CENTERSPACE (CSR)
Real Estate · Multifamily residential real estate investment trust (REIT) · NYSE
A Midwest-focused apartment REIT operating 61 communities across high-growth markets with an emphasis on operational excellence and community redevelopment.
What CENTERSPACE does
Centerspace is a REIT that owns, operates, and develops apartment communities primarily in the Minneapolis/St. Paul, Denver, Boulder/Fort Collins, and Salt Lake City metropolitan areas. As of December 31, 2025, the company owned 61 apartment communities containing approximately 12,262 homes with a total real estate investment of $1.9 billion. The company focuses on operational enhancements, community redevelopment, and acquisitions in markets with stable economic conditions and strong employment.
Themes: ["multifamily residential real estate","apartment communities","REIT","property management and operations","market-focused acquisition strategy"]
Fundamentals
- Price$55.18 as of 2026-07-09 close
- Market cap$927M as of 2026-07-10
- 1-year return-7.9% as of 2026-07-09 close
- P/E111.32 as of 2026-07-10
- Net margin+3.1% as of 2026-07-10
- Gross margin+58.9% as of 2026-07-10
- ROE+1.1% as of 2026-07-10
- Debt / equity1.45 as of 2026-07-10
- Revenue growth (YoY)+3.1% as of 2026-07-10
- Revenue CAGR (3y)+2.2% SEC XBRL
- Beta0.90 as of 2026-07-10
Dividend: yield +5.6%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Interest rate risk and debt management — the company has significant mortgage and note payables (totaling approximately $865 million) exposed to interest rate fluctuations","Occupancy and rental rate risk in competitive multifamily markets, particularly if economic conditions weaken or employment declines in key markets","Real estate impairment risk — the company recorded $9.7 million in real estate impairment charges in Q1 2026, indicating vulnerability to valuation pressures"]
Competitors & peers
- Apartment Income REIT Corp (AIR)
- UMH Properties (UMH)
- NexPoint Residential Trust (NXRT)
- Independence Realty Trust (IRT)
- Centerspace operates in multifamily with regional exposure vs. national peers like Equinix and Prologis that focus on industrial/data center REITs
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.