| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
CSR Overview
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others.
Centerspace Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$99.60 |
| 52 Week High | US$64.21 |
| 52 Week Low | US$108.19 |
| Beta | 0.93 |
| 1 Month Change | 2.72% |
| 3 Month Change | 10.10% |
| 1 Year Change | 45.27% |
| 3 Year Change | 85.48% |
| 5 Year Change | 61.17% |
| Change since IPO | 37.38% |
Recent News & Updates
Shareholder Returns
| CSR | US REITs | US Market | |
|---|---|---|---|
| 7D | 1.5% | 2.2% | 4.0% |
| 1Y | 45.3% | 33.3% | 30.5% |
Return vs Industry: CSR exceeded the US REITs industry which returned 34.4% over the past year.
Return vs Market: CSR exceeded the US Market which returned 30% over the past year.
Price Volatility
| CSR volatility | |
|---|---|
| CSR Beta | 0.93 |
| Industry Beta | 0.84 |
| Market Beta | 1 |
Stable Share Price: CSR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CSR's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1970 | 353 | Mark Decker | https://www.centerspacehomes.com |
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of June 30, 2021, Centerspace owned 62 apartment communities consisting of 11,579 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune.
Centerspace Fundamentals Summary
| CSR fundamental statistics | |
|---|---|
| Market Cap | US$1.49b |
| Earnings (TTM) | US$25.49m |
| Revenue (TTM) | US$182.98m |
58.3x
P/E Ratio8.1x
P/S RatioIs CSR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CSR income statement (TTM) | |
|---|---|
| Revenue | US$182.98m |
| Cost of Revenue | US$81.21m |
| Gross Profit | US$101.77m |
| Expenses | US$76.28m |
| Earnings | US$25.49m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 01, 2021
| Earnings per share (EPS) | 1.71 |
| Gross Margin | 55.62% |
| Net Profit Margin | 13.93% |
| Debt/Equity Ratio | 93.6% |
How did CSR perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield82%
Payout RatioValuation
Is Centerspace undervalued compared to its fair value and its price relative to the market?
29.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CSR ($99.6) is trading below our estimate of fair value ($141.1)
Significantly Below Fair Value: CSR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CSR is poor value based on its PE Ratio (58.3x) compared to the US REITs industry average (51.7x).
PE vs Market: CSR is poor value based on its PE Ratio (58.3x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: CSR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CSR is overvalued based on its PB Ratio (2.5x) compared to the US REITs industry average (2.1x).
Future Growth
How is Centerspace forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
-96.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CSR's earnings are forecast to decline over the next 3 years (-96.2% per year).
Earnings vs Market: CSR's earnings are forecast to decline over the next 3 years (-96.2% per year).
High Growth Earnings: CSR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CSR's revenue (2.8% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: CSR's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CSR's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Centerspace performed over the past 5 years?
55.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSR has a large one-off gain of $52.0M impacting its June 30 2021 financial results.
Growing Profit Margin: CSR's current net profit margins (13.9%) are lower than last year (34.7%).
Past Earnings Growth Analysis
Earnings Trend: CSR has become profitable over the past 5 years, growing earnings by 55.4% per year.
Accelerating Growth: CSR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CSR had negative earnings growth (-59.5%) over the past year, making it difficult to compare to the REITs industry average (4.5%).
Return on Equity
High ROE: CSR's Return on Equity (4.6%) is considered low.
Financial Health
How is Centerspace's financial position?
Financial Position Analysis
Short Term Liabilities: CSR's short term assets ($20.2M) do not cover its short term liabilities ($52.4M).
Long Term Liabilities: CSR's short term assets ($20.2M) do not cover its long term liabilities ($693.4M).
Debt to Equity History and Analysis
Debt Level: CSR's debt to equity ratio (93.6%) is considered high.
Reducing Debt: CSR's debt to equity ratio has reduced from 131.6% to 93.6% over the past 5 years.
Debt Coverage: CSR's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: CSR's interest payments on its debt are not well covered by EBIT (0.3x coverage).
Balance Sheet
Dividend
What is Centerspace current dividend yield, its reliability and sustainability?
2.89%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CSR's dividend (2.89%) is higher than the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: CSR's dividend (2.89%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: CSR's dividend payments have been volatile in the past 10 years.
Growing Dividend: CSR's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (82.2%), CSR's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CSR's dividends in 3 years are forecast to be covered by earnings (55.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Mark Decker (45 yo)
4.5yrs
Tenure
US$1,675,269
Compensation
Mr. Mark O. Decker Jr., serves as an Independent Director of Alpine Income Property Trust, Inc. since November 22, 2019. He serves as the Chief Executive Officer and Trustee at Centerspace (formerly known...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD1.68M) is below average for companies of similar size in the US market ($USD3.53M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CSR's management team is considered experienced (4.3 years average tenure).
Board Members
Experienced Board: CSR's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.8%.
Top Shareholders
Company Information
Centerspace's employee growth, exchange listings and data sources
Key Information
- Name: Centerspace
- Ticker: CSR
- Exchange: NYSE
- Founded: 1970
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$1.487b
- Market Cap: US$1.399b
- Shares outstanding: 14.93m
- Website: https://www.centerspacehomes.com
Number of Employees
Location
- Centerspace
- 3100 10th Street SW
- Minot
- North Dakota
- 58702
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/19 23:38 |
| End of Day Share Price | 2021/10/19 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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 here.