Centerspace (CSR) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Residential
EV/EBITDA
↓
9.91
↓-31% vs avg
5yr avg: 14.39
30Y Low8.4·High35.1
P/FCF
↓
17.64
↓-35% vs avg
5yr avg: 27.18
30Y Low9.5·High36.2
P/B Ratio
↓
1.34
+9% vs avg
5yr avg: 1.23
30Y Low0.9·High1.7
ROE
↑
2.0%
↓+155% vs avg
5yr avg: 0.8%
30Y Low-2%·High18%
Debt/EBITDA
↓
4.72
↓-27% vs avg
5yr avg: 6.48
30Y Low0.7·High18.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CSR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Centerspace trades at 66.2x earnings, 46% above its 5-year average of 45.2x, sitting at the 87th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.2x, the stock trades at a premium of 173%. On a free-cash-flow basis, the stock trades at 17.6x P/FCF, 35% below the 5-year average of 27.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $1.1B | $1.0B | $996M | $893M | $1.7B | $888M | $956M | $717M | $716M | $817M |
| Enterprise Value | $2.1B | $2.1B | $2.0B | $1.9B | $1.9B | $2.6B | $1.6B | $1.6B | $1.4B | $1.4B | $1.7B |
| P/E Ratio → | 66.19 | 65.41 | — | 25.09 | — | — | — | 19.65 | 6.14 | 16.51 | 11.36 |
| P/S Ratio | 3.21 | 3.17 | 3.93 | 3.81 | 3.48 | 8.63 | 4.99 | 5.14 | 4.23 | 3.48 | 4.34 |
| P/B Ratio | 1.34 | 1.32 | 1.14 | 1.05 | 0.92 | 1.70 | 1.29 | 1.37 | 1.04 | 1.13 | 1.14 |
| P/FCF | 17.64 | 17.41 | 24.66 | 32.46 | 25.20 | 36.17 | 28.71 | 19.64 | 25.16 | 9.69 | 25.75 |
| P/OCF | 11.52 | 11.37 | 10.44 | 11.13 | 9.70 | 20.73 | 14.50 | 13.73 | 14.94 | 9.69 | 12.29 |
P/E links to full P/E history page with 30-year chart
CSR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Centerspace's enterprise value stands at 9.9x EBITDA, 31% below its 5-year average of 14.4x. The Real Estate sector median is 16.8x, placing the stock at a 41% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.02 | 7.54 | 7.29 | 7.36 | 12.72 | 9.02 | 8.49 | 8.30 | 7.04 | 8.85 |
| EV / EBITDA | 9.91 | 9.84 | 15.37 | 10.15 | 15.74 | 20.86 | 14.54 | 8.55 | 9.50 | 35.14 | 8.39 |
| EV / EBIT | 20.79 | 31.55 | 85.28 | 22.22 | 125.08 | 85.85 | 47.50 | 13.68 | 130.08 | — | — |
| EV / FCF | — | 33.09 | 47.34 | 62.02 | 53.35 | 53.30 | 51.96 | 32.42 | 49.41 | 19.59 | 52.54 |
CSR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Centerspace earns an operating margin of 29.2%, above the Real Estate sector average of 24.7%. Operating margins have compressed from 32.3% to 29.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 2.0% is modest. ROIC of 4.2% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.0% | 3.0% | 56.9% | 55.9% | 53.8% | 55.1% | 55.6% | 54.5% | 53.7% | 57.1% | 58.0% |
| Operating Margin | 29.2% | 29.2% | 7.8% | 32.3% | 5.4% | 14.8% | 19.0% | 6.1% | -14.0% | -6.7% | 21.0% |
| Net Profit Margin | 5.0% | 5.0% | -4.1% | 16.1% | -5.2% | 0.3% | 2.9% | 26.2% | 68.8% | 21.1% | 38.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.0% | 2.0% | -1.2% | 4.4% | -1.4% | 0.1% | 0.7% | 7.0% | 17.6% | 6.4% | 9.9% |
| ROA | 0.9% | 0.9% | -0.6% | 2.1% | -0.7% | 0.0% | 0.4% | 3.5% | 8.1% | 2.7% | 3.8% |
| ROIC | 4.2% | 4.2% | 0.8% | 3.3% | 0.5% | 1.4% | 1.9% | 0.6% | -1.3% | -0.7% | 1.9% |
| ROCE | 5.9% | 5.9% | 1.1% | 4.6% | 0.8% | 2.0% | 2.7% | 0.9% | -1.8% | -0.9% | 2.5% |
CSR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Centerspace carries a Debt/EBITDA ratio of 4.7x, which is highly leveraged (39% below the sector average of 7.7x). Net debt stands at $1.0B ($1.0B total debt minus $13M cash). Interest coverage of just 1.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.21 | 1.21 | 1.06 | 0.97 | 1.04 | 0.84 | 1.04 | 0.93 | 1.02 | 1.20 | 1.28 |
| Debt / EBITDA | 4.72 | 4.72 | 7.46 | 4.88 | 8.39 | 6.96 | 6.51 | 3.51 | 4.74 | 18.46 | 4.61 |
| Net Debt / Equity | — | 1.19 | 1.05 | 0.96 | 1.03 | 0.81 | 1.04 | 0.89 | 1.01 | 1.15 | 1.18 |
| Net Debt / EBITDA | 4.66 | 4.66 | 7.36 | 4.84 | 8.31 | 6.71 | 6.51 | 3.37 | 4.66 | 17.76 | 4.28 |
| Debt / FCF | — | 15.68 | 22.68 | 29.56 | 28.15 | 17.13 | 23.25 | 12.78 | 24.25 | 9.90 | 26.79 |
| Interest Coverage | 1.52 | 1.52 | 0.62 | 2.35 | 0.46 | 0.93 | 1.16 | 3.78 | 0.32 | -0.07 | -0.35 |
CSR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.27x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.32x to 0.27x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.27 | 0.27 | 0.49 | 0.32 | 0.16 | 0.71 | 0.22 | 0.87 | 0.17 | 0.67 | 2.26 |
| Quick Ratio | 0.27 | 0.27 | 0.49 | 0.32 | 0.16 | 0.71 | 0.22 | 0.87 | 0.15 | 0.67 | 2.26 |
| Cash Ratio | 0.06 | 0.06 | 0.11 | 0.09 | 0.06 | 0.23 | 0.00 | 0.27 | 0.08 | 0.23 | 0.49 |
| Asset Turnover | — | 0.18 | 0.14 | 0.14 | 0.13 | 0.10 | 0.12 | 0.13 | 0.12 | 0.14 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 18.59 | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CSR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Centerspace returns 4.9% to shareholders annually — split between a 4.5% dividend yield and 0.4% buyback yield. The payout ratio exceeds 100% at 290.4%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 1.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.5% | 4.6% | 4.5% | 4.4% | 5.0% | 2.2% | 3.9% | 3.4% | 4.6% | 4.7% | 6.8% |
| Payout Ratio | 290.4% | 290.4% | — | 104.2% | — | 6299.0% | 689.7% | 67.6% | 28.1% | 77.7% | 77.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.5% | 1.5% | — | 4.0% | — | — | — | 5.1% | 16.3% | 6.1% | 8.8% |
| FCF Yield | 5.7% | 5.7% | 4.1% | 3.1% | 4.0% | 2.8% | 3.5% | 5.1% | 4.0% | 10.3% | 3.9% |
| Buyback Yield | 0.4% | 0.4% | 0.5% | 1.2% | 3.7% | 0.0% | 0.6% | 2.7% | 18.6% | 1.4% | 0.6% |
| Total Shareholder Yield | 4.9% | 5.0% | 4.9% | 5.6% | 8.7% | 2.2% | 4.6% | 6.2% | 23.2% | 6.1% | 7.4% |
| Shares Outstanding | — | $17M | $16M | $17M | $15M | $16M | $13M | $13M | $13M | $12M | $14M |
Peer Comparison
Compare CSR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CSRYou | $1B | 66.2 | 9.9 | 17.6 | 3.0% | 29.2% | 2.0% | 4.2% | 4.7 |
 NHI | $4B | 24.9 | 17.2 | 16.5 | 36.7% | 51.5% | 9.7% | 5.6% | 4.2 |
 IRT | $4B | 68.2 | 16.7 | 26.3 | -14.9% | 18.4% | 1.6% | 1.6% | 6.3 |
 NXRT | $756M | -23.7 | 18.6 | 9.0 | 84.3% | 11.1% | -8.9% | 1.1% | 12.6 |
 BRT | $277M | -22.3 | 20.3 | 25.6 | 0.2% | 11.4% | -6.3% | 1.3% | 13.6 |
 ELME | $188M | -1.2 | — | 3.0 | — | — | -23.3% | -15.3% | — |
 UDR | $12B | 32.7 | 18.1 | 19.6 | 25.6% | 18.8% | 8.8% | 2.3% | 6.2 |
 EQR | $25B | 22.6 | 15.6 | 19.1 | 46.3% | 36.3% | 9.7% | 4.2% | 4.1 |
 AVB | $26B | 25.1 | 19.1 | 18.3 | 67.0% | 30.1% | 8.9% | 3.3% | 5.1 |
 ESS | $17B | 25.7 | 16.7 | 16.0 | 68.8% | 43.9% | 11.7% | 5.0% | 4.8 |
 MAA | $15B | 34.5 | 16.5 | 21.1 | 31.8% | 28.0% | 7.5% | 4.2% | 4.4 |
| Real Estate Median | — | 24.2 | 16.8 | 15.6 | 50.1% | 24.7% | 3.5% | 2.7% | 7.7 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonCSR — Frequently Asked Questions
Quick answers to the most common questions about buying CSR stock.
What is Centerspace's P/E ratio?
Centerspace's current P/E ratio is 66.2x. The historical average is 43.5x. This places it at the 87th percentile of its historical range.
What is Centerspace's EV/EBITDA?
Centerspace's current EV/EBITDA is 9.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.7x.
What is Centerspace's ROE?
Centerspace's return on equity (ROE) is 2.0%. The historical average is 4.3%.
Is CSR stock overvalued?
Based on historical data, Centerspace is trading at a P/E of 66.2x. This is at the 87th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Centerspace's dividend yield?
Centerspace's current dividend yield is 4.51% with a payout ratio of 290.4%.
What are Centerspace's profit margins?
Centerspace has 3.0% gross margin and 29.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Centerspace have?
Centerspace's Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.