Centerspace(CSR)Earnings, Financials & Key Ratios

CSR•NYSE•REIT / Real Estate

$56.77

55.7× P/E·Price updated Jul 7, 2026

SectorReal Estate IndustryResidential REITs Sub-IndustryDiversified apartment REITs

AboutCenterspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of June 30, 2021, Centerspace owned 62 apartment communities consisting of 11,579 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.Show more

Revenue$353M+35.3%
FFO$131M+34.9%
FFO/Share7.80+24.7%
FFO Payout39.04%-17.3%
FFO per Share7.80+24.7%
NOI Margin3.05%-94.6%
FFO Margin37.05%-0.3%
ROE2.02%+274.2%
ROA0.92%+264.5%

CSR Price & Volume

Centerspace (CSR) stock price & volume — 10-year historical chart

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Operational Volatility Challenges Centerspace Dividend Sustainability

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Mixed

Profitability:Strained

Financial:Strained

Cash Flow:Deteriorating

Primary Risk:Regional Regulatory Rent Control

Key Thesis Takeaways

Centerspace faces significant headwinds as evidenced by a 3.0% revenue contraction in 2026Q1 and extreme FFO per share volatility, which dropped from 4.21 in 2025Q3 to 0.81 in 2026Q1.
The company's reliance on capital-intensive maintenance, which saw quarterly outflows as high as 21.8M in 2024Q1, continues to strain liquidity and limit reinvestment capacity.
Investors should monitor the precarious dividend payout ratio of 0.95 relative to AFFO, as the current erosion of equity from 754.6M to 695.0M suggests potential long-term value destruction.

Verdict Logic

Negative: The combination of a 3.0% revenue decline in 2026Q1 and a dividend payout ratio of 0.95 relative to AFFO suggests that the current distribution level may be unsustainable given the company's limited cash reserves of 7.6M.

CSR Growth Metrics

Centerspace (CSR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.61%

5 Years14.68%

3 Years11.21%

TTM3.06%

Profit CAGR

10 Years-3.1%

5 Years28.19%

3 Years-

TTM219.34%

EPS CAGR

10 Years-5.47%

5 Years-

3 Years-

TTM144.74%

Return on Capital

10 Years1.76%

5 Years2.85%

3 Years3.85%

Last Year5.86%

CSR Recent Earnings

Centerspace (CSR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 4/12 qtrs (33%)

Q2 2026Latest

May 4, 2026

Metric

Actual

Est

EPS

$1.12+486.5%

$0.29

Rev

$65M-2.2%

$67M

Q1 2026

Feb 17, 2026

Metric

Actual

Est

EPS

$1.25+663.2%

$0.22

Rev

$67M-4.8%

$70M

Q4 2025

Nov 3, 2025

Metric

Actual

Est

EPS

$1.19-2.5%

$1.22

Rev

$71M+2.6%

$70M

Q3 2025

Aug 4, 2025

Metric

Actual

Est

EPS

$1.28+1.6%

$1.26

Rev

$69M+0.2%

$68M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 4, 2026	$1.12vs $0.29+486.5%	$65Mvs $67M-2.2%
Q1 2026	Feb 17, 2026	$1.25vs $0.22+663.2%	$67Mvs $70M-4.8%
Q4 2025	Nov 3, 2025	$1.19vs $1.22-2.5%	$71Mvs $70M+2.6%
Q3 2025	Aug 4, 2025	$1.28vs $1.26+1.6%	$69Mvs $68M+0.2%

Based on last 12 quarters of dataView full earnings history →

Latest CSR News

Recent stock market news and headlines for Centerspace (CSR)

PRNewsWire·Jun 15, 2026

Simpson Manufacturing Co., Inc. Publishes Fiscal 2025 Corporate Social Responsibility Report

PLEASANTON, Calif., June 15, 2026 /PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, announced today the release of its Fiscal 2025 Corporate Social Responsibility Report (CSR), featuring the Company's continued progress in advancing sustainable growth, strengthening communities, and delivering value to customers and stakeholders worldwide.

GuruFocus·Jun 15, 2026

FULTON BANK RELEASES 2025 CORPORATE SOCIAL RESPONSIBILITY REPORT

FULTON BANK RELEASES 2025 CORPORATE SOCIAL RESPONSIBILITY REPORT PR Newswire LANCASTER, Pa., June 15, 2026

Peers Comparison

Key metrics vs top competitors for Centerspace (CSR)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
CSRCenterspaceCurrent	$56.77	$953.91M	55.66	35.31%	4.98%	2.02%	5.36%
NHINational Health Investors, Inc.	$77.31	$3.75B	25.60	12.93%	36.76%	9.78%	—
IRTIndependence Realty Trust, Inc.	$17.35	$4.09B	72.29	2.76%	7.27%	1.35%	—
NXRTNexPoint Residential Trust, Inc.	$28.94	$734.45M	-22.97	-3.24%	-12.67%	-10.13%	—
BRTBRT Apartments Corp.	$14.87	$279.89M	-22.53	1.46%	-12.52%	-6.77%	—
ELMEElme Communities	$1.56	$138.62M	-0.89	-100%	—	-18.93%	—

Compare CSR vs Peers

Centerspace (CSR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NHI

Most directly comparable listed peer for CSR.

Scale Benchmark

vs CBRE

Larger-name benchmark to compare CSR against a more recognizable public peer.

Peer Set

Compare Top 5

vs NHI, IRT, NXRT, BRT

CSR SEC Filings & Documents

Centerspace (CSR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 4, 2026·SEC

Material company update

Mar 11, 2026·SEC

Material company update

Feb 27, 2026·SEC

10-K Annual Reports

FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 18, 2025·SEC

FY 2024

Feb 20, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 4, 2026·SEC

FY 2025

Nov 3, 2025·SEC

FY 2025

Aug 4, 2025·SEC

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CSR Frequently Asked Questions

Centerspace (CSR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Centerspace's revenue?

Centerspace (CSR) reported $271.6M in revenue for fiscal year 2025. This represents a 1356% increase from $18.7M in 1996.

How fast is Centerspace growing?

Centerspace (CSR) grew revenue by 35.3% over the past year. This is strong growth.

Is CSR profitable?

Yes, Centerspace (CSR) is profitable, generating $8.3M in net income for fiscal year 2025 (5.0% net margin).

Dividend & Returns

Does CSR pay dividends?

Yes, Centerspace (CSR) pays a dividend with a yield of 5.36%. This makes it attractive for income-focused investors.

What is CSR's return on equity?

Centerspace (CSR) has a return on equity (ROE) of 2.0%. This is below average, suggesting room for improvement.

Industry Metrics

What is Centerspace's FFO?

Centerspace (CSR) generated Funds From Operations (FFO) of $121.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is CSR a good dividend stock?

Centerspace (CSR) offers a 5.36% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in CSR back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 4, 2026

$1.12vs $0.29+486.5%

$65Mvs $67M-2.2%

Q1 2026

Feb 17, 2026

$1.25vs $0.22+663.2%

$67Mvs $70M-4.8%

Q4 2025

Nov 3, 2025

$1.19vs $1.22-2.5%

$71Mvs $70M+2.6%

Q3 2025

Aug 4, 2025

$1.28vs $1.26+1.6%

$69Mvs $68M+0.2%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

CSRCenterspaceCurrent

$56.77

$953.91M

55.66

35.31%

4.98%

2.02%

5.36%

NHINational Health Investors, Inc.

$77.31

$3.75B

25.60

12.93%

36.76%

9.78%

—

IRTIndependence Realty Trust, Inc.

$17.35

$4.09B

72.29

2.76%

7.27%

1.35%

—

NXRTNexPoint Residential Trust, Inc.

$28.94

$734.45M

-22.97

-3.24%

-12.67%

-10.13%

—

BRTBRT Apartments Corp.

$14.87

$279.89M

-22.53

1.46%

-12.52%

-6.77%

—

ELMEElme Communities

$1.56

$138.62M

-0.89

-100%

—

-18.93%

—