Centerspace stock
CSRNYSEReal EstateISIN US15202L1070
60Score 60 out of 100, Neutral
Price and trend
56 / 100
Price history
−16% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 5.2% below it.
Since July 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 47).
The price is 18% below its 52-week high. Largest decline in 20 years: 62% (October 2007 to April 2020).
Chart figures for advanced users
- SMA 50$56.24
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$59.31
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)47
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$52.39
- The lowest closing price of the last twelve months.
- Resistance$68.89
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Centerspace belongs to the REIT (Residential) industry (United States) and, with a market value of $946.18M, is number 14 of 17 companies in its industry on MEQIRI.
- MEQIRI Score 60 out of 100 (Neutral): rank 84 of 327 in Real Estate, median 55.
- The P/E is 10.5 (REIT (Residential) median 26, own median of recent years 17.1).
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- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $80.71, with the price 30% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Modestly valuedP/E 10.5, REIT (Residential) median 26, own median 17.1.Valuation 91
- Below fair valuePrice 30% below the fair value of $80.71.Valuation 91
- Growing faster than its industryRevenue up 14.7% a year since 2020, REIT (Residential) median 8.1%.Growth 59
Weaknesses
- DilutionShare count up 33% since 2020.Capital allocation 38
- Interest barely coveredOperating profit covers interest only 1.5 times.Stability 63
- Margin may fall backOperating margin 29.2%, average of the prior years 14.8%, which ranged from 5.4% to 32.3%. After peaks like this, the margin was more than a quarter lower two years later in 44 of 100 cases, against 24 of 100 for other companies with high margins.Profitability 65
Its standout strength is valuation, while momentum and capital allocation hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $62.08 and expensive above $115.30 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $98.24 (cash-flow model) and $63.18 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $72.44, at 7.8% it would be $93.11.
Valuation metrics
Half from the cash-flow model, half from FFO per share times the median price to FFO of the REIT industry (15.3). For REITs, depreciation on buildings depresses earnings, so FFO counts instead of earnings, here following the industry rule (Nareit) from the filings with the SEC: gains on property sales are deducted where the company reports them in the standard items. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 9% of revenue, and less preferred dividends. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue fell 6% on the twelve months before. Revenue has grown solidly since 2005, at about 4% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 3%, operating 29%, net 5%. Last 12 months: net 35%.
Debt & balance sheet
latest quarterDebt is moderate, but interest coverage is weak. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 16 Feb 2027in 96 days
- Last reported
- 2 Nov 2026EPS reported $7.28 (expected $0.15)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- −$0.380.0%
- Revenue
- $253.33M−0.8%
- Earnings per share
- −$0.260.0%
- Revenue
- $247.68M−1.9%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −0.5%A new same-store pool applies after the sales: 2026 same-store NOI growth of flat to down 1% and revenue growth of 0.5% at the midpoint; total debt is expected below $850 million.
“Following the sales, we expect total debt to be below $850 million and assuming $50 million to $60 million in special distributions later this year, net debt to EBITDA should settle in the mid-6x range.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 3 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
2 insiders bought on the open market in the last 6 months, $121,392 in total.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Centerspace
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 60
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Residential)
The next larger and next smaller companies by market value
- Camden Property TrustCPT $9.96B60
- Millrose PropertiesMRP $4.01B53
- Independence Realty TrustIRT $3.53B56
- Xior Student HousingXIOR.BR $1.33B57
- UMH PropertiesUMH $1.27B42
- Irish Residential Properties REITIRES.IR $793.62M55
- Home Invest BelgiumHOMI.BR $396.59M61
- NexPoint Residential TrustNXRT $393.98M36
ETFs that hold Centerspace
Held by 18 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares US Property Yield UCITS ETFIQQ7 | 0.08% | 0.40% | €554.91M |
| State Street SPDR Dow Jones Global Real Estate UCITS ETF (Dist)SPYJ | 0.06% | 0.40% | €329.7M |
| iShares Developed Markets Property Yield UCITS ETFIQQ6 | 0.06% | 0.59% | €812.71M |
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| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.06% | 0.30% | €2.28B |
| UBS FTSE EPRA Nareit Developed Green UCITS ETF USD disCSYZ | 0.06% | 0.25% | €207.23M |
| Amundi FTSE EPRA NAREIT Global UCITS ETF Dist10AJ | 0.05% | 0.24% | €603.52M |
| HSBC FTSE EPRA NAREIT Developed UCITS ETFH4ZL | 0.04% | 0.24% | €3.36B |
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.04% | 0.30% | €185.82M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.