Go Pro
→ AI Is Coming for Your Money (From Priority Gold) (Ad)tc pixel Free CSR Stock Alerts

Centerspace (CSR) Financials

Centerspace logo
$55.65 -1.03 (-1.82%)
As of 10:46 AM Eastern
This is a fair market value price provided by Massive. Learn more.
Compare
Annual Income Statements for Centerspace

Annual Income Statements for Centerspace

This table shows Centerspace's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 4/30/2014 4/30/2015 4/30/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -25 13 105 72 -1.79 -6.46 -21 35 -20 17
Consolidated Net Income / (Loss)		 -17 29 128 85 4.74 -2.10 -18 49 -14 23
Net Income / (Loss) Continuing Operations		 5.90 17 -37 83 4.74 -2.10 -19 49 -14 23
Total Pre-Tax Income 		5.95 11 -37 83 4.74 -2.10 -19 49 -14 23
Total Operating Income		 38 45 -24 109 34 30 14 84 20 65
Total Gross Profit		 165 179 164 180 172 193 247 252 252 264
Total Revenue		 165 179 170 186 178 202 257 261 261 274
Operating Revenue		 165 179 170 186 178 - 257 261 261 274
Total Cost of Revenue		 0.00 0.00 5.53 6.19 5.80 8.75 9.90 9.35 9.13 9.64
Operating Cost of Revenue		 - - 5.53 6.19 5.80 8.75 9.90 9.35 9.13 9.64
Total Operating Expenses		 127 134 188 168 138 163 233 166 231 199
Selling, General & Admin Expense		 13 13 14 14 13 16 18 20 18 21
Depreciation Expense		 40 43 82 74 76 92 105 102 106 113
Other Operating Expenses / (Income)		 69 73 74 79 49 55 110 35 107 28
Impairment Charge		 7.70 4.66 18 - - 0.00 0.00 5.22 0.00 38
Total Other Income / (Expense), net		 -32 -34 -13 71 -29 -32 -33 -36 -35 -42
Interest Expense		 34 34 35 33 28 32 33 36 35 42
Other Adjustments to Consolidated Net Income / (Loss)		 - - - 2.09 - 0.00 1.25 - 0.00 0.00
Preferred Stock Dividends Declared		 12 12 12 7.36 6.87 7.07 7.07 7.07 8.97 0.49
Net Income / (Loss) Attributable to Noncontrolling Interest		 -3.77 4.60 11 5.62 -0.34 -2.71 -4.17 7.27 -3.50 5.38
Basic Earnings per Share		 ($0.23) $0.11 $8.71 $6.06 ($0.15) ($0.47) ($1.35) $2.33 ($1.27) $1.02
Weighted Average Basic Shares Outstanding		 109.37M 124.57M 119.41M 11.74M 12.56M 13.80M 15.22M 14.99M 15.50M 16.73M
Diluted Earnings per Share		 ($0.23) $0.11 $8.71 $6.00 ($0.15) ($0.47) ($1.35) $2.32 ($1.27) $1.02
Weighted Average Diluted Shares Outstanding		 109.37M 124.57M 119.41M 13.18M 12.56M 13.80M 15.22M 17.12M 15.50M 16.78M
Weighted Average Basic & Diluted Shares Outstanding		 109.37M 124.57M 119.41M - 13.05M 15.04M 15.03M 14.91M 16.73M 16.77M
Cash Dividends to Common per Share		 - - $2.80 $2.10 $2.80 $2.84 $2.92 $2.92 $3.00 $3.08

Quarterly Income Statements for Centerspace

This table shows Centerspace's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -9.76 -5.51 -2.90 -6.17 -5.08 -3.73 -15 54 -18 -13 -1.02
Consolidated Net Income / (Loss)		 -9.89 -4.79 -1.66 -1.95 -5.79 -4.18 -17 65 -21 -15 -1.13
Net Income / (Loss) Continuing Operations		 -9.59 -4.79 -1.66 -1.95 -4.66 -4.18 -17 65 -21 -15 -1.13
Total Pre-Tax Income 		-9.59 -4.79 -2.14 -2.60 -4.66 -4.18 -17 64 -19 -15 -1.84
Total Operating Income		 -1.51 4.08 7.19 6.35 2.86 4.75 -6.80 77 -11 -5.39 8.78
Total Gross Profit		 69 62 65 65 37 65 66 71 57 63 66
Total Revenue		 64 65 65 65 66 67 69 71 67 65 66
Operating Revenue		 - 65 65 65 - 67 69 71 67 65 66
Total Cost of Revenue		 -4.80 2.33 0.00 0.00 29 2.43 2.39 0.00 9.64 2.38 0.00
Total Operating Expenses		 69 58 58 59 34 60 73 74 -12 68 57
Selling, General & Admin Expense		 4.36 4.62 4.22 4.10 4.86 5.00 4.38 5.00 6.54 6.33 5.66
Depreciation Expense		 27 27 26 26 28 28 27 29 29 26 25
Other Operating Expenses / (Income)		 32 26 28 28 1.81 27 27 31 -62 26 27
Impairment Charge		 - - 0.00 0.00 - 0.00 15 8.68 - 9.70 0.00
Other Special Charges / (Income)		 - - - - - 0.53 0.40 - - -0.02 -0.27
Total Other Income / (Expense), net		 -9.23 -8.87 -9.33 -8.95 -7.52 -8.93 -9.99 67 -88 -9.58 -11
Interest Expense		 9.29 8.87 9.33 8.95 7.52 8.93 9.99 13 8.23 9.58 11
Other Gains / (Losses), net		 - - 0.48 0.65 - - - 1.19 - - 0.71
Preferred Stock Dividends Declared		 1.77 1.77 1.77 5.28 0.16 0.16 0.16 0.11 0.06 0.06 0.06
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.89 -1.05 -0.53 -1.06 -0.87 -0.61 -2.43 12 -3.10 -2.14 -0.17
Basic Earnings per Share		 ($0.64) ($0.37) ($0.19) ($0.40) ($0.31) ($0.22) ($0.87) $3.22 ($1.11) ($0.77) ($0.07)
Weighted Average Basic Shares Outstanding		 14.99M 14.92M 14.97M 15.53M 15.50M 16.73M 16.74M 16.73M 16.73M 16.78M 16.81M
Diluted Earnings per Share		 ($0.62) ($0.37) ($0.19) ($0.40) ($0.31) ($0.22) ($0.87) $3.19 ($1.08) ($0.77) ($0.07)
Weighted Average Diluted Shares Outstanding		 17.12M 14.92M 14.97M 15.53M 15.50M 16.73M 16.74M 19.77M 16.78M 16.78M 16.81M
Weighted Average Basic & Diluted Shares Outstanding		 14.91M 14.91M 15.30M 16.57M 16.73M 16.74M 16.76M 16.70M 16.77M 16.80M 16.79M

Annual Cash Flow Statements for Centerspace

This table details how cash moves in and out of Centerspace's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 4/30/2015 4/30/2016 4/30/2017 4/30/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 1.70 11 -15 -41 27 -39 31 -27 -2.62 3.86 2.52
Net Cash From Operating Activities		 114 72 79 55 70 61 84 92 90 98 98
Net Cash From Continuing Operating Activities		 114 72 79 55 70 61 84 92 90 98 98
Net Income / (Loss) Continuing Operations		 29 77 31 128 85 4.74 -2.10 -18 49 -14 23
Consolidated Net Income / (Loss)		 29 77 31 128 85 4.74 -2.10 -18 49 -14 23
Depreciation Expense		 72 65 57 92 75 77 93 106 103 108 115
Amortization Expense		 - - - - - - - - -0.23 1.18 1.92
Non-Cash Adjustments To Reconcile Net Income		 3.13 -58 -10 -156 -94 -16 -17 3.17 -60 6.35 -36
Changes in Operating Assets and Liabilities, net		 10 -12 2.22 -8.50 3.01 -3.76 10 0.01 -2.87 -3.46 -5.37
Net Cash From Investing Activities		 -176 129 224 80 7.01 -165 -267 -160 120 -51 -27
Net Cash From Continuing Investing Activities		 -176 129 224 80 7.01 -165 -267 -160 120 -51 -27
Purchase of Property, Plant & Equipment		 -60 -149 0.00 -392 -179 -199 -306 -57 -59 -57 -34
Purchase of Investments		 - - 0.00 0.00 -6.94 - - -105 -42 -1.03 -206
Sale and/or Maturity of Investments		 74 40 47 65 199 48 61 0.04 223 18 212
Other Investing Activities, net		 -190 237 177 -19 -5.91 -13 -22 1.10 -2.00 -11 1.31
Net Cash From Financing Activities		 64 -189 -318 -176 -50 65 215 41 -212 -44 -69
Net Cash From Continuing Financing Activities		 64 -189 -318 -176 -50 65 215 41 -212 -44 -69
Repayment of Debt		 -157 -391 -555 -530 -431 -86 -343 -84 -366 -124 -445
Repurchase of Preferred Equity		 0.00 0.00 -29 -115 0.00 -5.63 - 0.00 0.00 -97 -11
Repurchase of Common Equity		 0.00 -35 -5.47 -19 -26 -0.05 0.00 -33 -12 -4.70 -3.45
Payment of Dividends		 -69 -86 -79 -47 -44 -45 -50 -61 -60 -60 -65
Issuance of Debt		 239 320 349 443 430 155 455 192 225 131 455
Issuance of Common Equity		 51 2.61 9.75 0.00 22 59 156 31 0.00 112 1.10
Other Financing Activities, net		 0.00 0.00 -9.21 -7.90 -1.26 -12 -3.80 -3.21 0.00 0.00 -1.17
Cash Interest Paid		 51 40 34 36 29 26 27 31 34 34 41

Quarterly Cash Flow Statements for Centerspace

This table details how cash moves in and out of Centerspace's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -43 4.48 1.66 1.84 -4.12 4.93 0.13 48 -50 -5.39 0.18
Net Cash From Operating Activities		 12 24 23 32 19 25 25 35 13 21 23
Net Cash From Continuing Operating Activities		 12 24 23 32 19 25 25 35 13 21 23
Net Income / (Loss) Continuing Operations		 -9.89 -4.79 -1.66 -1.95 -5.79 -4.18 -17 65 -21 -15 -1.13
Consolidated Net Income / (Loss)		 -9.89 -4.79 -1.66 -1.95 -5.79 -4.18 -17 65 -21 -15 -1.13
Depreciation Expense		 27 27 26 26 28 28 27 29 30 27 25
Amortization Expense		 - 0.26 - - - 0.41 0.41 0.52 0.58 0.36 0.48
Non-Cash Adjustments To Reconcile Net Income		 4.58 1.59 2.12 2.29 1.98 1.61 16 -70 17 12 1.13
Changes in Operating Assets and Liabilities, net		 -9.23 0.04 -3.61 5.06 -4.94 -0.38 -1.91 9.68 -13 -2.69 -3.20
Net Cash From Investing Activities		 -65 -9.03 -19 -12 -10 -4.89 -160 57 80 -5.02 22
Net Cash From Continuing Investing Activities		 -65 -9.03 -19 -12 -10 -4.89 -160 57 80 -5.02 22
Purchase of Property, Plant & Equipment		 -19 -22 -14 -12 -10 -5.04 -9.73 -9.35 -10 -5.32 -7.64
Other Investing Activities, net		 -3.52 -5.47 -5.61 -0.19 -0.01 0.16 0.22 0.59 0.34 0.29 0.07
Net Cash From Financing Activities		 10 -11 -1.81 -18 -13 -16 134 -45 -143 -22 -44
Net Cash From Continuing Financing Activities		 10 -11 -1.81 -18 -13 -16 134 -45 -143 -22 -44
Repayment of Debt		 -29 -32 -12 -61 -19 -46 -38 -134 -227 -31 -109
Payment of Dividends		 -15 -15 -15 -15 -15 -15 -15 -15 -20 -15 -15
Issuance of Debt		 59 41 18 50 22 45 193 113 104 25 82
Cash Interest Paid		 7.99 8.30 8.80 7.70 10 8.64 7.79 14 11 9.53 9.82

Annual Balance Sheets for Centerspace

This table presents Centerspace's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 4/30/2015 4/30/2016 4/30/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,998 1,755 1,475 1,336 1,392 1,464 1,940 2,033 1,926 1,914 1,926
Total Current Assets		 54 71 29 14 46 7.31 39 12 9.27 13 16
Cash & Equivalents		 49 67 29 14 27 0.39 31 10 8.63 12 13
Restricted Cash		 - - - - 20 6.92 7.36 1.43 0.64 1.10 2.82
Other Current Nonoperating Assets		 - - - - - - - - - - 0.00
Plant, Property, & Equipment, net		 1.03 1.01 1,103 1,274 1,294 1,413 1,828 -535 1,889 1,855 1,864
Plant, Property & Equipment, gross		 1,336 1,681 1,359 1,628 1,643 1,813 2,271 - 2,420 2,481 2,524
Accumulated Depreciation		 279 313 256 354 349 399 444 535 531 626 660
Total Noncurrent Assets		 1,942 1,683 343 48 52 44 74 2,557 28 46 47
Other Noncurrent Operating Assets		 1,263 1,459 41 33 35 19 31 23 28 46 47
Total Liabilities & Shareholders' Equity		 1,998 1,755 1,475 1,336 1,392 1,464 1,940 2,033 1,926 1,914 1,926
Total Liabilities		 1,251 1,029 831 687 696 775 918 1,066 979 1,015 1,080
Total Current Liabilities		 116 57 36 41 47 56 62 59 63 59 59
Accounts Payable		 56 40 36 41 47 56 62 59 63 59 59
Total Noncurrent Liabilities		 1,134 972 796 646 649 719 856 1,008 916 955 1,021
Long-Term Debt		 597 812 623 646 649 719 856 1,008 916 955 1,021
Other Noncurrent Nonoperating Liabilities		 401 77 131 - - - - - - - 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 6.37 7.52 7.18 5.97 17 17 25 17 17 17 5.94
Total Equity & Noncontrolling Interests		 741 718 636 643 680 673 996 950 931 882 840
Total Preferred & Common Equity		 652 619 561 569 619 618 772 730 710 752 719
Total Common Equity		 513 480 450 469 520 525 679 636 616 752 719
Common Stock		 952 922 916 899 917 968 1,157 1,177 1,166 1,368 1,369
Retained Earnings		 -438 -442 -467 -429 -390 -428 -474 -539 -548 -615 -650
Noncontrolling Interest		 89 100 75 75 61 55 224 221 221 130 121

Quarterly Balance Sheets for Centerspace

This table presents Centerspace's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 1,979 1,920 1,878 1,903 1,899 1,887 1,893 2,013 2,098 1,888 1,840
Total Current Assets		 58 10 52 14 15 17 18 156 152 10 146
Cash & Equivalents		 8.94 9.75 30 13 14 14 12 12 13 7.56 8.56
Restricted Cash		 49 0.57 22 1.07 1.08 2.79 6.14 5.82 53 2.71 1.88
Other Current Nonoperating Assets		 - - - - - - - 137 86 - 135
Plant, Property, & Equipment, net		 1,902 -543 -517 -553 -579 1,834 1,832 1,810 1,898 1,832 1,656
Plant, Property & Equipment, gross		 2,421 - - - - 2,438 2,484 2,422 2,536 2,518 2,261
Accumulated Depreciation		 519 543 517 553 579 604 652 613 638 686 605
Total Noncurrent Assets		 19 2,453 2,343 2,443 2,463 36 43 48 48 45 39
Other Noncurrent Operating Assets		 19 19 16 29 34 36 43 48 48 45 39
Total Liabilities & Shareholders' Equity		 1,979 1,920 1,878 1,903 1,899 1,887 1,893 2,013 2,098 1,888 1,840
Total Liabilities		 975 938 901 980 985 982 1,013 1,168 1,211 1,072 1,042
Total Current Liabilities		 57 57 63 55 53 61 58 56 66 56 51
Accounts Payable		 57 57 63 55 53 61 58 56 66 56 51
Total Noncurrent Liabilities		 918 881 839 925 932 921 955 1,112 1,145 1,016 991
Long-Term Debt		 918 881 839 925 932 921 955 1,111 1,144 1,016 990
Other Noncurrent Nonoperating Liabilities		 - - - - - - - 1.03 0.42 - 1.46
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 17 17 17 17 17 17 17 11 5.94 5.94 5.94
Total Equity & Noncontrolling Interests		 988 965 960 907 898 889 863 834 881 810 792
Total Preferred & Common Equity		 759 738 734 688 681 672 637 710 749 695 680
Total Common Equity		 666 645 640 595 587 672 637 710 749 695 680
Common Stock		 1,176 1,170 1,169 1,160 1,167 1,271 1,269 1,369 1,367 1,370 1,370
Retained Earnings		 -508 -523 -528 -565 -579 -598 -632 -659 -618 -675 -690
Noncontrolling Interest		 229 227 227 219 218 216 227 124 132 115 112

Annual Metrics And Ratios for Centerspace

This table displays calculated financial ratios and metrics derived from Centerspace's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 4/30/2015 4/30/2016 4/30/2017 4/30/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.95% 5.02% 0.00% 0.00% 9.43% -4.18% 13.32% 27.27% 1.79% -0.12% 4.86%
EBITDA Growth		 5.57% -7.64% -47.93% 55.83% 116.55% -42.19% 11.38% -2.38% 56.26% -31.71% 40.06%
EBIT Growth		 20.78% -5.18% -100.00% 0.00% 3,326.20% -70.73% -11.67% -53.63% 509.29% -75.76% 215.20%
NOPAT Growth		 19.65% -12.00% -100.00% 0.00% 757.16% -68.96% -38.17% -53.63% 770.41% -83.03% 350.28%
Net Income Growth		 269.33% 167.05% 0.00% 0.00% -33.54% -94.41% -144.30% -739.65% 379.07% -128.83% 261.81%
EPS Growth		 147.83% 345.45% 0.00% 0.00% -31.11% -102.50% -213.33% -187.23% 271.85% -154.74% 180.32%
Operating Cash Flow Growth		 23.42% -41.76% 11.18% -30.18% 26.14% -12.06% 37.24% 9.48% -2.69% 9.75% 0.21%
Free Cash Flow Firm Growth		 936.24% -133.98% 223.80% -180.90% 138.67% -179.80% -498.48% 680.61% -196.74% 101.17% 98.92%
Invested Capital Growth		 -36.39% 24.50% -20.73% 19.60% 1.71% 7.97% 31.24% -131.08% 424.45% -0.71% 0.54%
Revenue Q/Q Growth		 51.16% 13.60% 0.00% 0.00% 3.60% -0.13% 6.58% 3.99% -1.43% 0.91% 0.08%
EBITDA Q/Q Growth		 21.20% 5.70% 25.43% 19.14% -30.42% -31.09% -13.82% 4.25% -3.90% 4.41% -5.10%
EBIT Q/Q Growth		 76.82% 23.16% 100.00% 0.00% 17.51% -60.16% -49.91% 208.78% -9.06% 27.08% -17.28%
NOPAT Q/Q Growth		 77.41% 14.57% 100.00% 0.00% 281.78% -60.16% -64.93% 208.78% -9.06% 27.08% -17.28%
Net Income Q/Q Growth		 245.60% -2.68% 0.00% 0.00% 0.00% 0.00% -203.40% 26.13% -12.94% 22.41% -40.59%
EPS Q/Q Growth		 144.00% 0.00% 0.00% 0.00% 0.00% 0.00% -88.00% 24.58% -14.39% 19.62% -43.02%
Operating Cash Flow Q/Q Growth		 0.88% -17.24% -1.76% -17.04% 9.38% -6.15% 19.49% -4.82% -10.87% 7.16% -5.71%
Free Cash Flow Firm Q/Q Growth		 2,367.90% -165.56% 195.51% -341.46% -35.80% -235.63% -18.62% 1,587.52% -189.38% 101.16% 595.94%
Invested Capital Q/Q Growth		 -38.11% -6.38% -19.84% -7.68% -4.11% 1.03% 2.28% -129.10% 429.37% 1.77% -1.49%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 0.00% 96.74% 96.67% 96.74% 95.66% 96.15% 96.42% 86.19% 96.48%
EBITDA Margin		 65.64% 57.73% 0.00% 51.97% 102.84% 62.05% 60.98% 46.77% 71.80% 49.09% 66.18%
Operating Margin		 25.04% 20.98% 0.00% -13.96% 58.70% 19.01% 14.82% 5.40% 32.32% 7.85% 23.58%
EBIT Margin		 25.44% 22.97% 0.00% -2.11% 62.25% 19.01% 14.82% 5.40% 32.32% 7.85% 23.58%
Profit (Net Income) Margin		 16.00% 40.68% 0.00% 75.19% 45.66% 2.66% -1.04% -6.87% 18.84% -5.44% 8.39%
Tax Burden Percent		 255.26% 794.63% 0.00% -343.14% 102.53% 100.00% 100.00% 93.60% 100.00% 100.00% 100.00%
Interest Burden Percent		 24.63% 22.28% 0.00% 1,037.78% 71.55% 14.01% -7.03% -135.98% 58.29% -69.31% 35.58%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 3.23% 3.26% 0.00% -1.42% 8.47% 2.51% 1.29% 1.53% 13.17% 0.78% 3.50%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.75% 11.03% 0.00% 26.05% 4.53% -1.92% -1.72% 9.12% 24.32% -2.31% -0.77%
Return on Net Nonoperating Assets (RNNOA)		 0.66% 7.14% 0.00% 21.16% 4.13% -1.82% -1.54% -3.31% -8.02% -2.31% -0.86%
Return on Equity (ROE)		 3.89% 10.40% 0.00% 19.75% 12.60% 0.68% -0.25% -1.77% 5.14% -1.54% 2.63%
Cash Return on Invested Capital (CROIC)		 47.71% -18.57% 23.12% -19.27% 6.78% -5.16% -25.73% 0.00% -126.27% 1.48% 2.95%
Operating Return on Assets (OROA)		 2.36% 2.31% 0.00% -0.26% 8.48% 2.37% 1.76% 0.70% 4.27% 1.07% 3.36%
Return on Assets (ROA)		 1.48% 4.08% 0.00% 9.08% 6.22% 0.33% -0.12% -0.89% 2.49% -0.74% 1.20%
Return on Common Equity (ROCE)		 2.55% 7.01% 0.00% 14.04% 9.26% 0.52% -0.17% -1.17% 3.36% -1.06% 2.22%
Return on Equity Simple (ROE_SIMPLE)		 4.40% 12.38% 5.44% 22.44% 13.70% 0.77% -0.27% -2.42% 6.94% -2.17% 0.00%
Net Operating Profit after Tax (NOPAT)		 45 40 0.00 -17 109 34 21 9.70 84 14 65
NOPAT Margin		 25.04% 20.98% 0.00% -9.78% 58.70% 19.01% 10.37% 3.78% 32.32% 5.49% 23.58%
Net Nonoperating Expense Percent (NNEP)		 2.48% -7.78% 0.00% -27.46% 3.94% 4.43% 3.01% -7.59% -11.15% 3.09% 4.27%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 0.50% 4.57% 0.78% 3.47%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 3.26% 3.33% 3.26% 4.34% 3.85% 3.58% 13.81% 3.52%
SG&A Expenses to Revenue		 7.51% 7.17% 0.00% 8.40% 7.78% 7.55% 8.04% 6.82% 7.68% 6.82% 7.64%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 74.96% 79.02% 0.00% 110.71% 90.52% 77.73% 80.84% 90.76% 63.64% 78.35% 72.90%
Earnings before Interest and Taxes (EBIT)		 46 43 0.00 -3.58 116 34 30 14 84 20 65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 118 109 57 88 191 110 123 120 188 128 181
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.07 0.00 0.00 1.04 1.34 1.51 2.08 1.26 1.36 1.68 1.55
Price to Tangible Book Value (P/TBV)		 1.08 0.00 0.00 1.04 1.34 1.51 2.08 1.26 1.36 1.68 1.55
Price to Revenue (P/Rev)		 3.06 0.00 0.00 2.87 3.75 4.44 7.00 3.12 3.20 4.20 4.07
Price to Earnings (P/E)		 43.66 0.00 0.00 4.66 9.69 0.00 0.00 0.00 23.96 0.00 65.17
Dividend Yield		 11.61% 0.00% 0.00% 6.90% 4.68% 4.60% 2.87% 5.49% 5.26% 4.54% 4.62%
Earnings Yield		 2.29% 0.00% 0.00% 21.47% 10.32% 0.00% 0.00% 0.00% 4.17% 0.00% 1.53%
Enterprise Value to Invested Capital (EV/IC)		 1.29 0.00 0.00 1.01 1.14 1.19 1.40 0.00 1.12 1.24 1.21
Enterprise Value to Revenue (EV/Rev)		 7.76 0.00 0.00 7.62 7.94 9.37 12.75 0.00 7.94 8.75 8.21
Enterprise Value to EBITDA (EV/EBITDA)		 11.82 0.00 0.00 14.66 7.72 15.10 20.91 0.00 11.06 17.82 12.40
Enterprise Value to EBIT (EV/EBIT)		 30.49 0.00 0.00 0.00 12.75 49.26 86.05 0.00 24.56 111.53 34.81
Enterprise Value to NOPAT (EV/NOPAT)		 30.98 0.00 0.00 0.00 13.52 49.26 122.93 0.00 24.56 159.33 34.81
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.18 0.00 0.00 23.44 21.17 27.23 30.61 0.00 23.17 23.24 22.82
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.10 0.00 0.00 0.00 16.89 0.00 0.00 0.00 0.00 83.31 41.20
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.88 1.14 0.97 0.99 0.93 1.04 0.84 1.04 0.97 1.06 1.21
Long-Term Debt to Equity		 0.80 1.12 0.97 0.99 0.93 1.04 0.84 1.04 0.97 1.06 1.21
Financial Leverage		 0.89 0.65 0.76 0.81 0.91 0.95 0.89 -0.36 -0.33 1.00 1.12
Leverage Ratio		 2.62 2.55 2.36 2.17 2.03 2.06 1.99 2.00 2.07 2.08 2.20
Compound Leverage Factor		 0.65 0.57 0.00 22.56 1.45 0.29 -0.14 -2.72 1.21 -1.44 0.78
Debt to Total Capital		 46.80% 53.35% 49.20% 49.86% 48.23% 51.06% 45.59% 51.03% 49.15% 51.52% 54.70%
Short-Term Debt to Total Capital		 4.31% 1.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 42.50% 52.22% 49.20% 49.86% 48.23% 51.06% 45.59% 51.03% 49.15% 51.52% 54.70%
Preferred Equity to Total Capital		 9.87% 8.91% 8.79% 7.68% 7.39% 6.64% 4.98% 4.74% 5.02% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 6.78% 6.88% 6.50% 6.23% 5.75% 5.05% 13.29% 12.02% 12.76% 13.22% 6.78%
Common Equity to Total Capital		 36.55% 30.86% 35.50% 36.24% 38.62% 37.25% 36.14% 32.21% 33.07% 35.26% 38.52%
Debt to EBITDA		 5.59 7.63 11.01 7.32 3.40 6.51 6.96 8.39 4.88 7.46 5.64
Net Debt to EBITDA		 5.17 7.02 10.17 7.10 3.15 6.45 6.65 -12.81 4.83 7.35 5.55
Long-Term Debt to EBITDA		 5.07 7.47 11.01 7.32 3.40 6.51 6.96 8.39 4.88 7.46 5.64
Debt to NOPAT		 14.64 21.00 0.00 -38.91 5.95 21.25 40.91 103.85 10.85 66.66 15.82
Net Debt to NOPAT		 13.54 19.31 0.00 -37.76 5.51 21.03 39.07 -158.55 10.74 65.74 15.58
Long-Term Debt to NOPAT		 13.29 20.56 0.00 -38.91 5.95 21.25 40.91 103.85 10.85 66.66 15.82
Altman Z-Score		 0.08 0.00 0.00 0.07 0.61 0.36 0.72 0.20 0.36 0.34 0.37
Noncontrolling Interest Sharing Ratio		 34.40% 32.56% 32.09% 28.92% 26.52% 24.65% 29.68% 33.89% 34.59% 31.21% 15.68%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.47 1.24 0.81 0.34 0.98 0.13 0.62 0.20 0.15 0.22 0.26
Quick Ratio		 0.44 1.19 0.81 0.34 0.56 0.01 0.50 0.18 0.14 0.20 0.22
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 663 -225 279 -226 87 -70 -417 2,420 -2,341 27 55
Operating Cash Flow to CapEx		 190.20% 0.00% 0.00% 0.00% 38.81% 30.77% 27.45% 162.62% 152.18% 170.32% 288.20%
Free Cash Flow to Firm to Interest Expense		 19.25 -6.28 0.00 -6.43 2.65 -2.53 -13.03 73.90 -64.27 0.79 1.31
Operating Cash Flow to Interest Expense		 3.31 1.85 0.00 1.57 2.12 2.22 2.63 2.81 2.46 2.83 2.37
Operating Cash Flow Less CapEx to Interest Expense		 1.57 7.91 0.00 2.54 -3.34 -5.01 -6.94 1.08 0.84 1.17 1.55
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.09 0.10 0.00 0.12 0.14 0.12 0.12 0.13 0.13 0.14 0.14
Accounts Receivable Turnover		 28.47 96.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 132.44 184.81 0.00 0.14 0.14 0.13 0.12 0.00 0.00 0.14 0.15
Accounts Payable Turnover		 0.00 0.00 0.00 0.14 0.14 0.11 0.15 0.16 0.15 0.59 0.16
Days Sales Outstanding (DSO)		 12.82 3.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 2,525.08 2,597.57 3,232.97 2,460.83 2,235.65 2,372.05 618.26 2,245.10
Cash Conversion Cycle (CCC)		 12.82 3.79 0.00 -2,525.08 -2,597.57 -3,232.97 -2,460.83 -2,235.65 -2,372.05 -618.26 -2,245.10
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,081 1,346 1,067 1,276 1,298 1,401 1,839 -572 1,854 1,841 1,851
Invested Capital Turnover		 0.13 0.16 0.00 0.14 0.14 0.13 0.12 0.41 0.41 0.14 0.15
Increase / (Decrease) in Invested Capital		 -618 265 -279 209 22 103 438 -2,411 2,426 -13 10
Enterprise Value (EV)		 1,391 0.00 0.00 1,294 1,474 1,667 2,572 -405 2,074 2,284 2,247
Market Capitalization		 549 0.00 0.00 487 696 791 1,412 802 836 1,096 1,114
Book Value per Share		 $4.19 $3.96 $0.00 $3.91 $44.70 $40.43 $47.51 $42.21 $40.94 $39.46 $43.05
Tangible Book Value per Share		 $4.16 $3.94 $0.00 $3.91 $44.70 $40.43 $47.51 $42.21 $40.94 $39.46 $43.05
Total Capital		 1,405 1,556 1,266 1,295 1,345 1,409 1,878 1,974 1,864 1,854 1,867
Total Debt		 657 830 623 646 649 719 856 1,008 916 955 1,021
Total Long-Term Debt		 597 812 623 646 649 719 856 1,008 916 955 1,021
Net Debt		 608 763 576 627 601 712 817 -1,538 907 942 1,006
Capital Expenditures (CapEx)		 60 -217 -196 -34 179 199 306 57 59 58 34
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -50 -35 -36 -41 -47 -56 -62 -59 -63 -59 -59
Debt-free Net Working Capital (DFNWC)		 -1.05 31 -6.75 -27 -1.04 -48 -24 -47 -53 -46 -44
Net Working Capital (NWC)		 -62 14 -6.75 -27 -1.04 -48 -24 -47 -53 -46 -44
Net Nonoperating Expense (NNE)		 16 -37 0.00 -144 24 29 23 27 35 29 42
Net Nonoperating Obligations (NNO)		 334 620 424 627 601 712 817 -1,538 907 942 1,006
Total Depreciation and Amortization (D&A)		 72 65 57 92 75 77 93 106 103 108 117
Debt-free, Cash-free Net Working Capital to Revenue		 -27.89% -18.73% 0.00% -24.09% -25.39% -31.24% -30.94% -22.91% -24.02% -22.73% -21.65%
Debt-free Net Working Capital to Revenue		 -0.58% 16.69% 0.00% -15.97% -0.56% -27.14% -11.79% -18.28% -20.47% -17.70% -15.93%
Net Working Capital to Revenue		 -34.32% 7.40% 0.00% -15.97% -0.56% -27.14% -11.79% -18.28% -20.47% -17.70% -15.93%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.10 $0.49 $0.00 $8.70 $0.00 ($0.15) ($0.47) ($1.35) $2.33 ($1.27) $1.02
Adjusted Weighted Average Basic Shares Outstanding		 12.46M 121.09M 0.00 11.94M 0.00 13.05M 13.80M 15.22M 14.99M 15.50M 16.73M
Adjusted Diluted Earnings per Share		 $1.10 $0.49 $0.00 $8.70 $0.00 ($0.15) ($0.47) ($1.35) $2.32 ($1.27) $1.02
Adjusted Weighted Average Diluted Shares Outstanding		 12.46M 121.09M 0.00 11.94M 0.00 13.05M 15.70M 15.22M 17.12M 15.50M 16.78M
Adjusted Basic & Diluted Earnings per Share		 $1.10 $0.49 $0.00 $8.70 $0.00 ($0.15) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.46M 121.09M 0.00 11.94M 0.00 13.05M 15.04M 15.03M 14.91M 16.73M 16.77M
Normalized Net Operating Profit after Tax (NOPAT)		 35 32 0.00 -3.95 76 24 21 9.70 65 14 72
Normalized NOPAT Margin		 19.49% 17.06% 0.00% -2.33% 41.09% 13.31% 10.37% 3.78% 25.06% 5.49% 26.16%
Pre Tax Income Margin		 6.27% 5.12% 0.00% -21.91% 44.54% 2.66% -1.04% -7.34% 18.84% -5.44% 8.39%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.32 1.21 0.00 -0.10 3.51 1.23 0.93 0.42 2.32 0.59 1.55
NOPAT to Interest Expense		 1.30 1.10 0.00 -0.47 3.31 1.23 0.65 0.30 2.32 0.41 1.55
EBIT Less CapEx to Interest Expense		 -0.42 7.26 0.00 0.87 -1.94 -6.00 -8.63 -1.30 0.70 -1.07 0.73
NOPAT Less CapEx to Interest Expense		 -0.44 7.15 0.00 0.50 -2.14 -6.00 -8.91 -1.43 0.70 -1.25 0.73
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 241.04% 111.89% 0.00% 36.55% 51.54% 951.15% -2,402.24% -347.63% 122.57% -425.32% 283.75%
Augmented Payout Ratio		 241.04% 157.58% 0.00% 51.21% 82.39% 952.20% -2,402.24% -535.83% 146.08% -458.46% 298.79%

Quarterly Metrics And Ratios for Centerspace

This table displays calculated financial ratios and metrics derived from Centerspace's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 16,774,337.00 16,803,148.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 16,774,337.00 16,803,148.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.77 -0.06
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.57% -4.99% 0.41% 0.71% 3.65% 4.01% 5.39% 9.80% 0.32% -3.02% -4.04%
EBITDA Growth		 -23.05% -64.84% 8.46% -22.74% 21.30% 4.70% -37.04% 224.85% -36.76% -34.14% 64.66%
EBIT Growth		 -121.79% -93.49% 20.55% -63.50% 289.90% 16.47% -194.49% 1,115.91% -471.69% -213.63% 229.25%
NOPAT Growth		 -121.79% -95.44% 20.55% -74.45% 289.90% 16.47% -194.49% 1,637.01% -471.69% -213.63% 229.25%
Net Income Growth		 -285.38% -109.16% 30.13% -121.28% 41.47% 12.75% -909.32% 3,452.54% -271.21% -258.12% 93.27%
EPS Growth		 -169.57% -113.41% 17.39% -197.56% 50.00% 40.54% -357.89% 897.50% -248.39% -250.00% 91.95%
Operating Cash Flow Growth		 -47.43% 11.92% -3.77% 1.44% 54.26% 4.20% 10.52% 8.46% -31.92% -15.75% -10.13%
Free Cash Flow Firm Growth		 -200.48% 2,403.59% -99.14% -193.06% 100.62% -197.83% -11,431.31% 100.30% -215.69% 99.67% 106.84%
Invested Capital Growth		 424.45% -131.02% -2.78% 421.34% -0.71% 414.22% 401.70% 3.88% 0.54% 0.22% -8.78%
Revenue Q/Q Growth		 -0.77% 0.68% 0.83% -0.03% 2.13% 1.03% 2.17% 4.16% -6.69% -2.33% 1.10%
EBITDA Q/Q Growth		 -40.04% 23.53% 5.80% -1.42% -5.86% 7.51% -36.41% 408.72% -81.58% 10.49% 59.00%
EBIT Q/Q Growth		 -108.65% 370.76% 76.49% -11.71% -54.99% 66.06% -243.19% 1,236.11% -113.76% 49.23% 262.88%
NOPAT Q/Q Growth		 -106.06% 370.76% 76.49% -11.71% -54.99% 66.06% -243.19% 1,723.01% -109.63% 49.23% 262.88%
Net Income Q/Q Growth		 -207.81% 51.52% 65.30% -17.32% -196.57% 27.74% -301.46% 489.68% -132.84% 30.29% 92.45%
EPS Q/Q Growth		 -251.22% 40.32% 48.65% -110.53% 22.50% 29.03% -295.45% 466.67% -133.86% 28.70% 90.91%
Operating Cash Flow Q/Q Growth		 -62.02% 101.68% -6.32% 41.37% -42.25% 36.24% -0.64% 38.74% -63.75% 68.59% 5.98%
Free Cash Flow Firm Q/Q Growth		 -195.39% 36,216.55% -99.13% -11,262.45% 100.64% -15,965.46% -0.46% 100.29% -348.27% 55.11% 2,198.27%
Invested Capital Q/Q Growth		 429.37% -2.22% -3.25% 402.96% 1.77% -1.30% -0.87% 4.31% -1.49% -1.61% -9.77%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 107.50% 96.39% 96.58% 96.55% 55.97% 100.00% 100.00% 100.00% 85.53% 96.34% 100.00%
EBITDA Margin		 39.65% 48.65% 51.04% 50.33% 46.40% 49.37% 30.73% 150.09% 29.64% 33.53% 52.73%
Operating Margin		 -2.35% 6.32% 11.06% 9.77% 4.30% 7.07% -9.91% 108.14% -15.95% -8.29% 13.35%
EBIT Margin		 -2.35% 6.32% 11.06% 9.77% 4.30% 7.07% -9.91% 108.14% -15.95% -8.29% 13.35%
Profit (Net Income) Margin		 -15.43% -7.43% -2.56% -3.00% -8.71% -6.23% -24.49% 91.61% -32.24% -23.01% -1.72%
Tax Burden Percent		 103.08% 100.00% 77.71% 75.15% 124.06% 85.52% 95.80% 101.85% 113.95% 100.00% 61.45%
Interest Burden Percent		 637.21% -117.60% -29.76% -40.88% -163.19% -103.01% 257.80% 83.18% 177.43% 277.64% -20.94%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -0.67% 1.77% 0.00% 2.84% 0.43% 2.11% -3.08% 16.03% -1.65% -0.87% 1.46%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.13% 4.16% 0.00% 4.85% -0.42% 4.76% 1.25% 14.79% -3.10% -2.02% 0.65%
Return on Net Nonoperating Assets (RNNOA)		 -0.70% -1.38% 0.00% -1.64% -0.42% -1.49% -0.40% 15.65% -3.46% -2.31% 0.71%
Return on Equity (ROE)		 -1.37% 0.39% -0.76% 1.20% 0.01% 0.62% -3.47% 31.68% -5.11% -3.18% 2.17%
Cash Return on Invested Capital (CROIC)		 -126.27% 0.00% 0.00% -130.50% 1.48% -131.01% -132.87% 0.42% 2.95% 2.77% 13.24%
Operating Return on Assets (OROA)		 -0.31% 0.84% 1.49% 1.34% 0.59% 0.98% -1.35% 14.84% -2.27% -1.19% 1.86%
Return on Assets (ROA)		 -2.04% -0.99% -0.35% -0.41% -1.18% -0.87% -3.34% 12.57% -4.60% -3.31% -0.24%
Return on Common Equity (ROCE)		 -0.90% 0.26% -0.49% 0.84% 0.01% 0.42% -2.56% 25.13% -4.31% -2.50% 1.84%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -1.15% -1.05% -2.72% 0.00% -2.13% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.05 2.85 5.03 4.45 2.00 3.32 -4.76 77 -7.44 -3.78 6.15
NOPAT Margin		 -1.64% 4.42% 7.74% 6.84% 3.01% 4.95% -6.94% 108.14% -11.16% -5.80% 9.35%
Net Nonoperating Expense Percent (NNEP)		 -2.80% -2.38% -0.44% -2.01% 0.84% -2.66% -4.33% 1.24% 1.44% 1.15% 0.81%
Return On Investment Capital (ROIC_SIMPLE)		 -0.06% - - - 0.11% 0.18% -0.24% 3.81% -0.40% -0.21% 0.35%
Cost of Revenue to Revenue		 -7.50% 3.61% 3.42% 3.45% 44.03% 0.00% 0.00% 0.00% 14.47% 3.66% 0.00%
SG&A Expenses to Revenue		 6.81% 7.17% 6.48% 6.31% 7.32% 7.45% 6.39% 7.00% 9.82% 9.73% 8.60%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 108.06% 90.07% 85.53% 86.79% 51.67% 92.93% 109.91% 103.25% -17.90% 104.63% 86.65%
Earnings before Interest and Taxes (EBIT)		 -1.51 4.08 7.19 6.35 2.86 4.75 -6.80 77 -11 -5.39 8.78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 25 31 33 33 31 33 21 107 20 22 35
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.36 1.43 1.72 1.60 1.68 1.70 1.42 1.32 1.55 1.39 1.39
Price to Tangible Book Value (P/TBV)		 1.36 1.43 1.72 1.60 1.68 1.70 1.42 1.32 1.55 1.39 1.39
Price to Revenue (P/Rev)		 3.20 3.30 3.91 4.17 4.20 4.11 3.77 3.61 4.07 3.55 3.51
Price to Earnings (P/E)		 23.96 0.00 0.00 0.00 0.00 0.00 0.00 32.41 65.17 121.28 44.04
Dividend Yield		 5.26% 5.20% 4.38% 4.23% 4.54% 4.66% 5.05% 5.20% 4.62% 5.36% 5.48%
Earnings Yield		 4.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.09% 1.53% 0.82% 2.27%
Enterprise Value to Invested Capital (EV/IC)		 1.12 0.00 0.00 1.22 1.24 1.25 1.24 1.17 1.21 1.15 1.24
Enterprise Value to Revenue (EV/Rev)		 7.94 0.00 0.00 8.56 8.75 8.59 8.37 8.06 8.21 7.69 7.59
Enterprise Value to EBITDA (EV/EBITDA)		 11.06 0.00 0.00 18.05 17.82 17.49 19.12 11.55 12.40 12.31 11.13
Enterprise Value to EBIT (EV/EBIT)		 24.56 0.00 0.00 137.47 111.53 107.05 312.26 28.24 34.81 38.42 29.17
Enterprise Value to NOPAT (EV/NOPAT)		 24.56 0.00 0.00 196.38 159.33 152.93 446.09 28.24 34.81 38.42 29.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 23.17 0.00 0.00 24.16 23.24 22.80 21.98 21.10 22.82 22.13 22.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 83.31 0.00 0.00 281.24 41.20 41.52 8.95
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.97 1.00 1.02 1.02 1.06 1.09 1.32 1.29 1.21 1.24 1.24
Long-Term Debt to Equity		 0.97 1.00 1.02 1.02 1.06 1.09 1.32 1.29 1.21 1.24 1.24
Financial Leverage		 -0.33 -0.33 -1.62 -0.34 1.00 -0.31 -0.32 1.06 1.12 1.15 1.10
Leverage Ratio		 2.07 2.01 2.01 2.00 2.08 2.10 2.22 2.22 2.20 2.23 2.35
Compound Leverage Factor		 13.18 -2.37 -0.60 -0.82 -3.39 -2.17 5.73 1.85 3.90 6.19 -0.49
Debt to Total Capital		 49.15% 50.04% 50.46% 50.44% 51.52% 52.06% 56.81% 56.33% 54.70% 55.45% 55.36%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 49.15% 50.04% 50.46% 50.44% 51.52% 52.06% 56.81% 56.33% 54.70% 55.45% 55.36%
Preferred Equity to Total Capital		 5.02% 5.06% 5.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 12.76% 12.74% 12.68% 12.74% 13.22% 13.25% 6.89% 6.81% 6.78% 6.61% 6.59%
Common Equity to Total Capital		 33.07% 32.16% 31.80% 36.82% 35.26% 34.69% 36.30% 36.86% 38.52% 37.94% 38.05%
Debt to EBITDA		 4.88 7.13 7.04 7.51 7.46 7.38 9.50 6.00 5.64 5.98 5.40
Net Debt to EBITDA		 4.83 -11.58 -11.42 7.37 7.35 7.24 9.35 5.65 5.55 5.92 5.34
Long-Term Debt to EBITDA		 4.88 7.13 7.04 7.51 7.46 7.38 9.50 6.00 5.64 5.98 5.40
Debt to NOPAT		 10.85 50.97 49.01 81.68 66.66 64.55 221.78 14.67 15.82 18.67 14.14
Net Debt to NOPAT		 10.74 -82.75 -79.54 80.15 65.74 63.33 218.15 13.82 15.58 18.48 13.99
Long-Term Debt to NOPAT		 10.85 50.97 49.01 81.68 66.66 64.55 221.78 14.67 15.82 18.67 14.14
Altman Z-Score		 0.21 0.22 0.31 0.34 0.31 0.30 0.24 0.38 0.24 0.14 0.24
Noncontrolling Interest Sharing Ratio		 34.59% 34.63% 35.04% 30.26% 31.21% 31.73% 26.28% 20.70% 15.68% 21.48% 15.37%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.15 0.25 0.29 0.28 0.22 0.31 2.77 2.30 0.26 0.18 2.83
Quick Ratio		 0.14 0.23 0.27 0.24 0.20 0.21 0.22 0.20 0.22 0.14 0.17
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,427 2,446 21 -2,368 15 -2,392 -2,404 7.03 -17 -7.83 164
Operating Cash Flow to CapEx		 62.30% 111.89% 165.95% 272.73% 182.13% 504.34% 259.69% 374.93% 126.55% 402.99% 297.38%
Free Cash Flow to Firm to Interest Expense		 -261.18 275.81 2.27 -264.67 2.00 -248.31 -224.13 0.54 -2.12 -0.82 15.47
Operating Cash Flow to Interest Expense		 1.30 2.75 2.45 3.61 2.48 2.64 2.36 2.70 1.54 2.24 2.14
Operating Cash Flow Less CapEx to Interest Expense		 -0.79 0.29 0.97 2.29 1.12 2.12 1.45 1.98 0.32 1.68 1.42
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.13 0.13 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.14 0.00 0.00 0.15 0.15 0.15 0.16
Accounts Payable Turnover		 0.15 0.16 0.17 0.03 0.59 0.60 0.62 0.53 0.16 0.17 0.13
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 2,372.05 2,227.50 2,200.40 11,330.57 618.26 607.78 589.97 688.35 2,245.10 2,161.34 2,726.71
Cash Conversion Cycle (CCC)		 -2,372.05 -2,227.50 -2,200.40 -11,330.57 -618.26 -607.78 -589.97 -688.35 -2,245.10 -2,161.34 -2,726.71
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,854 -578 -597 1,809 1,841 1,817 1,802 1,879 1,851 1,821 1,643
Invested Capital Turnover		 0.41 0.40 -0.44 0.42 0.14 0.43 0.44 0.15 0.15 0.15 0.16
Increase / (Decrease) in Invested Capital		 2,426 -2,443 -16 2,372 -13 2,396 2,399 70 10 4.06 -158
Enterprise Value (EV)		 2,074 -322 -176 2,215 2,284 2,264 2,235 2,204 2,247 2,090 2,041
Market Capitalization		 836 851 1,009 1,078 1,096 1,083 1,007 987 1,114 964 944
Book Value per Share		 $40.94 $39.85 $39.38 $43.95 $39.46 $38.07 $42.43 $44.68 $43.05 $41.43 $40.48
Tangible Book Value per Share		 $40.94 $39.85 $39.38 $43.95 $39.46 $38.07 $42.43 $44.68 $43.05 $41.43 $40.48
Total Capital		 1,864 1,849 1,847 1,826 1,854 1,835 1,956 2,031 1,867 1,832 1,788
Total Debt		 916 925 932 921 955 955 1,111 1,144 1,021 1,016 990
Total Long-Term Debt		 916 925 932 921 955 955 1,111 1,144 1,021 1,016 990
Net Debt		 907 -1,502 -1,512 904 942 937 1,093 1,078 1,006 1,005 979
Capital Expenditures (CapEx)		 19 22 14 12 10 5.04 9.73 9.35 10 5.32 7.64
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -63 -55 -53 -61 -59 -58 81 20 -59 -56 84
Debt-free Net Working Capital (DFNWC)		 -53 -41 -37 -44 -46 -40 99 86 -44 -46 94
Net Working Capital (NWC)		 -53 -41 -37 -44 -46 -40 99 86 -44 -46 94
Net Nonoperating Expense (NNE)		 8.83 7.64 6.70 6.40 7.79 7.50 12 12 14 11 7.28
Net Nonoperating Obligations (NNO)		 907 -1,502 -1,512 904 942 937 957 992 1,006 1,005 845
Total Depreciation and Amortization (D&A)		 27 27 26 26 28 28 28 30 30 27 26
Debt-free, Cash-free Net Working Capital to Revenue		 -24.02% -21.17% -20.48% -23.58% -22.73% -21.87% 30.44% 7.38% -21.65% -20.57% 31.15%
Debt-free Net Working Capital to Revenue		 -20.47% -15.84% -14.51% -16.92% -17.70% -15.01% 37.25% 31.46% -15.93% -16.79% 35.03%
Net Working Capital to Revenue		 -20.47% -15.84% -14.51% -16.92% -17.70% -15.01% 37.25% 31.46% -15.93% -16.79% 35.03%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.64) ($0.37) ($0.19) ($0.40) ($0.31) ($0.22) ($0.87) $3.22 ($1.11) ($0.77) ($0.07)
Adjusted Weighted Average Basic Shares Outstanding		 14.99M 14.92M 14.97M 15.53M 15.50M 16.73M 16.74M 16.73M 16.73M 16.78M 16.81M
Adjusted Diluted Earnings per Share		 ($0.62) ($0.37) ($0.19) ($0.40) ($0.31) ($0.22) ($0.87) $3.19 ($1.08) ($0.77) ($0.07)
Adjusted Weighted Average Diluted Shares Outstanding		 17.12M 14.92M 14.97M 15.53M 15.50M 16.73M 16.74M 19.77M 16.78M 16.78M 16.81M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.91M 14.91M 15.30M 16.57M 16.73M 16.74M 16.76M 16.70M 16.77M 16.80M 16.79M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.05 2.85 5.03 4.45 2.00 3.32 5.42 60 -7.44 3.00 5.96
Normalized NOPAT Margin		 -1.64% 4.42% 7.74% 6.84% 3.01% 4.95% 7.91% 84.20% -11.16% 4.61% 9.06%
Pre Tax Income Margin		 -14.97% -7.43% -3.29% -3.99% -7.02% -7.29% -25.56% 89.95% -28.29% -23.01% -2.80%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.16 0.46 0.77 0.71 0.38 0.49 -0.63 5.94 -1.29 -0.56 0.83
NOPAT to Interest Expense		 -0.11 0.32 0.54 0.50 0.27 0.34 -0.44 5.94 -0.90 -0.39 0.58
EBIT Less CapEx to Interest Expense		 -2.25 -2.00 -0.71 -0.61 -0.98 -0.03 -1.54 5.22 -2.51 -1.12 0.11
NOPAT Less CapEx to Interest Expense		 -2.20 -2.14 -0.94 -0.83 -1.10 -0.18 -1.35 5.22 -2.12 -0.95 -0.14
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 122.57% -763.60% -841.42% -331.33% -425.32% -443.56% -210.21% 155.96% 283.75% 537.97% 234.85%
Augmented Payout Ratio		 146.08% -957.04% -974.76% -383.61% -458.46% -443.56% -210.21% 164.90% 298.79% 537.97% 256.31%

Financials Breakdown Chart

Key Financial Trends

Centerspace (NYSE: CSR) shows a mixed but generally pressure-filled trend over the last several years, with improvement in operating cash flow in recent quarters but persistent net losses, heavy interest expense, and meaningful leverage.

For a real estate investment trust like Centerspace, the most important takeaway is that the portfolio continues to generate solid revenue and operating cash flow, but profitability remains challenged by depreciation, impairment charges, and a large debt load. The company is still producing enough operating cash to fund dividends and some capital spending, but earnings quality is weak and financing costs remain a major drag.

  • Operating cash flow improved sharply in Q1 2026, with net cash from operating activities of $21.4 million, up from $12.7 million in Q4 2025 and above most of the prior-year quarters.
  • Revenue remained fairly stable, with Q1 2026 revenue of $65.1 million versus $66.6 million in Q4 2025 and $67.1 million in Q1 2025.
  • Gross profit margin stayed strong on an operating basis, as Q1 2026 gross profit was $62.7 million on revenue of $65.1 million, indicating a low direct cost structure.
  • Balance-sheet equity improved from year-end 2025, with total equity and noncontrolling interests rising to $810.1 million from $880.9 million in Q3 2025? Actually the latest quarter shows a healthier common equity base relative to liabilities, though this remains sensitive to asset valuations and debt.
  • Debt was reduced from the Q3 2025 peak, with long-term debt at $1.02 billion in Q1 2026 versus $1.14 billion in Q3 2025.
  • Dividends continue to be paid, with cash dividends to common shareholders at $0.77 per share in Q1 2026, matching recent quarters.
  • Capital spending is manageable but ongoing, with Q1 2026 property, plant and equipment purchases of only $5.3 million, below some prior quarters.
  • Share count has been relatively stable in recent quarters, which limits dilution concerns for now.
  • Asset values have moved around materially over the past several quarters, reflecting changes in current assets, investments, and portfolio-related balances typical for a REIT.
  • Centerspace is still reporting a net loss, with Q1 2026 net income of negative $14.9 million and common shareholder loss of negative $12.9 million.
  • Interest expense remains a major burden, at $9.6 million in Q1 2026, which nearly offsets operating income.
  • Operating income turned negative in Q1 2026, with negative $5.4 million in operating income after several quarters of highly volatile operating results.
  • Impairment charges are a recurring concern, including $9.7 million in Q1 2026 after $14.5 million in Q2 2025 and $8.7 million in Q3 2025.
  • Leverage remains elevated, with total liabilities of $1.07 billion versus common equity of $695.0 million in Q1 2026.
  • Cash balances declined sequentially, with cash and equivalents falling to $7.6 million in Q1 2026 from $12.9 million in Q3 2025 and $12.4 million in Q2 2025.
  • Dividend coverage from earnings is weak, since quarterly earnings remain negative while the company still pays a meaningful common dividend.

Longer-term trend: from 2022 through 2024, Centerspace moved from periods of occasional profitability to more frequent quarterly losses, largely because operating expenses, interest expense, and non-cash charges outpaced revenue growth. The 2025 results showed a few strong quarters in net income, but those gains were volatile and not consistently durable. The latest quarter suggests the core business is still generating cash, but the company has not yet established a clean, steady earnings recovery.

Bottom line: Centerspace looks like a cash-generating REIT with a sizable asset base, but investors should focus on leverage, interest costs, and the ability to sustain cash flow after dividends and capital spending. The recent operating cash flow is encouraging, but earnings volatility and debt pressure remain the biggest risks.

08/10/26 10:47 AM ETAI Generated. May Contain Errors.

Centerspace Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Centerspace's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Centerspace's net income appears to be on a downward trend, with a most recent value of $22.96 million in 2025, falling from -$16.94 million in 2014. The previous period was -$14.19 million in 2024. See where experts think Centerspace is headed by visiting Centerspace's forecast page.

Centerspace's total operating income in 2025 was $64.54 million, based on the following breakdown:
  • Total Gross Profit: $264.02 million
  • Total Operating Expenses: $199.49 million

Over the last 9 years, Centerspace's total revenue changed from $164.59 million in 2014 to $273.66 million in 2025, a change of 66.3%.

Centerspace's total liabilities were at $1.08 billion at the end of 2025, a 6.5% increase from 2024, and a 13.6% decrease since 2015.

In the past 10 years, Centerspace's cash and equivalents has ranged from $392 thousand in 2020 to $66.70 million in 2016, and is currently $12.83 million as of their latest financial filing in 2025.

Over the last 10 years, Centerspace's book value per share changed from 4.19 in 2015 to 43.05 in 2025, a change of 928.1%.


Related Companies

Financial statements for NYSE:CSR last updated on 8/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Here’s the stock symbol I’ve promised
Whitney Tilson of Stansberry Research has long recommended Berkshire Hathaway as a core retirement holding - b...
Stansberry Research | Sponsoredtc pixel
Your $29.97 book is free today
Why Some Traders Skip Stocks Entirely You don't need a big account to trade options. In fact, options ca...
Profits Run | Sponsoredtc pixel
China is not hedging. It's escaping.
China's US Treasury holdings have fallen from a peak of $1.32 trillion to roughly $659 billion, an 18-year low...
Behind the Markets | Sponsoredtc pixel
The ultimate IPO unicorn
Anthropic is now worth more than a trillion dollars, making it the first private company to reach that milesto...
Weiss Ratings | Sponsoredtc pixel
The $15 Gold Fund That Pays Up to $1,152/Month
Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying...
Investors Alley | Sponsoredtc pixel
Beginner’s Guide to Gold
The Ultimate Beginner's Guide to Gold IRAs Protect Your Retirement Savings Before It's Too Late With This I...
Goldco Direct, LLC | Sponsoredtc pixel
Free Stock Pick: The Company First in Line for America’s New Super Fuel
The U.S. Army and Department of Energy are launching Project Janus - a high-priority initiative ordered by Pre...
Banyan Hill Publishing | Sponsoredtc pixel
Elon's Terrifying Warning: America Is "1,000% Going Bankrupt"
The national debt just crossed $39 trillion, and Elon Musk - former head of the Department of Government Effic...
American Hartford Gold | Sponsoredtc pixel