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Centerspace (CSR)
NYSE:CSR
Earnings Data
Report Date
May 04, 2026After Close (Not Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.38Last Year’s EPS
-0.22Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized operational resilience, solid same-store NOI performance, disciplined transactions, and stronger liquidity — offset by market-specific pressures (notably Denver), a decline in new-lease spreads and occupancy, regulatory headwinds in Colorado, and cautious near-term capital deployment during an ongoing strategic review. Management expects modest revenue growth in 2026 but higher expense assumptions and flat core FFO guidance at midpoint, reflecting a measured stance into the year.Company Guidance
Strong Same-Store NOI and Q4 Performance
Q4 same-store NOI increased 4.8% year-over-year (Bhairav), and full-year same-store NOI grew 3.5% (Anne), reflecting steady occupancy and expense discipline driving outperformance versus peers.
Q4 Core FFO and FY Guidance
Reported Q4 core FFO of $1.25 per diluted share. 2026 guidance expects full-year core FFO per diluted share to be roughly stable with a midpoint of $4.93.
Revenue and Expense Dynamics in Q4
Same-store revenues increased 1.0% YoY in Q4 driven by a 1.5% rise in average monthly revenue per occupied home, while same-store expenses declined 5.1% YoY due to lower repairs & maintenance, reduced admin & marketing, and favorable tax assessments.
Leasing and Retention Trends
Blended leasing spreads up 10 basis points in the quarter; renewal spreads posted highest growth of the year at 3.9%. Renewal trade-outs expected in the high-2% range for 2026; portfolio retention was 55.2% in Q4 and 58.2% for the full year.
Active, Disciplined Portfolio Transactions
Executed $493 million of transaction activity in 2025 including entry into Salt Lake City, Fort Collins expansion, exit from St. Cloud and selective pruning in Minneapolis — improving portfolio diversification and operating metrics.
Balance Sheet and Liquidity Strengthened
Expanded unsecured credit facility by $150 million, assumed $76 million of attractively priced long-term debt, repurchased 3.5 million common shares, and ended the quarter with ~ $268 million of cash and line availability versus $99.2 million of debt maturing in the next 2 years. Net debt/EBITDA improved to 7.5x; weighted average debt rate 3.6% and maturity 6.9 years.
Measured Capital Allocation and Lower near-term CapEx
2026 value-add guidance narrowed to $2.5M–$12.5M with recurring CapEx per home ~$1,300 at midpoint; company is selectively pausing or staging projects due to cost of capital and the ongoing strategic review, preserving optionality.
Market-Level Strength in Midwestern and Select Markets
Positive blended rent increases in Minneapolis (+1.1%) and strong quarter performance in North Dakota (+4.5%) driven by favorable absorption and resident affordability; management expects Midwest momentum in 2026.
CSR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CSR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $62.87 | $63.52 | +1.03% |
Nov 03, 2025 | $58.33 | $59.68 | +2.32% |
Aug 04, 2025 | $53.09 | $52.66 | -0.83% |
May 01, 2025 | $57.93 | $59.17 | +2.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Centerspace (CSR) report earnings?
Centerspace (CSR) is schdueled to report earning on May 04, 2026, After Close (Not Confirmed).
What is Centerspace (CSR) earnings time?
Centerspace (CSR) earnings time is at May 04, 2026, After Close (Not Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSR EPS forecast?
CSR EPS forecast for the fiscal quarter 2026 (Q1) is -0.38.