Centerspace: Increased 2024 Outlook As Occupancy Recovers

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 ...