MINNEAPOLIS, July 8, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) will release its operating results for the quarter ended June 30, 2025, after the market closes on Monday, August 4, 2025. Management will host a conference call to discuss those results on Tuesday, August 5, 2025, at 10:00 a.m. Eastern Time.Interested parties may access the conference call via the following:Live Conference Call Details:Live webcast: https://events.q4inc.com/attendee/863904623Operator Assisted Dial-In:United States (Local): + ...

Cyan Mallard Creek Charlotte, NC INVESTOR PRESENTATION June 2025 Table of Contents • Overview • Sector-Leading NOI Growth • Accretive Value-Add Renovations • Accretive Acquisitions • Demand Outpacing Supply • Housing Affordability Factor • IRT's Value Proposition for Renters • Class B Apartment Demand Inelasticity • Strong, Flexible Balance Sheet • Our Markets • Definitions & Non-GAAP Financial Measure Reconciliations • Forward Looking Statements INVESTMENT HIGHLIGHTS Our Simple Business Model of Operating ...

Core Viewpoint - Centerspace has made significant acquisitions in the multifamily real estate sector, expanding its portfolio and geographic presence, particularly in the Mountain West region [2][3]. Acquisition Details - The company acquired a community in Salt Lake City, UT, for $149 million, consisting of 341 homes in the desirable Sugar House submarket [1][2]. - Centerspace has signed an agreement to acquire a 420-home community in Fort Collins, CO, for approximately $132 million, with the closing expected in mid-June 2025 [3]. Portfolio Management - Centerspace is marketing its five-community portfolio in Saint Cloud, MN, indicating a strategic exit from that market [4]. - The company plans to market several communities from its Minneapolis portfolio for sale as part of its portfolio optimization strategy [4]. Financial Strategy - To enhance financial flexibility during these transactions, Centerspace has expanded its line of credit by $150 million, increasing the total borrowing capacity to $400 million [5]. - The company’s previous earnings guidance did not account for these acquisitions or dispositions, and it plans to provide updated guidance with its second quarter 2025 earnings release [6]. Dividend Announcement - Centerspace's Board of Trustees declared a regular quarterly distribution of $0.77 per share/unit, payable on July 10, 2025, to shareholders and unitholders of record by June 27, 2025 [7]. Company Overview - Centerspace is an owner and operator of apartment communities, currently owning 72 communities with a total of 13,353 homes across several states, including Colorado, Minnesota, and Utah [8].

Camden Property Trust (CPT) reported first-quarter 2025 core funds from operations (FFO) per share of $1.72, beating the Zacks Consensus Estimate of $1.68. The figure improved 1.2% year over year.The quarterly results reflect higher same-property revenues and same-property net operating income (NOI) and improved occupancy. CPT issued guidance for the second quarter and raised its full-year 2025 core FFO per share range.Property revenues in the quarter came in at $390.6 million, outpacing the Zacks Consensus ...

Core Insights - Centerspace reported a net loss of $0.22 per diluted share for Q1 2025, an improvement from a net loss of $0.37 per diluted share in Q1 2024 [2][5] - Funds from Operations (FFO) per diluted share increased slightly to $1.17 in Q1 2025 from $1.16 in Q1 2024, while Core FFO per diluted share decreased by 1.6% to $1.21 from $1.23 [2][5] - Same-store revenues rose by 3.5% year-over-year, contributing to a 2.1% increase in same-store Net Operating Income (NOI) [2][5] Financial Performance - Total revenue for Q1 2025 was $67.1 million, up by $2.6 million or 4.0% compared to $64.5 million in Q1 2024 [5] - Same-store expenses increased by 5.8% year-over-year, while same-store NOI saw a 2.1% increase [2][5] - The weighted average occupancy rate improved to 95.8% in Q1 2025 from 94.6% in Q1 2024 [2][5] Lease Metrics - New lease rate growth declined by 1.1% in Q1 2025, while renewal lease rate growth increased to 3.5% from 3.1% in Q4 2024 [2][5] - The retention rate dropped to 49.2% in Q1 2025 from 54.7% in Q4 2024 [2][5] Balance Sheet - As of the end of Q1 2025, Centerspace had total liquidity of $223.2 million, comprising $211.3 million available under lines of credit and $11.9 million in cash and cash equivalents [4] Updated Financial Outlook - Centerspace maintained its 2025 financial outlook, projecting same-store revenue growth between 1.50% and 3.50% and same-store NOI growth between 1.25% and 3.25% [7] - The updated outlook for FFO per diluted share remains between $4.73 and $4.97, and for Core FFO per diluted share between $4.86 and $5.10 [7]

Core Viewpoint - AvalonBay Communities (AVB) reported a strong first-quarter 2025 performance with core funds from operations (FFO) per share of $2.83, exceeding expectations and showing a year-over-year increase of 4.8% [1] Financial Performance - Total revenues for the quarter were $745.9 million, slightly missing the consensus estimate but reflecting a 4.6% increase year-over-year [2] - Same-store residential revenues rose 3% year-over-year to $693.1 million, while same-store residential operating expenses increased by 4% to $214.76 million, resulting in a 2.6% rise in same-store residential NOI to $478.3 million [3] - The same-store average revenue per occupied home increased to $3,032, up 2.9% from $2,946 in the prior year, with economic occupancy at 96%, a rise of 10 basis points year-over-year [4] Development and Acquisitions - As of March 31, 2025, AvalonBay had 19 wholly owned development communities under construction, expected to contain 6,595 apartment homes and 69,000 square feet of commercial space, with a total estimated capital cost of $2.5 billion [5] - In February 2025, AVB entered agreements to acquire eight apartment communities in Texas, acquiring two communities in Austin for $187 million and six communities in Dallas-Fort Worth for $431.5 million [6] Dispositions - During the quarter, AVB sold a community in Wilton, CT, for $65.1 million, resulting in a GAAP gain of $56.48 million, marking its exit from the Connecticut market [7] Balance Sheet Position - As of March 31, 2025, AVB had $53.26 million in unrestricted cash and no borrowings under its unsecured revolving credit facility, with outstanding borrowings of $224.9 million under its commercial paper note program [8] - The annualized net debt-to-core EBITDAre ratio for the January-March period was 4.3 times, with an unencumbered NOI of 95% for the year ended March 31, 2025 [8] 2025 Outlook - AvalonBay reaffirmed its full-year 2025 core FFO per share guidance between $11.14 and $11.64, with the current consensus estimate at $11.41 [9] - The company expects same-store residential revenue growth of 2-4% and operating expense increases of 3-5.2%, projecting same-store residential NOI expansion of 1.3-3.5% [9] - For Q2 2025, core FFO per share is expected to be in the range of $2.72-$2.82, lower than the current consensus estimate of $2.85 [10] Performance of Other Residential REITs - Equity Residential reported first-quarter 2025 normalized FFO per share of 95 cents, exceeding estimates, while Mid-America Apartment Communities reported core FFO per share of $2.20, surpassing expectations but showing a slight year-over-year decline [11]

UDR Inc. (UDR) reported first-quarter 2025 funds from operations as adjusted (FFOA) per share of 61 cents, in line with the Zacks Consensus Estimate. The figure remained unchanged year over year.Results reflect year-over-year growth in same-store net operating income (NOI), led by higher occupancy and an effective blended lease rate. However, a rise in other operating expenses and general and administrative expenses undermined the performance to an extent. The company reaffirmed its 2025 guidance.Quarterly ...