Centerspace (NYSE: CSR) — Company Overview, News & Financial Data
Centerspace specializes in owning and managing residential communities in the Midwest and Mountain West regions.
Centerspace
Centerspace (NYSE:CSR) focuses on owning, developing, and managing residential communities. Traded on the New York Stock Exchange, Centerspace is recognized by its ticker (NYSE:CSR). The company operates primarily in the Midwest and Mountain West regions, managing a diverse portfolio of apartment communities aimed at a wide range of residents. Centerspace is committed to providing high-quality living spaces and exceptional service to its tenants. Projects range from new developments to the revitalization of existing properties, with objectives centered on sustainability, community building, and long-term value creation. The company aims to enhance resident experiences and maximize property performance through innovative management strategies and continuous improvement initiatives.
Snapshot
Operations
Products and/or services of Centerspace
- Residential Property Development: Specializes in acquiring, developing, and managing multifamily properties, focusing on high-demand urban areas to maximize returns.
- Property Management: Offers comprehensive property management services, ensuring high occupancy rates, tenant satisfaction, and property maintenance.
- Real Estate Investment: Provides opportunities for investors to participate in real estate ventures with a focus on long-term growth and stable returns.
- Affordable Housing Initiatives: Develops and supports affordable housing projects to address housing shortages and promote community development.
- Sustainability Projects: Integrates green building practices and energy-efficient technologies to promote environmental responsibility.
- Tenant Services: Offers a range of tenant services, including online rental payments, maintenance requests, and community events to enhance living experiences.
Centerspace executive team
- Anne M. OlsonPresident, CEO, Secretary & Executive Trustee
- Bhairav PatelExecutive VP & CFO
- Steven VargasSenior Vice President of Operations
- Grant P. CampbellSenior Vice President of Investments & Capital Markets
- Julie EllisSenior VP & Chief Accounting Officer
- Kelly WeberSenior VP & Chief Administrative Officer
- Joshua M. KlaetschHead of Investor Relations
- Susan J. PicotteSenior Vice President of Asset Management & Operations Support
- Julie LetnerSenior Vice President of Talent & Culture
- Brad AbelSenior Vice President of Information Technology
Latest news about Centerspace
Dividend history
Dividends per share paid by Centerspace, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2026(to date) | — | — | — | $2.3100 |
| FY2025 | — | — | — | $3.0800 |
| FY2024 | — | — | — | $3.0000 |
| FY2023 | — | — | — | $2.9200 |
| FY2022 | — | — | — | $2.9200 |
Key financials
Reported results for Centerspace, in USD.
- Market cap
- 1B
- Revenue (TTM)
- 268.9M
- P/E ratio
- 44.8
- EPS (diluted, TTM)
- 1.3
- Dividend yield
- 5.5%
- Profit margin
- 8.1%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 353.1M | 103.1M | 17.6M | |
| 261M | 20.5M | -10.7M | |
| 261.3M | 84.5M | 42M | |
| 256.7M | 13.9M | -13.5M |