Centerspace (CSR) AI Stock Analysis

• Market Cap: $1.18B
• Dividend Yield: 4.6%
• Average Volume (3M): 172.84K
• Price to Earnings (P/E): 50.4
• Beta (1Y): 0.46
• 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: 272,888
• 30 Day Avg. Volume: 172,841
• 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: 2.02
• Enterprise Value/Revenue: 8.71
• Enterprise Value/Gross Profit: 13.26
• Enterprise Value/Ebitda: 20.98
• 1Y Price Target: $68.61
• Price Target Upside: 3.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: $71.00 ▲(6.62% Upside)

Centerspace's stock score is primarily driven by strong technical momentum and positive earnings call highlights, despite concerns about profitability and valuation. The company's financial performance shows mixed results, with revenue growth offset by profitability challenges. The high P/E ratio suggests potential overvaluation, but the dividend yield is attractive.

Positive Factors

Market Expansion

Expanding into new markets like Salt Lake City and Colorado enhances Centerspace's portfolio, increasing exposure to institutional markets and potentially boosting long-term revenue growth.

High Occupancy Rates

Maintaining high occupancy rates at 96.1% indicates strong demand for Centerspace's properties, supporting stable rental income and long-term revenue sustainability.

Revenue Growth in Tertiary Markets

Strong revenue growth in tertiary markets like North Dakota and Omaha suggests successful market penetration and potential for continued expansion in less competitive regions.

Negative Factors

Profitability Challenges

Ongoing profitability challenges, as indicated by a negative net profit margin, could hinder Centerspace's ability to reinvest in growth and maintain financial health.

Cash Flow Management Issues

A significant decrease in free cash flow suggests potential cash management issues, which could impact Centerspace's ability to fund operations and growth initiatives.

Dilution from Transactions

Expected dilution from recent transactions may impact earnings per share, potentially affecting investor sentiment and the company's ability to raise capital.

Centerspace Business Overview & Revenue Model

Company Description

Centerspace (CSR) is a real estate investment trust (REIT) that focuses on the acquisition, development, and management of residential and commercial properties. Primarily operating in the multifamily housing sector, Centerspace aims to provide high-quality living spaces for its tenants while enhancing shareholder value through strategic property management and investment in growing markets. The company emphasizes community engagement and sustainability in its operations, ensuring that its properties meet the evolving needs of residents and businesses alike.

How the Company Makes Money

Centerspace generates revenue primarily through rental income derived from its multifamily and commercial properties. The company charges tenants monthly rent, which constitutes the bulk of its earnings. Additionally, Centerspace benefits from property management fees and may engage in the sale of properties to realize capital gains. The company often forms partnerships with local developers and municipalities to enhance its property offerings and expand its portfolio. Strategic investments in high-demand markets further contribute to its profitability, as increased occupancy rates and rental prices can significantly boost revenue.

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: 66.59
• 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 66.59 is above the 20-day moving average (MA) of 63.02, above the 50-day MA of 60.39, and above the 200-day MA of 59.52, indicating a bullish trend. The MACD of 2.09 indicates Negative momentum. The RSI at 67.36 is Neutral, neither overbought nor oversold. The STOCH value of 70.29 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	70 Outperform	$1.29B	198.82	3.02%	5.97%	8.91%	-39.58%
VRE	68 Neutral	$1.37B	22.65	5.33%	2.14%	3.37%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
CSR	65 Neutral	$1.18B	50.37	4.30%	4.60%	36.82%	―
AIV	51 Neutral	$755.78M	-10.93	171.00%	7.59%	-4.63%	42.39%
NXRT	51 Neutral	$803.75M	―	-12.63%	6.68%	-4.46%	-206.19%
BRT	45 Neutral	$281.31M	―	-4.89%	7.06%	1.62%	11.38%

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.

Centerspace Reports Strong Q3 2025 Earnings

Centerspace is a real estate investment trust (REIT) that owns and operates apartment communities across several states in the United States, focusing on providing quality living spaces. In its latest earnings report for the third quarter of 2025, Centerspace reported a significant turnaround in net income, achieving $3.19 per diluted share compared to a loss of $0.40 in the same period last year. The company also saw a 9.8% increase in revenue, reaching $71.4 million, driven by a 2.4% rise in same-store revenues. Key financial metrics showed improvement, with Funds from Operations (FFO) per diluted share increasing to $1.19. Centerspace’s strategic activities included acquiring a new property in Colorado and selling five communities in Minnesota, which contributed to its financial performance. Looking ahead, Centerspace has updated its financial outlook for 2025, with expectations of continued growth in same-store net operating income and a stable financial position supported by its liquidity and strategic asset management.

Centerspace Earnings Call: Strong NOI Growth Amid Challenges

In the recent earnings call, Centerspace conveyed a generally positive sentiment, highlighting robust performance in same-store NOI growth and successful capital recycling efforts. The company expressed optimism about market trends in Minneapolis and North Dakota, though it acknowledged challenges in the Denver market and adjustments in Core FFO guidance due to increased expenses and strategic transactions.

Centerspace Completes $124M Sale in St. Cloud

On September 23, 2025, Centerspace announced the completion of the sale of five communities in St. Cloud, Minnesota, for $124 million, marking its exit from that market. This sale is part of a broader strategy to reposition its portfolio, improve community quality, and diversify holdings, with proceeds aimed at reducing leverage and supporting corporate purposes. The company is also considering various capital allocation strategies to enhance shareholder value.

The most recent analyst rating on (CSR) stock is a Hold with a $62.00 price target. To see the full list of analyst forecasts on Centerspace stock, see the CSR Stock Forecast page.

Centerspace Releases Investor Presentation on 2025 Results

On September 5, 2025, Centerspace released an investor presentation detailing financial and operational results for the first half of 2025. The presentation highlighted the company’s strategic initiatives, including acquisitions in Salt Lake City and Fort Collins to enhance market exposure and asset quality. The company also reported on its leasing trends and financial outlook, indicating a favorable growth profile with strategic transactions planned for 2025 to optimize its portfolio.

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.

Centerspace Releases 2024 ESG and TCFD Reports

On August 13, 2025, Centerspace announced the release of its 2024 Environmental, Social, and Governance (ESG) Report, along with its first Task Force on Climate Related Financial Disclosures (TCFD) report. This marks the company’s sixth annual ESG report, highlighting its dedication to sustainable practices in the multifamily industry. The 2024 report aligns with GRI’s Universal and Topic Standards and the United Nations Sustainable Development Goals, achieving four out of five ESG goals ahead of schedule, and improving its GRESB score from 63 to 70. Centerspace’s commitment to sustainability is further demonstrated by its efforts in climate risk mitigation and resource management, aiming to synthesize growth with environmental care.

The most recent analyst rating on (CSR) stock is a Hold with a $75.00 price target. To see the full list of analyst forecasts on Centerspace stock, see the CSR Stock Forecast page.