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MINNEAPOLIS - Centerspace (NYSE:CSR), an owner and operator of apartment communities with a market capitalization of $1.03 billion, announced Tuesday that its Board of Trustees has declared a regular quarterly dividend of $0.77 per share/unit. The company has maintained dividend payments for 29 consecutive years, with the current yield standing at 5.18%.
The dividend will be payable on October 10, 2025, to common shareholders and unitholders of record at the close of business on September 29, 2025, according to a company press release.
Centerspace, founded in 1970, currently owns 73 apartment communities comprising 13,773 homes across seven states: Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah.
The real estate investment trust has been recognized as a top workplace for six consecutive years by the Minneapolis Star Tribune, with the most recent acknowledgment coming in 2025.
In other recent news, Centerspace announced its second-quarter earnings for 2025, showing a mixed financial performance. The company reported a notable earnings miss, with earnings per share (EPS) at -$0.87, significantly below the anticipated -$0.13. This represents a 569.23% deviation from expectations. On a more positive note, revenue slightly exceeded forecasts, coming in at $68.55 million compared to the expected $67.73 million, marking a 1.21% increase. These developments provide investors with important insights into the company’s current financial standing.
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