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Centerspace

CSR

Centerspace is a real estate investment trust (REIT) focused on the ownership, management, acquisition, and redevelopment of apartment communities.

Market cap
$941.14M+0.9%
Revenue$271.6M+3.1%
Net income$20.6M+282%
Free cash flow$60.0M+1.1%
EPS (diluted)$1.33+205%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 3, 2026 (In 4 days)
Revenue estimate$66.3M
EPS estimate-$0.13

Financials

Q1 2026

Income statement

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Revenue$65.1M-3.0%
Gross profit$62.7M-3.0%
Operating income-$5.4M-214%
Net income-$15.0M-301%
EPS (diluted)-$0.77-250%

Balance sheet

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Cash & equivalents$10.3M-43.2%
Total debt$1.1B+0.7%
Total equity$695.0M+9.1%
Total assets$1.9B-0.3%

Cash flow

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Operating cash flow$21.4M-15.8%
CapEx$5.3M+5.4%
Free cash flow$16.1M-21.0%

Valuation & ratios

Valuation

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Market cap$937.28M+0.9%
Enterprise value$1.99B-7.2%
P/E45.6×
P/S3.5×-0.1×

Profitability

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Gross margin96.5%0.0pp
FCF margin22.1%-0.4pp

Returns & leverage

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Debt / equity1.5×-0.1×

Segments

By segment

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Multifamily$64.2M+8.0%

Competitors

Profile

Centerspace is a real estate investment trust (REIT) focused on the ownership, management, acquisition, and redevelopment of apartment communities. The company concentrates on high-growth metropolitan markets with stable economic conditions and strong employment to drive resident retention and demand. Its core value proposition centers on enhancing the resident experience through operational improvements and modernizing existing assets to meet current market demands.

Competitive position

A regional residential REIT focused on high-quality apartment communities in stable, vibrant Midwestern and Mountain West markets.

GeographiesUnited States, Minneapolis/St. Paul, Denver, Boulder/Fort Collins, Salt Lake City
Customer segmentsResidential Tenants
Business modelAsset-heavy, Rental Income, REIT
SuppliersConstruction Contractors, Property Maintenance Suppliers, Financial Institutions, Municipalities (Zoning/Permitting)
CustomersResidential Tenants, Institutional Investors, Individual Shareholders
Listed1997
Employees414.0
CEOAnne Olson
FilingsSEC EDGAR

Questions, answered.

What is Centerspace's market cap?
Centerspace (CSR) has a market capitalization of $941.1M and trades on NYSE.
What is Centerspace's revenue and profitability?
Centerspace generated $271.6M in trailing twelve-month revenue with net income of $20.6M, representing a net margin of 11.1%. Gross margin stands at 96.5%, with free cash flow of $60.0M. These figures are based on the Q1 2026 filing.
Who are Centerspace's competitors?
Centerspace's key competitors include AvalonBay Communities, Camden Property Trust, Equity Residential, and others. These companies compete in similar markets and product categories.
Who does Centerspace partner with?
Centerspace's notable partners include Bank of Montreal, U.S. Bank, PGIM, Inc., and others.
What subsidiaries does Centerspace have?
Centerspace's subsidiaries include Centerspace, LP, Centerspace, Inc..
Where is Centerspace headquartered?
Centerspace is headquartered in United States of America and employs approximately 414 people. It has been publicly traded since 1997.