8-K Announcements
6May 4, 2026·SEC
Mar 11, 2026·SEC
Feb 27, 2026·SEC
Centerspace (CSR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Centerspace (CSR) stock price & volume — 10-year historical chart
Centerspace (CSR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Centerspace (CSR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.77vs $0.29-165.7% | $65Mvs $67M-2.2% |
| Q1 2026 | Feb 17, 2026 | $1.25vs $0.22+663.2% | $67Mvs $70M-4.8% |
| Q4 2025 | Nov 3, 2025 | $1.19vs $1.22-2.5% | $71Mvs $70M+2.6% |
| Q3 2025 | Aug 4, 2025 | $1.28vs $1.26+1.6% | $69Mvs $68M+0.2% |
Centerspace (CSR) competitors in Diversified apartment REITs — business model, growth, and fundamentals comparison
Centerspace (CSR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Centerspace (CSR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Apr'17 | Apr'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 205.74M | 169.75M | 185.75M | 177.99M | 201.71M | 256.72M | 261.31M | 260.98M | 353.13M | 271.64M |
| Revenue Growth % | 9.25% | -17.49% | 9.43% | -4.18% | 13.32% | 27.27% | 1.79% | -0.12% | 35.31% | 3.06% |
| Property Operating Expenses | 88.36M | 78.56M | 84.5M | 78.96M | 90.61M | 118.53M | 115.17M | 112.37M | 342.37M | 167.7M |
| Net Operating Income (NOI) | 117.38M▲ 0% | 91.19M▼ 22.3% | 101.25M▲ 11.0% | 99.03M▼ 2.2% | 111.1M▲ 12.2% | 138.18M▲ 24.4% | 146.14M▲ 5.8% | 148.61M▲ 1.7% | 10.76M▼ 92.8% | 103.94M▲ 0% |
| NOI Margin % | 57.05% | 53.72% | 54.51% | 55.64% | 55.08% | 53.83% | 55.93% | 56.94% | 3.05% | 38.26% |
| Operating Expenses | 70.88M | 96.27M | 88.72M | 65.19M | 81.2M | 124.32M | 61.69M | 128.14M | -92.31M | 96.27M |
| G&A Expenses | 12.07M | 14.2M | 14.45M | 13.44M | 16.21M | 17.52M | 20.08M | 17.8M | 20.92M | 15.92M |
| EBITDA | 41.21M | 148.27M | 184.64M | 110.44M | 123M | 120.07M | 187.63M | 128.12M | 216.3M | 120.84M |
| EBITDA Margin % | 20.03% | 87.35% | 99.4% | 62.05% | 60.98% | 46.77% | 71.8% | 49.09% | 61.25% | 44.49% |
| Depreciation & Amortization | 55.01M | 171.97M | 173.22M | 76.6M | 93.11M | 106.21M | 103.17M | 107.65M | 113.23M | 113.17M |
| D&A / Revenue % | 26.74% | 101.31% | 93.25% | 43.03% | 46.16% | 41.37% | 39.48% | 41.25% | 32.06% | 41.66% |
| Operating Income | -13.8M▲ 0% | -23.7M▼ 71.8% | 11.42M▲ 148.2% | 33.84M▲ 196.4% | 29.89M▼ 11.7% | 13.86M▼ 53.6% | 84.45M▲ 509.3% | 20.48M▼ 75.8% | 103.07M▲ 403.4% | 7.67M▲ 0% |
| Operating Margin % | -6.71% | -13.96% | 6.15% | 19.01% | 14.82% | 5.4% | 32.32% | 7.85% | 29.19% | 2.82% |
| Interest Expense | 41.13M | 34.18M | 30.54M | 29.08M | 31.99M | 32.75M | 36.43M | 37.28M | 44.48M | 4M |
| Interest Coverage | -0.07x | 0.32x | 3.78x | 1.16x | 0.93x | 0.46x | 2.35x | 0.62x | 1.52x | - |
| Non-Operating Income | -20.69M | -34.54M | -6.32M | 23K | 0 | -1.25M | -1.21M | -2.61M | 35.63M | -50.22M |
| Pretax Income | -38.15M▲ 0% | -37.19M▲ 2.5% | 84.82M▲ 328.1% | 4.74M▼ 94.4% | -2.1M▼ 144.3% | -17.64M▼ 739.6% | 49.23M▲ 379.1% | -14.19M▼ 128.8% | 22.96M▲ 261.8% | 12.17M▲ 0% |
| Pretax Margin % | -18.54% | -21.91% | 45.66% | 2.66% | -1.04% | -6.87% | 18.84% | -5.44% | 6.5% | 4.48% |
| Income Tax | -36.8M | -154.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 96.45% | 415.51% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 43.35M▲ 0% | 116.79M▲ 169.4% | 48.67M▼ 58.3% | 5.08M▼ 89.6% | 611K▼ 88.0% | -13.47M▼ 2304.4% | 41.97M▲ 411.6% | -10.69M▼ 125.5% | 17.59M▲ 264.5% | 8.33M▲ 0% |
| Net Margin % | 21.07% | 68.8% | 26.2% | 2.85% | 0.3% | -5.25% | 16.06% | -4.1% | 4.98% | 3.07% |
| Net Income Growth % | -39.8% | 169.43% | -58.33% | -89.56% | -87.97% | -2304.42% | 411.57% | -125.47% | 264.55% | 219.34% |
| Funds From Operations (FFO) | 98.36M▲ 0% | 288.76M▲ 193.6% | 221.89M▼ 23.2% | 81.68M▼ 63.2% | 93.72M▲ 14.7% | 92.74M▼ 1.0% | 145.14M▲ 56.5% | 96.96M▼ 33.2% | 130.82M▲ 34.9% | 121.5M▲ 0% |
| FFO Margin % | 47.81% | 170.12% | 119.45% | 45.89% | 46.46% | 36.13% | 55.54% | 37.15% | 37.05% | 44.73% |
| FFO Growth % | -57.47% | 193.59% | -23.16% | -63.19% | 14.75% | -1.05% | 56.5% | -33.19% | 34.92% | 77.98% |
| FFO per Share | 8.12 | 21.45 | 16.83 | 6.50 | 5.97 | 6.09 | 8.48 | 6.25 | 7.80 | 7.24 |
| FFO Payout Ratio % | 34.25% | 11.34% | 14.82% | 42.91% | 41.07% | 47.94% | 30.14% | 47.22% | 39.04% | 31.8% |
| EPS (Diluted) | 3.58▲ 0% | 8.68▲ 142.5% | 3.69▼ 57.5% | -1.91▼ 151.8% | -2.00▼ 4.7% | -0.99▲ 50.5% | 2.32▲ 334.3% | -1.27▼ 154.7% | 1.02▲ 180.3% | 0.50▲ 0% |
| EPS Growth % | -32.45% | 142.46% | -57.49% | -151.76% | -4.71% | 50.5% | 334.34% | -154.74% | 180.31% | 144.74% |
| EPS (Basic) | 3.58 | 9.73 | 4.14 | -1.91 | -2.27 | -0.99 | 2.65 | -1.27 | 1.02 | - |
| Diluted Shares Outstanding | 12.12M | 13.46M | 13.18M | 12.56M | 15.7M | 15.22M | 17.12M | 15.5M | 16.77M | 16.77M |
Centerspace (CSR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Apr'17 | Apr'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.47B | 1.43B | 1.39B | 1.46B | 1.94B | 2.03B | 1.93B | 1.91B | 1.93B | 1.89B |
| Asset Growth % | -16.23% | -3.25% | -2.4% | 5.15% | 32.5% | 4.81% | -5.26% | -0.66% | 0.65% | 17.49% |
| Real Estate & Other Assets | 1.39B | 1.4B | 1.3B | 1.41B | 1.83B | 2B | 1.89B | 1.86B | 1.87B | 0 |
| PP&E (Net) | 901K | 820K | 1.28M | 2.67M | 3.37M | 3.12M | 2.8M | 2.54M | 526K | 0 |
| Investment Securities | 0 | 818K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 85.13M | 26.45M | 84.62M | 44.86M | 98.81M | 27.01M | 30.04M | 51.91M | 57.09M | 7.55M |
| Cash & Equivalents | 28.82M | 11.89M | 26.58M | 392K | 31.27M | 10.46M | 8.63M | 12.03M | 12.83M | 7.55M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Current Assets | 4.22M | 2.83M | 19.54M | 6.92M | 7.36M | 9.91M | 13.76M | 5.72M | 8.53M | 0 |
| Intangible Assets | 658K | 1.47M | 1.21M | 1.15M | 7.37M | 2.11M | 2.72M | 1.98M | 2.02M | 0 |
| Total Liabilities | 838.42M | 739.16M | 695.96M | 774.8M | 918.45M | 1.07B | 978.78M | 1.01B | 1.08B | 1.07B |
| Total Debt | 760.83M | 703.43M | 648.8M | 719.19M | 856.05M | 1.01B | 916.02M | 955.38M | 1.02B | 450.02M |
| Net Debt | 732.01M | 691.54M | 622.22M | 718.8M | 824.78M | 997.17M | 907.39M | 943.36M | 1.01B | 442.47M |
| Long-Term Debt | 703.78M | 579.43M | 598.72M | 566.32M | 780.05M | 894.13M | 886.02M | 908.03M | 866.24M | 0 |
| Short-Term Borrowings | 57.05M | 124M | 50.08M | 152.87M | 76M | 113.5M | 30M | 47.36M | 154.93M | 450.02M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 127.46M | 153.02M | 97.23M | 208.48M | 138.4M | 172.31M | 92.75M | 106.68M | 214.17M | 450.02M |
| Accounts Payable | 0 | 39.22M | 0 | 0 | 0 | 0 | 62.75M | 0 | 0 | 0 |
| Deferred Revenue | 0 | -39.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 7.18M | 6.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 621.48M |
| Total Equity | 636.09M▲ 0% | 687.5M▲ 8.1% | 696.46M▲ 1.3% | 689.38M▼ 1.0% | 1.02B▲ 48.2% | 966.86M▼ 5.4% | 947.59M▼ 2.0% | 899M▼ 5.1% | 845.76M▼ 5.9% | 810.14M▲ 0% |
| Equity Growth % | -11.44% | 8.08% | 1.3% | -1.02% | 48.19% | -5.36% | -1.99% | -5.13% | -5.92% | -23.52% |
| Shareholders Equity | 560.94M | 613.41M | 635.61M | 634.77M | 797.36M | 746.1M | 726.39M | 670.46M | 725.1M | 694.97M |
| Minority Interest | 75.16M | 74.09M | 60.85M | 54.62M | 224.25M | 220.76M | 221.19M | 228.54M | 120.66M | 115.17M |
| Common Stock | 916.12M | 907.84M | 917.4M | 968.26M | 1.16B | 1.18B | 1.17B | 1.27B | 1.37B | 1.37B |
| Additional Paid-in Capital | 900.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -466.54M | -395.67M | -390.2M | -427.68M | -474.32M | -539.42M | -548.27M | -615.24M | -649.68M | -675.49M |
| Preferred Stock | 111.36M | 99.46M | 116.02M | 110.09M | 118.86M | 110.09M | 110.09M | 16.56M | 5.94M | 0 |
| Return on Assets (ROA) | 2.68% | 8.05% | 3.45% | 0.36% | 0.04% | -0.68% | 2.12% | -0.56% | 0.92% | 0.42% |
| Return on Equity (ROE) | 6.4% | 17.65% | 7.03% | 0.73% | 0.07% | -1.35% | 4.38% | -1.16% | 2.02% | 0.98% |
| Debt / Assets | 51.6% | 49.31% | 46.6% | 49.12% | 44.12% | 49.56% | 47.55% | 49.92% | 53.02% | 23.84% |
| Debt / Equity | 1.20x | 1.02x | 0.93x | 1.04x | 0.84x | 1.04x | 0.97x | 1.06x | 1.21x | 1.21x |
| Net Debt / EBITDA | 17.76x | 4.66x | 3.37x | 6.51x | 6.71x | 8.31x | 4.84x | 7.36x | 4.66x | 4.66x |
| Book Value per Share | 52.50 | 51.08 | 52.83 | 54.87 | 65.05 | 63.54 | 55.36 | 57.99 | 50.42 | 48.29 |
Centerspace (CSR) cash flow — operating, investing & free cash flow history
| Line item | Apr'17 | Apr'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 73.93M | 48.03M | 69.62M | 61.23M | 84.03M | 91.99M | 89.52M | 98.25M | 98.45M | 98.45M |
| Operating CF Growth % | 11.18% | -35.03% | 44.94% | -12.06% | 37.24% | 9.48% | -2.69% | 9.75% | 0.21% | -28.7% |
| Operating CF / Revenue % | 35.93% | 28.3% | 37.48% | 34.4% | 41.66% | 35.83% | 34.26% | 37.65% | 27.88% | 36.24% |
| Net Income | 30.52M | 127.63M | 84.82M | 4.74M | -2.1M | -17.64M | 41.97M | -14.19M | -2.41M | 8.33M |
| Depreciation & Amortization | 56.61M | 91.8M | 75.41M | 76.6M | 93.11M | 106.21M | 103.17M | 107.65M | 116.57M | 113.17M |
| Stock-Based Compensation | 1.59M | 1.27M | 1.91M | 2.11M | 2.69M | 2.62M | 3.29M | 3.01M | 3.44M | 2.59M |
| Other Non-Cash Items | -13.12M | 1.46M | -253K | 1.31M | 4.66M | 804K | -56.04M | 5.23M | -13.78M | -27.94M |
| Working Capital Changes | -95K | -9.43M | 3.01M | -3.76M | 10.35M | 5K | -2.87M | -3.46M | -5.37M | -7.68M |
| Cash from Investing | 202.26M | 104.19M | 7.01M | -164.97M | -267.23M | -160.09M | 120.21M | -50.72M | -26.87M | -27.01M |
| Acquisitions (Net) | 0 | 0 | -1.26M | -12.22M | 328.06M | 161.31M | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | -1.9M | -6.94M | -179K | -292.18M | -104.67M | 0 | 0 | 0 | 0 |
| Sale of Investments | 50K | -119.05M | 101.66M | 3.86M | 33.82M | 41K | 0 | 18.83M | 132.76M | 42.82M |
| Other Investing | 202.21M | 223.24M | -65.5M | -126.11M | -301.04M | -160.09M | 120.21M | -69.54M | -159.63M | -64.51M |
| Cash from Financing | -314.07M | -169.15M | -49.77M | 64.93M | 214.51M | 41.37M | -212.35M | -43.67M | -69.06M | -75.23M |
| Dividends Paid | 0 | -32.76M | -40.09M | -42.21M | -45.55M | -51.53M | -50.81M | -51.25M | -51.56M | -51.92M |
| Common Dividends | -33.69M | -32.76M | -32.89M | -35.05M | -38.49M | -44.46M | -43.74M | -45.79M | -51.08M | -38.63M |
| Debt Issuance (Net) | -1000K | -1000K | -386K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -2M |
| Share Repurchases | -9.94M | -133.73M | -26.17M | -5.68M | 0 | -33.2M | -11.58M | -4.7M | -4.63M | -14.4M |
| Other Financing | -5.26M | -995.5K | -5.14M | 37.77M | -9.09M | -13.41M | -9.71M | -9.25M | -23.66M | -14.17M |
| Net Change in Cash | -37.88M▲ 0% | -16.93M▲ 55.3% | 26.86M▲ 258.7% | -38.81M▼ 244.5% | 31.32M▲ 180.7% | -26.73M▼ 185.4% | -2.62M▲ 90.2% | 3.86M▲ 247.2% | 2.52M▼ 34.7% | -7.79M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 66.7M | 28.82M | 19.26M | 46.12M | 7.31M | 38.63M | 11.89M | 9.27M | 13.13M | 15.65M |
| Cash at End | 28.82M | 11.89M | 46.12M | 7.31M | 38.63M | 11.89M | 9.27M | 13.13M | 15.65M | 10.27M |
| Free Cash Flow | 73.93M▲ 0% | 28.52M▼ 61.4% | 48.67M▲ 70.7% | 30.91M▼ 36.5% | 48.15M▲ 55.8% | 35.42M▼ 26.4% | 30.7M▼ 13.3% | 41.59M▲ 35.5% | 64.29M▲ 54.6% | 70.05M▲ 0% |
| FCF Growth % | 132.95% | -61.43% | 70.68% | -36.48% | 55.76% | -26.43% | -13.35% | 35.51% | 54.57% | 17.96% |
| FCF / Revenue % | 35.93% | 16.8% | 26.2% | 17.37% | 23.87% | 13.8% | 11.75% | 15.94% | 18.21% | 25.79% |
Centerspace (CSR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 8.12 | 21.45 | 16.83 | 6.5 | 5.97 | 6.09 | 8.48 | 6.25 | 7.8 | 7.24 |
| FFO Payout Ratio | 34.25% | 11.34% | 14.82% | 42.91% | 41.07% | 47.94% | 30.14% | 47.22% | 39.04% | 31.8% |
| NOI Margin | 57.05% | 53.72% | 54.51% | 55.64% | 55.08% | 53.83% | 55.93% | 56.94% | 3.05% | 38.26% |
| Net Debt / EBITDA | 17.76x | 4.66x | 3.37x | 6.51x | 6.71x | 8.31x | 4.84x | 7.36x | 4.66x | 4.66x |
| Debt / Assets | 51.6% | 49.31% | 46.6% | 49.12% | 44.12% | 49.56% | 47.55% | 49.92% | 53.02% | 23.84% |
| Interest Coverage | -0.07x | 0.32x | 3.78x | 1.16x | 0.93x | 0.46x | 2.35x | 0.62x | 1.52x | - |
| Book Value / Share | 52.5 | 51.08 | 52.83 | 54.87 | 65.05 | 63.54 | 55.36 | 57.99 | 50.42 | 48.29 |
| Revenue Growth | 9.25% | -17.49% | 9.43% | -4.18% | 13.32% | 27.27% | 1.79% | -0.12% | 35.31% | 3.06% |
Centerspace (CSR) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 4, 2026·SEC
Mar 11, 2026·SEC
Feb 27, 2026·SEC
Centerspace (CSR) stock FAQ — growth, dividends, profitability & financials explained
Centerspace (CSR) reported $271.6M in revenue for fiscal year 2025. This represents a 1356% increase from $18.7M in 1996.
Centerspace (CSR) grew revenue by 35.3% over the past year. This is strong growth.
Yes, Centerspace (CSR) is profitable, generating $8.3M in net income for fiscal year 2025 (5.0% net margin).
Yes, Centerspace (CSR) pays a dividend with a yield of 4.53%. This makes it attractive for income-focused investors.
Centerspace (CSR) has a return on equity (ROE) of 2.0%. This is below average, suggesting room for improvement.
Centerspace (CSR) generated Funds From Operations (FFO) of $121.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Centerspace (CSR) offers a 4.53% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Centerspace (CSR) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates