CSR - NYSE

Centerspace

CSR·NYSE

$60.00

-0.35%

Real EstateREIT - Residential

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 June 30, 2021, Centerspace owned 62 apartment communities consisting of 11,579 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.01B

EPS1.0200

P/E Ratio58.82

Earnings Date08/03/2026

353.13M

Revenue

35%

3Y+38.0%

5Y+98.0%

10Y+88.0%

17.59M

Net Income

-265%

3Y-231.0%

5Y+246.0%

10Y-76.0%

98.45M

Operating Cash Flow

3Y+7.0%

5Y+61.0%

10Y+48.0%

Centerspace Profit Bridge

CSR · NYSE

Revenue & Cost of Sales

Revenue353.13M

Cost of Goods Sold (342.37M)

Gross Profit10.76M

Operating Expenses

Operating Expenses (-92.31M)

Operating Income103.07M

Other Income & Taxes

Interest Expense (44.48M)

Other Income/Expense-80.11M

Pretax Income22.96M

Income Tax (0.00)

Net Income17.59M

Net Income

17.59M

Profitability Analysis

Gross Margin

3.0%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

29.2%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

5.0%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

0.0%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Interest or tax burden: Strong operational performance but thin net margins indicate high interest expenses or unfavorable tax position eating into profits.

Centerspace Income Statement

CSR • NYSE

Centerspace Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010	Apr 2009	Apr 2008	Apr 2007	Apr 2006
REVENUE
Revenue	353.1M	261M	261.3M	256.7M	201.7M	178M	185.8M	169.7M	205.7M	188.3M	204.5M	265.5M	259.4M	242.1M	237.4M	242.8M	240M	221.2M	197.8M	172.8M
GROSS PROFIT
Cost of Revenue	(342.4M)	(112.4M)	(115.2M)	(118.5M)	(90.6M)	(79M)	(84.5M)	(78.6M)	(88.4M)	(79.1M)	(107.7M)	(108.5M)	(103.1M)	(98.3M)	(101.9M)	(66.1M)	(64.7M)	(57.6M)	(0.0)	(0.0)
Gross Profit	10.8M	148.6M	146.1M	138.2M	111.1M	99M	101.3M	91.2M	117.4M	109.2M	96.9M	157M	156.3M	143.8M	135.5M	176.7M	175.3M	163.5M	197.8M	172.8M
OPERATING INCOME
Operating Expenses	-92.3M	(128.1M)	(61.7M)	(124.3M)	(81.2M)	(65.2M)	(88.7M)	(96.3M)	(70.9M)	(63.3M)	(33.9M)	(83.8M)	(75.9M)	(69.5M)	(67.5M)	(103.9M)	(96.5M)	(87.8M)	(186.2M)	(162.6M)
Selling, General & Administrative	(20.9M)	(17.8M)	(20.1M)	(17.5M)	(16.2M)	(13.4M)	(14.5M)	(14.2M)	(12.1M)	(11.3M)	(11.8M)	(10.7M)	(8.5M)	(7.4M)	(7.4M)	(10.1M)	(7.9M)	(7.8M)	(4.2M)	(3.7M)
Operating Income	103.1M	20.5M	84.5M	13.9M	29.9M	33.8M	11.4M	-23.7M	-13.8M	39.5M	57.4M	33.1M	85.1M	74.2M	67.7M	72.4M	9.7M	15M	11.6M	9.8M
PRE-TAX INCOME
Interest Expense	(44.5M)	(37.3M)	(36.4M)	(32.8M)	(32M)	(29.1M)	(30.5M)	(34.2M)	(41.1M)	(34.3M)	(28.4M)	(34.4M)	(33.7M)	(61.2M)	(61.8M)	(69.1M)	(68.7M)	(63.4M)	(63.4M)	(58.4M)
Net Interest Income	-44.5M	-34.7M	-35.2M	-31.5M	-32M	-29.1M	-28.4M	-32.7M	-32.7M	-33.2M	-28.3M	-34.4M	-31.8M	-60.9M	-61.7M	-62.5M	-65.1M	-68.1M	-61.3M	-55.8M
Other Expenses	-113.2M	(110.3M)	(41.6M)	(106.8M)	(65M)	(51.8M)	(74.3M)	(311K)	(807K)	(317K)	(718K)	(779K)	(526K)	(93.9M)	(91.2M)	(93.8M)	(88.6M)	(80M)	(182M)	(159M)
Total Other Income Expenses Net	-80.1M	-34.7M	-35.2M	-31.5M	-32M	-29.1M	-24.2M	-13.5M	-13.5M	-24.3M	-30.3M	-27.6M	-14.6M	-60.4M	-63.7M	-62.2M	-64.4M	-4.3M	721K	-3.7M
Income Before Tax	23M	-14.2M	49.2M	-17.6M	-2.1M	4.7M	84.8M	-37.2M	-38.2M	19.3M	26.4M	-23.4M	23M	9.9M	4.5M	72.7M	78.8M	75.7M	12.4M	10.6M
NET INCOME
Income Tax Expense	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-154.5M	-36.8M	-59.3M	(4.6M)	(29.9M)	-7.3M	-270K	-16.4M	-704K	(1.5M)	(131K)	-3.2M	-2.2M
Net Income	17.6M	-10.7M	42M	-13.5M	611K	5.1M	48.7M	116.8M	43.3M	72M	24.1M	-13.2M	25.5M	8.2M	20.1M	4M	8.5M	12.1M	14.1M	11.6M

SEC Filings

CSR - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 01, 2026	June 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 15, 2026	May 13, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 08, 2026	May 08, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 04, 2026	May 04, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 04, 2026	March 31, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 03, 2026	May 13, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 11, 2026	March 09, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 27, 2026	February 27, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 17, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 17, 2026	February 17, 2026	2026	View Filing

Showing 1 to 10 of 520 filings

Related Guides

Blog Categories

Continue your CSR research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.