CENTERSPACE (CSR)
Real Estate · Residential REITs · NYSE
Centerspace is a multi-family focused REIT that owns and operates apartment communities primarily across the Midwest and Mountain regions of the US.
What CENTERSPACE does
Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, development, and acquisition of apartment communities. Its portfolio primarily consists of multi-family residential properties located in the Midwest and Mountain regions of the United States.
Themes: multi-family housing, residential real estate, rental property management
Fundamentals
- Price$53.96 as of 2026-08-21 close
- Market cap$906M as of 2026-08-21
- 1-year return-4.9% 2025-08-21 close $56.75 → 2026-08-21 close $53.96
- P/E43.24 as of 2026-08-24
- Net margin+8.1% as of 2026-08-24
- Gross margin+59.3% as of 2026-08-24
- ROE+3.0% as of 2026-08-24
- Debt / equity1.44 as of 2026-08-24
- Revenue growth (YoY)+0.7% as of 2026-08-24
- Revenue CAGR (3y)+2.2% SEC XBRL
- Beta0.90 as of 2026-08-24
- Last reported earnings2026-08-03 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +5.4%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How CSR compares in its sector
- price-to-earnings ratiomiddle range 127 covered Real Estate peers, as of 2026-08-24
- net profit marginmiddle range 161 covered Real Estate peers, as of 2026-08-24
- operating marginbottom 25% 161 covered Real Estate peers, as of 2026-08-24
- gross marginmiddle range 156 covered Real Estate peers, as of 2026-08-24
- return on equitymiddle range 162 covered Real Estate peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 155 covered Real Estate peers
- indicated dividend yieldmiddle range 138 covered Real Estate peers, as of 2026-08-24
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, CSR's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 299%, operating-cash-flow payout 52%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout299% dividends / net income
- Operating-cash-flow payout52% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How CENTERSPACE looks technically
CENTERSPACE (CSR) is trading 13.0% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 32 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 14, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative). It made a new 20-day low about 4 trading days ago. It is 1.2% above its 52-week low (its lowest price of the past year).
Trend
8
| Distance from the 200-day | it is trading 13.0% below its 200-day average, the long-term trend line — a long-term downtrend | -13.0% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $55.89 | $55.89 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $62.01 | $62.01 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 15 calendar days ago — the swings before that are what the structure reading is measured on | 15 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 57.48. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 32 trading days ago — a "death cross", a bearish long-term signal | 32 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 14, below the 25 that marks a real trend) | 14.4 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30) | 41.6 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($53.33 to $57.48) — its "stochastic" reading is 15 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 15.2 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative) | 4 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $69.61 | $69.61 |
|---|---|---|
| From the 52-week high | it is 22.5% below its 52-week high (its highest price of the past year) | -22.5% |
| Above the 52-week low | it is 1.2% above its 52-week low (its lowest price of the past year) | +1.2% |
| Below the 52-week high | it is 22.5% below its highest point of the past year | 22.5% |
| Since a 20-day breakout | it made a new 20-day low about 4 trading days ago | 4 sessions |
| Since a 55-day breakout | it made a new 55-day low about 4 trading days ago | 4 sessions |
| All-time high | its highest closing price on record is $178.75 (set on 1999-07-16) | $178.75 |
| Given back of the 52-week move | over the past year its closes ranged ($53.33 to $68.89), and it has recovered only a small part of its fall from last year’s high — 4% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $62.95 to $63.44. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 4.0% |
| From the all-time high | it is 69.8% below its all-time high | -69.8% |
| Nearest price level | it is trading 0.6% below a resistance level at $54.27 — a price it turned at four times since 2025-04-09, most recently on 2026-08-04. Since 2024-08-21 it has 0 such levels below the current price and 12 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.6% |
| All-time low | its lowest closing price on record is $43.58 (set on 2020-04-03) | $43.58 |
| Above the all-time low | it is 23.8% above its all-time low | +23.8% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 49th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.43 between its high and its low — about 2.7% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.43 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $53.36 and $57.22 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $53.36 – $55.29 – $57.22 |
| Typical daily range (% of price) | its price moves about 2.7% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.6% |
| Stretch from the 200-day average | it is trading 5.6 daily ranges below its 200-day average price (13.0% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 5.6 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.54× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a doji | 5 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 5 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 at essentially the same price it closed at the session before — no meaningful overnight gap | +0.1% |
|---|---|---|
| Open gap | it gapped 5.8% below the previous close 55 sessions ago and has not traded back through the level it left behind at 66.67 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -5.8% |
| Gap filled | a 2.1% gap down opened on 2026-06-16 has been "filled" 45 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 45 sessions ago |
Price streaks
1
| Closing streak | it closed lower in its latest session, after a session that did not close lower — a single down day rather than a run | 1 session down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 5.2 percentage points (the stock lost 2.9% while the market gained 2.3%) | -5.3% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 23.0 percentage points (the stock lost 19.9% while the market gained 3.1%) | -23.0% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 24.2 percentage points (the stock lost 13.2% while the market gained 11.1%) | -24.2% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 25.4 percentage points (the stock lost 4.9% while the market gained 20.5%) | -25.4% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 4.9% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-15 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 9.9% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -4.9% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 11% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $60.59 — a volume-weighted average of daily closes over 159 sessions, not a true tick-by-tick VWAP. | -10.9% |
|---|---|---|
| Vs the average paid since it last reported | the price is 2% below the average price paid since it last reported on 2026-08-03 (its 10-Q), so the typical buyer over that stretch is under water. That average is $55.25 — a volume-weighted average of daily closes over 15 sessions, not a true tick-by-tick VWAP. | -2.3% |
Price levels it has turned at before
CSR last closed at $53.96 on 2026-08-21. Since 2024-08-21 it has turned at 0 prices below its last close and 12 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $54.27 | Resistance | 0.6% above the last close | turned there four times · 2025-04-09 to 2026-08-04 |
| $56.85 | Resistance | 5.3% above the last close | turned there six times · 2025-04-30 to 2026-08-06 |
| $58.14 | Resistance | 7.8% above the last close | turned there five times · 2025-05-14 to 2026-07-17 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $57.48.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $51.14 and $53.56 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $57.48.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Near the 52-week low · Pulled back from the 12-month high · MACD just crossed bearish (12/26/9) · trendless / choppy (low ADX) · lagging the market | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (2.78 mean, 1=Strong Buy…5=Strong Sell) — 7 analysts
- Mean price target$62.93 range $57.00 – $70.00; median $64.00
Analyst estimates, as of 2026-08-19. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for CSR
- Consensus EPS estimate-$0.119 next reporting period, as of 2026-08-19
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Sensitivity to interest rate fluctuations and availability of capital markets.","Concentration risk in specific geographic regional markets.","Operational risks related to property management and real estate market downturns."]
What changed in the latest 10-Q
AI-assisted comparison of CSR's 10-Q filed 2026-05-04 against the prior one filed 2025-11-03.
Management's Discussion & Analysis (MD&A)
- Added:
- Added reference to Form 10-K filed on February 17, 2026 (vs. February 18, 2025 in older filing)
- Added reference to risk factors in Part I, Item 1A of Annual Report on Form 10-K for year ended December 31, 2025 (vs. references to 2024 and Q1 2025 filings in older)
- Added new risk factor bullet: 'adverse changes in our markets, including future demand for apartment homes in those markets, barriers of entry into new markets, limitations on our ability to increase rental rates, our ability to identify and consummate attractive acquisitions and dispositions on favorable terms, our ability to reinvest sales proceeds successfully, and inability to accommodate any significant decline in market value of real estate serving as collateral for our debt and mortgage obligations'
- Added new risk factor bullet: 'the process and results of our review of strategic alternatives'
- Changed Executive Summary to reference March 31, 2026 with 61 apartment communities containing 12,263 apartment homes (vs. September 30, 2025 with 68 communities and 12,941 homes in older)
- Removed:
- Removed reference to Part II, Item 1A 'Risk Factors' of Q1 2025 10-Q filing
- Removed reference to 'audited financial statements for the year ended December 31, 2024' and February 18, 2025 10-K filing date
- Removed reference to Annual Report on Form 10-K for year ended December 31, 2024 in closing paragraph
- Removed reference to Quarterly Report on Form 10-Q for quarter ended March 31, 2025 in closing paragraph
- Removed property owned financial data from Executive Summary (was: 'Property owned, as presented in our Condensed Consolidated Balance Sheets at historical cost and excluding assets held for sale, was $2.5 billion at September 30, 2025 and December 31, 2024')
- Reworded:
- Risk factor changed from 'uncertain global macro-economic and political conditions, the impact of conflicts in Ukraine and the Middle East' to 'uncertain global macro-economic and political conditions, the impact of actual or threatened wars or other international conflicts, such as in Ukraine, the Middle East, and South America'
- Risk factor changed from 'deteriorating economic conditions, including rising unemployment rates' to 'deteriorating economic conditions and rising unemployment rates' (removed 'including')
- Risk factor changed from 'adverse changes in our markets' bullet in older filing now expanded/separated into distinct bullet points in newer filing
- Forward-looking statements update language changed from 'Except as otherwise required by law, we undertake no obligation to publicly update or revise any forward-looking statements to reflect events, circumstances, or changes in expectations after the date on which this Report is filed' to 'We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise'
- Executive Summary changed from 'markets characterized by stable and growing economies' to 'markets characterized by stable and growing economic conditions'
- Executive Summary changed from 'lead to higher demand for apartment homes' to 'lead to higher demand for our apartment homes'
- Notes:
- The newer filing section appears truncated at the end ('Property owned, as presented in our Condensed') preventing full comparison of Executive Summary conclusions
- The older filing section also appears truncated at the end ('satisfy resident retention whil'), preventing full comparison of business objectives
- Document truncation limits complete assessment of all MD&A changes
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
2 open-market purchases and 0 open-market sales by insiders in the last 90 days.
- Last 90 days2 buys ($121392) · 0 sells — 2 buying insiders
- Last 180 days2 buys ($121392) · 0 sells — 2 buying insiders
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-06-22. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about CSR's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
CSR had 540,936 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
CSR had 3.22% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.04 days to cover at the same settlement.
- Reported short interest (shares) 540,936
- Short interest (% of shares outstanding) 3.22%
- Prior settlement (shares) 602,047
- Reported change -10.15%
- Days to cover (reported) 4.04
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- AvalonBay Communities (AVB)
- Equity Residential (EQR)
- UDR (UDR)
- Mid-America Apartment Communities (MAA)
- Camden Property Trust (CPT)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does CENTERSPACE (CSR) do?
Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, development, and acquisition of apartment communities. Its portfolio primarily consists of multi-family residential properties located in the Midwest and Mountain regions of the United States.
What sector is CENTERSPACE (CSR) in?
CENTERSPACE (CSR) is classified in the Real Estate sector. Its industry is Residential REITs. It trades on NYSE.
Does CSR pay a dividend?
Yes — CENTERSPACE (CSR) pays a dividend, with an indicated yield of about 5.39% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are CENTERSPACE's (CSR) competitors?
Notable peers of CENTERSPACE (CSR) include AvalonBay Communities, Equity Residential, UDR, Mid-America Apartment Communities and Camden Property Trust. This peer set is informational only — not financial advice.
Is CENTERSPACE (CSR) overbought or oversold right now?
CENTERSPACE (CSR) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 42, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on CSR come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.