Centerspace (CSR)
Owns and operates apartment communities across Midwest and Mountain West markets.
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Owns and operates apartment communities, with rental income as the main revenue source. The portfolio is concentrated in U.S. Midwest and Mountain West markets, while rent resets, local housing competition, REIT rules, and planned asset sales shape the business.
Owns, manages, acquires, develops, and redevelops apartment communities through a multifamily-focused REIT platform. Rental income from apartment homes is the main revenue source, with smaller property fees and mixed-use activity around the edges.
The portfolio is concentrated in the United States, especially selected Midwest and Mountain West markets including Minneapolis/St. Paul, Denver, Boulder/Fort Collins, and Salt Lake City. Recent activity has shifted capital toward larger markets while selling non-core communities.
Execution depends on resident experience, community operations, redevelopment, acquisitions, and balance-sheet discipline. Apartment leases usually reset within a year, local alternatives compete for residents, REIT qualification governs distributions, and planned dispositions may close later than expected or not at all.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 15, 2026 | UBS | Reiterate | Rating: —Target: $70 | Target: $68 |
| Sep 10, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $65 | Target: $57 |
| Sep 10, 2026 | Compass Point | Upgrade | ||
| Sep 9, 2026 | Compass Point | Upgrade | Target: — | Target: $80 |
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $60 | Target: $57 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $8.6M · Total debt $989.6M · Total assets $1.84B · Shareholders' equity $686.2M
- Revenue
- $65.8M
- Operating income
- $8.6M
- Net income
- −$962.0K
HistoryDividendAnnual yieldUpcoming
| Institutions | 96.10% | 16.15M shares | |
|---|---|---|---|
| 221 holders · as of Jun 30, 2026 | |||
| Insiders | 0.67% | 112.3K shares | |
| 9 holders · as of Jun 24, 2026 | |||
| Other | 3.23% | 543.3K shares | |
| remainder | |||
16.80M company shares as of Aug 27, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.78% | 2.99M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 10.21% | 1.72M | as of Jun 30, 2026 |
Voss Capital, LLCInstitution | 7.32% | 1.23M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.68% | 953,946 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.43% | 744,583 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 22, 2026 | Rodney Jones-Tyson | director | +1,700 | $55.26 |
| Jun 18, 2026 | John A. Schissel | director | +500 | $54.90 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Centerspace | $56.14 | +1.38% | $930.4M | 44.0 | — | 3.5 | −4.0% |
| Equity Residential | $62.17 | +1.32% | $23.01B | 26.9 | 40.2 | 7.3 | +2.1% |
| UDR | $34.17 | +0.81% | $10.89B | 21.6 | 58.1 | 6.3 | −0.0% |
| Mid-America Apartment Communities | $119.38 | +0.44% | $13.83B | 34.8 | 38.1 | 6.2 | +1.0% |
| Camden Property Trust | $99.24 | +0.43% | $9.93B | 32.8 | 104.8 | 6.3 | −0.9% |
| Independence Realty Trust | $14.84 | +1.19% | $3.46B | 79.9 | 69.2 | 5.2 | +3.2% |
| NexPoint Residential Trust | $21.69 | +1.47% | $543.1M | — | — | 2.1 | +2.4% |
| Median | 32.8 | 58.1 | 6.3 | +1.5% |