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CS

Centerspace

CSRReal EstateNASDAQ

REIT - Residential

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Financials · Annual
Revenue
$273.7M
+4.9% YoY
Net Income
$17.6M
+264.5% YoY
EBITDA
$182.5M
+39.6% YoY
Free Cash Flow
$103.2M

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About Centerspace

Part of the real estate sector, Centerspace (CSR) is listed under REIT - Residential. With a market capitalization of $1.20B, it sits in small-cap territory. As of December 31, 2025, Centerspace owned 61 apartment communities consisting of 12,262 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah.

Key stats
Market Cap$1.20B
P/E (TTM)143.57
Fwd P/E-130.12
EPS$0.47
Beta0.92
52W Change+5.7%
Dividend Yield4.56%
ROE1.4%
Analysis

Centerspace carries $1.02B in total debt against $7.6M in cash reserves — debt is roughly 134.4x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow comes in at $103.2M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 1.4%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 0.8% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $256.7M (2022) to $273.7M (2025).

Centerspace carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Centerspace and its sector.

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