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Centerspace

CSR Real Estate Reit Residential

Centerspace’s revenue for fiscal 2025 (year ended December 2025) was $273.7 million, up 4.86% from fiscal 2024. In the quarter to June 2026, revenue fell 4.04%, EPS grew 93.1%, free cash flow grew 133.2% and total debt fell 10.9%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

56.04 0.16 +0.29%
Market cap
$989.4M
P/E
43.4×
Fwd P/E
−53.1×
Dividend yield
5.50%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.12
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — 2 — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.59%

Capital & Financial Ratios $m

Market Cap 989.41
Revenue 268.87
Net Income 27.83
Free Cash Flow 245.13
Net Debt 979.14
Current Ratio 0.03
Debt/Equity 1.25
P/E ratio 43.44 (above 35: high)
Fwd P/E (53.10) (negative: loss-making)
P/S ratio 3.50
P/B ratio 1.19
Past 5Y EPS Growth —
This Y EPS Growth (137.14%) (below 0%: weak)
Next Y EPS Growth 31.08% (at or above 15%: strong)
Next Y revenue growth (6.53%) (below 0%: weak)
Next 5Y EPS Growth 27.33% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.1×, against a ten-year median of 7.9×; over the ten years it ranged from 5.7× in 2023 to 11.9× in 2021.
P/E against its own 10 years 79.87%
10-year low 10-year high
P/S against its own 10 years 13.53%
10-year low 10-year high
P/B against its own 10 years 32.55%
10-year low 10-year high
EV/Sales against its own 10 years 20.75%
10-year low 10-year high
EV/FCF against its own 10 years 24.51%
10-year low 10-year high

Dividends

Payout Ratio 2.44
Annual Dividend Rate 3.08
Annual Dividend Yield 5.50%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 5.29
0.77
0.77
0.77
2025 3.08
0.77
0.77
0.77
0.77
2024 3.00
0.75
0.75
0.75
0.75
2023 2.92
0.73
0.73
0.73
0.73
2022 2.92
0.73
0.73
0.73
0.73
2021 2.84
0.70
0.70
0.72
0.72
2020 2.80
0.70
0.70
0.70
0.70
2019 2.80
0.70
0.70
0.70
0.70
2018 2.80
0.70
0.70
0.70
0.70
2017 2.80
0.70
0.70
0.70
0.70
2016 3.90
1.30
1.30
1.30
0.60
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 9 13 16 10
Receivables — — — —
Inventory — — — —
Other — — — —
9 13 16 10
2023 2024 2025 Q'26
Payables 63 59 59 51
ST’ Debt 299 300 300 300
Other — — — —
362 359 359 351

Compound Annual Growth %

10y 5y 3y
Sales 5.51% 8.98% 2.15%
Cash Flow 2.22% 9.97% 2.29%
Earnings (5.89%) 0.00% 0.00%
Book Value 2.82% 4.53% (4.04%)

Revenue $m

Mar Jun Sep Dec Year
’26 65 66 — — —
’25 67 69 71 67 274
’24 65 65 65 66 261
’23 68 65 65 64 261
’22 60 63 65 68 257
’21 47 47 50 58 202
’20 44 44 44 46 178
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 21 23 — — —
’25 25 25 35 13 98
’24 24 23 32 19 98
’23 22 24 32 12 90
’22 12 23 34 23 92
’21 15 16 26 28 84
’20 6 19 22 14 61
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 16 45 — — —
’25 20 (135) 92 93 70
’24 21 9 20 8 59
’23 152 10 99 (50) 212
’22 (1) 12 (80) 0 (69)
’21 (65) 68 (118) (46) (161)
’20 (20) 12 (89) 4 (94)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.77) (0.06) — — —
’25 (0.22) (0.87) 3.19 (1.10) 1.02
’24 (0.37) (0.19) (0.40) (0.31) (1.27)
’23 2.76 (0.19) 0.41 (0.65) 2.32
’22 (0.68) (0.30) (0.14) (0.30) (1.35)
’21 (0.49) 1.48 (0.81) (0.61) (0.47)
’20 (0.67) (0.40) 1.38 (0.46) (0.15)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 56.00 56.00 46.10 47.13 43.58 66.91 57.65 46.74 52.26 52.76

Analyst estimates 2026–2028

Powerpack
High 75.10 72.80 60.00 79.00 85.24 112.27 111.48 71.97 76.16 69.15
People
People Employees 486 523 527 392 365 462 471 414 404 349
Revenue/emp, $m 0.00 0.00 0.00 0.47 0.49 0.44 0.55 0.63 0.65 0.78
Income, $m
Income, $m Revenue 188 206 183 186 178 202 257 261 261 274
Gross margin, % 0.00 0.00 0.00 85.33 84.64 83.71 85.02 85.41 86.19 86.01
EBT 17 (38) (9) 85 5 (2) (18) 49 (14) 23
EBT margin, % 8.91 (18.54) (4.83) 45.66 2.66 (1.04) (6.87) 18.84 (5.44) 8.39
Net income 12 31 0 85 5 (2) (18) 49 (14) 23
Depreciation 65 57 92 75 77 93 106 103 109 117
Per share, $
Per share, $ Revenue 15.30 16.98 15.31 15.82 14.17 14.61 16.87 17.43 16.83 16.36
Earnings 4.90 2.60 (1.12) 6.06 (0.15) (0.47) (1.35) 2.33 (1.27) 1.02
Cash flow 5.40 6.10 3.35 5.93 4.87 6.09 6.05 5.97 6.34 5.89
Capex 0.00 0.00 0.00 1.69 (12.36) (17.74) (10.59) 8.15 (2.54) (1.68)
Free cash flow 5.40 6.10 3.35 7.62 (7.49) (11.65) (4.55) 14.12 3.79 4.20
Book value 50.29 46.30 53.90 57.89 53.55 72.18 62.45 62.09 56.92 50.20
Shares, m 12 12 12 12 13 14 15 15 16 17
Valuation, ×
Valuation, × P/E 27.95 18.46 0.00 11.90 0.00 0.00 0.00 24.68 0.00 64.78
P/S 4.46 3.94 3.20 4.58 4.99 7.59 3.45 3.29 3.93 4.08
P/B 1.69 1.41 1.08 1.47 1.53 1.70 1.03 1.03 1.16 1.33
EV/Sales 8.77 8.99 6.62 7.83 8.99 11.64 7.33 6.76 7.54 7.75
EV/FCF (7.19) (15.79) 3.14 16.25 (17.00) (14.61) (27.19) 8.34 33.46 30.19
Cash, $m
Cash, $m Operating cash flow 66 74 40 70 61 84 92 90 98 98
Capex (29) (42) (12) 20 (155) (245) (161) 122 (39) (28)
Free cash flow 66 74 40 89 (94) (161) (69) 212 59 70
Balance, $m
Balance, $m Working capital 36 21 (166) (270) (318) (323) (446) (353) (346) (343)
Total debt 912 761 646 649 719 856 1,008 916 955 1,021
Net debt 845 732 626 603 712 817 996 907 942 1,006
Shareholders’ equity 619 561 643 680 673 996 950 931 882 840
Returns, %
Returns, % ROA 2.07 (1.68) (1.03) 5.27 (0.13) (0.38) (1.03) 1.76 (1.02) 0.89
ROIC 0.00 0.00 0.00 5.31 1.53 1.03 0.45 2.87 0.70 2.19
ROE 6.87 (5.08) (2.52) 12.78 (0.31) (0.87) (2.33) 4.12 (2.29) 1.99
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Centerspace vs peers in Reit Residential (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
IRT Independence Realty Trust, Inc. $3.6B 80.1× 120× +3.12% (above 0%: growing) −51.67% (below 0%: shrinking) −14.38% (below 0%: shrinking) 57.36% 15.51% Compare
MRP Millrose Properties, Inc. $3.4B 7.8× 9.3× +32.11% (above 0%: growing) +11.76% (above 0%: growing) +61.32% (above 0%: growing) 84.81% 85.16% Compare
UMH UMH Properties, Inc. $1.3B 127× 111× +7.50% (above 0%: growing) +66.67% (above 0%: growing) −8.46% (below 0%: shrinking) 55.24% 18.78% Compare
CSR Centerspace $989.4M 43.4× — (loss-making) −4.04% (below 0%: shrinking) n/m +133.15% (above 0%: growing) 86.14% 13.35%
NXRT NexPoint Residential Trust, Inc. $476.4M — (loss-making) — (loss-making) +2.31% (above 0%: growing) n/m +52.54% (above 0%: growing) 61.87% 10.92% Compare
BRT BRT Apartments Corp. $256.3M — (loss-making) — (loss-making) +1.14% (above 0%: growing) n/m −32.50% (below 0%: shrinking) 100.00% 11.65% Compare
AIV Apartment Investment and Management Company $244.0M 0.4× — (loss-making) −271.99% (below 0%: shrinking) n/m +226.39% (above 0%: growing) 396.41% 6,653.82% Compare
ELME Elme Communities $155.5M — (loss-making) — (loss-making) +1.72% (above 0%: growing) n/m −17.20% (below 0%: shrinking) 57.49% (183.33%) Compare
BHM Bluerock Homes Trust, Inc. $92.6M — (loss-making) — +15.03% (above 0%: growing) n/m +51.15% (above 0%: growing) 100.00% (28.96%) Compare
Median of peers $366.4M 43.9× 111× +2.72% +11.76% +21.34% 73.34% 13.58%

All 19 Reit Residential stocks →

Centerspace (CSR) key facts

  • Strength: Centerspace’s revenue for fiscal 2025 (year ended December 2025) was $273.7 million, up 4.86% from fiscal 2024.
  • Centerspace (CSR) is a Reit Residential company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, CSR traded at $56.04, a market capitalization of $989.4 million.
  • Centerspace pays an annual dividend of $3.08 per share, a yield of 5.50%.
  • Return on equity was 1.99% and debt-to-equity 1.25.
  • Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Centerspace (CSR) Latest News

14 Sep

Impact 5 ·

10 Sep

Impact 5 ·

9 Sep

Impact 5 ·
Impact 5 ·
stockrow.com/CSR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com