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Centerspace CSR Multifamily — Real Estate Investment Property, Accumulated Depreciation

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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:RealEstateInvestmentPropertyAccumulatedDepreciation.

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 of March 31, 2026MultifamilyAll OtherTotal
Segment assets
Property owned$2,501,884$16,278$2,518,162
Less accumulated depreciation(680,903)(4,866)(685,769)
Total real estate investments$1,820,981$11,412$1,832,393
Cash and cash equivalents7,555
Restricted cash2,710
Other assets44,928
Total Assets$1,887,586

Item 1. Financial Statements - First Quarter - 2026

FAQ

What is Centerspace's multifamily — real estate investment property, accumulated depreciation?
Centerspace (CSR) reported multifamily — real estate investment property, accumulated depreciation of $680.9M in Q1 2026.
How has Centerspace's multifamily — real estate investment property, accumulated depreciation changed year-over-year?
Centerspace's multifamily — real estate investment property, accumulated depreciation increased by 5.1% year-over-year, from $647.66M to $680.9M.
What is the long-term trend for Centerspace's multifamily — real estate investment property, accumulated depreciation?
Over 3 years (2022 to 2025), Centerspace's multifamily — real estate investment property, accumulated depreciation has grown at a 10.5% compound annual growth rate (CAGR), from $1.88B to $2.54B.
What does multifamily — real estate investment property, accumulated depreciation mean?
This represents the cumulative amount of depreciation expense recorded against the multifamily real estate assets over their useful lives. It reflects the systematic allocation of the cost of tangible assets to expense over time. Monitoring this helps investors understand the age and remaining depreciable life of the property portfolio.

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