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Centerspace CSR Multifamily — Net Operating Income (Loss)

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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 csr:NetOperatingIncomeLoss.

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
Three Months Ended March 31, 2026MultifamilyAll OtherTotal
Administrative and marketing1,8371,837
Insurance2,446172,463
Real estate taxes7,1391937,332
Net operating income$38,860$635$39,495
Property management expense(2,379)
Casualty loss, net of recoveries21
Depreciation and amortization(26,498)
Impairment of real estate investments(9,700)

Item 1. Financial Statements - First Quarter - 2026

FAQ

What is Centerspace's multifamily — net operating income (loss)?
Centerspace (CSR) reported multifamily — net operating income (loss) of $38.86M in Q1 2026.
How has Centerspace's multifamily — net operating income (loss) changed year-over-year?
Centerspace's multifamily — net operating income (loss) increased by 7.2% year-over-year, from $36.24M to $38.86M.
What is the long-term trend for Centerspace's multifamily — net operating income (loss)?
Over 4 years (2021 to 2025), Centerspace's multifamily — net operating income (loss) has grown at a 10.0% compound annual growth rate (CAGR), from $104.82M to $153.45M.
What does multifamily — net operating income (loss) mean?
This is a core profitability metric calculated as total property revenue minus all direct operating expenses. It measures the ability of the multifamily assets to generate cash flow before accounting for corporate overhead, interest, and taxes. It is the primary benchmark for evaluating the operational performance of real estate assets.

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