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Centerspace (CSR)

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Upturn Advisory Summary
01/09/2026: CSR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $68.45
1 Year Target Price $68.45
| 2 | Strong Buy |
| 4 | Buy |
| 6 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 6.15% | Avg. Invested days 43 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.19B USD | Price to earnings Ratio 37.02 | 1Y Target Price 68.45 |
Price to earnings Ratio 37.02 | 1Y Target Price 68.45 | ||
Volume (30-day avg) 12 | Beta 0.79 | 52 Weeks Range 51.48 - 68.36 | Updated Date 01/9/2026 |
52 Weeks Range 51.48 - 68.36 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 4.57% | Basic EPS (TTM) 1.81 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 11.35% | Operating Margin (TTM) 9.08% |
Management Effectiveness
Return on Assets (TTM) 0.79% | Return on Equity (TTM) 4.31% |
Valuation
Trailing PE 37.02 | Forward PE 55.56 | Enterprise Value 2256314356 | Price to Sales(TTM) 4.34 |
Enterprise Value 2256314356 | Price to Sales(TTM) 4.34 | ||
Enterprise Value to Revenue 8.25 | Enterprise Value to EBITDA 11.59 | Shares Outstanding 16703468 | Shares Floating 16600742 |
Shares Outstanding 16703468 | Shares Floating 16600742 | ||
Percent Insiders 0.62 | Percent Institutions 90.6 |
Upturn AI SWOT
Centerspace
Company Overview
History and Background
Centerspace (NYSE: CSR) is a real estate investment trust (REIT) founded in 1994. It focuses on acquiring, developing, and managing a portfolio of industrial and multifamily properties. The company has grown through strategic acquisitions and development projects, expanding its geographic footprint and property types.
Core Business Areas
- Industrial Properties: Centerspace owns and operates a portfolio of industrial properties, including manufacturing, distribution, and logistics facilities. These properties are strategically located in key markets to serve a diverse range of tenants.
- Multifamily Properties: The company also manages a portfolio of multifamily residential properties, providing housing in growing urban and suburban areas. These assets are aimed at generating stable rental income.
Leadership and Structure
Centerspace is led by a team of experienced real estate professionals. The organizational structure is designed to manage its diverse property portfolio efficiently, with dedicated teams for acquisitions, development, property management, and finance.
Top Products and Market Share
Key Offerings
- Industrial Real Estate Leases: Centerspace's primary offering is the leasing of its industrial properties to commercial tenants. Market share data is not readily available for specific industrial property segments, but competitors include Prologis (PLD), Duke Realty (DRE - now part of Prologis), and industrial REITs focused on specific regions or property types.
- Multifamily Real Estate Leases: The company offers rental units in its multifamily properties. Market share for individual multifamily portfolios is highly localized and fragmented. Competitors include other multifamily REITs and private real estate operators in specific submarkets.
Market Dynamics
Industry Overview
The industrial real estate market is driven by e-commerce growth, supply chain optimization, and manufacturing reshoring, leading to sustained demand for warehouse and logistics space. The multifamily sector is influenced by population growth, household formation rates, and affordability concerns.
Positioning
Centerspace is positioned as a diversified REIT with a focus on growth markets. Its strategy of acquiring well-located, income-producing assets and developing new properties aims to capitalize on favorable market trends.
Total Addressable Market (TAM)
The TAM for industrial and multifamily real estate is substantial and spans billions of dollars globally. Centerspace operates within specific sub-markets in the US. Its positioning within this TAM depends on its capital allocation and ability to execute its growth strategy in targeted regions.
Upturn SWOT Analysis
Strengths
- Diversified portfolio across industrial and multifamily sectors.
- Strategic focus on high-growth markets.
- Experienced management team.
- Access to capital for acquisitions and development.
Weaknesses
- Exposure to market cyclicality in both sectors.
- Potential integration challenges from acquisitions.
- Reliance on tenant demand and economic conditions.
Opportunities
- Continued growth in e-commerce driving industrial demand.
- Potential for development of underutilized land.
- Geographic expansion into new, attractive markets.
- Opportunistic acquisitions in undervalued sectors.
Threats
- Rising interest rates impacting borrowing costs and property valuations.
- Increased competition from other REITs and private investors.
- Economic downturns affecting tenant demand and rental growth.
- Regulatory changes impacting real estate development and ownership.
Competitors and Market Share
Key Competitors
- Prologis (PLD)
- EastGroup Properties (EGP)
- Rexford Industrial Realty (REXR)
- Duke Realty (DRE - now part of PLD)
Competitive Landscape
Centerspace competes in a fragmented market. Its advantages lie in its diversified portfolio and strategic market focus. Disadvantages could include its smaller scale compared to some larger industrial REITs, which can impact access to capital and bargaining power.
Growth Trajectory and Initiatives
Historical Growth: Centerspace has achieved historical growth through strategic property acquisitions and development projects, expanding its asset base and geographic reach.
Future Projections: Future growth is projected based on continued demand in its core markets, potential for new development projects, and opportunities for strategic acquisitions. Analyst estimates for FFO per share growth provide an indication of future outlook.
Recent Initiatives: Recent initiatives may include the acquisition of new properties, development of existing land parcels, and strategic dispositions to optimize the portfolio.
Summary
Centerspace is a diversified REIT with a solid presence in industrial and multifamily real estate. Its focus on growth markets and strategic acquisitions has driven historical performance. However, it faces challenges from market cyclicality and rising interest rates. Continued focus on operational efficiency and strategic capital allocation will be crucial for future success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Centerspace Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial News Outlets
- Industry Research Reports
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Data accuracy is subject to the availability and timeliness of public disclosures. Market share data is an estimation and may vary based on methodology.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Centerspace
Exchange NYSE | Headquaters Minot, ND, United States | ||
IPO Launch date 1997-10-17 | President, CEO, Secretary & Executive Trustee Ms. Anne M. Olson Esq. | ||
Sector Real Estate | Industry REIT - Residential | Full time employees 374 | Website https://www.centerspacehomes.com |
Full time employees 374 | Website https://www.centerspacehomes.com | ||
Centerspace 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 September 30, 2025, Centerspace owned 68 apartment communities consisting of 12,941 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. Centerspace was named a top workplace for the sixth consecutive year in 2025 by the Minneapolis Star Tribune.

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