Centerspace

NYSE:CSR Stock Report

Market Cap: US$1.2b

Centerspace Dividends and Buybacks

Dividend criteria checks 4/6

Centerspace is a dividend paying company with a current yield of 4.52% that is well covered by earnings.

Key information

4.5%

Dividend yield

0.4%

Buyback Yield

Total Shareholder Yield4.9%
Future Dividend Yield4.9%
Dividend Growth-5.0%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio57%

Recent dividend and buyback updates

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
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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

Stability and Growth of Payments

Fetching dividends data

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.

Dividend Yield vs Market

Centerspace Dividend Yield vs Market
How does CSR dividend yield compare to the market?
SegmentDividend Yield
Company (CSR)4.5%
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.2%
Industry Average (Residential REITs)4.3%
Analyst forecast (CSR) (up to 3 years)4.9%

Notable Dividend: CSR's dividend (4.52%) is higher than the bottom 25% of dividend payers in the US market (1.41%).

High Dividend: CSR's dividend (4.52%) is in the top 25% of dividend payers in the US market (4.22%)

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (56.9%), CSR's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (57.7%), CSR's dividend payments are covered by cash flows.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 00:00
End of Day Share Price 2026/05/26 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

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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. 7 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.