Centerspace (CSR)

Centerspace's stock price declined by 17.99% between September 27, 2024, and September 26, 2025. In the first quarter of 2025, Centerspace reported a net loss of $0.22 per diluted share, with core FFO decreasing slightly by 1.6% year-over-year to $1.21 per diluted share. For the second quarter of 2025, Centerspace reported earnings per share (EPS) of $1.28, exceeding analysts' expectations, but posted a wider net loss of $0.87 per diluted share, while Core FFO increased by 0.8% to $1.28 per share. Centerspace announced a regular quarterly dividend of $0.77 per share, payable on July 10, 2025, and again on October 10, 2025. In April 2025, an analyst from Industrial Alliance Securities upgraded Centerspace's stock to "Outperform" with a price target of $77.00. As of October 2025, the stock has a consensus "Hold" rating from Wall Street analysts, with an average price target of $68.00. Centerspace is expected to announce its Q3 2025 earnings on November 3, 2025.

Demand for Centerspace's rental apartment units exhibits seasonality, and management has cautioned against extrapolating sequential results. New lease trade-outs seasonally slowed to -1.2% in a recent quarter. Centerspace anticipates an average occupancy of 95% for the full year, with current occupancy at 96% providing a strong position heading into the peak leasing season.

Centerspace is a publicly traded REIT specializing in the multifamily residential sector, focusing on ownership, management, acquisition, and redevelopment of apartment communities in select U.S. growth markets. The company operates within the Real Estate sector and the Multi-Family Residential REITs industry, generating revenue through monthly rent payments and ancillary income from fees and property sales.

Centerspace primarily operates in the Midwest and Mountain West regions of the United States. As of June 30, 2025, the company owned 72 apartment communities comprising 13,353 homes across Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. Centerspace expanded its presence by acquiring its first community in Salt Lake City, Utah, and signed an agreement to acquire a community in Fort Collins, Colorado. Concurrently, the company has begun marketing its five-community portfolio in the Saint Cloud, Minnesota, region for sale and plans to sell several communities from its Minneapolis portfolio.

Centerspace has maintained a positive brand reputation, being named a "top workplace" by the Minneapolis Star Tribune for the sixth consecutive year in 2025. The company demonstrates a commitment to ESG principles, publishing its 2024 ESG Report and its first TCFD report in August 2025. Centerspace highlighted achieving four out of five ESG goals two years ahead of schedule and improving its GRESB score from 63 to 70.

Centerspace's ownership is primarily composed of institutional shareholders, with approximately 84.71% institutional ownership. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, State Street Corp, Silvercrest Asset Management Group Llc, Macquarie Group Ltd, and Geode Capital Management, Llc. Individual insider ownership accounts for about 30.68% of the company, with Patrick G. Jones being the largest individual shareholder. Retail investors hold a smaller portion, approximately 0.00% according to one source, while another indicates around 38.43% is held by public companies and individual investors.