$CSR

Independence Realty Trust (IRT) is merging with Centerspace in an all-stock deal, creating an $8.1B apartment company. IRT shareholders will own 78% of the new entity, which will retain the IRT name, ticker, and headquarters. The combined company will manage 44,000 units across 17 states, expanding IRT's footprint. IRT CEO Scott Schaeffer sees the deal as a strategic growth move, adding geographic diversity.

Independence Realty Trust (IRT) is merging with Centerspace in an $8.1 billion all-stock deal, affirming a $0.18 quarterly dividend. IRT's shares have declined 10% in three months and 14% year-to-date. Analysts debate its valuation, with some seeing it as 20.6% undervalued at $19.14 per share, while others note its high P/E ratio of 82.2x.

Centerspace (CSR) closed at $58.29, 0.98% above the implied value of $57.72 from its merger with Independence Realty Trust (IRT) at $15.19. The premium is partly due to dividend differences, but mostly market positioning and IRT's future performance. The merger, valued at $8.1 billion, is expected to close by Q4, pending shareholder approval and other conditions.

Centerspace (CSR) rose 8% on an $8.1B merger deal with IRT. Academy Sports (ASO) gained 8% after raising its earnings outlook. Meta (META) rose 6% following an AI app announcement. Mission Produce (AVOC) popped 4% on earnings beat. Apple (AAPL) fell 1% ahead of an expected iPhone event. Casey's (CASY) dropped 15% on mixed results. Signet (SIG) jumped 19% on earnings beat and raised guidance. ServiceTitan (SVT) fell 30% on weak revenue guidance. Braze (BRZE) dropped 19% on revenue miss. Chime (CM

Independence Realty Trust (IRT) and Centerspace (CSR) agreed to merge in an all-stock deal, creating a multifamily REIT with an enterprise value of $8.1B. CSR shareholders will receive 3.800 IRT shares per CSR share. The deal is expected to close by Q4 2026 and is 5% accretive to IRT's 2027 Core FFO per share. IRT will lead the combined company and retain its name and ticker.

CENTERSPACE (CSR) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 INDEPENDENCE REALTY TRUST AND CENTERSPACE An All-Stock Merger Creating an $8.1 Billion Multifamily REIT Focused on High-Growth, Non-Gateway Markets $8.1bn Enterprise Value 44,354 Units ~5% 2027E Core FFO Accretion Leverage Neutral The information contained in this pr

Centerspace (NYSE: CSR) declared a quarterly dividend of $0.77 per share, payable on October 14, 2026, to shareholders of record on September 29, 2026. The company owns 47 apartment communities with 10,456 homes across six states.

Piper Sandler maintained a Neutral rating on Centerspace (CSR) but lowered its price target to $58 from $60. GuruFocus values CSR at $57.66, suggesting an 8.5% undervaluation. Insider buying activity shows $121,392 in purchases over the last three months. CSR operates as a REIT with a market cap of $886.23 million, and its GF Score is 68/100, indicating fair performance.

CENTERSPACE (CSR) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 CENTERSPACE AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The following pro forma condensed consolidated financial statements of Centerspace, collectively with its subsidiaries (the “Company") are based on the unaudited historical c

Centerspace (CSR) reported Q2 2026 Core FFO of $1.27 per diluted share, down 0.8% from $1.28 a year earlier, and same-store NOI up 0.3%. The company sold or contracted 14 communities in 2026 for about $320 million, exited Rapid City and is exiting Bismarck. Full-year Core FFO guidance was cut to $4.58 to $4.68. Liquidity was $242.6 million.