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CenterspaceNYSE:CSR Stock Report

Market Cap US$1.1b
Share Price
US$60.00
US$67.59
11.2% undervalued intrinsic discount
1Y-5.7%
7D-11.4%
1D
Portfolio Value
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Centerspace

NYSE:CSR Stock Report

Market Cap: US$1.1b

Centerspace (CSR) Stock Overview

An owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. More details

CSR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health0/6
Dividends4/6

Rewards

Trading at 32.7% below our estimate of its fair value

Earnings are forecast to grow 17.91% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Unstable dividend track record

Large one-off items impacting financial results


CSR Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

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Centerspace Competitors

Price History & Performance

Summary of share price highs, lows and changes for Centerspace
Historical stock prices
Current Share PriceUS$60.00
52 Week HighUS$69.61
52 Week LowUS$52.76
Beta0.89
1 Month Change-8.34%
3 Month Change-4.90%
1 Year Change-5.75%
3 Year Change-3.95%
5 Year Change-20.46%
Change since IPO-17.24%

Recent News & Updates

Seeking Alpha • May 23

Centerspace: Attractive Valuation After A Weak Start To 2026

Summary Centerspace shares have lagged U.S. REIT peers in early 2026, pressured by weak Q1 2026 results and broad-based weakness in multifamily valuations as a result of higher rates. CSR is undergoing a strategic review, with a potential outcome to be communicated alongside Q2 2026 results. CSR offers a 7% market-implied capitalization rate and a staggered debt maturity with below-market rates, making it an interesting acquisition target. Even if CSR remains a standalone company, the low Core FFO multiple points to an attractive entry point in light of an overall modest company leverage. No material outcome of the strategic review, further declines in occupancy and net operating income, as well as sizable 2028 maturities are key risks in the investment case. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • May 23

Centerspace: Attractive Valuation After A Weak Start To 2026

Summary Centerspace shares have lagged U.S. REIT peers in early 2026, pressured by weak Q1 2026 results and broad-based weakness in multifamily valuations as a result of higher rates. CSR is undergoing a strategic review, with a potential outcome to be communicated alongside Q2 2026 results. CSR offers a 7% market-implied capitalization rate and a staggered debt maturity with below-market rates, making it an interesting acquisition target. Even if CSR remains a standalone company, the low Core FFO multiple points to an attractive entry point in light of an overall modest company leverage. No material outcome of the strategic review, further declines in occupancy and net operating income, as well as sizable 2028 maturities are key risks in the investment case. Read the full article on Seeking Alpha
User avatar
New Narrative • May 04

Midwest And Mountain West Demand Will Secure Future Success

Strong demand in key regions and a decrease in new apartment supply bolster revenue growth through improved leasing and occupancy rates.
Seeking Alpha • Jan 21

Centerspace: Midwestern Apartments At A Discount

Summary Centerspace is a Midwest-focused apartment REIT trading at a discount to peers, with strong near-term AFFO/share growth prospects not priced in. CSR's clever acquisition strategy, including using OP units, allows for accretive purchases in growth markets, enhancing long-term performance. The Midwest's stable rental market and CSR's significant presence in Minneapolis and Denver contribute to its outperformance in same-store NOI growth. CSR's valuation is attractive, trading at 79.7% of NAV and 14.9X AFFO, with potential for capital appreciation as it closes the multiple gap with peers. Read the full article on Seeking Alpha
Seeking Alpha • Sep 06

Centerspace: One Of The Cheapest Multifamily REITs

Summary Centerspace focuses on residential properties in Minnesota and Colorado. Its portfolio should benefit from stable population growth and lower unemployment rates in key markets. With manageable leverage, adequate liquidity, and a well-structured debt maturity profile, Centerspace faces minimal solvency risk and offers an attractive forward AFFO yield. Despite some risks, Centerspace's share price creates an opportunity for value investors. Read the full article on Seeking Alpha
Seeking Alpha • Jan 27

Centerspace: A Value Buy In The Multifamily Space

Summary Centerspace has underperformed the S&P 500 and Vanguard Real Estate ETF over the past year but deserves more credit. CSR has made progress in portfolio transformation and optimizing its properties for better operating efficiencies. The company has shown steady growth in rent and same-store NOI and offers an appealing and well-covered dividend, leaving plenty of room for further deleveraging. Read the full article on Seeking Alpha
Seeking Alpha • Nov 06

Centerspace: Viewed Neutrally Despite Positive Developments And Forward Guidance

Summary Multifamily operator, Centerspace, raised the midpoint of full-year core FFO and announced an entry into a new MSA, Fort Collins, Colorado. The entry into Fort Collins provides an attractive opportunity for CSR to attract new tenants into their properties. Slowing rental rate growth, however, may offset some of this benefit. The company is also experiencing rising insurance costs, which are expected to continue into 2024. While shares are more discounted at current trading levels, I continue to view the stock neutrally. Read the full article on Seeking Alpha
Seeking Alpha • Aug 09

Centerspace: Improving Debt Position, Shares Fairly Valued

Summary Midwestern and Mountain state multifamily operator, Centerspace, reported strong Q2 results that included positive revisions to full-year guidance. The company has also made significant progress in lowering their overall debt load. The increased flexibility is providing CSR with the ability to redirect capital to other priorities, such as acquisitions and value-add type renovations. Despite the positive outlook, I view shares as fairly valued in the current market environment. Read the full article on Seeking Alpha

Shareholder Returns

CSRUS Residential REITsUS Market
7D-11.4%1.6%-0.1%
1Y-5.7%-6.1%26.3%

Return vs Industry: CSR exceeded the US Residential REITs industry which returned -8.8% over the past year.

Return vs Market: CSR underperformed the US Market which returned 26.2% over the past year.

Price Volatility

Is CSR's price volatile compared to industry and market?
CSR volatility
CSR Average Weekly Movement4.5%
Residential REITs Industry Average Movement2.9%
Market Average Movement7.2%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: CSR has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: CSR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1970342Anne Olsonwww.centerspacehomes.com

Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. As of March 31, 2026, Centerspace owned 61 apartment communities consisting of 12,263 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. Centerspace was named a top workplace for the sixth consecutive year in 2025 by the Minnesota Star Tribune.

Centerspace Fundamentals Summary

How do Centerspace's earnings and revenue compare to its market cap?
CSR fundamental statistics
Market capUS$1.07b
Earnings (TTM)US$7.95m
Revenue (TTM)US$271.64m
126.9x
P/E Ratio
3.7x
P/S Ratio

Is CSR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CSR income statement (TTM)
RevenueUS$271.64m
Cost of RevenueUS$111.67m
Gross ProfitUS$159.97m
Other ExpensesUS$152.02m
EarningsUS$7.95m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.47
Gross Margin58.89%
Net Profit Margin2.93%
Debt/Equity Ratio124.5%

How did CSR perform over the long term?

See historical performance and comparison

Dividends

5.1%
Current Dividend Yield
57%
Payout Ratio

Does CSR pay a reliable dividends?

See CSR dividend history and benchmarks
When do you need to buy CSR by to receive an upcoming dividend?
Centerspace dividend dates
Ex Dividend DateJun 29 2026
Dividend Pay DateJul 14 2026
Days until Ex dividend23 days
Days until Dividend pay date38 days

Does CSR pay a reliable dividends?

See CSR dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/04 10:18
End of Day Share Price 2026/06/04 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Centerspace is covered by 15 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amanda SweitzerBaird
Robert StevensonBrean Capital Historical (Janney Montgomery)
Gaurav MehtaB. Riley Securities, Inc.