CSR Earnings Prediction
The chart below shows how CSR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CSR sees a +1.68% change in stock price 10 days leading up to the earnings, and a +1.32% change 10 days following the report. On the earnings day itself, the stock moves by -0.30%. This data can give you a slight idea of what to expect for the next quarter's release.
CSR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
65.03M
0.71%
-0.03%
Gross Margin
16.82%
-8.04%
-13.57%
Operating Margin
9.13%
-16.92%
-22.89%
Net Margin
-3.00%
-121.13%
17.19%
EPS
-0.40
-197.56%
110.53%
No Data Available
CSR Earnings Analysis
Centerspace Corporation (CSR.N) Earnings Conference Call
Positive
Core FFO Performance: Core FFO of $1.18 per diluted share for the third quarter driven by stable revenue growth and expense control initiatives.
Same-Store Revenue Increase: Same-store revenue increased 3% over the same period in 2023, driven by a 2.2% increase in revenue per occupied home and a 70 basis point year-over-year increase in weighted average occupancy, which stood at 95.3%.
Occupancy Rate Improvement: We achieved these results while also increasing occupancy to 95.3%, which is a 70 basis point improvement over the same period last year.
Market Expansion Strategy: We expanded our presence in the Denver market with the purchase of Lydian, which we acquired with a combination of attractive long-term assumed mortgage debt and the issuance of OP units at a premium to our stock price.
Share Issuance and Redemption: We issued approximately 1.5 million shares on our ATM, raising $105 million, which were used to redeem the entirety of our Series C preferred shares.
Negative
Core FFO Performance: Core FFO for the third quarter was reported at $1.18 per diluted share, driven by a 2.8% year-over-year increase in same-store NOI, indicating a slowdown in growth.
Declining Revenue Growth Momentum: Same-store revenue increased by only 3% compared to the third quarter of 2023, suggesting a decline in revenue growth momentum.
Leasing Activity Slowdown: Same-store lease trade-outs decreased by 1.2%, indicating a slowdown in leasing activity and potential challenges in maintaining rental income.
Tenant Retention Challenges: Renewal leases remained slightly negative, suggesting challenges in retaining tenants at favorable rates, which could impact future revenue.
Same-Store NOI Growth Outlook: The expectation for year-over-year same-store NOI growth guidance has been lowered to 3.5%, reflecting a more cautious outlook for the remainder of the year.
CSR FAQs
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CSR Earning Call Sentiment
Centerspace (CSR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CSR.N
-1.09%Positive
The earnings call summary shows stable financial performance with a slight increase in revenue and occupancy. However, the Q&A reveals concerns about market rent softening and flat revenue growth guidance. The recent share issuance and debt management are positive, but the uncertainty in leasing stats and future earnings guidance tempers optimism. Given the small market cap, the stock price is likely to remain stable, with a neutral sentiment expected over the next two weeks.