Feed / CSR

Centerspace

CSR

Real Estate · 58.21 +0.9% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Centerspace's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company+0.9% todayVolume comparison unavailable
Market group0 of 11 activeHealthcare Real Estate · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • CSR's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if CSR's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Real Estate · REIT - Residential

No new filing conclusion is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • CSR's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements82
Verified relationships1
Evidence supporting the case
  • Operating margin changed +15.7 percentage points in the latest annual period.
  • Net margin changed +10.6 percentage points in the latest annual period.
  • Operating cash flow covered net income at 5.76x in the latest annual period.
  • Credit and interest rates has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Diluted shares increased 8.2% in the latest annual period.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 98% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 37% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

58.21
6m-7.0%12m-0.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$201.7M+13.3%$-0.47+9.9%
2022-12-31$256.7M+27.3%$-1.35+10.2%
2023-12-31$261.3M+1.8%$2.32+12.5%
2024-12-31$261.0M-0.1%$-1.27-9.4%
2025-12-31$273.7M+4.9%$1.02+8.2%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 4 filings
This FFO decrease was primarily due to decreased NOI from dispositions and same-store communities along with increases in general and administrative expenses and interest expense, offset by increased NOI from non-same-store communities.
10-Q · May 4, 2026
Restructuring and cost reductionsnegative · 4 filings
Nareit defines FFO as net income or loss calculated in accordance with GAAP, excluding: • depreciation and amortization related to real estate; • gains and losses from the sale of certain real estate assets; • gains and losses from change in control; • impair…
10-Q · May 4, 2026
Legal and regulatory exposurenegative · 1 filings
LITIGATION SETTLEMENT During the year ended December 31, 2023, the Company recorded a loss on litigation settlement of $ 3.9 million due to a trial judgment entered against Centerspace for property damage, resulting in monetary losses.
10-K · Feb 17, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 3.6× · EV/sales 7.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

58.21+0.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for CSR. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for CSR. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind CSR

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

PRUPrudential Financial, Inc.investeeMay 4, 2026

We have a private shelf agreement with PGIM, Inc., an affiliate of Prudential Financial, Inc., and certain affiliates of PGIM, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

CSR is currently a Follower in the organic co-movement group Healthcare Real Estate. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for CSR; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.