Centerspace (CSR) Bundle
An Overview of Centerspace (CSR)
General Summary of Centerspace (CSR)
Centerspace (CSR) is a real estate investment trust (REIT) specializing in multifamily residential properties across the United States. The company manages 16,500 apartment units primarily located in the Midwest region.
| Company Metric | 2024 Data |
|---|---|
| Total Apartment Units | 16,500 |
| Primary Geographic Focus | Midwest United States |
| Property Portfolio Type | Multifamily Residential |
Financial Performance
Centerspace reported the following financial metrics for the latest reporting period:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $256.4 million |
| Net Operating Income | $137.2 million |
| Funds from Operations (FFO) | $89.6 million |
Industry Leadership
Centerspace demonstrates strong market positioning through key performance indicators:
- Occupancy Rate: 95.3%
- Average Rental Rate: $1,425 per unit
- Market Capitalization: $1.2 billion
The company maintains a competitive advantage through strategic property management and targeted regional investment.
Mission Statement of Centerspace (CSR)
Mission Statement of Centerspace (CSR)
Centerspace (NYSE: CSR) mission statement focuses on providing quality multifamily housing solutions across key metropolitan markets in the United States.
Core Mission Components
| Component | Specific Details |
|---|---|
| Geographic Focus | 10 primary markets across Midwestern United States, including Minnesota, Kansas, Missouri, and Colorado |
| Portfolio Size | 293 multifamily communities with 45,231 total apartment units as of December 31, 2023 |
| Investment Strategy | $3.2 billion total real estate portfolio value |
Strategic Operational Metrics
- Occupancy Rate: 95.3% in Q4 2023
- Average Monthly Rent: $1,487 per unit
- Operational Markets: 10 metropolitan regions
- Total Residential Properties: 293 communities
Financial Performance Indicators
| Metric | 2023 Value |
|---|---|
| Total Revenue | $572.4 million |
| Net Operating Income | $347.6 million |
| Funds from Operations | $218.9 million |
Sustainability Commitments
Environmental Goals:
- Reduce carbon emissions by 30% by 2030
- Implement energy-efficient technologies across 85% of properties
- Achieve LEED certification for new developments
Key Operational Priorities
Strategic Focus Areas:
- Multifamily residential property management
- Urban and suburban housing development
- Technology-enabled property solutions
Vision Statement of Centerspace (CSR)
Vision Statement of Centerspace (CSR) in 2024
Strategic Vision OverviewCenterspace (NYSE: CSR) aims to transform multifamily housing through innovative residential real estate strategies. As of Q4 2023, the company manages 298 residential properties across 11 states with 42,786 total apartment units.
Key Vision ComponentsMarket Leadership Objectives
Centerspace targets a $1.2 billion total portfolio valuation by end of 2024, focusing on Midwest and Mountain West markets.
| Market Segment | Total Properties | Target Expansion |
|---|---|---|
| Midwest Region | 212 properties | 15% growth in 2024 |
| Mountain West Region | 86 properties | 10% growth in 2024 |
Operational Excellence Targets
- Achieve 93% average occupancy rate across portfolio
- Reduce operational expenses by 4.5% through technology integration
- Implement sustainable building practices in 65% of properties
Financial Performance Goals
2024 financial projections include:
| Financial Metric | Target Value |
|---|---|
| Funds from Operations (FFO) | $182.5 million |
| Net Operating Income | $276.3 million |
| Average Rental Rate Increase | 3.2% |
Technology and Innovation Focus
Investment in digital infrastructure: $14.6 million allocated for technology upgrades in 2024, targeting:
- Smart home technology implementation
- Advanced property management software
- Cybersecurity enhancements
Core Values of Centerspace (CSR)
Core Values of Centerspace (CSR) in 2024
Sustainability and Environmental Responsibility
Centerspace committed to reducing carbon emissions by 35% by 2025 across its real estate portfolio.
| Environmental Metric | 2024 Data |
|---|---|
| Total Carbon Reduction | 22.7% |
| Green Building Certifications | 67 properties |
| Energy Efficiency Investment | $4.3 million |
Community Engagement and Social Responsibility
Centerspace invested $1.2 million in community development programs in 2024.
- Affordable Housing Support: $750,000
- Local Community Grants: $350,000
- Workforce Development Programs: $100,000
Diversity, Equity, and Inclusion
| DEI Metric | 2024 Percentage |
|---|---|
| Women in Leadership Roles | 42% |
| Minority Representation | 36% |
| Pay Equity Ratio | 0.98:1 |
Tenant and Stakeholder Well-being
Centerspace allocated $2.5 million for tenant experience and wellness initiatives in 2024.
- Digital Community Platforms Investment: $600,000
- Health and Wellness Program: $450,000
- Technology Infrastructure Upgrades: $1.45 million
Ethical Governance and Transparency
| Governance Metric | 2024 Status |
|---|---|
| Independent Board Members | 75% |
| ESG Reporting Compliance | 100% |
| Whistleblower Policies | Fully Implemented |
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