Centerspace Q2 revenue misses estimates - CSR News | Rallies
Centerspace Q2 revenue misses estimates C CSR • 2026-08-03 Outlook
Centerspace lowers 2026 FFO per share outlook to $4.37-$4.50 from $4.65-$4.92
Company expects 2026 Core FFO per share of $4.58-$4.68, down from prior $4.81-$5.05
Centerspace sees 2026 same-store NOI growth between -1.0% and 0.0%
Company expects 2026 same-store revenue growth of 0.0% to 1.0%
Overview
U.S. apartment operator's Q2 revenue fell 4% yr/yr and missed analyst expectations
Net loss per share narrowed sharply from prior yr, mainly due to prior yr impairment
Core FFO per share declined 0.8% yr/yr, reflecting impact of prior apartment sales
Key details Metric Beat/Miss Actual Consensus Estimate Q2 Revenue Miss $65.80 mln $66.64 mln (8 Analysts) Q2 Loss Per Share $0.07 Q2 Core FFO Per Share $1.27
PROPERTY SALES - Co said Q2 revenue and Core FFO per share declined mainly due to sale of apartment communities in prior yr
PORTFOLIO CHANGES - Modest increase in same-store NOI driven by largely unchanged same-store revenues and expenses after annual composition updates
CASUALTY LOSS - Decreased casualty loss partially offset decline in Core FFO per share
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "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 $65.00, about 18.5% above its July 31 closing price of $54.84 SPY
•
2026-08-03
CSR•
