jimkruger/E+ via Getty Images Introduction Centerspace (NYSE:CSR) has substantially outperformed the Vanguard Real Estate Index Fund ETF (VNQ) so far in 2024, delivering a 32% gain against the ~9% total return for the benchmark ETF: CSR vs VNQ in 2024 (Seeking Alpha) I also covered the shares back in June 2024 arguing they were undervalued thanks to robust net operating income (NOI) growth, and an attractive enterprise-level valuation. After examining the REIT's Q2 2024 results I see that while leverage has ...

Centerspace (NYSE:CSR) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Josh Klaetsch - Investor Relations Anne Olson - President and Chief Executive Officer Bhairav Patel - Executive Vice President and Chief Financial Officer Grant Campbell - Senior Vice President, Investments Conference Call Participants Brad Heffern - RBC Capital Markets Rob Stevenson - Janney Connor Mitchell - Piper Sandler John Kim - BMO Capital Markets Mason Guell - Baird Operator Good morning and welcom ...

Over the last four quarters, the company has surpassed consensus FFO estimates four times. Centerspace shares have added about 20.9% since the beginning of the year versus the S&P 500's gain of 14.5%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately. It will be interesting to see ...

2nd Quarter 2024 // Quarter Ended June 30, 2024 Sunset Trail // Rochester, MN Exhibit 99.1 Centerspace Reports Second Quarter 2024 Financial Results and Raises Mid-Point for 2024 Core FFO per Share Guidance | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------|-------|-----------------------------------------------|----------|--------------|-------|---------------------------------------------|-------|-------------| | Per Common Share \nNet income (loss) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-35624 CENTERSPACE (Exact name of registrant as specified in its charter) | North Dakota | | | | 45-0311232 | | --- | ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------|------------------------------------|--------|---------------------|--------|---------------------|---------------------------|---------------|-------| | Per Common Share | Three Months Ended June 30, \n2024 | | \n2023 | | 2024 | Six Months Ended June 30, | 2023 | | | Net income (loss) - diluted | $ | (0.19) | $ | (0.23) | $ | (0.56) | $ 2.55 | | | FFO - diluted(1) | $ 1.23 | | $ 1.11 | | $ 2.39 | | $ 2.01 | | | Core FFO ...

MINNEAPOLIS, July 9, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the appointment of Jay Rosenberg to its Board of Trustees on July 8, 2024. Mr. Rosenberg will also serve on Centerspace's Nominating and Corporate Governance Committee. Mr. Rosenberg recently retired as Head of Public Real Assets for Nuveen, where he oversaw strategy, investment process and performance of the firm's listed real assets platform while also serving as a member of Nuveen's global investment committee. Additionally ...

MINNEAPOLIS, June 3, 2024 /PRNewswire/ --NYSE: CSR. Centerspace's Board of Trustees announced today that it has declared a regular quarterly distribution of $0.75 per share/unit, payable on July 10, 2024, to common shareholders and unitholders of record at the close of business on June 28, 2024. The Board of Trustees also declared a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE: CSR PRC), payable on June 28, 2024, to holders of record at the close o ...

People looking to own homes had a pretty average 2023. Prices of new homes and mortgage rates continued climbing. Monthly mortgage payments were hovering around unchartered territory. Aspiring, as well as existing homeowners, felt the heat in realtime. There is no doubt that the restrictive monetary policy imposed by the Fed to tackle inflation in the United States over the past two years has been primarily responsible for home prices rising alarmingly. However, with the first rate cut expected sometime lat ...

Centerspace (NYSE:CSR) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Josh Klaetsch - Investor Relations Anne Olson - President and Chief Executive Officer Bhairav Patel - Executive Vice President and Chief Financial Officer Grant Campbell - Senior Vice President, Investments Conference Call Participants Brad Heffern - RBC John Kim - BMO Capital Markets Rob Stevenson - Janney Connor Mitchell - Piper Sandler Michael Gorman - BTIG Operator Welcome to the Centerspace Q1 2024 E ...