Apartment REIT Centerspace's Q3 revenue rises 9.8%, beats estimates

Reuters

Nov 04

Apartment REIT <a href="https://laohu8.com/S/CSR">Centerspace</a>'s Q3 revenue rises 9.8%, beats estimates

Overview

Centerspace 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 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/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$71.40 mln	$69.09 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 is $66.00, about 10.2% above its October 31 closing price of $59.25

Press Release: ID:nPnbnTsVpa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2580771225"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2580771225\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2580771225?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-04 05:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2580771225","market":"nz","top_or_hot":-1,"title":"Apartment REIT Centerspace's Q3 revenue rises 9.8%, beats estimates","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Apartment REIT <a href=\"https://laohu8.com/S/CSR\">Centerspace</a>'s Q3 revenue rises 9.8%, beats estimates</title></head><body><p><span>Overview</span></p><ul><li><p>Centerspace Q3 revenue grew 9.8% to $71.4 mln, beating analyst expectations</p></li><li><p>Net income per share was $3.19, up from a loss of $0.40 last year</p></li><li><p>Company acquired Railway Flats for $132.2 mln</p></li></ul><p><span>Outlook</span></p><ul><li><p>Centerspace lowers 2025 net income forecast to $1.97-$2.19 per share</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>PROPERTY TRANSACTIONS - Acquisition of Railway Flats and sale of St. Cloud properties impacted financial results</p></li><li><p>SAME-STORE REVENUE - 2.4% increase in same-store revenue drove 4.5% increase in same-store NOI</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Revenue</p></td><td><p>Beat</p></td><td><p>$71.40 mln</p></td><td><p>$69.09 mln (6 Analysts)</p></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>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\"</p></li><li><p>The average consensus recommendation for the residential reits peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for Centerspace is $66.00, about 10.2% above its October 31 closing price of $59.25</p></li></ul><p>Press Release: <span>ID:nPnbnTsVpa</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(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.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apartment REIT Centerspace's Q3 revenue rises 9.8%, beats estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApartment REIT Centerspace's Q3 revenue rises 9.8%, beats estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-04 05:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Apartment REIT <a href=\"https://laohu8.com/S/CSR\">Centerspace</a>'s Q3 revenue rises 9.8%, beats estimates</title></head><body><p><span>Overview</span></p><ul><li><p>Centerspace Q3 revenue grew 9.8% to $71.4 mln, beating analyst expectations</p></li><li><p>Net income per share was $3.19, up from a loss of $0.40 last year</p></li><li><p>Company acquired Railway Flats for $132.2 mln</p></li></ul><p><span>Outlook</span></p><ul><li><p>Centerspace lowers 2025 net income forecast to $1.97-$2.19 per share</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>PROPERTY TRANSACTIONS - Acquisition of Railway Flats and sale of St. Cloud properties impacted financial results</p></li><li><p>SAME-STORE REVENUE - 2.4% increase in same-store revenue drove 4.5% increase in same-store NOI</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Revenue</p></td><td><p>Beat</p></td><td><p>$71.40 mln</p></td><td><p>$69.09 mln (6 Analysts)</p></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>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\"</p></li><li><p>The average consensus recommendation for the residential reits peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for Centerspace is $66.00, about 10.2% above its October 31 closing price of $59.25</p></li></ul><p>Press Release: <span>ID:nPnbnTsVpa</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(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.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4215","symbol_name":"住宅房地产投资信托","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251103:nL1N3WF13Y:1","article_id":"2580771225","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580771225","pubTimestamp":1762206017,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Apartment REIT Centerspace's Q3 revenue rises 9.8%, beats estimatesOverviewCenterspace Q3 revenue grew 9.8% to $71.4 mln, beating analyst expectationsNet income per share was $3.19, up from a loss of ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4215":"住宅房地产投资信托","CSR":"Centerspace"},"translate_title":"公寓房地产投资信托基金Centerspace第三季度收入增长9.8%，超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CSR":0.9},"content_text":"Apartment REIT Centerspace's Q3 revenue rises 9.8%, beats estimatesOverviewCenterspace Q3 revenue grew 9.8% to $71.4 mln, beating analyst expectationsNet income per share was $3.19, up from a loss of $0.40 last yearCompany acquired Railway Flats for $132.2 mlnOutlookCenterspace lowers 2025 net income forecast to $1.97-$2.19 per shareResult DriversPROPERTY TRANSACTIONS - Acquisition of Railway Flats and sale of St. Cloud properties impacted financial resultsSAME-STORE REVENUE - 2.4% increase in same-store revenue drove 4.5% increase in same-store NOIKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueBeat$71.40 mln$69.09 mln (6 Analysts)Analyst CoverageThe 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 is $66.00, about 10.2% above its October 31 closing price of $59.25Press Release: ID:nPnbnTsVpaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}