What is Centerspace's fee income — concentration risk?

Centerspace (CSR) reported fee income — concentration risk of 1.4% in Q1 2026.

How has Centerspace's fee income — concentration risk changed year-over-year?

Centerspace's fee income — concentration risk decreased by 12.5% year-over-year, from 1.6% to 1.4%.

What does fee income — concentration risk mean?

This metric represents the exposure level associated with revenue streams derived from third-party management or ancillary services within the Fee Income segment. It measures the degree to which the company relies on a limited number of clients or specific service contracts to generate non-rental income. Monitoring this risk is essential for assessing the stability and diversification of the company's secondary revenue sources.

Centerspace (CSR) Fee Income — Concentration risk

Screener

Other product segments

Rental Income

98.6%+0.2%

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Other financials

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

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Market cap$951.89M+5.8%

Enterprise value$2.01B-4.2%

P/E46.3×—

P/S3.5×+0.1×

Profitability

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Gross margin96.5%0.0pp

Operating margin28.5%+21.7pp

Net margin11.1%—

FCF margin22.1%-0.4pp

Returns & leverage

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Return on equity4.3%—

Debt / equity1.5×-0.1×

Where this comes from

Reported directly by Centerspace in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The source filing: Centerspace’s 10-Q, filed May 4, 2026.

Filed: May 4, 2026, 4:16 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0000798359-26-000038

As a lessor, Centerspace primarily leases multifamily apartment homes which qualify as operating leases with terms that are generally one year or less. Rental revenues are recognized in accordance with FASB Accounting Standards Codification (“ASC”) 842, Leases, using a method that represents a straight-line basis over the term of the lease. For the three months ended March 31, 2026 and 2025, rental income represented approximately 98.6% and 98.4% of total revenues, respectively. For the three months ended March 31, 2026 and 2025, other property revenues represented the remaining 1.4% and 1.6%, respectively, of total revenues and are primarily driven by other fee income, which is typically recognized when earned, at a point in time.

Item 1. Financial Statements - First Quarter - 2026

FAQ

What is Centerspace's fee income — concentration risk?: Centerspace (CSR) reported fee income — concentration risk of 1.4% in Q1 2026.
How has Centerspace's fee income — concentration risk changed year-over-year?: Centerspace's fee income — concentration risk decreased by 12.5% year-over-year, from 1.6% to 1.4%.
What does fee income — concentration risk mean?: This metric represents the exposure level associated with revenue streams derived from third-party management or ancillary services within the Fee Income segment. It measures the degree to which the company relies on a limited number of clients or specific service contracts to generate non-rental income. Monitoring this risk is essential for assessing the stability and diversification of the company's secondary revenue sources.