March 31, 2023, on May 1, 2023, after market close. A conference call to discuss these results will take place on May 2, 2023, at 10:00 AM ET. Interested parties can access the live webcast at the company’s investor relations website. Centerspace, a prominent owner and operator of apartment communities, operates 75 communities comprising 13,498 homes across several states, including Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. The company has been recognized as a Top Workplace for 2022 by the Minneapolis Star Tribune.
Centerspace (NYSE:CSR) announced the transition of Mark Decker, Jr. to Anne Olson as President and CEO, effective March 31, 2023, as part of a succession plan. Decker will remain on the Board of Directors until May and will serve as an advisor during the transition. Anne Olson, who has been with Centerspace since April 2017, previously held the position of Executive Vice President and COO. The company aims to enhance operational efficiency and quality of its portfolio, demonstrated by the recent $144 million in non-core asset sales, contributing to strengthening its balance sheet.
Centerspace has announced the sale of nine communities in Minnesota and Nebraska for a total of $144.3 million. This includes four communities in St. Cloud, two in the Omaha-Lincoln area, and three in the Minneapolis-St. Paul region, totaling 1,567 homes. Proceeds will be utilized to reduce outstanding debt, enhancing financial flexibility and lowering leverage. CEO Mark Decker highlighted the strategic timing of the sale, aligning with ongoing demand for affordable housing. This transaction is expected to bolster the company’s earnings potential and overall financial health.
Centerspace (NYSE: CSR) has declared a quarterly distribution of $0.73 per share, payable on April 10, 2023, to shareholders of record by March 31, 2023. Additionally, a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (CSR.PRC) will be paid on March 31, 2023, to holders on record by March 15, 2023. This reflects Centerspace's commitment to returning income to shareholders while managing its growing portfolio of 84 apartment communities across six states.
FAQ
What is the current stock price of Centerspace (CSR)?
What is the market cap of Centerspace (CSR)?
