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Companies / Real Estate / Centerspace
CSR

Centerspace

Ticker CSRMINOT, NDFiscal year ends DecemberBook value per share $44.59Diluted shares 17.8M

Centerspace (NYSE: CSR) is a real estate investment trust focused on owning, managing, acquiring, developing and redeveloping apartment communities, with renters as its primary customers. Its portfolio is concentrated in the Midwest and Mountain West, with emphasis on metropolitan areas including Minneapolis–St. Paul,… From the company’s description.

Over the twelve months to Sep 30, 2026, Centerspace reported revenue of $256.99M, down 6.0% from a year earlier, and net income of $106.07M. Its operating margin was 56.1%, and operations generated $77.48M in cash. In fiscal 2025, it reported revenue of $273.66M, up 4.9% from fiscal 2024, and net income of $22.96M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$273.66MFY2025
+4.9% year over year
Last 12 mo $256.99M
23.58%FY2025
+15.7 percentage points
Last 12 mo 56.13%
$22.96MFY2025
+261.8% year over year
Last 12 mo $106.07M
2.38%FY2025
+4.1 percentage points
Last 12 mo 11.48%
Cash & financing
$98.45MFY2025
+0.2% year over year
Last 12 mo $77.48M
$64.29MFY2025
+54.6% year over year
Last 12 mo $48.63M
1.42FY2025
Was 1.46× a year earlier
Last 12 mo 1.03
16.8MFY2025
+8.2% year over year
Last 12 mo 17.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Centerspace does

In the company’s own words

Centerspace (NYSE: CSR) is a real estate investment trust focused on owning, managing, acquiring, developing and redeveloping apartment communities, with renters as its primary customers. Its portfolio is concentrated in the Midwest and Mountain West, with emphasis on metropolitan areas including Minneapolis–St. Paul, Denver, Boulder/Fort Collins and Salt Lake City. Centerspace operates through a single business focused on multifamily housing; its activities include leasing homes, managing communities and improving or redeveloping properties. The company was organized in 1970 and adopted an UPREIT structure in 1997, conducting daily operations primarily through its operating partnership, Centerspace, LP. As of December 31, 2025, it owned 61 apartment communities containing 12,262 homes, with a net real estate investment of $1.9 billion, and employed 349 people. Its website is www.centerspacehomes.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
MINOT, ND
Fiscal year end
December
CIK
798359
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-47.72M$42.53M$132.77M$223.02M$313.27M20112012201320142015201620172019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Centerspace — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

232
funds hold it
0 of 35
superinvestors hold it
$463.58M
held by funds, at market
45.2%
of shares held by funds

Largest fund holders · Centerspace’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.05%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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