Centerspace (CSR) Stock

Centerspace (CSR) is a Real Estate stock trading at $54.00 (as of 2026-08-21), with a market capitalization of $906.88M and a trailing P/E of 42.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Centerspace is an owner and operator of apartment communities. As of June 30, 2021, it owned 62 communities with 11,579 apartment homes across Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota, serving residents in these markets.

Understand Centerspace: how it makes money

Centerspace is an apartment community owner and operator, it makes money by earning rental revenue from the apartment homes it operates.

For an apartment owner/operator, revenue primarily depends on what renters pay, so changes in Average Monthly Revenue per Occupied Home are a core structural driver of overall profitability.

Business quality (Weak): Clear business model as an apartment owner and operator, but the latest quarter showed a negative operating margin (-8.3%), so investors will likely focus on whether rental revenue per occupied home supports healthy operations.

Valuation: At 124× earnings, CSR trades 270% above the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Apartment ownership and operating platform: Centerspace owns and operates apartment communities, with ownership of 62 communities and 11,579 apartment homes (as of June 30, 2021).
  • Rent-linked operating KPIs are available: The company has operating KPI labels focused on monthly revenue per occupied home and revenue per unit, which can help track the profit engine tied to rental income.

Bear case

  • Negative operating profitability in the latest reported quarter: For the period ended 2026-03-31, Centerspace reported an operating margin of -8.3%.
  • Business concentrated in a limited footprint: As of June 30, 2021, it owned communities in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota, which can increase exposure to regional conditions.
Valuation — source: SEC EDGAR (first-party)
Price$54.00
Market Cap$906.88M
P/E Ratio42.3
EV / EBITDA10.4
Price / Book1.15
Price / Sales3.37
DCF Value (model)$157.27
DCF Upside vs Price191.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$273.66M
Net Margin6.2%
Revenue Growth (YoY)-4.0%
EPS Growth (YoY)-92.0%
Valuation vs Sector & Industry
Stock P/E42.3
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector55.7%
vs Industry19.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($167.68M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryTrading
CEOAnne Olson
Employees374
CountryUS
IPO Date1997-10-17

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

  • Arbor Realty Trust, Inc. (ABR)
  • Whitestone REIT (WSR)
  • Chimera Investment Corporation (CIM)
  • MFA Financial, Inc. (MFA)
  • Adamas Trust, Inc. (ADAM)
  • Apollo Commercial Real Estate Finance, Inc. (ARI)
  • Saul Centers, Inc. (BFS)
  • PennyMac Mortgage Investment Trust (PMT)
CSR earnings history · CSR institutional & insider holders · CSR KPIs & operating metrics · CSR financials · CSR investor presentations & press releases · CSR SEC filings · CSR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.