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Centerspace CSR Multifamily — Administrative and marketing

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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$953.41M-8.6%
Enterprise value$2.01B-3.6%
P/E46.4×
P/S3.5×-0.4×

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 csr:AdministrativeAndMarketingExpenses.

The official record: Centerspace’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Centerspace's multifamily — administrative and marketing?
Centerspace (CSR) reported multifamily — administrative and marketing of $1.84M in Q1 2026.
How has Centerspace's multifamily — administrative and marketing changed year-over-year?
Centerspace's multifamily — administrative and marketing increased by 36.0% year-over-year, from $1.35M to $1.84M.
What is the long-term trend for Centerspace's multifamily — administrative and marketing?
Over 3 years (2022 to 2025), Centerspace's multifamily — administrative and marketing has grown at a 6.7% compound annual growth rate (CAGR), from $5.13M to $6.22M.
What does multifamily — administrative and marketing mean?
This covers the costs associated with property-level office supplies, software, and advertising efforts to attract and retain residents. It reflects the investment in leasing velocity and the administrative burden of managing residential contracts. This metric helps evaluate the effectiveness of marketing spend relative to occupancy goals.