Overview

* Centerspace ( CSR ) Q3 revenue grew 9.8% to $71.4 mln, beating analyst expectations

* Net income per share was $3.19, up from a loss of $0.40 last year

* Company acquired Railway Flats for $132.2 mln

Outlook

* Centerspace ( CSR ) lowers 2025 net income forecast to $1.97-$2.19 per share

Result Drivers

* PROPERTY TRANSACTIONS - Acquisition of Railway Flats and sale of St. Cloud properties impacted financial results

* SAME-STORE REVENUE - 2.4% increase in same-store revenue drove 4.5% increase in same-store NOI

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $71.40 $69.09

Revenue mln mln (6

Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the residential reits peer group is "buy"

* Wall Street's median 12-month price target for Centerspace ( CSR ) is $66.00, about 10.2% above its October 31 closing price of $59.25

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)