Centerspace (CSR) Q1 2025 Earnings Call Transcript
Centerspace (NYSE:CSR ) Q1 2025 Earnings Conference Call May 2, 2025 1:00 PM ET Company Participants Josh Klaetsch - Director, IR Anne Olson - President & CEO Bhairav Patel - CFO Grant Campbell - SVP, Investments & Capital Markets Conference Call Participants Brad Heffern - RBC Capital Markets Ami Probandt - UBS Jamie Feldman - Wells Fargo Rob Stevenson - Janney Alexander Goldfarb - Piper Sandler Mason Guell - Baird Operator Good afternoon and thank you for attending today's Centerspace First Quarter 2025 Earnings Call. My name is Jaslyn, and I will be your moderator today.
Centerspace (CSR) Matches Q1 FFO Estimates
Centerspace (CSR) came out with quarterly funds from operations (FFO) of $1.21 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1.23 per share a year ago.
Centerspace: Shares Remain Attractive Even As NOI Growth Moderates
Centerspace is a residential REIT focused on apartment communities, primarily in Minnesota and Colorado. The company delivered a core FFO of $4.88/share in 2024, with a circa 2% increase forecast for 2025. NOI growth is set to moderate from 3.7% in 2024 to about 3.3% in 2025, although I estimate the underlying growth rate closer to 1.9%.
Centerspace (CSR) Q4 2024 Earnings Call Transcript
Centerspace (NYSE:CSR ) Q4 2024 Earnings Conference Call February 19, 2025 10:00 AM ET Company Participants Josh Klaetsch - Investor Relations Anne Olson - President and Chief Executive Officer Grant Campbell - Senior Vice President, Investments and Capital Markets Bhairav Patel - Chief Financial Officer Conference Call Participants Brad Heffern - RBC Capital John Kim - BMO Rob Stevenson - Janney Montgomery Rich Anderson - Wedbush Michael Gorman - BTIG Mason Guell - Baird Operator Hello, everyone, and welcome to the Centerspace Q4 2024 Earnings Call. My name is Ezra, and I will be your coordinator today.
Centerspace (CSR) Q4 FFO and Revenues Beat Estimates
Centerspace (CSR) came out with quarterly funds from operations (FFO) of $1.21 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to FFO of $1.22 per share a year ago.
Centerspace: Midwestern Apartments At A Discount
Centerspace is a Midwest-focused apartment REIT trading at a discount to peers, with strong near-term AFFO/share growth prospects not priced in. CSR's clever acquisition strategy, including using OP units, allows for accretive purchases in growth markets, enhancing long-term performance. The Midwest's stable rental market and CSR's significant presence in Minneapolis and Denver contribute to its outperformance in same-store NOI growth.
Centerspace: Attractively Valued Despite Signs Of Moderating Growth
Centerspace manages 13,014 apartments with a focus on Minnesota, Colorado, and North Dakota. Q3 2024 per share results were impacted by a capital increase to fund the redemption of the Series C preferred shares. Only 4% of all debt is variable rate, indicating limited benefits from Fed rate cuts.
Centerspace (CSR) Q3 2024 Earnings Call Transcript
Centerspace (NYSE:CSR ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Josh Klaetsch - IR Anne Olson - President and CEO Bhairav Patel - EVP and CFO Grant Campbell - SVP, Investments Conference Call Participants Brad Heffern - RBC Capital Markets John Kim - BMO Capital Markets Connor Mitchell - Piper Sandler Cooper Clark - Wells Fargo Rob Stevenson - Janney Michael Gorman - BTIG Mason Guell - Baird Operator Hello, everyone, and welcome to the Centerspace Q3 2024 Earnings Call. My name is Ezra, and I will be your coordinator today.
Centerspace (CSR) Q3 FFO Surpass Estimates
Centerspace (CSR) came out with quarterly funds from operations (FFO) of $1.18 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to FFO of $1.20 per share a year ago.
CSR or AMH: Which Is the Better Value Stock Right Now?
Investors interested in REIT and Equity Trust - Residential stocks are likely familiar with Centerspace (CSR) and American Homes 4 Rent (AMH). But which of these two stocks offers value investors a better bang for their buck right now?
Centerspace (CSR) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
Centerspace (CSR) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Centerspace: One Of The Cheapest Multifamily REITs
Centerspace focuses on residential properties in Minnesota and Colorado. Its portfolio should benefit from stable population growth and lower unemployment rates in key markets. With manageable leverage, adequate liquidity, and a well-structured debt maturity profile, Centerspace faces minimal solvency risk and offers an attractive forward AFFO yield.
