CSR Stock Analysis: Centerspace | NYSE
REIT - Residential | NYSE, USA | Market Cap: 989m USD | 12M Return: -0.8% | US15202L1070 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 15.3M
Qual. Beats: 0
Rev. Trend: 74.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Centerspace (NYSE: CSR) is a real estate investment trust that owns and operates apartment communities, primarily in the Midwest and Mountain West regions of the United States. Founded in 1970 and incorporated in North Dakota, the company focuses on providing rental housing with an emphasis on integrity and resident service. As of June 30, 2026, Centerspaces portfolio consisted of 60 apartment communities totaling 12,090 homes across seven states: Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah.
As a Multi-Family Residential REIT, Centerspace generates revenue primarily through rental income from its apartment portfolio and is generally required to distribute the majority of its taxable income to shareholders as dividends. The company has been recognized for its workplace culture, being named a Top Workplace by USA Today in 2026 and by the Minnesota Star Tribune for seven consecutive years.
- Same-store rent growth and occupancy drive quarterly NOI
- Interest rate movements pressure apartment REIT cap rate spreads
- Sun Belt supply overhang shifts demand toward Mountain Midwest markets
| Net Income: 21.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.26 > 1.0 |
| NWC/Revenue: -62.76% < 20% (prev -44.02%; Δ -18.74% < -1%) |
| CFO/TA 0.05 > 3% & CFO 91.9m > Net Income 21.7m |
| Net Debt (981.0m) to EBITDA (184.9m): 5.30 < 3 |
| Current Ratio: 0.18 > 1.5 & < 3 |
| Outstanding Shares: last quarter (16.8m) vs 12m ago 0.41% < -2% |
| Gross Margin: 38.72% > 18% (prev 56.70%; Δ -17.97% > 0.5%) |
| Asset Turnover: 13.95% > 50% (prev 13.27%; Δ 0.69% > 0%) |
| Interest Coverage Ratio: 1.61 > 6 (EBIT TTM 73.4m / Interest Expense TTM 45.6m) |
| A: -0.09 (Total Current Assets 37.6m - Total Current Liabilities 206.3m) / Total Assets 1.84b |
| B: -0.37 (Retained Earnings -689.5m / Total Assets 1.84b) |
| C: 0.04 (EBIT TTM 73.4m / Avg Total Assets 1.93b) |
| D: 0.66 (Book Value of Equity 686.2m / Total Liabilities 1.04b) |
| Altman-Z'' = -0.88 = CCC |
As of October 15, 2026, the stock is trading at USD 55.47 with a total of 132,293 shares traded. Over the past week, the price has changed by +1.93%, over one month by -4.05%, over three months by +1.99% and over the past year by -0.81%.
Current recommended Stop Loss: 53.50 (which is 3.6% or 1.6 ATR below the current price).
Centerspace has received a consensus analysts rating of 3.44. Therefore, it is recommended to hold CSR.
- StrongBuy: 1
- Buy: 2
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 64.1 | 15.6% |
P/E Trailing = 44.3492
P/E Forward = 55.5556
P/S = 3.6783
P/B = 1.3602
P/EG = 40.8917
Revenue TTM = 268.9m USD
EBIT TTM = 73.4m USD
EBITDA TTM = 184.9m USD
Long Term Debt = 813.6m USD (from longTermDebt, last quarter)
Short Term Debt = 2.67m USD (from shortTermDebt, last quarter)
Debt = 989.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 981.0m USD (calculated: Debt 989.6m - CCE 8.56m)
Enterprise Value = 1.97b USD (989.0m + Debt 989.6m - CCE 8.56m)
Interest Coverage Ratio = 1.61 (Ebit TTM 73.4m / Interest Expense TTM 45.6m)
EV/FCF = 28.31x (Enterprise Value 1.97b / FCF TTM 69.6m)
FCF Yield = 3.53% (FCF TTM 69.6m / Enterprise Value 1.97b)
FCF Margin = 25.88% (FCF TTM 69.6m / Revenue TTM 268.9m)
Net Margin = 8.08% (Net Income TTM 21.7m / Revenue TTM 268.9m)
Gross Margin = 38.72% ((Revenue TTM 268.9m - Cost of Revenue TTM 164.8m) / Revenue TTM)
Gross Margin QoQ = 60.51% (prev -24.40%)
Tobins Q-Ratio = 1.07 (Enterprise Value 1.97b / Total Assets 1.84b)
Interest Expense / Debt = 4.61% (Interest Expense 45.6m / Debt 989.6m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 58.0m (EBIT 73.4m * (1 - 21.00%))
Current Ratio = 0.18 (Total Current Assets 37.6m / Total Current Liabilities 206.3m)
Debt / Equity = 1.44 (Debt 989.6m / totalStockholderEquity, last quarter 686.2m)
Debt / EBITDA = 5.30 (Net Debt 981.0m / EBITDA 184.9m)
Debt / FCF = 14.10 (Net Debt 981.0m / FCF TTM 69.6m)
Total Stockholder Equity = 716.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.13% (Net Income 21.7m / Total Assets 1.84b)
RoE = 3.03% (Net Income TTM 21.7m / Total Stockholder Equity 716.7m)
RoCE = 4.80% (EBIT 73.4m / Capital Employed (Equity 716.7m + L.T.Debt 813.6m))
RoIC = 3.17% (NOPAT 58.0m / Invested Capital 1.83b)
WACC = 5.21% (E(989.0m)/V(1.98b) * Re(6.77%) + D(989.6m)/V(1.98b) * Rd(4.61%) * (1-Tc(0.21)))
Discount Rate = 6.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 61.02 | Cagr: 5.44%
[DCF] Terminal Value 75.19% ; FCFF base≈70.1m ; Y1≈69.3m ; Y5≈71.2m
[DCF] Fair Price = 7.75 (EV 1.11b - Net Debt 981.0m = Equity 130.2m / Shares 16.8m; r=8.35% [WACC [floored]]; 5y FCF grow -1.83% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.15 | # QB: 0
Revenue Correlation: 74.94 | Revenue CAGR: 1.85% | SUE: -0.02 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.10 | Chg30d=+0.00% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.18 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=-117.7% | GrowthRev=-6.5%
EPS next Year (2027-12-31): EPS=-0.36 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+81.7% | GrowthRev=-2.6%
[Analyst] Revisions Ratio: +29% (up=3, down=1)