What is Centerspace's impairment of real estate?

Centerspace (CSR) reported impairment of real estate of $9.7M in Q1 2026.

What does impairment of real estate mean?

This represents a non-cash charge taken when the carrying value of a real estate asset exceeds its estimated fair market value. It indicates a decline in the long-term economic value of specific properties within the portfolio. Investors monitor this to identify potential issues with asset quality, market demand, or overvaluation of the real estate holdings.

Centerspace CSR Impairment Of Real Estate

Impairment Of Real Estate at other companies

ARE

Alexandria Real Estate EquitiesARE

$5.5M-82.9%

Realty IncomeO

$129.27M+10.9%

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 us-gaap:ImpairmentOfRealEstate.

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 impairment of real estate?: Centerspace (CSR) reported impairment of real estate of $9.7M in Q1 2026.
What does impairment of real estate mean?: This represents a non-cash charge taken when the carrying value of a real estate asset exceeds its estimated fair market value. It indicates a decline in the long-term economic value of specific properties within the portfolio. Investors monitor this to identify potential issues with asset quality, market demand, or overvaluation of the real estate holdings.