Centerspace Financials
This page shows Centerspace (CSR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Centerspace has an operating margin of 23.6%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 7.8% the prior year.
Centerspace's revenue grew a modest 4.9% year-over-year to $273.7M. This slow but positive growth earns a score of 42/100.
Centerspace has a moderate D/E ratio of 1.42. This balance of debt and equity financing earns a leverage score of 59/100.
Centerspace's free cash flow margin of -18.5% results in a low score of 0/100. Capital expenditures of $149K absorb a large share of operating cash flow.
Centerspace generates a 2.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100.
Centerspace passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Centerspace generates $5.76 in operating cash flow ($98.5M OCF vs $17.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Centerspace earns $1.4 in operating income for every $1 of interest expense ($64.5M vs $44.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Centerspace generated $273.7M in revenue in fiscal year 2025. This represents an increase of 4.9% from the prior year.
Centerspace's EBITDA was $179.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 39.9% from the prior year.
Centerspace generated -$51K in free cash flow in fiscal year 2025, representing cash available after capex.
Centerspace reported $17.1M in net income in fiscal year 2025. This represents an increase of 251.0% from the prior year.
Centerspace earned $1.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 180.3% from the prior year.
Centerspace held $12.8M in cash against $1.0B in long-term debt as of fiscal year 2025.
Centerspace paid $2.92 per share in dividends in fiscal year 2025.
Centerspace had 17M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.
Centerspace's gross margin was 96.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.0 percentage points from the prior year.
Centerspace's operating margin was 23.6% in fiscal year 2025, reflecting core business profitability. This is up 15.7 percentage points from the prior year.
Centerspace's net profit margin was 6.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.6 percentage points from the prior year.
Centerspace's ROE was 2.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Centerspace spent $3.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 26.6% from the prior year.
Centerspace invested $149K in capex in fiscal year 2025, funding long-term assets and infrastructure.
CSR Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'25 | Q4'25 | Q3'25 | Q2'25 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.6M-6.7% | $71.4M+4.2% | $68.5M+2.2% | $67.1M+1.0% | $66.4M+2.1% | $65.0M0.0% | $65.0M+0.8% | $64.5M |
| Cost of Revenue | $2.3M-6.7% | $2.5M+4.0% | $2.4M-1.6% | $2.4M+4.2% | $2.3M+4.1% | $2.2M+0.9% | $2.2M-4.6% | $2.3M |
| Gross Profit | $64.3M-6.7% | $68.9M+4.2% | $66.2M+2.3% | $64.7M+0.9% | $64.1M+2.1% | $62.8M-0.1% | $62.8M+1.0% | $62.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.5M+30.9% | $5.0M+14.0% | $4.4M-12.3% | $5.0M+2.8% | $4.9M+18.5% | $4.1M-2.7% | $4.2M-8.8% | $4.6M |
| Operating Income | -$10.6M-113.8% | $77.2M+1236.1% | -$6.8M-243.2% | $4.7M+66.1% | $2.9M-55.0% | $6.3M-11.7% | $7.2M+76.5% | $4.1M |
| Interest Expense | $11.5M-11.2% | $13.0M+21.1% | $10.7M+11.3% | $9.6M-1.6% | $9.8M+9.5% | $8.9M-4.1% | $9.3M+1.4% | $9.2M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$18.4M-134.3% | $53.8M+470.5% | -$14.5M-288.7% | -$3.7M+26.5% | -$5.1M-384.6% | -$1.0M+19.1% | -$1.3M+66.8% | -$3.9M |
| EPS (Diluted) | $-1.08-133.9% | $3.19+466.7% | $-0.87-295.5% | $-0.22+29.0% | $-0.31+22.5% | $-0.40-110.5% | $-0.19+48.6% | $-0.37 |
CSR Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'25 | Q4'25 | Q3'25 | Q2'25 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B-8.2% | $2.1B+4.2% | $2.0B+6.3% | $1.9B-1.1% | $1.9B+1.4% | $1.9B-0.6% | $1.9B-0.2% | $1.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $12.8M-0.5% | $12.9M+4.2% | $12.4M+3.9% | $11.9M-0.9% | $12.0M-16.8% | $14.5M+0.9% | $14.3M+13.0% | $12.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $524K | N/A | N/A | N/A | $384K | N/A | N/A | N/A |
| Goodwill | $316K | N/A | N/A | N/A | $491K | N/A | N/A | N/A |
| Total Liabilities | $1.1B-10.8% | $1.2B+3.6% | $1.2B+15.3% | $1.0B-0.2% | $1.0B+3.3% | $982.3M-0.2% | $984.6M+0.5% | $979.8M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $1.0B-10.7% | $1.1B+3.0% | $1.1B+16.3% | $955.5M0.0% | $955.4M+3.7% | $921.3M-1.1% | $931.7M+0.3% | $929.1M |
| Total Equity | $719.2M-3.9% | $748.6M+5.4% | $710.1M+11.5% | $636.8M-15.3% | $752.0M+11.8% | $672.5M-1.2% | $680.7M-1.1% | $688.1M |
| Retained Earnings | -$649.7M-5.1% | -$618.3M+6.2% | -$659.3M-4.3% | -$631.9M-2.7% | -$615.2M-2.9% | -$597.7M-3.2% | -$579.1M-2.5% | -$565.0M |
CSR Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'25 | Q4'25 | Q3'25 | Q2'25 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.7M-63.7% | $35.1M+38.7% | $25.3M-0.6% | $25.4M+36.2% | $18.7M-42.2% | $32.3M+41.4% | $22.9M-6.3% | $24.4M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $80.2M+39.5% | $57.4M+136.0% | -$159.6M-3166.8% | -$4.9M+52.4% | -$10.3M+14.8% | -$12.0M+37.9% | -$19.4M-114.6% | -$9.0M |
| Financing Cash Flow | -$143.0M-218.9% | -$44.9M-133.4% | $134.5M+961.1% | -$15.6M-24.6% | -$12.5M+32.1% | -$18.4M-917.1% | -$1.8M+83.4% | -$10.9M |
| Dividends Paid | $12.9M-0.3% | $12.9M+0.1% | $12.9M+3.5% | $12.4M+0.2% | $12.4M+10.0% | $11.3M+1.0% | $11.2M+2.2% | $10.9M |
| Share Buybacks | $0-100.0% | $3.5M | $0 | $0 | $0 | $0 | $0-100.0% | $4.7M |
CSR Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'25 | Q4'25 | Q3'25 | Q2'25 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 96.5%0.0pp | 96.5%0.0pp | 96.5%+0.1pp | 96.4%-0.1pp | 96.5%-0.1pp | 96.5%-0.0pp | 96.6%+0.2pp | 96.4% |
| Operating Margin | -16.0%-124.1pp | 108.1%+118.0pp | -9.9%-17.0pp | 7.1%+2.8pp | 4.3%-5.5pp | 9.8%-1.3pp | 11.1%+4.7pp | 6.3% |
| Net Margin | -27.7%-103.0pp | 75.3%+96.5pp | -21.2%-15.6pp | -5.6%+2.1pp | -7.6%-6.0pp | -1.6%+0.4pp | -2.0%+4.1pp | -6.0% |
| Return on Equity | N/A | 7.2% | N/A | N/A | 7.9%+2.1pp | 5.8%+5.2pp | 0.6% | N/A |
| Return on Assets | -1.0%-3.5pp | 2.6%+3.3pp | -0.7%-0.5pp | -0.2%+0.1pp | -0.3%-0.2pp | -0.1%+0.0pp | -0.1%+0.1pp | -0.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.42-0.1 | 1.53-0.0 | 1.56+0.1 | 1.50+0.2 | 1.27-0.1 | 1.370.0 | 1.37+0.0 | 1.35 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Centerspace's annual revenue?
Centerspace (CSR) reported $273.7M in total revenue for fiscal year 2025. This represents a 4.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Centerspace's revenue growing?
Centerspace (CSR) revenue grew by 4.9% year-over-year, from $261.0M to $273.7M in fiscal year 2025.
Is Centerspace profitable?
Yes, Centerspace (CSR) reported a net income of $17.1M in fiscal year 2025, with a net profit margin of 6.3%.
What is Centerspace's earnings per share (EPS)?
Centerspace (CSR) reported diluted earnings per share of $1.02 for fiscal year 2025. This represents a 180.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Centerspace's EBITDA?
Centerspace (CSR) had EBITDA of $179.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Centerspace have?
As of fiscal year 2025, Centerspace (CSR) had $12.8M in cash and equivalents against $1.0B in long-term debt.
What is Centerspace's gross margin?
Centerspace (CSR) had a gross margin of 96.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Centerspace's operating margin?
Centerspace (CSR) had an operating margin of 23.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Centerspace's net profit margin?
Centerspace (CSR) had a net profit margin of 6.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Centerspace pay dividends?
Yes, Centerspace (CSR) paid $2.92 per share in dividends during fiscal year 2025.
What is Centerspace's return on equity (ROE)?
Centerspace (CSR) has a return on equity of 2.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Centerspace's free cash flow?
Centerspace (CSR) generated -$51K in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Centerspace's operating cash flow?
Centerspace (CSR) generated $98.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Centerspace's total assets?
Centerspace (CSR) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Centerspace's capital expenditures?
Centerspace (CSR) invested $149K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Centerspace buy back shares?
Yes, Centerspace (CSR) spent $3.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Centerspace have outstanding?
Centerspace (CSR) had 17M shares outstanding as of fiscal year 2025.
What is Centerspace's debt-to-equity ratio?
Centerspace (CSR) had a debt-to-equity ratio of 1.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Centerspace's return on assets (ROA)?
Centerspace (CSR) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Centerspace's Piotroski F-Score?
Centerspace (CSR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Centerspace's earnings high quality?
Centerspace (CSR) has an earnings quality ratio of 5.76x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Centerspace cover its interest payments?
Centerspace (CSR) has an interest coverage ratio of 1.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Centerspace?
Centerspace (CSR) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.