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Centerspace CSR Property operating expenses, excluding real estate taxes

Property operating expenses, excluding real estate taxes at other companies

BNL
Broadstone Net LeaseBNL
$6.18M+12.6%
Mid-America Apartment Communities logo
Mid-America Apartment CommunitiesMAA
$367.44M+3.9%
Empire State Realty Trust logo
Empire State Realty TrustESRT
$47.74M+6.0%
COPT Defense Properties logo
COPT Defense PropertiesCDP
$75.54M+9.2%
Global Net Lease logo
Global Net LeaseGNL
$3.99M-16.6%
CareTrust logo
CareTrustCTRE
$296K+182%

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:PropertyOperatingExpensesExcludingRealEstateTaxes.

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 property operating expenses, excluding real estate taxes?
Centerspace (CSR) reported property operating expenses, excluding real estate taxes of $18.24M in Q1 2026.
How has Centerspace's property operating expenses, excluding real estate taxes changed year-over-year?
Centerspace's property operating expenses, excluding real estate taxes decreased by 4.3% year-over-year, from $19.07M to $18.24M.
What is the long-term trend for Centerspace's property operating expenses, excluding real estate taxes?
Over 4 years (2021 to 2025), Centerspace's property operating expenses, excluding real estate taxes has grown at a 7.7% compound annual growth rate (CAGR), from $57.75M to $77.63M.
What does property operating expenses, excluding real estate taxes mean?
This metric represents the direct costs associated with the daily operation and maintenance of apartment communities, excluding property tax obligations. It typically includes expenses such as on-site personnel salaries, utilities, landscaping, and routine repairs. Monitoring this figure helps investors assess the efficiency of property management and the underlying cost structure of the real estate portfolio.