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Centerspace (CSR)



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Upturn Advisory Summary
09/18/2025: CSR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $67.41
1 Year Target Price $67.41
2 | Strong Buy |
4 | Buy |
6 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -9.45% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.02B USD | Price to earnings Ratio - | 1Y Target Price 67.41 |
Price to earnings Ratio - | 1Y Target Price 67.41 | ||
Volume (30-day avg) 12 | Beta 0.77 | 52 Weeks Range 52.76 - 73.23 | Updated Date 09/18/2025 |
52 Weeks Range 52.76 - 73.23 | Updated Date 09/18/2025 | ||
Dividends yield (FY) 5.33% | Basic EPS (TTM) -1.8 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -8.89% | Operating Margin (TTM) 11.88% |
Management Effectiveness
Return on Assets (TTM) 0.79% | Return on Equity (TTM) -3.26% |
Valuation
Trailing PE - | Forward PE 55.56 | Enterprise Value 2070505846 | Price to Sales(TTM) 3.8 |
Enterprise Value 2070505846 | Price to Sales(TTM) 3.8 | ||
Enterprise Value to Revenue 7.75 | Enterprise Value to EBITDA 17.23 | Shares Outstanding 16756689 | Shares Floating 16665197 |
Shares Outstanding 16756689 | Shares Floating 16665197 | ||
Percent Insiders 0.55 | Percent Institutions 88.14 |
Upturn AI SWOT
Centerspace
Company Overview
History and Background
Centerspace, formerly known as Investors Real Estate Trust (IRET), was founded in 1970. Initially focused on a broader range of real estate investments, it has strategically shifted its focus to the ownership, management, acquisition, and redevelopment of apartment communities in the Midwest, Mountain West, and Southwest regions of the United States.
Core Business Areas
- Apartment Ownership and Management: Centerspace owns and manages a portfolio of apartment communities. The Company derives revenue primarily from tenant rental income and other ancillary services.
- Acquisition and Redevelopment: Centerspace actively seeks opportunities to acquire existing apartment communities and redevelop properties to enhance their value and appeal.
Leadership and Structure
Mark O. Decker, Jr. is the Chief Executive Officer. The organizational structure includes departments for property management, finance, acquisitions, and development, overseen by a board of trustees.
Top Products and Market Share
Key Offerings
- Apartment Rentals: Centerspace provides apartment rentals across its portfolio of properties. Data on specific revenue per property is not publicly and readily available. Competitors include Equity Residential (EQR), AvalonBay Communities (AVB), and UDR, Inc. (UDR).
Market Dynamics
Industry Overview
The apartment REIT industry is influenced by factors like population growth, job creation, interest rates, and housing affordability. Demand for rental housing remains strong in many markets, but new construction and rising interest rates present challenges.
Positioning
Centerspace focuses on select markets in the Midwest, Mountain West, and Southwest, aiming to offer high-quality apartment communities in desirable locations. They differentiate through renovation programs and focus on resident experience.
Total Addressable Market (TAM)
The U.S. multifamily housing market is estimated to be worth trillions of dollars. Centerspace's positioning allows it to capture a share of this market by focusing on specific geographic regions and demographics.
Upturn SWOT Analysis
Strengths
- Geographic concentration in growing markets
- Experienced management team
- Focus on value-add renovations and improvements
- Strong balance sheet
Weaknesses
- Smaller market capitalization compared to larger REIT peers
- Limited geographic diversification
- Sensitivity to economic downturns impacting rental demand
Opportunities
- Further acquisitions and expansions in existing markets
- Increased rental rates due to strong demand
- Redevelopment projects to enhance property value
- Implementation of smart home and sustainability technologies
Threats
- Rising interest rates increasing borrowing costs
- New apartment supply impacting occupancy rates
- Economic slowdown reducing rental demand
- Increased competition from other REITs and private landlords
Competitors and Market Share
Key Competitors
- Equity Residential (EQR)
- AvalonBay Communities (AVB)
- UDR, Inc. (UDR)
Competitive Landscape
Centerspace is smaller compared to EQR and AVB, focusing on specific geographic locations. While EQR and AVB operate nationwide.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is driven by acquisitions, property improvements, and rent increases.
Future Projections: Analyst projections are subject to change. Consult finance websites for ratings.
Recent Initiatives: Recent initiatives include strategic property acquisitions and renovation programs.
Summary
Centerspace is a smaller REIT focused on specific US regions that is growing through targeted acquisitions and improvements to it properties. It has a stable portfolio and is sensitive to market conditions and interest rates. While having a smaller market cap, it is positioning itself in areas with solid demographics. Centerspace should maintain its focus on property improvement and geographic selection to compete effectively with larger competitors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings (10-K, 10-Q)
- Third-party financial data providers
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Market share data is an estimate. Financial performance is subject to change.
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, Centerspace owns 73 apartment communities consisting of 13,773 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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