CSR Stock Analysis: Centerspace | NYSE
REIT - Residential | NYSE, USA | Market Cap: 978m USD | 12M Return: -3.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.48M
Qual. Beats: -3
Rev. Trend: 63.0%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 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 Minot, North Dakota-based real estate investment trust (REIT) that owns and operates apartment communities across seven Midwestern and Mountain West states, including Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. As of March 31, 2026, the companys portfolio consisted of 61 apartment communities totaling 12,263 homes. Founded and incorporated in North Dakota on July 31, 1970, Centerspace has been publicly traded since 1997 and operates as a multi-family residential REIT, a structure that generally requires it to distribute the majority of its taxable income to shareholders. The company was recognized as a top workplace in Minnesota for the sixth consecutive year in 2025 by the Minnesota Star Tribune.
- Sun Belt reallocation weighs on Midwest same-store NOI growth
- Refinancing costs rise as secured debt matures at higher rates
- Mountain West acquisitions diversify portfolio beyond legacy Midwest markets
| Net Income: 8.33m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.31 > 1.0 |
| NWC/Revenue: -72.17% < 20% (prev -33.50%; Δ -38.66% < -1%) |
| CFO/TA 0.05 > 3% & CFO 94.4m > Net Income 8.33m |
| Net Debt (1.01b) to EBITDA (171.1m): 5.89 < 3 |
| Current Ratio: 0.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (16.8m) vs 12m ago 0.29% < -2% |
| Gross Margin: 38.26% > 18% (prev 56.70%; Δ -18.43% > 0.5%) |
| Asset Turnover: 14.37% > 50% (prev 13.92%; Δ 0.45% > 0%) |
| Interest Coverage Ratio: 1.27 > 6 (EBIT TTM 57.9m / Interest Expense TTM 45.7m) |
| A: -0.10 (Total Current Assets 10.3m - Total Current Liabilities 206.3m) / Total Assets 1.89b |
| B: -0.36 (Retained Earnings -675.5m / Total Assets 1.89b) |
| C: 0.03 (EBIT TTM 57.9m / Avg Total Assets 1.89b) |
| D: 0.65 (Book Value of Equity 700.9m / Total Liabilities 1.07b) |
| Altman-Z'' = -0.96 = CCC |
As of July 15, 2026, the stock is trading at USD 55.15 with a total of 175,185 shares traded. Over the past week, the price has changed by -2.85%, over one month by -0.98%, over three months by -10.54% and over the past year by -3.77%.
Current recommended Stop Loss: 52.90 (which is 4.1% or 1.3 ATR below the current price).
Centerspace has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold CSR.
- StrongBuy: 2
- Buy: 4
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 67.6 | 22.5% |
P/E Trailing = 117.4043
P/E Forward = 55.5556
P/S = 3.6257
P/B = 1.3342
P/EG = 40.8917
Revenue TTM = 271.6m USD
EBIT TTM = 57.9m USD
EBITDA TTM = 171.1m USD
Long Term Debt = 865.2m USD (from longTermDebt, last quarter)
Short Term Debt = 150.4m USD (from shortTermDebt, last quarter)
Debt = 1.02b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.01b USD (calculated: Debt 1.02b - CCE 7.55m)
Enterprise Value = 1.99b USD (978.0m + Debt 1.02b - CCE 7.55m)
Interest Coverage Ratio = 1.27 (Ebit TTM 57.9m / Interest Expense TTM 45.7m)
EV/FCF = 28.35x (Enterprise Value 1.99b / FCF TTM 70.1m)
FCF Yield = 3.53% (FCF TTM 70.1m / Enterprise Value 1.99b)
FCF Margin = 25.79% (FCF TTM 70.1m / Revenue TTM 271.6m)
Net Margin = 3.07% (Net Income TTM 8.33m / Revenue TTM 271.6m)
Gross Margin = 38.26% ((Revenue TTM 271.6m - Cost of Revenue TTM 167.7m) / Revenue TTM)
Gross Margin QoQ = -24.40% (prev 59.53%)
Tobins Q-Ratio = 1.05 (Enterprise Value 1.99b / Total Assets 1.89b)
Interest Expense / Debt = 4.50% (Interest Expense 45.7m / Debt 1.02b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 45.7m (EBIT 57.9m * (1 - 21.00%))
Current Ratio = 0.05 (Total Current Assets 10.3m / Total Current Liabilities 206.3m)
Debt / Equity = 1.45 (Debt 1.02b / totalStockholderEquity, last quarter 700.9m)
Debt / EBITDA = 5.89 (Net Debt 1.01b / EBITDA 171.1m)
Debt / FCF = 14.39 (Net Debt 1.01b / FCF TTM 70.1m)
Total Stockholder Equity = 725.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.44% (Net Income 8.33m / Total Assets 1.89b)
RoE = 1.15% (Net Income TTM 8.33m / Total Stockholder Equity 725.5m)
RoCE = 3.64% (EBIT 57.9m / Capital Employed (Equity 725.5m + L.T.Debt 865.2m))
RoIC = 2.51% (NOPAT 45.7m / Invested Capital 1.82b)
WACC = 5.24% (E(978.0m)/V(1.99b) * Re(6.99%) + D(1.02b)/V(1.99b) * Rd(4.50%) * (1-Tc(0.21)))
Discount Rate = 6.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 71.86 | Cagr: 5.06%
[DCF] Terminal Value 76.52% ; FCFF base≈67.8m ; Y1≈73.0m ; Y5≈88.9m
[DCF] Fair Price = 21.14 (EV 1.36b - Net Debt 1.01b = Equity 355.1m / Shares 16.8m; r=8.35% [WACC [floored]]; 5y FCF grow 8.73% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.89 | # QB: -3
Revenue Correlation: 63.02 | Revenue CAGR: 1.53% | SUE: -0.05 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.17 | Chg30d=+42.83% | Revisions=+40% | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.13 | Chg30d=+55.37% | Revisions=+40% | Analysts=3
EPS current Year (2026-12-31): EPS=-0.91 | Chg30d=+19.41% | Revisions=+25% | GrowthEPS=+19.1% | GrowthRev=-3.5%
EPS next Year (2027-12-31): EPS=-0.52 | Chg30d=+36.69% | Revisions=+40% | GrowthEPS=+42.7% | GrowthRev=-0.6%
[Analyst] Revisions Ratio: +70% (up=7, down=0)