What is Centerspace's earnings per share (EPS)?

Centerspace (CSR) reported diluted earnings per share of $1.02 for fiscal year 2025. 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.

Centerspace (CSR) Financials

CSR

Trailing 12 months to June 30, 2026

Revenue $268.9M +0.7% YoY

Net Income $21.4M n/m YoY

EPS (Diluted) $1.25 n/m YoY

Free Cash Flow -$56.0M n/m YoY

Market Cap $958.5M as of Oct 23, 2026

Price / Sales 3.6x on $268.9M revenue, trailing 12 months to June 30, 2026

Price / Earnings 44.7x on $21.4M net income, trailing 12 months to June 30, 2026

Price / Book 1.4x on $680.2M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 3, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CSR SEC filings page.

Centerspace (CSR) reported $268.9M in revenue over the twelve months to Jun 30, 2026, up 0.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI CSR FY2025 2026-10-24

Centerspace’s earnings are highly sensitive to operating items: FY2025 profitability rebounded even as leverage and capital demands remained material.

FY2025’s cash conversion gap is the key nuance: operating cash flow was $98.5M while net income was only $17.1M, showing reported profit understates cash generation. After $34.2M of capital spending, free cash flow was $64.3M, so reinvestment absorbed a meaningful portion of internally generated cash.

Revenue rose 4.9% to $273.7M, but operating margin expanded 15.7 percentage points to 23.6%. Profitability moved far more than volume, indicating that operating-line changes—not topline growth alone—drove the year’s improvement.

Capital spending fell 39.7% to $34.2M, while free cash flow rose 54.6% to $64.3M, showing that FY2024’s reinvestment burden eased. Meanwhile, liabilities reached 56.1% of assets and debt-to-equity was 1.4x, so stronger cash generation still sits within a leveraged balance-sheet structure.

Financial Health Signals

Financial Health Score 66/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Centerspace's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Centerspace scores 81/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Centerspace scores 51/100 on it among other REITs.

Leverage

Centerspace's net debt of $1.0B, being $1.0B of long-term debt less $12.8M of cash, came to 5.63 times its EBITDA in fiscal year 2025. REITs are ranked here on that debt against their EBITDA, where a lower multiple is the safer one, and Centerspace scores 39/100 among other REITs.

Interest Cov.

Centerspace's operating income of $64.5M covered its interest expense of $44.9M 1.44 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and Centerspace scores 50/100 among other REITs.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Centerspace scores 82/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Centerspace scores 91/100 on it among other REITs.

Piotroski F-Score Partial

5/8

Centerspace passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 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 operating efficiency signals passes.

Earnings Quality Cash-Backed

5.76x

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.

Interest Coverage At Risk

1.44x

Centerspace earns $1.44 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

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Earnings & Revenue

Revenue

$65.8M

YoY-4.0%

QoQ+1.1%

5Y CAGR+7.1%

Centerspace generated $65.8M in revenue in Q2 2026. This represents a decrease of 4.0% from the same quarter a year earlier. Against the prior quarter it is up 1.1%.

EBITDA

$33.9M

YoY+66.8%

QoQ+57.8%

5Y CAGR-7.1%

Centerspace's EBITDA was $33.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 66.8% from the same quarter a year earlier. Against the prior quarter it is up 57.8%.

Net Income

-$1.0M

YoYn/m

QoQn/m

Centerspace reported a net loss of $1.0M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EPS (Diluted)

-$0.07

YoYn/m

QoQn/m

Centerspace earned -$0.07 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Balance Sheet

Free Cash Flow

$15.1M

YoYn/m

QoQ-6.4%

5Y CAGR+11.4%

Centerspace generated $15.1M in free cash flow in Q2 2026, representing cash available after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 6.4%.

Cash & Debt

$8.6M

YoY-30.8%

QoQ+13.3%

5Y CAGR+10.5%

Centerspace held $8.6M in cash against $989.6M in long-term debt as of Q2 2026.

Dividends Per Share

$0.77

YoY0.0%

QoQ0.0%

Centerspace paid $0.77 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

17M

YoY+0.2%

QoQ-0.1%

Centerspace had 17M shares outstanding in Q2 2026. This represents an increase of 0.2% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Margins & Returns

Gross Margin

96.8%

YoY+0.3pp

QoQ+0.5pp

5Y change+1.3pp

Centerspace's gross margin was 96.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Operating Margin

13.4%

YoY+23.3pp

QoQ+21.6pp

5Y change-50.0pp

Centerspace's operating margin was 13.4% in Q2 2026, reflecting core business profitability. This is up 23.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 21.6 percentage points.

Net Margin

-1.6%

YoY+19.6pp

QoQ+18.3pp

5Y change-47.7pp

Centerspace's net profit margin was -1.6% in Q2 2026, showing the share of revenue converted to profit. This is up 19.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 18.3 percentage points.

Return on Equity

-0.1%

YoY+1.9pp

QoQ+1.7pp

5Y change-3.3pp

Centerspace's quarterly ROE was -0.1% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.

Capital Allocation

Capital Expenditures

$7.6M

YoY-94.9%

QoQ+43.6%

5Y CAGR+2.3%

Centerspace invested $7.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 94.9% from the same quarter a year earlier. Against the prior quarter it is up 43.6%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

CSR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CSR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$268.9M	$273.7M+4.9%	$261.0M-0.1%	$261.3M+1.8%	$256.7M+27.3%	$201.7M+13.3%	$178.0M-4.2%	$185.8M+52.4%	$121.9M	$169.7M+6.0%	$160.1M+10.0%	$145.5M+63.7%	$88.9M+9.9%	$80.9M+207.9%	$26.3M+711.6%	$3.2M
Cost of Revenue	$9.3M	$9.6M+5.6%	$9.1M-2.4%	$9.4M-5.5%	$9.9M+13.1%	$8.8M+50.9%	$5.8M-6.2%	$6.2M	N/A	$5.5M	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$259.6M	$264.0M+4.8%	$251.9M0.0%	$252.0M+2.1%	$246.8M+27.9%	$193.0M+12.1%	$172.2M-4.1%	$179.6M	N/A	$164.2M	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$23.5M	$20.9M+17.5%	$17.8M-11.3%	$20.1M+14.6%	$17.5M+8.0%	$16.2M+20.6%	$13.4M-7.0%	$14.4M	N/A	$14.3M-10.2%	$15.9M+17.6%	$13.5M+14.2%	$11.8M+10.1%	$10.7M+26.5%	$8.5M+26.9%	$6.7M
Operating Income	$70.0M	$64.5M+215.2%	$20.5M-75.8%	$84.5M+509.3%	$13.9M-53.6%	$29.9M-11.7%	$33.8M-69.0%	$109.0M	N/A	-$23.7Mn/m	-$30.1M-224.1%	$24.3M-46.0%	$44.9M+19.6%	$37.5M-37.0%	$59.6M-14.5%	$69.7M
EBITDA	N/A	$179.2M+39.9%	$128.1M-31.7%	$187.6M+56.3%	$120.1M-2.4%	$123.0M+11.4%	$110.4M-40.1%	$184.4M	N/A	$59.6M+271.7%	$16.0M-75.5%	$65.4M-26.3%	$88.7M+11.5%	$79.5M-25.6%	$106.8M-18.8%	$131.6M
Interest Expense	$45.6M	$44.9M+20.4%	$37.3M+2.3%	$36.4M+11.2%	$32.8M+12.6%	$29.1M+5.6%	$27.5M-9.9%	$30.5M	N/A	$34.2M-0.4%	$34.3M+20.8%	$28.4M-17.5%	$34.4M+2.1%	$33.7M-16.6%	$40.4M-34.6%	$61.8M
Net Income	$21.4M	$17.1Mn/m	-$11.3M-127.4%	$41.3Mn/m	-$14.1Mn/m	-$29K-100.7%	$4.4M-94.4%	$78.7M	N/A	$116.8M+169.4%	$43.3M-39.8%	$72.0M+198.9%	$24.1Mn/m	-$13.2M-151.6%	$25.5M+210.9%	$8.2M
EPS (Basic)	N/A	$1.02	-$1.27	$2.33	-$1.35	-$0.47n/m	-$0.15-102.5%	$6.06	N/A	$8.71+237.6%	$2.58	$4.91	$0.11	-$0.23	$0.17+142.9%	$0.07
EPS (Diluted)	$1.25	$1.02	-$1.27	$2.32	-$1.35	-$0.47n/m	-$0.15-102.5%	$6.00	N/A	$8.71+237.6%	$2.58	$4.91	$0.11	-$0.23	$0.17+142.9%	$0.07
Diluted Shares (Avg)	N/A	17M	16M	17M	15M	14M+9.9%	13M-4.7%	13M	N/A	13M-2.0%	14M	137M	135M	127M	115M+10.7%	103M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$65.8M-4.0%	$65.1M-3.0%	$66.6M+0.3%	$71.4M+9.8%	$68.5M+5.4%	$67.1M+4.0%	$66.4M+3.7%	$65.0M+0.7%
Cost of Revenue	$2.1M-12.5%	$2.4M-2.2%	$2.3M-0.5%	$2.5M+11.0%	$2.4M+7.7%	$2.4M+4.4%	$2.3M-0.3%	$2.2M+2.0%
Gross Profit	$63.7M-3.7%	$62.7M-3.0%	$64.3M+0.3%	$68.9M+9.8%	$66.2M+5.3%	$64.7M+4.0%	$64.1M+3.8%	$62.8M+0.7%
SG&A Expenses	$5.7M+29.1%	$6.3M+26.7%	$6.5M+34.6%	$5.0M+21.8%	$4.4M+3.9%	$5.0M+8.1%	$4.9M+11.4%	$4.1M+7.0%
Operating Income	$8.8Mn/m	-$5.4M-213.6%	-$10.6M-471.7%	$77.2M+1115.9%	-$6.8M-194.5%	$4.7M+16.5%	$2.9Mn/m	$6.3M-63.5%
EBITDA	$33.9M+66.8%	$21.5M-34.4%	$19.9M-36.6%	$106.3M+227.6%	$20.3M-38.3%	$32.7M+4.3%	$31.4M+21.0%	$32.4M-22.9%
Interest Expense	$10.6M-0.9%	$10.5M+8.7%	$11.5M+17.8%	$13.0M+45.2%	$10.7M+14.9%	$9.6M+4.6%	$9.8M+9.9%	$8.9M+4.6%
Net Income	-$1.0Mn/m	-$12.9Mn/m	-$18.4Mn/m	$53.8Mn/m	-$14.5Mn/m	-$3.7Mn/m	-$5.1Mn/m	-$1.0M-113.5%
EPS (Basic)	-$0.07n/m	-$0.77n/m	-$1.10n/m	$3.22	-$0.87	-$0.22	-$0.31n/m	-$0.40
EPS (Diluted)	-$0.07n/m	-$0.77n/m	-$1.10n/m	$3.19	-$0.87	-$0.22	-$0.31n/m	-$0.40
Diluted Shares (Avg)	17M+0.4%	17M+0.3%	N/A	20M	17M	17M	N/A	16M

Not reported in any period shown, so not listed: R&D Expenses, Income Tax.

CSR Balance Sheet

CSR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$1.9B+0.7%	$1.9B-0.7%	$1.9B-5.3%	$2.0B+4.8%	$1.9B+32.5%	$1.5B+5.2%	$1.4B+4.2%	$1.3B	$1.4B-3.2%	$1.5B-16.0%	$1.8B-12.2%	$2.0B+6.9%	$1.9B-1.1%	$1.9B+10.2%	$1.7B
Cash & Equivalents	$12.8M+6.7%	$12.0M+39.4%	$8.6M-17.5%	$10.5M-66.6%	$31.3M+7876.3%	$392K-98.5%	$26.6M+92.7%	$13.8M	$24.4M-15.3%	$28.8M-56.8%	$66.7Mn/m	$0-100.0%	$47.3M-49.8%	$94.1M+135.4%	$40.0M
Accounts Receivable	$524K+36.5%	$384K+43.8%	$267K+23.0%	$217K-67.5%	$667K+27.5%	$523K	N/A	N/A	N/A	$2.6M+70.6%	$1.5M-36.2%	$2.4M-71.7%	$8.5M+86.5%	$4.5M-35.7%	$7.1M
Long-Term Investments	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$4.2M-84.9%	$28.0M+55862.0%	$50K-84.8%	$329K0.0%	$329K-48.5%	$639K+0.8%	$634K
Goodwill	$316K-35.6%	$491K0.0%	$491K-43.3%	$866K0.0%	$866K-12.2%	$986K-9.2%	$1.1M-29.8%	$1.5M	$1.6M-1.2%	$1.6M-6.4%	$1.7M-2.2%	$1.7M+56.2%	$1.1M-0.5%	$1.1M-1.3%	$1.1M
Total Liabilities	$1.1B+6.5%	$1.0B+3.7%	$978.8M-8.2%	$1.1B+16.1%	$918.5M+18.5%	$774.8M+11.3%	$696.0M+1.4%	$686.6M	$732.5M-11.9%	$831.2M-19.2%	$1.0B-17.7%	$1.3B+9.5%	$1.1B+1.3%	$1.1B-1.8%	$1.1B
Long-Term Debt	$1.0B+6.9%	$955.4M+4.3%	$916.0M-9.5%	$1.0B+17.7%	$859.8M+51.8%	$566.3M-5.4%	$598.7M+34.8%	$444.2M	$509.9M-9.9%	$566.0M-30.3%	$812.4M+36.1%	$597.0M-12.1%	$679.0M-35.3%	$1.0B0.0%	$1.0B
Total Equity	$719.2M-4.4%	$752.0M+5.9%	$709.8M-2.7%	$729.5M-5.5%	$772.0M+24.9%	$618.2M-0.1%	$619.1M+8.8%	$568.8M	$605.7M+9.4%	$553.7M-10.5%	$618.8M-5.1%	$652.1M+10.1%	$592.2M-3.4%	$612.8M+41.5%	$433.0M
Retained Earnings	-$649.7Mn/m	-$615.2Mn/m	-$548.3Mn/m	-$539.4Mn/m	-$474.3Mn/m	-$427.7Mn/m	-$390.2Mn/m	-$429.0M	-$395.7Mn/m	-$466.5Mn/m	-$442.0Mn/m	-$438.4Mn/m	-$389.8Mn/m	-$310.3Mn/m	-$278.4M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.8B-8.6%	$1.9B-0.3%	$1.9B+0.7%	$2.1B+11.1%	$2.0B+6.0%	$1.9B-0.5%	$1.9B-0.7%	$1.9B+0.5%
Cash & Equivalents	$8.6M-30.8%	$7.6M-36.6%	$12.8M+6.7%	$12.9M-10.8%	$12.4M-13.6%	$11.9M-6.0%	$12.0M+39.4%	$14.5M-51.3%
Accounts Receivable	N/A	N/A	$524K+36.5%	N/A	N/A	N/A	$384K+43.8%	N/A
Goodwill	N/A	N/A	$316K-35.6%	N/A	N/A	N/A	$491K0.0%	N/A
Total Liabilities	$1.0B-10.8%	$1.1B+5.8%	$1.1B+6.5%	$1.2B+23.3%	$1.2B+18.7%	$1.0B+3.4%	$1.0B+3.7%	$982.3M+9.0%
Long-Term Debt	$989.6M-10.9%	$1.0B+6.3%	$1.0B+6.9%	$1.1B+24.2%	$1.1B+19.3%	$955.5M+2.8%	$955.4M+4.3%	$921.3M+9.3%
Total Equity	$680.2M-4.2%	$695.0M+9.1%	$719.2M-4.4%	$748.6M+11.3%	$710.1M+4.3%	$636.8M-7.5%	$752.0M+5.9%	$672.5M-8.3%
Retained Earnings	-$689.5Mn/m	-$675.5Mn/m	-$649.7Mn/m	-$618.3Mn/m	-$659.3Mn/m	-$631.9Mn/m	-$615.2Mn/m	-$597.7Mn/m

Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Current Liabilities, Non-Current Liabilities.

CSR Cash Flow Statement

CSR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$91.9M	$98.5M+0.2%	$98.2M+9.7%	$89.5M-2.7%	$92.0M+9.5%	$84.0M+37.2%	$61.2M-12.1%	$69.6M	N/A	$55.2M-30.2%	$79.1M+9.4%	$72.3M-36.7%	$114.2M+23.4%	$92.5M+19.0%	$77.7M+19.3%	$65.1M
Depreciation & Amortization	N/A	$114.6M+6.5%	$107.6M+4.3%	$103.2M-2.9%	$106.2M+14.1%	$93.1M+21.6%	$76.6M+1.6%	$75.4M	N/A	$83.3M+80.5%	$46.1M+12.3%	$41.1M-6.1%	$43.8M+4.3%	$42.0M-11.2%	$47.3M-23.7%	$62.0M
Stock-Based Compensation	N/A	$3.4M+14.3%	$3.0M-8.5%	$3.3M+26.0%	$2.6M-2.8%	$2.7M+27.7%	$2.1M+10.6%	$1.9M	N/A	$1.6M+26350.0%	$6K-99.7%	$2.3M+1.9%	$2.2Mn/m	$0n/m	$0-100.0%	$332.0M
Capital Expenditures	-$101.9M	$34.2M-39.7%	$56.7Mn/m	$0-100.0%	$122K-90.3%	$1.3M-24.6%	$1.7M-92.0%	$21.0M	N/A	$18.0M-56.2%	$41.1M+52.7%	$26.9M+26.1%	$21.3M-17.9%	$26.0M+49.9%	$17.3M-59.1%	$42.3M
Free Cash Flow	-$56.0M	$64.3M+54.6%	$41.6M-53.5%	$89.5M-2.6%	$91.9M+11.0%	$82.8M+39.0%	$59.6M+22.4%	$48.7M	N/A	$37.2M-2.0%	$38.0M-16.3%	$45.4M-51.2%	$92.9M+39.5%	$66.5M+10.2%	$60.4M+164.8%	$22.8M
Investing Cash Flow	$154.5M	-$26.9Mn/m	-$50.7M-142.2%	$120.2Mn/m	-$160.1Mn/m	-$267.2Mn/m	-$165.0M-2454.3%	$7.0M	N/A	$80.1M-64.3%	$224.2M+74.4%	$128.6Mn/m	-$176.4Mn/m	-$121.8Mn/m	-$134.1Mn/m	-$128.3M
Financing Cash Flow	-$254.2M	-$69.1Mn/m	-$43.7Mn/m	-$212.4M-613.3%	$41.4M-80.7%	$214.5M+230.4%	$64.9Mn/m	-$49.8M	N/A	-$176.0Mn/m	-$317.9Mn/m	-$189.3M-396.2%	$63.9Mn/m	-$17.5M-115.9%	$110.6M+78.5%	$61.9M
Dividends Paid	$51.6M	$51.1M+11.5%	$45.8M+4.7%	$43.7M-1.6%	$44.5M+15.5%	$38.5M+9.8%	$35.0M+6.5%	$32.9M	N/A	$33.7M-39.7%	$55.9M-6.9%	$60.1M+31.3%	$45.7M+12.2%	$40.8M+11.8%	$36.5M0.0%	$36.5M
Share Buybacks	N/A	$3.5M-26.6%	$4.7M-59.2%	$11.5M-60.3%	$29.1Mn/m	$0n/m	$0-100.0%	$18.0M	N/A	$9.9M+120.7%	$4.5M-87.1%	$35.0M	N/A	N/A	$15K+7.1%	$14K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$22.7M-10.1%	$21.4M-15.8%	$12.7M-31.9%	$35.1M+8.5%	$25.3M+10.5%	$25.4M+4.2%	$18.7M+54.3%	$32.3M+1.4%
Depreciation & Amortization	$25.1M-7.5%	$26.9M-4.0%	$29.8M+6.6%	$29.1M+11.4%	$27.1M+5.4%	$28.0M+2.4%	$28.0M+3.9%	$26.1M+5.6%
Stock-Based Compensation	$1.1M+32.1%	$1.1M+26.8%	N/A	$873K+14.3%	$833K+13.6%	$858K+14.6%	N/A	$764K+26.9%
Capital Expenditures	$7.6M-94.9%	$5.3M+5.4%	$10.0M+8.9%	-$124.9M+953.8%	$149.0M+981.6%	$5.0M-76.9%	$9.2M-76.6%	$11.8M-17.3%
Free Cash Flow	$15.1Mn/m	$16.1M-21.0%	$2.7M-71.8%	-$89.8M-538.8%	-$123.7M-1462.0%	$20.4M+686.2%	$9.4Mn/m	$20.5M+16.8%
Investing Cash Flow	$22.0Mn/m	-$5.0Mn/m	$80.2Mn/m	$57.4Mn/m	-$159.6Mn/m	-$4.9Mn/m	-$10.3Mn/m	-$12.0M-117.7%
Financing Cash Flow	-$44.5M-133.1%	-$21.8Mn/m	-$143.0Mn/m	-$44.9Mn/m	$134.5Mn/m	-$15.6Mn/m	-$12.5M-223.6%	-$18.4Mn/m
Dividends Paid	$12.9M+0.4%	$12.9M+3.7%	$12.9M+3.6%	$12.9M+14.3%	$12.9M+15.3%	$12.4M+13.9%	$12.4M+13.3%	$11.3M+3.5%
Share Buybacks	N/A	N/A	$0n/m	$3.5Mn/m	$0n/m	$0-100.0%	$0-100.0%	$0n/m

CSR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CSR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	96.5%0.0pp	96.5%+0.1pp	96.4%+0.3pp	96.2%+0.5pp	95.7%-1.1pp	96.7%+0.1pp	96.7%	N/A	96.7%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	23.6%+15.7pp	7.8%-24.5pp	32.3%+26.9pp	5.4%-9.4pp	14.8%-4.2pp	19.0%-39.7pp	58.7%	N/A	-14.0%+4.8pp	-18.8%-35.5pp	16.7%-33.9pp	50.5%+4.1pp	46.4%	226.7%	2152.2%
Net Margin	6.3%+10.6pp	-4.3%-20.1pp	15.8%+21.3pp	-5.5%-5.5pp	0.0%-2.5pp	2.5%-39.8pp	42.4%	N/A	68.8%+41.7pp	27.1%-22.4pp	49.5%+22.4pp	27.1%+43.4pp	-16.3%-113.5pp	97.2%	253.7%
Return on Equity	2.4%+3.9pp	-1.5%-7.3pp	5.8%+7.8pp	-1.9%-1.9pp	0.0%-0.7pp	0.7%-12.0pp	12.7%	N/A	19.3%+11.5pp	7.8%-3.8pp	11.6%+8.0pp	3.7%+5.9pp	-2.2%-6.4pp	4.2%+2.3pp	1.9%
Return on Assets	0.9%+1.5pp	-0.6%-2.7pp	2.1%+2.8pp	-0.7%-0.7pp	0.0%-0.3pp	0.3%-5.3pp	5.7%	N/A	8.2%+5.3pp	2.9%-1.2pp	4.1%+2.9pp	1.2%+1.9pp	-0.7%-2.1pp	1.4%+0.9pp	0.5%
Debt-to-Equity	1.42+0.1x	1.270.0x	1.29-0.1x	1.39+0.3x	1.11+0.2x	0.92-0.1x	0.97+0.2x	0.78	0.84-0.2x	1.02-0.3x	1.31+0.4x	0.92-0.2x	1.15-0.6x	1.71-0.7x	2.42
Liabilities-to-Equity	1.50+0.2x	1.350.0x	1.38-0.1x	1.46+0.3x	1.19-0.1x	1.25+0.1x	1.12-0.1x	1.21	1.21-0.3x	1.50-0.2x	1.66-0.3x	1.920.0x	1.93+0.1x	1.84-0.8x	2.65
Asset Turnover	0.140.0x	0.140.0x	0.140.0x	0.130.0x	0.100.0x	0.120.0x	0.130.0x	0.09	0.120.0x	0.110.0x	0.080.0x	0.040.0x	0.040.0x	0.010.0x	0.00
FCF Margin	23.5%+7.6pp	15.9%-18.3pp	34.3%-1.5pp	35.8%-5.2pp	41.0%+7.6pp	33.5%+7.3pp	26.2%	N/A	21.9%-1.8pp	23.7%-7.4pp	31.2%	104.5%	82.3%	229.8%	704.5%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	96.8%+0.3pp	96.3%0.0pp	96.5%0.0pp	96.5%0.0pp	96.5%-0.1pp	96.4%0.0pp	96.5%+0.1pp	96.5%0.0pp
Operating Margin	13.4%+23.3pp	-8.3%-15.4pp	-16.0%-20.3pp	108.1%	-9.9%-21.0pp	7.1%+0.7pp	4.3%+6.7pp	9.8%-17.2pp
Net Margin	-1.6%+19.6pp	-19.8%-14.2pp	-27.7%-20.0pp	75.3%+76.9pp	-21.2%-19.2pp	-5.6%+0.5pp	-7.6%+5.1pp	-1.6%-13.6pp
Return on Equity	-0.1%+1.9pp	-1.8%-1.3pp	-2.6%-1.9pp	7.2%+7.3pp	-2.0%-1.9pp	-0.6%0.0pp	-0.7%+0.5pp	-0.2%-1.2pp
Return on Assets	-0.1%+0.7pp	-0.7%-0.5pp	-1.0%-0.7pp	2.6%+2.6pp	-0.7%-0.7pp	-0.2%0.0pp	-0.3%+0.1pp	-0.1%-0.5pp
Debt-to-Equity	1.45-0.1x	1.460.0x	1.42+0.1x	1.53+0.2x	1.56+0.2x	1.50+0.2x	1.270.0x	1.37+0.2x
Liabilities-to-Equity	1.53-0.1x	1.540.0x	1.50+0.2x	1.62+0.2x	1.65+0.2x	1.59+0.2x	1.350.0x	1.46+0.2x
Asset Turnover	0.040.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.040.0x	0.030.0x	0.030.0x
FCF Margin	22.9%	24.8%-5.6pp	4.0%-10.2pp	-125.8%	-180.5%	30.4%+26.4pp	14.2%+56.9pp	31.5%+4.3pp

Not reported in any period shown, so not listed: Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Centerspace CSR	FY2025	$273.7M	$17.1M	6.3%	$958.5M	66/100
Apartment Investment and Management Company AIV	FY2025	$138.5M	$547.2M	N/A	$236.7M	72/100
UMH Properties, Inc. UMH	FY2025	$261.8M	$26.5M	10.1%	$1.3B	59/100
Elme Communities ELME	FY2024	$241.9M	-$13.1M	-5.4%	N/A	56/100
NexPoint Residential Trust Inc NXRT	FY2025	$251.3M	-$32.0M	-12.8%	$479.3M	33/100

Where Centerspace Ranks

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 $21.4M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $17.1M, with a net profit margin of 6.3%.

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 $3.08 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 $64.3M in free cash flow during fiscal year 2025. This represents a 54.6% change compared to the previous fiscal year. 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 $34.2M 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. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Centerspace's liabilities-to-equity ratio?

Centerspace (CSR) had a liabilities-to-equity ratio of 1.50 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-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 P/E ratio?

Centerspace (CSR) trades at 44.7x earnings, its market capitalization divided by $21.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $958.5M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Centerspace's price-to-sales ratio?

Centerspace (CSR) trades at 3.6x sales, its market capitalization divided by $268.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $958.5M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Centerspace's Piotroski F-Score?

Centerspace (CSR) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.44x, 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 66 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is the average of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.