CSR Stock Analysis: Centerspace | NYSE
REIT - Residential | NYSE, USA | Market Cap: 954m USD | 12M Return: -5.9% | US15202L1070 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.64M
Qual. Beats: 0
Rev. Trend: 74.9%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 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: 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 (184.2m): 5.32 < 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 August 30, 2026, the stock is trading at USD 52.48 with a total of 80,945 shares traded. Over the past week, the price has changed by -2.74%, over one month by -6.30%, over three months by -21.41% and over the past year by -5.89%.
Current recommended Stop Loss: 50.70 (which is 3.4% 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 | 62.9 | 19.9% |
P/E Trailing = 42.7778
P/E Forward = 55.5556
P/S = 3.5473
P/B = 1.348
P/EG = 40.8917
Revenue TTM = 268.9m USD
EBIT TTM = 73.4m USD
EBITDA TTM = 184.2m 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 = 1.93b USD (953.8m + Debt 989.6m - CCE 8.56m)
Interest Coverage Ratio = 1.61 (Ebit TTM 73.4m / Interest Expense TTM 45.6m)
EV/FCF = 27.80x (Enterprise Value 1.93b / FCF TTM 69.6m)
FCF Yield = 3.60% (FCF TTM 69.6m / Enterprise Value 1.93b)
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 = 1.05 (Enterprise Value 1.93b / 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 = 5.32 (Net Debt 981.0m / EBITDA 184.2m)
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 = 5.24% (E(953.8m)/V(1.94b) * Re(6.90%) + D(989.6m)/V(1.94b) * Rd(4.61%) * (1-Tc(0.21)))
Discount Rate = 6.90% (= 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=+24.59% | Revisions=+40% | Analysts=1
EPS current Year (2026-12-31): EPS=0.62 | Chg30d=+157.27% | Revisions=+25% | GrowthEPS=-39.2% | GrowthRev=-6.8%
EPS next Year (2027-12-31): EPS=-0.36 | Chg30d=+30.58% | Revisions=+25% | GrowthEPS=+81.7% | GrowthRev=-0.5%
[Analyst] Revisions Ratio: +57% (up=4, down=0)