Stock CSR CENTERSPACE
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Financials Centerspace

Equities

CSR

US15202L1070

Residential REITs

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
64.59 USD +0.40% Intraday chart for Centerspace -0.46% +10.98%
Apr. 10 RBC Boosts Price Target on Centerspace to $66 From $63, Keeps Outperform Rating MT
Mar. 12 Baird Adjusts Price Target on Centerspace to $59 From $57, Keeps Neutral Rating MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 842.8 916.6 1,584 884.1 876.1 961.7 - -
Enterprise Value (EV) 1 842.8 916.6 1,584 884.1 1,783 1,860 1,863 1,870
P/E ratio 12.1 x -471 x -236 x -43.5 x 25.1 x -73.7 x -97.9 x -461 x
Yield 3.86% 3.96% 2.56% 4.98% 5.02% 4.64% 3.8% 4.89%
Capitalization / Revenue 4.54 x 5.15 x 7.85 x 3.44 x 3.35 x 3.65 x 3.52 x 3.38 x
EV / Revenue 4.54 x 5.15 x 7.85 x 3.44 x 6.83 x 7.06 x 6.81 x 6.58 x
EV / EBITDA 10 x 10.8 x 16.5 x 7.29 x 13.8 x 14.5 x 14 x 13.4 x
EV / FCF 17.3 x 29.7 x - 11.1 x - 21.6 x 20.2 x -
FCF Yield 5.77% 3.37% - 8.99% - 4.62% 4.94% -
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 11,625 12,976 14,281 15,069 15,053 14,889 - -
Reference price 2 72.50 70.64 110.9 58.67 58.20 64.59 64.59 64.59
Announcement Date 2/19/20 2/22/21 2/28/22 2/21/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 185.8 178 201.7 256.7 261.3 263.5 273.6 284.1
EBITDA 1 84.04 84.55 96.25 121.3 128.9 128.1 133.5 139.9
EBIT 1 11.42 8.34 29.89 13.82 17.07 19.9 22.9 -
Operating Margin 6.15% 4.69% 14.82% 5.38% 6.53% 7.55% 8.37% -
Earnings before Tax (EBT) 1 -19.39 -20.76 - -17.64 49.23 -16 -14 -
Net income 1 71.85 -1.79 -6.457 -20.54 34.9 -18.34 -15.59 -10.14
Net margin 38.68% -1.01% -3.2% -8% 13.35% -6.96% -5.7% -3.57%
EPS 2 6.000 -0.1500 -0.4700 -1.350 2.320 -0.8767 -0.6600 -0.1400
Free Cash Flow 1 48.67 30.91 - 79.51 - 86 92 -
FCF margin 26.2% 17.37% - 30.97% - 32.64% 33.63% -
FCF Conversion (EBITDA) 57.91% 36.56% - 65.54% - 67.14% 68.91% -
FCF Conversion (Net income) 67.74% - - - - - - -
Dividend per Share 2 2.800 2.800 2.840 2.920 2.920 2.995 2.458 3.160
Announcement Date 2/19/20 2/22/21 2/28/22 2/21/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 50.41 57.99 60.31 63.12 65.44 67.85 67.9 64.78 64.57 64.07 64.7 65.58 66.51 67.08 67.38
EBITDA 1 23.58 27.88 27.17 30.28 31.01 32.85 31.59 33.49 31.69 32.09 30.38 32.3 32.1 32.6 32.07
EBIT 1 1.144 -2.466 -3.911 3.808 7.031 6.892 2.438 5.966 17.4 -0.422 4.186 5.546 5.156 5.012 4
Operating Margin 2.27% -4.25% -6.48% 6.03% 10.74% 10.16% 3.59% 9.21% 26.94% -0.66% 6.47% 8.46% 7.75% 7.47% 5.94%
Earnings before Tax (EBT) 1 -11.24 -8.805 -10.56 -3.743 -0.77 -2.565 - -2.38 9.169 -9.885 -5.7 -3 -3.7 -3.6 -5.1
Net income 1 -11.1 -8.815 -10.2 -4.598 -2.13 -3.613 41.96 -3.47 6.167 -9.764 -5.829 -4.007 -4.338 -4.153 -4.598
Net margin -22.02% -15.2% -16.9% -7.28% -3.25% -5.33% 61.81% -5.36% 9.55% -15.24% -9.01% -6.11% -6.52% -6.19% -6.82%
EPS 2 -0.7900 -0.6100 -0.6800 -0.3000 -0.1400 -0.2400 2.760 -0.2300 0.4100 -0.6500 -0.2933 -0.1667 -0.2167 -0.2067 -0.2233
Dividend per Share 2 0.7200 0.7200 0.7300 0.7300 0.7300 0.7300 0.7300 0.7300 0.7300 0.7300 0.7450 0.7500 0.7500 0.7500 0.7567
Announcement Date 11/1/21 2/28/22 5/2/22 8/1/22 10/31/22 2/21/23 5/1/23 7/31/23 10/30/23 2/20/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 907 898 901 908
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - 7.041 x 7.01 x 6.749 x 6.49 x
Free Cash Flow 1 48.7 30.9 - 79.5 - 86 92 -
ROE (net income / shareholders' equity) - - - - - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 21 30.3 - - - - - -
Capex / Sales 11.28% 17.03% - - - - - -
Announcement Date 2/19/20 2/22/21 2/28/22 2/21/23 2/20/24 - - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Centerspace

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
64.59 USD
Average target price
63.12 USD
Spread / Average Target
-2.27%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Residential REITs

1st Jan change Capi.
CENTERSPACE Stock Centerspace
+10.98% 962M
AVALONBAY COMMUNITIES, INC. Stock AvalonBay Communities, Inc.
+2.26% 27.19B
EQUITY RESIDENTIAL Stock Equity Residential
+6.51% 24.68B
INVITATION HOMES INC. Stock Invitation Homes Inc.
+1.79% 21.27B
ESSEX PROPERTY TRUST, INC. Stock Essex Property Trust, Inc.
-0.41% 15.85B
MID-AMERICA APARTMENT COMMUNITY, INC. Stock Mid-America Apartment Community, Inc.
-3.89% 15.08B
SUN COMMUNITIES, INC. Stock Sun Communities, Inc.
-10.90% 14.84B
AMERICAN HOMES 4 RENT Stock American Homes 4 Rent
+1.25% 13.34B
UDR INC. Stock UDR Inc.
-0.99% 12.48B
EQUITY LIFESTYLE PROPERTIES, INC. Stock Equity LifeStyle Properties, Inc.
-14.19% 11.29B
Residential REITs
  1. Stock Market
  2. Equities
  3. CSR Stock
  4. Financials Centerspace