What is Centerspace's rental income — concentration risk?

Centerspace (CSR) reported rental income — concentration risk of 98.6% in Q1 2026.

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

Centerspace's rental income — concentration risk increased by 0.2% year-over-year, from 98.4% to 98.6%.

What does rental income — concentration risk mean?

This metric represents the degree of revenue reliance on specific geographic markets or asset types within the residential rental portfolio. It assesses the potential impact of localized economic downturns or regulatory changes on the company's primary income stream. A higher value indicates a more diversified revenue base, reducing the vulnerability to localized market volatility.

Centerspace (CSR) Rental Income — Concentration risk

Screener

Other product segments

Fee Income

1.4%-12.5%

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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 rental income — concentration risk?: Centerspace (CSR) reported rental income — concentration risk of 98.6% in Q1 2026.
How has Centerspace's rental income — concentration risk changed year-over-year?: Centerspace's rental income — concentration risk increased by 0.2% year-over-year, from 98.4% to 98.6%.
What does rental income — concentration risk mean?: This metric represents the degree of revenue reliance on specific geographic markets or asset types within the residential rental portfolio. It assesses the potential impact of localized economic downturns or regulatory changes on the company's primary income stream. A higher value indicates a more diversified revenue base, reducing the vulnerability to localized market volatility.