Centerspace (CSR) Stock Overview
An owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
CSR Community Fair Values
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Analyst Price Targets
Centerspace Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$56.00 |
| 52 Week High | US$69.61 |
| 52 Week Low | US$52.00 |
| Beta | 0.88 |
| 1 Month Change | 3.78% |
| 3 Month Change | 1.19% |
| 1 Year Change | -3.99% |
| 3 Year Change | -7.19% |
| 5 Year Change | -43.89% |
| Change since IPO | -22.76% |
Recent News & Updates
Independence Realty Buying Centerspace: Opportunity And Implications
Summary Independence Realty Trust acquires Centerspace in a stock-for-stock deal, forming an $8.1B apartment REIT with immediate AFFO accretion. IRT expects approximately 5% accretion to 2027 Core FFO per share, driven by $24M in annualized cost and operational synergies. The combined portfolio offers strong diversification, a young property base, and exposure to markets with limited new supply and above-average population growth. IRT now trades at 14.4x forward AFFO, below its investment-grade peers, positioning it as a compelling value play in the multifamily sector. Read the full article on Seeking Alpha
Portfolio Repositioning Toward Denver And Minneapolis Will Likely Restrain Future Earnings Power
Catalysts About Centerspace Centerspace is a residential REIT that owns and operates apartment communities across several U.S. markets, with a focus on institutional urban and suburban locations. What are the underlying business or industry changes driving this perspective?Recent updates
Independence Realty Buying Centerspace: Opportunity And Implications
Summary Independence Realty Trust acquires Centerspace in a stock-for-stock deal, forming an $8.1B apartment REIT with immediate AFFO accretion. IRT expects approximately 5% accretion to 2027 Core FFO per share, driven by $24M in annualized cost and operational synergies. The combined portfolio offers strong diversification, a young property base, and exposure to markets with limited new supply and above-average population growth. IRT now trades at 14.4x forward AFFO, below its investment-grade peers, positioning it as a compelling value play in the multifamily sector. Read the full article on Seeking AlphaPortfolio Repositioning Toward Denver And Minneapolis Will Likely Restrain Future Earnings Power
Catalysts About Centerspace Centerspace is a residential REIT that owns and operates apartment communities across several U.S. markets, with a focus on institutional urban and suburban locations. What are the underlying business or industry changes driving this perspective?
Midwest And Mountain West Demand Will Secure Future Success
Strong demand in key regions and a decrease in new apartment supply bolster revenue growth through improved leasing and occupancy rates.Centerspace: Midwestern Apartments At A Discount
Summary Centerspace is a Midwest-focused apartment REIT trading at a discount to peers, with strong near-term AFFO/share growth prospects not priced in. CSR's clever acquisition strategy, including using OP units, allows for accretive purchases in growth markets, enhancing long-term performance. The Midwest's stable rental market and CSR's significant presence in Minneapolis and Denver contribute to its outperformance in same-store NOI growth. CSR's valuation is attractive, trading at 79.7% of NAV and 14.9X AFFO, with potential for capital appreciation as it closes the multiple gap with peers. Read the full article on Seeking AlphaCenterspace: One Of The Cheapest Multifamily REITs
Summary Centerspace focuses on residential properties in Minnesota and Colorado. Its portfolio should benefit from stable population growth and lower unemployment rates in key markets. With manageable leverage, adequate liquidity, and a well-structured debt maturity profile, Centerspace faces minimal solvency risk and offers an attractive forward AFFO yield. Despite some risks, Centerspace's share price creates an opportunity for value investors. Read the full article on Seeking AlphaCenterspace: A Value Buy In The Multifamily Space
Summary Centerspace has underperformed the S&P 500 and Vanguard Real Estate ETF over the past year but deserves more credit. CSR has made progress in portfolio transformation and optimizing its properties for better operating efficiencies. The company has shown steady growth in rent and same-store NOI and offers an appealing and well-covered dividend, leaving plenty of room for further deleveraging. Read the full article on Seeking AlphaShareholder Returns
| CSR | US Residential REITs | US Market | |
|---|---|---|---|
| 7D | -3.9% | -1.9% | -0.2% |
| 1Y | -4.0% | -6.8% | 11.9% |
Return vs Industry: CSR exceeded the US Residential REITs industry which returned -6.8% over the past year.
Return vs Market: CSR underperformed the US Market which returned 11.9% over the past year.
Price Volatility
| CSR volatility | |
|---|---|
| CSR Average Weekly Movement | 3.8% |
| Residential REITs Industry Average Movement | 3.0% |
| Market Average Movement | 6.8% |
| 10% most volatile stocks in US Market | 15.0% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: CSR has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: CSR's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1970 | 342 | Anne Olson | www.centerspacehomes.com |
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. As of August 31, 2026, Centerspace owned 47 apartment communities consisting of 10,456 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and Utah. Centerspace was named a Top Workplace in 2026 by USA Today and for the seventh consecutive year in 2026 by the Minnesota Star Tribune.
Centerspace Fundamentals Summary
| CSR fundamental statistics | |
|---|---|
| Market cap | US$989.86m |
| Earnings (TTM) | US$21.36m |
| Revenue (TTM) | US$268.87m |
Is CSR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CSR income statement (TTM) | |
|---|---|
| Revenue | US$268.87m |
| Cost of Revenue | US$109.42m |
| Gross Profit | US$159.45m |
| Other Expenses | US$138.09m |
| Earnings | US$21.36m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.27 |
| Gross Margin | 59.31% |
| Net Profit Margin | 7.94% |
| Debt/Equity Ratio | 124.0% |
How did CSR perform over the long term?
See historical performance and comparisonDividends
Does CSR pay a reliable dividends?
See CSR dividend history and benchmarks| Centerspace dividend dates | |
|---|---|
| Ex Dividend Date | Sep 29 2026 |
| Dividend Pay Date | Oct 14 2026 |
| Days until Ex dividend | 9 days |
| Days until Dividend pay date | 24 days |
Does CSR pay a reliable dividends?
See CSR dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/20 01:37 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Centerspace is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Amanda Sweitzer | Baird |
| Robert Stevenson | Brean Capital Historical (Janney Montgomery) |
| Gaurav Mehta | B. Riley Securities, Inc. |