Centerspace（CSR）のニュースとイベントCSRCenterspace

Major Averages Bounce Back, Oil Prices Rise

The major averages were broadly higher near noon, bouncing back from Friday's declines as President Trump attempts to maintain a fragile ceasefire despite continued attacks between Iran and Israel. Oil prices are higher as the commodity continues a volatile stretch, while semiconductor stocks are recovering some of the roughly $1T in market value erased from the chip sector late last week.Friday's employment report showed the labor market continues to create jobs despite elevated interest rates. That data reinforced the view that the economy is slowing gradually rather than falling into recession. For equity investors, that is generally positive for earnings, but it also complicates the outlook for Federal Reserve policy. Treasury yields remain elevated as a result, although they have stabilized somewhat after their sharp rise during May.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiaand SK Hynix announced aAmazonwith Corningto boost U.S. fiber optics manufacturingIngredionannounced a recommendedCampbell'sreportedand reaffirmed its FY26 guidanceEli Lillypresentedthat women with obesity or overweight who took the highest dose of Foundayo experienced significant weight loss at every stage of menopause2. WALL STREET CALLS:Crocsto Outperform at BairdCenterspaceto Neutral at Piper SandlerVoya Financialto Strong Buy from Market Perform at Raymond JamesWall Street rolled out coverage of Cerebras SystemswithFervo Energysaw a bit more mixed reception infrom Wall Street firms3. AROUND THE WEB:Spotifyis hoping to become a destination for live music content, including livestreamed concerts and festivals, and has approached concert promoters regarding licensing rights to broadcast the events, Bloomberg saysThe U.K. competition regulator has launched a probe into eBay'spurchase of Depop from Etsy, Reuters reportsIn a recently published report, Hunterbrook says that Ensign Group'sbusiness model relies on "delivering inadequate care to patients while gaming data on quality, according to Hunterbrook's five-month investigation.ITA Airways will decide within the next 8 weeks on if it will sue RTX'sPratt & Whitney over engine problems that have grounded about 20% of its 80 aircraft fleet, Reuters reportsCarlylehas agreed to acquire Chung Ho Group for $700M, Bloomberg says4. MOVERS:Tango Therapeuticsgains afterongoing Phase 1/2 study of vopimetostaAmerican Batteryincreases after announcing itwith the U.S. Department of Energy for the reinstatement of its grant awardSportsradarhigher in New York after announcing a multi-year globalShattuck Labslower after announcingfor SL-325Cienafalls after filing to sell $2B of5. EARNINGS/GUIDANCE:Honeywellfor FY26Duluth Holdingsand backed its guidance for FY26Graham, with CEO Matthew Malone commenting on "another year of strong execution"Motorcar Partsand provided guidance for FY27VinFast Auto, with revenue up year-over-yearINDEXES:Near midday, the Dow was up 0.17%, or 84.63, to 50,951.41, the Nasdaq was up 1.50%, or 386.63, to 26,096.06, and the S&P 500 was up 0.85%, or 62.51, to 7,446.25.

Centerspace Approves $240M Asset Sales Plan

Centerspace announced that the company's Board of Trustees has, in connection with its comprehensive evaluation of strategic alternatives, approved a portfolio optimization and deleveraging plan designed to enhance portfolio quality, strengthen the balance sheet, preserve embedded shareholder value, and maximize strategic flexibility. The Board and management engaged in a thorough process with a broad range of potential counterparties and assessed numerous alternatives. The actions announced today, subject to their completion, will strengthen the company's balance sheet while concentrating the portfolio in higher-quality, more liquid markets. The company believes that upon their completion the transactions will position the company for long-term success as multifamily fundamentals continue to recover following the elevated levels of supply delivered during 2023-2025. The plan includes approximately $240M-245M of targeted assets sales in 2026, comprising twelve communities, including a full exit from the Bismarck and Rapid City markets and one community in Denver. Each of these dispositions is under contract with buyers and the company anticipates closing these sales in the second half of 2026. Upon successful completion of these dispositions, the company currently expects: Total debt to decrease by $175M-190M, including repayment of the company's line of credit balance, improving both the cost and duration of debt; Improvement in proforma Annualized Net Debt to EBITDA, decreasing from 8.2x in Q1 2026 to an anticipated sub-7x level in Q4 2026; and That there may be special distributions of $45M-$65M, with a declaration, if any, of exact timing and amount anticipated later in the year. "The capital allocation initiative we are announcing today is an outcome of our review process. We expect these actions to enhance shareholder value by capturing the discount between public and private market valuations, while materially strengthening our balance sheet and positively evolving our market exposures," said Centerspace CEO Anne Olson. Centerspace's Board of Trustees has declared a regular quarterly distribution of 77c per share/unit, payable on July 14 to common shareholders and unitholders of record at the close of business on June 29.