Centerspace (CSR) AI Stock Analysis

• Market Cap: $1.18B
• Dividend Yield: 4.58%
• Average Volume (3M): 225.99K
• Price to Earnings (P/E): 50.3
• Beta (1Y): 0.39
• Revenue Growth: 36.82%
• EPS Growth: N/A
• Country: US
• Employees: 374
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Residential
• EPS (TTM): 3.19
• Shares Outstanding: 16,703,468
• 10 Day Avg. Volume: 266,135
• 30 Day Avg. Volume: 225,989
• PEG Ratio: 0.65
• Price to Book (P/B): 1.53
• Price to Sales (P/S): 3.93
• P/FCF Ratio: 10.44
• Enterprise Value/Market Cap: 2.01
• Enterprise Value/Revenue: 8.71
• Enterprise Value/Gross Profit: 13.26
• Enterprise Value/Ebitda: 20.98
• 1Y Price Target: $69.28
• Price Target Upside: 3.40% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: $65.00 ▼(-2.99% Downside)

Centerspace's overall score reflects mixed financial performance with concerns over profitability and cash flow management. Technical indicators suggest potential bearish momentum, while valuation metrics indicate possible overvaluation. Positive earnings call highlights and strategic corporate events provide some optimism.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for Centerspace's properties, supporting long-term business stability and expansion potential.

Strategic Transactions

Strategic transactions enhance geographic footprint and portfolio quality, improving market diversification and operational efficiency.

Same-Store NOI Growth

Strong same-store NOI growth reflects effective property management and operational execution, contributing to sustainable income streams.

Negative Factors

Profitability Concerns

Negative profitability indicates challenges in cost management and pricing strategy, potentially affecting long-term financial health.

Declining Free Cash Flow

Declining free cash flow may limit Centerspace's ability to invest in growth opportunities and manage debt, impacting future financial flexibility.

Denver Market Challenges

Supply pressures in Denver could lead to reduced rental income and occupancy rates, affecting overall revenue growth and market performance.

Centerspace Business Overview & Revenue Model

Company Description

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. For more information, please visit www.centerspacehomes.com.

How the Company Makes Money

Centerspace generates revenue primarily through rental income from its multifamily properties. The company leases residential units to tenants, which provides a steady stream of monthly rental payments. Additionally, Centerspace benefits from lease renewals and rent increases, which can enhance revenue over time. The company may also derive income from ancillary services such as parking fees, maintenance services, and community amenities. Strategic partnerships with local businesses and service providers can also create additional revenue opportunities through referrals and joint promotions, further contributing to its earnings.

Centerspace Financial Statement Overview

Summary

Centerspace shows positive revenue growth but struggles with profitability, as indicated by a negative net profit margin. The balance sheet reflects improved leverage management, yet returns on equity are negative. Cash flow management is concerning due to declining free cash flow.

Income Statement

Centerspace shows a consistent revenue growth trend, with a TTM revenue increase of 2.39%. However, profitability is a concern as indicated by a negative net profit margin of -7.56% in the TTM. The gross profit margin remains stable at around 56.7%, but the EBIT margin has decreased significantly from previous years, reflecting operational challenges.

Balance Sheet

The company has a moderate debt-to-equity ratio of 0.73 in the TTM, showing improvement from previous years, which indicates better leverage management. However, the return on equity is negative, suggesting that the company is not generating sufficient returns on its equity base. The equity ratio is stable, reflecting a balanced asset structure.

Cash Flow

Operating cash flow remains positive, but the free cash flow has decreased by 23.93% in the TTM, indicating potential cash management issues. The free cash flow to net income ratio is strong at 1.35, suggesting good cash generation relative to net income, despite the latter being negative.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	273.45M	260.98M	261.31M	256.72M	201.71M	177.99M
Gross Profit	179.54M	148.61M	146.14M	138.18M	111.10M	99.03M
EBITDA	113.52M	130.74M	188.83M	121.32M	123.00M	110.42M
Net Income	-21.63M	-10.69M	41.97M	-13.47M	611.00K	5.08M
Balance Sheet
Total Assets	2.10B	1.91B	1.93B	2.03B	1.94B	1.46B
Cash, Cash Equivalents and Short-Term Investments	12.90M	12.03M	8.63M	10.46M	31.27M	392.00K
Total Debt	522.06M	955.38M	916.02M	1.01B	856.05M	719.19M
Total Liabilities	1.21B	1.01B	978.78M	1.07B	918.45M	774.80M
Stockholders Equity	748.64M	670.46M	726.39M	746.10M	797.36M	634.77M
Cash Flow
Free Cash Flow	104.41M	98.25M	89.52M	35.30M	48.15M	30.91M
Operating Cash Flow	104.41M	98.25M	89.52M	91.99M	84.03M	61.23M
Investing Cash Flow	-117.28M	-50.72M	120.21M	-160.09M	-267.23M	-164.97M
Financing Cash Flow	61.46M	-43.67M	-212.35M	41.37M	214.51M	64.93M

Centerspace Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 67.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CSR, the sentiment is Positive. The current price of 67 is above the 20-day moving average (MA) of 65.39, above the 50-day MA of 63.92, and above the 200-day MA of 59.46, indicating a bullish trend. The MACD of 0.87 indicates Negative momentum. The RSI at 59.74 is Neutral, neither overbought nor oversold. The STOCH value of 63.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CSR.

Centerspace Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UMH	71 Outperform	$1.37B	211.02	3.02%	5.66%	8.91%	-39.58%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
VRE	63 Neutral	$1.42B	22.79	5.33%	2.17%	3.37%	―
CSR	59 Neutral	$1.18B	50.29	4.30%	4.58%	36.82%	―
BRT	52 Neutral	$279.22M	-27.83	-4.89%	6.98%	1.62%	11.38%
NXRT	51 Neutral	$781.08M	-16.01	-12.63%	7.06%	-4.46%	-206.19%
AIV	49 Neutral	$854.37M	-5.92	171.00%	7.42%	-4.63%	42.39%

Centerspace Corporate Events

Centerspace Unveils Strategic Transactions in Investor Presentation

On November 10, 2025, Centerspace released an investor presentation detailing its financial and operational results for the first nine months of 2025. The company highlighted its strategic transactions, including the acquisition of properties in Salt Lake City and Fort Collins, which enhance its geographic footprint and portfolio quality. Centerspace also completed significant dispositions in St. Cloud and Minneapolis, aiming to improve market diversification and operational efficiency. These moves are part of Centerspace’s strategy to capitalize on valuation mismatches and strengthen its market position.

The most recent analyst rating on (CSR) stock is a Hold with a $63.00 price target. To see the full list of analyst forecasts on Centerspace stock, see the CSR Stock Forecast page.