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CoverageForm 410-K10-Q8-K13D13G13F

CSR · Centerspace - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · CSR

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AnnualQuarterly

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$273.66M$260.98M$261.31M$256.72M$201.71M$177.99M
Cost of Revenue$9.64M$9.13M$9.35M$9.89M$8.75M$5.80M
Gross Profit$264.02M$251.85M$251.96M$246.82M$192.95M$172.19M
R&D------
SG&A$20.92M$17.80M$20.08M$17.52M$16.21M$13.44M
Total Operating Expenses$288.60M$239.93M$244.24M$242.90M$199.33M$169.65M
D&A$114.64M$107.65M$103.17M$106.21M$93.11M$76.60M
Operating Income$64.54M$20.48M$84.45M$13.86M$29.89M$8.34M
Interest Expense$44.88M$37.28M$36.43M$32.75M$29.08M$27.52M
Income Tax------
Net Income$17.10M($11.33M)$41.33M($14.11M)($29.0K)$4.44M
EPS - Basic$1.02($1.27)$2.33($1.35)($0.15)-
EPS - Diluted$1.02($1.27)$2.32($1.35)($0.47)($0.15)

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$12.83M$12.03M$8.63M$10.46M$31.27M$392.0K
Accounts Receivable------
Inventory------
Accounts Payable------
Current Assets------
Total Assets$1.93B$1.91B$1.93B$2.03B$1.94B$1.46B
Current Liabilities------
Long-term Debt$1.02B$955.38M$919.99M$1.01B$859.78M-
Total Liabilities$1.08B$1.01B$978.78M$1.07B$918.45M$774.80M
Stockholders' Equity$719.16M$653.90M$709.83M$729.54M$772.03M$618.21M
Retained Earnings($649.68M)($615.24M)($548.27M)($539.42M)($474.32M)($427.68M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$98.45M$98.25M$89.52M$91.99M$84.03M$61.23M
Investing Cash Flow($26.87M)($50.72M)$120.21M($160.09M)($267.23M)($164.97M)
Financing Cash Flow($69.06M)($43.67M)($212.35M)$41.37M$214.51M$64.93M
CapEx--$0$1.68M--
Free Cash Flow--$89.52M$90.31M--

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin96.5%96.5%96.4%96.1%95.7%96.7%
Operating margin23.6%7.8%32.3%5.4%14.8%4.7%
EBITDA margin65.5%49.1%71.8%46.8%61.0%47.7%
Net margin6.2%-4.3%15.8%-5.5%-0.0%2.5%
Free cash flow margin--34.3%35.2%--
FCF / Net income--2.17-6.40--
R&D / Revenue------
SG&A / Revenue7.6%6.8%7.7%6.8%8.0%7.6%
Effective tax rate------
Return on assets0.9%-0.6%2.1%-0.7%-0.0%0.3%
Return on equity2.4%-1.7%5.8%-1.9%-0.0%0.7%
Return on invested capital------
Liquidity
Current ratio------
Quick ratio------
Cash ratio------
Leverage
Debt / Equity1.421.461.301.391.11-
Debt / Assets0.530.500.480.500.44-
Debt / EBITDA5.707.464.908.436.99-
Interest coverage1.4x0.5x2.3x0.4x1.0x0.3x
Equity multiplier2.682.932.712.792.512.37
Liabilities / Assets0.560.530.510.520.470.53
Efficiency
Asset turnover0.140.140.140.130.100.12
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E65.4x-25.1x---
P / B1.6x1.6x1.4x1.2x2.3x1.6x
P / S4.1x3.9x3.8x3.5x8.6x5.4x
EV / EBITDA11.9x15.4x10.2x15.8x20.9x11.3x
Growth
Revenue growth (YoY)4.9%-0.1%1.8%27.3%13.3%-4.2%
Revenue CAGR (3y)2.2%9.0%13.7%11.4%8.0%-
Revenue CAGR (5y)9.0%7.0%10.3%--17.8%18.5%
Gross profit growth (YoY)4.8%-0.0%2.1%27.9%12.1%-
Operating income growth (YoY)215.2%-75.8%509.3%-53.6%258.4%-27.0%
Net income growth (YoY)----48551.7%--94.4%
EPS growth (YoY)----187.2%-213.3%-
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)---0.9%---
FCF CAGR (5y)------
Book value growth (YoY)10.0%-7.9%-2.7%-5.5%24.9%-0.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$248.18M total
Multi Family Residential$248.18M · 100.0%

Product / service

$4.86M total
Other Property Revenue$4.86M · 100.0%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9
Neutral
  • ✓Net income positive
  • ✓Operating cash flow positive
  • ✓ROA improved YoY
  • ✓Cash flow > net income
  • ✗Long-term debt decreased
  • -Current ratio improved
  • ✗No share dilution
  • ✗Gross margin improved
  • ✓Asset turnover improved

Peer comparison

Same SIC group: Real Estate Investment Trusts

CompanyRevenue (last FY)Net marginROE
UMH$261.75M2.3%0.7%
ARE---9.2%
VTR$5.83B4.3%2.0%
SPG$6.36B72.7%88.8%
NYSE: KRC$1.11B0.0%0.0%

Comparing CENTERSPACE against the 5 most active filers in the same SIC group.

Dividends

$3.08/share trailing 12 months · +2.0% YoY

Ex-datePer share
Mar 30, 2026$0.7700
Dec 30, 2025$0.7700
Sep 29, 2025$0.7700
Jun 27, 2025$0.7700
Mar 28, 2025$0.7700
Dec 30, 2024$0.7500
Sep 30, 2024$0.7500
Jun 28, 2024$0.7500
Mar 27, 2024$0.7500
Dec 28, 2023$0.7300
Sep 28, 2023$0.7300
Jun 29, 2023$0.7300
Mar 30, 2023$0.7300
Dec 29, 2022$0.7300
Sep 29, 2022$0.7300
Jun 29, 2022$0.7300
Mar 30, 2022$0.7300
Dec 31, 2021$0.7200
Sep 29, 2021$0.7200
Jun 29, 2021$0.7000
Mar 30, 2021$0.7000
Dec 31, 2020$0.7000
Sep 29, 2020$0.7000
Jun 29, 2020$0.7000