Centerspace

CSR remains in a Stage 4 decline with a clear lower‐high/lower‐low sequence. Price is below the declining 9/20 EMAs and 50 DMA, and the recent rally into the EMA zone was rejected, reinforcing medium‐term bearish asymmetry. Short‐term execution favors selling now at the short‐term EMA resistance to capture the next leg down.

• ↑Sold 20 multifamily communities for ~$530M, freeing cash for reinvestment.
• ↑Same-store NOI rose 4.8% YoY as retention climbed to 61.3%.
• ↓Denver rent trade-outs fell 4.3% due to oversupply and concessions.