Earnings summaries and quarterly performance for CENTERSPACE.
Executive leadership at CENTERSPACE.
Board of directors at CENTERSPACE.
Research analysts who have asked questions during CENTERSPACE earnings calls.
Brad Heffern
RBC Capital Markets
4 questions for CSR
Also covers: ADC, AMH, AVB +15 more
Mason P. Guell
Baird
3 questions for CSR
Also covers: CPT, IRT, MAA +1 more
Ami Probandt
UBS
2 questions for CSR
Also covers: AVB, CPT, EQR +4 more
CM
Connor Mitchell
Piper Sandler & Co.
2 questions for CSR
Also covers: BRX, CHCT, CPT +8 more
John Kim
BMO Capital Markets
2 questions for CSR
Also covers: AIV, ALX, ARDX +32 more
MG
Michael Gorman
BTG Pactual
2 questions for CSR
Also covers: BNL, CTO, ELME +13 more
Robert Stevenson
Janney Montgomery Scott LLC
2 questions for CSR
Also covers: ADC, AHH, AIV +17 more
RS
Rob Stevenson
Janney Montgomery Scott
2 questions for CSR
Also covers: ADC, ALEX, CTO +8 more
Alexander Goldfarb
Piper Sandler
1 question for CSR
Also covers: ALEX, ALX, AVB +25 more
CC
Cooper Clark
Wells Fargo
1 question for CSR
Also covers: APLE, AVB, BRX +16 more
James Feldman
Wells Fargo
1 question for CSR
Also covers: AMH, ARE, AVB +16 more
Jamie Feldman
Wells Fargo & Company
1 question for CSR
Also covers: AMH, ARE, AVB +17 more
RA
Richard Anderson
Wedbush Securities
1 question for CSR
Also covers: AIV, ARE, AVB +25 more
Recent press releases and 8-K filings for CSR.
Centerspace Board Reviews Strategic Alternatives
CSR
M&A
Takeover Bid
- Centerspace's Board of Trustees initiated a review of strategic alternatives earlier this fall, considering options such as a sale, merger, or other business combinations, alongside continuing its independent business strategy.
- BMO Capital Markets Corp. is acting as Centerspace's financial advisor, and Wachtell, Lipton, Rosen & Katz is serving as legal counsel for this review.
- The company has not set a timetable for the review process and has not made any decisions regarding potential strategic alternatives at this time.
Nov 11, 2025, 9:55 PM
Centerspace Initiates Strategic Review, Considers Sale
CSR
M&A
Takeover Bid
- Centerspace (CSR) has initiated a strategic review process to explore potential options including a sale, merger, or other business combinations, engaging BMO Capital Markets and Wachtell, Lipton, Rosen & Katz as advisors.
- The company faces financial challenges, highlighted by a debt-to-equity ratio of 1.52, liquidity ratios of 0.53, and an Altman Z-Score indicating financial distress.
- Despite these financial struggles, Centerspace reported a strong EBITDA margin of over 71%, an operating margin of 9.2%, and a net margin of 11.35%.
- Following the announcement, Centerspace's stock price reacted positively, increasing by 6.4% in afternoon trading.
Nov 11, 2025, 1:22 AM
Centerspace (CSR) reports Q3 2025 operational updates, transaction activity, and 2025 financial outlook
CSR
Guidance Update
M&A
New Projects/Investments
- Centerspace (CSR) provided its 2025 financial outlook, projecting diluted FFO per share between $4.73 and $4.82 and Core FFO per share between $4.88 and $4.96 for the 12 months ended December 31, 2025.
- In 2025, the company completed $212.1 million in strategic dispositions in St. Cloud, MN, and Minneapolis, MN, and $281.2 million in acquisitions in Salt Lake City, UT, and Fort Collins, CO, enhancing its long-term portfolio returns and market exposures.
- For Q3 2025, same-store blended leasing spreads were 1.0%, with year-to-date blended spreads reaching 3.0% through November 3, 2025.
- Centerspace expanded its line of credit by $150 million to $400 million and reported a proforma Net Debt / Adjusted EBITDA of 7.3x.
Nov 10, 2025, 9:29 PM
Centerspace Reports Q3 2025 Results and Updates Full-Year Guidance
CSR
Earnings
Guidance Update
M&A
- Centerspace reported Q3 2025 core FFO of $1.19 per diluted share and 4.5% year-over-year same-store NOI growth.
- The company updated its full-year core FFO guidance to $4.88-$4.96 per share, with the midpoint lowered by $0.02 to $4.92, primarily due to timing adjustments for strategic transactions and associated G&A costs.
- Strategic capital recycling included the sale of the St. Cloud, Minnesota portfolio for $124 million and the anticipated sale of seven Minneapolis communities for $88.1 million, totaling approximately $212 million in recycled capital.
- Operationally, North Dakota saw 5.2% blended lease increases and Minneapolis had 2.1% blended increases in Q3, while Denver experienced 3.5% blended lease rate decreases due to supply pressures.
- Centerspace repurchased 63,000 shares at an average price of $54.86 per share during the quarter.
Nov 4, 2025, 3:00 PM
Centerspace Reports Q3 2025 Results and Updates 2025 Financial Outlook
CSR
Earnings
Guidance Update
M&A
- Centerspace reported net income of $3.19 per diluted share for Q3 2025, a significant improvement from a net loss of $(0.40) in the prior year period, with Core FFO per diluted share increasing 0.8% to $1.19.
- Same-store revenues for Q3 2025 increased by 2.4%, driving a 4.5% increase in same-store Net Operating Income (NOI) compared to Q3 2024.
- The company updated its 2025 financial outlook, with revised diluted net income per share ranging from $1.97 to $2.19 and diluted FFO per share ranging from $4.73 to $4.82.
- During Q3 2025, Centerspace acquired Railway Flats for $132.2 million and sold five apartment communities for $124.0 million, in addition to repurchasing 62,973 common shares for $3.5 million.
Nov 3, 2025, 9:34 PM
Centerspace Reports Q3 2025 Results and Updates 2025 Outlook
CSR
Earnings
Guidance Update
M&A
- Centerspace reported Net income of $3.19 per diluted share and Core FFO of $1.19 per diluted share for the three months ended September 30, 2025.
- Revenue for Q3 2025 increased by 9.8% to $71.4 million compared to the prior year, with same-store revenues increasing by 2.4% and same-store Net Operating Income (NOI) increasing by 4.5%.
- During Q3 2025, the company acquired Railway Flats for $132.2 million, sold five apartment communities for $124.0 million, and repurchased 62,973 common shares for $3.5 million.
- The company updated its 2025 financial outlook, projecting diluted Net income per Share between $1.97 and $2.19, and diluted FFO per Share between $4.73 and $4.82. Same-Store NOI is now expected to be between 3.00% and 3.50%.
Nov 3, 2025, 9:30 PM
Centerspace Completes Sale of St. Cloud Communities
CSR
M&A
New Projects/Investments
- Centerspace (CSR) completed the disposition of five communities comprising 832 homes in St. Cloud, MN, for an aggregate sale price of $124.0 million.
- This transaction marks the company's exit from the St. Cloud market and is part of a larger portfolio repositioning strategy.
- The proceeds from this sale will be used to decrease leverage and for general corporate purposes.
- A planned disposition of seven communities in Minneapolis is also on track for an expected closing in Q4 2025.
Sep 23, 2025, 8:30 PM
Quarterly earnings call transcripts for CENTERSPACE.
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