Centerspace (CSR) AI Stock Analysis

Centerspace is a dedicated owner and operator of apartment communities established in 1970. As of June 30, 2021, the company oversaw a portfolio of 62 apartment communities encompassing 11,579 apartment homes. Its residential properties are strategically located across Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace operates with 334 employees and focuses on property management, maintenance, customer service, and resident satisfaction across both urban and suburban settings.

Between FY2021 and FY2025, Centerspace increased annual revenue from $201.7M to $353.1M, achieving a 5-year revenue CAGR of 14.7%. Revenue rose 35.3% in FY2025, though gross margin contracted to 3.0% from 56.9% in FY2024. Operating margin came in at 29.2% in FY2025, with net income recovering to $17.6M after a net loss of -$10.7M in FY2024. For the trailing twelve months ended June 30, 2026, revenue stood at $268.9M with an operating margin of 12.6% and net margin of 8.1%. In the latest quarter, revenue fell 4.0% year-over-year.

As of June 30, 2026, Centerspace held $8.6M in cash and short-term investments against $989.6M in total debt, resulting in net debt of $981.0M. Shareholders' equity was $686.2M, with a debt-to-equity ratio of 1.44 and a current ratio of 14.07. In FY2025, operating cash flow was $98.5M and free cash flow reached $64.3M. Cash capital deployment in FY2025 included $34.2M for capital expenditures, $51.6M for dividends paid, and $4.6M for share buybacks.

Centerspace carries a market capitalization of $991.8M and an enterprise value of $1.91B. It trades at a trailing P/E of 44.5x and a forward P/E of 55.6x, compared to medians of 21.6x and 23.5x for its US-listed Real Estate peers. Its EV/EBITDA of 17.4x also exceeds the peer median of 14.7x, while its price-to-sales of 3.7x aligns with the peer median. Centerspace's 1-year return of -2.6% and 5-year return of -29.1% both lag the S&P 500 returns of 16.8% and 83.0%, respectively.

Centerspace pays a quarterly dividend with an annualized forward payout of $3.08 per share, representing a 5.50% dividend yield. The trust has distributed dividends for 30 consecutive years and delivered a 5-year annualized dividend growth rate of 1.9%. The current payout ratio is elevated at 183.3%. Its last ex-dividend date was September 29, 2026.

Wall Street analysts maintain 1 Strong Buy, 2 Buys, and 6 Holds on Centerspace, with no Sell ratings. The mean price target is $63.43, implying a 13.2% premium over the last closing price of $56.04. Consensus estimates expect FY2026 revenue of $255.8M and an EPS of -$0.93. Centerspace has beaten EPS estimates in 1 of the last 4 quarters, with its next earnings report scheduled for November 2, 2026.

This page is an AI-written research summary of Centerspace (CSR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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