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Centerspace(NYSE) CSR

Market Cap$921.48MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1997)+314%
5 Year-24%
1 Year+6%
1 Month-3%
$54.94
-1.91%
-1.07Today
After hours$54.96+$0.02 (+0.04%)
Centerspace last closing stock price
MetricPriceDate
Last closeUSD 54.842026-07-31
Centerspace stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.6%USD 55.732026-07-24
1 month-2.61%USD 56.312026-07-01
3 month-18.7%USD 67.462026-05-01
Year to date-15.55%USD 64.942025-12-31
1 year+6.09%USD 51.692025-07-31
3 year-4.53%USD 57.442023-08-01
5 year-23.53%USD 71.722021-07-30
Since inception+314.29%USD 13.241997-10-17

Centerspace Financials at a Glance

Market Cap

$921.48MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$271.64M

Net Income (TTM)

$8.33M

EPS (TTM)

-$0.02

P/E Ratio

-3115.91

Dividend

$3.08

Beta (Volatility)

0.60 (Low)

Price

$54.94

Volume

131,530.636

Open

$55.72

Previous Close

$54.84

Daily Range

$54.77 - $55.99

52-Week Range

$52.76 - $69.61

Estimated Earnings Date

Aug 3, 2026

CSR News

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Land & Buildings Initiates Significant Position in Centerspace, a Midwest-Focused Apartment REIT

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Hidden Stocks for High Returns

Rich DupreyMay 7, 2012

The 25 Highest-Yielding Dividend Champions

Jim RoyalMar 7, 2011

The 25 Highest-Yielding Dividend Champions

Jim RoyalDec 6, 2010

The Fool Looks Ahead

Rick MunarrizDec 4, 2010

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About Centerspace

Centerspace owns and manages apartment buildings across the American Midwest and Mountain West. The company provides people with a range of housing options in growing cities. It focuses on making homes better through renovations and buying new properties.

What Centerspace Actually Does

  • Multifamily Communities: Ownership and management of 61 apartment buildings containing 12,262 homes as of late 2025.
  • Property Redevelopment: Updating existing apartment homes to meet modern market demands and increase value.
  • Market Acquisitions: Purchasing new apartment communities in major metropolitan areas like Denver and Minneapolis.

Moving Toward a Potential Sale

  • Confirmed a formal review of strategic alternatives on November 11, 2025, to consider a sale or merger.
  • Expanded the borrowing capacity of its primary credit facility by $150 million to a total of $400 million in May 2025.
  • Amended a shelf agreement with PGIM in October 2024 to increase potential borrowing to $300 million.
  • Sold 1.6 million common shares during 2024 through an at-the-market program to raise $112 million.

Local Focus and Tax Efficiency

The company uses an Umbrella Partnership Real Estate Investment Trust (UPREIT) structure. This legal setup lets property owners trade buildings for partnership units without immediately paying certain taxes. Operations are concentrated in specific regions, allowing the company to use local market knowledge and staff more efficiently.

The Recent Financial Scorecard

  • Revenue reached $146.1 million in Q4 2025, up 120% from $66.4 million in Q4 2024.
  • Operating income grew to $27.9 million in Q4 2025, up 876.6% from the previous year.
  • Net income was negative $18.4 million in Q4 2025, which deepened and worsened from a $4.9 million loss in Q4 2024.
  • Free cash flow hit $2.7 million in Q4 2025, improved from a $7.3 million loss two years prior.
  • Total indebtedness represented 41.8% of gross real estate investments as of December 31, 2025.

Bottom Line

Centerspace has transitioned into a dedicated apartment owner focused on the Midwest and Mountain West. The company is now exploring a potential sale or merger while managing its portfolio of 12,262 rental homes.

AI Generated • May 1, 2026

Industry

Residential REITs

Sector

Real Estate

Employees

349

CEO

Anne M. Olson

Website

www.centerspacehomes.com

Headquarters

Minot, ND 58702, US

CSR Financials

Key Financial Metrics (TTM)

Gross Margin

38.26%

Operating Margin

2.82%

Net Income Margin

3.07%

Return on Equity

1.15%

Return on Capital

5.90%

Return on Assets

0.44%

Earnings Yield

-0.03%

Dividend Yield

5.62%

Payout Ratio

6.23%

Stock Overview

Market Cap

$921.48MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

16.80M

Volume

131.53K

Avg. Volume

154.17K

Financials (TTM)

Gross Profit

$103.94M

Operating Income

$7.67M

EBITDA

$171.06M

Operating Cash Flow

$94.45M

Capital Expenditure

-$24.39M

Free Cash Flow

$70.05M

Cash & ST Invst.

$7.56M

Total Debt

$1.02B

Centerspace Performance Analysis

Centerspace annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 256,757,00012.0%
20232023-12-31USD 332,553,00029.5%
20242024-12-31USD 260,406,000-21.7%
20252025-12-31USD 353,132,00035.6%
Centerspace sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-302.2%
Q32025-09-304.2%
Q42025-12-31-6.7%
Q12026-03-31-2.3%
Centerspace annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -1.35145.8%
20232023-12-31USD 2.32N/A
20242024-12-31USD -1.27N/A
20252025-12-31USD 1.02N/A
Centerspace sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-295.5%
Q32025-09-30466.7%
Q42025-12-31-134.5%
Q12026-03-3130.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$65.07M

-3.0%

Gross Profit

-$15.88M

-141.9%

Gross Margin

-24.40%

N/A

Market Cap

$921.48MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.64M

N/A

Employees

349

N/A

Net Income

-$12.83M

-259.0%

EBITDA

$22.00M

-34.2%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$7.56M

-36.6%

Total Debt

$1.02B

+6.3%

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$865.21M

-4.6%

Short Term Debt

$150.43M

+208.7%

Return on Assets

0.44%

N/A

Return on Invested Capital

0.46%

N/A

Free Cash Flow

$16.11M

-36.7%

Operating Cash Flow

$21.42M

-15.8%

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Questions About CSR

What is the current price of Centerspace?

Centerspace is trading at $54.84 per share.

What is the 52-week range for Centerspace?

Over the past 52 weeks, Centerspace has traded between $52.76 and $69.61.

How much debt does Centerspace have?

As of the most recent reporting period, Centerspace reported total debt of $1.02B.

How much cash does Centerspace have on hand?

Centerspace reported $10.27M in cash and cash equivalents in its most recent financial results.

What is Centerspace’s dividend yield?

Centerspace currently has a dividend yield of 5.62%.

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