Centerspace Expands with Salt Lake City Acquisition

The latest update is out from Centerspace ( (CSR) ).

On May 30, 2025, Centerspace closed on its first acquisition in Salt Lake City for $149 million, marking its expansion into this market. The company also plans to acquire a community in Fort Collins, CO, and is marketing its Saint Cloud, MN, and parts of its Minneapolis portfolios for sale. These transactions are part of Centerspace’s strategy to enhance its Midwest and Mountain West multifamily REIT focus. Additionally, Centerspace increased its credit facility to $400 million to support these activities and declared a quarterly dividend of $0.77 per share/unit, payable on July 10, 2025.

The most recent analyst rating on (CSR) stock is a Hold with a $75.00 price target. To see the full list of analyst forecasts on Centerspace stock, see the CSR Stock Forecast page.

Spark’s Take on CSR Stock

According to Spark, TipRanks’ AI Analyst, CSR is a Neutral.

Centerspace’s overall score is supported by strong cash flows and a positive earnings call, highlighting operational improvements. However, profitability challenges and high leverage weigh on the score, alongside valuation concerns.

To see Spark’s full report on CSR stock, click here.

More about Centerspace

Centerspace is an owner and operator of apartment communities, focusing on integrity and service. Founded in 1970, it owns 72 apartment communities across Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. The company was recognized as a top workplace for five consecutive years by the Minneapolis Star Tribune.

Average Trading Volume: 99,855

Technical Sentiment Signal: Buy

Current Market Cap: $1.13B

For a thorough assessment of CSR stock, go to TipRanks’ Stock Analysis page.