Overview
Apartment community owner reported net income of $1.02 per share, up from a loss last year
Core FFO increased to $4.93 per share, slightly up from last year
Company acquired two apartment communities and sold 13 non-core properties
Outlook
Centerspace projects 2026 net income per share between $(0.49) and $(0.19)
Company expects 2026 FFO per share between $4.61 and $4.89
Centerspace anticipates 2026 Core FFO per share between $4.81 and $5.05
Result Drivers
SAME-STORE NOI GROWTH - Same-store NOI increased by 3.5% driven by a 2.4% rise in same-store revenues
PROPERTY TRANSACTIONS - Co acquired two apartment communities and sold 13 non-core properties, impacting financial results
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS | -$1.10 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "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 3.8% above its February 13 closing price of $63.57
Press Release: ID:nPnC9LG4a
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(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.)