Company Analysis

Centerspace (CSR)

NYSE: CSR · Real Estate Investment Trusts · Minot, ND · filing with the SEC since 1995
Grade5.0
◀ Past 5.2● Present 4.0▶ Future 6.2

The grade of Centerspace

Nine metrics read from its own filings, by tense
Headline grade
5.0/10
◀ Past5.225% of the headline
● Present4.045% of the headline
▶ Future6.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.2/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 70th percentile among 174 sector filers · read for itself

From the record

Centerspace's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.7/10

What has it actually done, year after year?

+6.4% a year over 10 filed years; profitable in 6 of 9.

weight 33% of this tense · 37th percentile among 156 sector filers · read for its customers

From the record

Centerspace's 10 filed years say what it did: revenue went from $160 million in fiscal 2017 to $274 million in fiscal 2025, up 6.4% a year; it rose in 6 of 9 years; the deepest fall was 28% from fiscal 2018 to fiscal 2018; net income was positive in 6 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.4%top 49% of its family
  • the share of years revenue rosebottom 34% of its family
  • the share of filed years with a profitbottom 28% of its family
  • the deepest fall from a revenue peak28.2%bottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.9/10

How has it treated the people who own it?

Share count grew 3.3% a year. 56% of cash flow returned. Insiders: 0 sales, 2 purchases.

weight 22% of this tense · 39th percentile among 156 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Centerspace's diluted share count grew about 3.3% a year, and dividends and buybacks returned about 56% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 2 purchases of their own stock on the open market in the year to 2026-09-30, buying about $121 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 39% of its family
  • cash returned against operating cash flowbottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.0/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
5.2/10

Is it financially healthy right now?

ROE 2%: 2¢ of profit per shareholder dollar. Leverage 56%: owes 56¢ per asset dollar.

weight 45% of this tense · 52nd percentile among 171 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Centerspace earned about 2 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 14 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 56 cents per dollar of assets, and net share issuance: its share count grew 8.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 43% of its family
  • return on equitybottom 37% of its family
  • gross profit against assetstop 9% of its family
  • the share count against the year beforebottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.5/10

How strong is its position in its industry?

bottom 35% of 157 in its family; net margin 6.2%.

weight 33% of this tense · 35th percentile among 157 sector filers · read for its customers

From the record

Centerspace's standing among 157 graded names in its industry family: revenue of $274 million in fiscal 2025 ranks in the bottom 32% by size; a net margin of 6.2% ranks in the bottom 39%; revenue growth of 2.2% a year over the last 3 filed years ranks in the bottom 35% (its annual reports).

What it rests on

  • revenue against the family$274Mbottom 32% of its family
  • net margin6.2%bottom 39% of its family
  • three-year revenue growth2.2%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.4/10

What are the people in charge doing?

bottom 24% of 160 in its family for leadership; chief executive since 2023.

weight 22% of this tense · 24th percentile among 160 sector filers · read for its shareholders

From the record

Centerspace's leadership, from its insiders' filings and its current reports: the chief executive on the record is Olson, Anne (President, CEO & Secretary, as filed), filing under that title since 2023-04-04, 3.6 years (bottom 27% of its family); the 8 officers and directors filing in the last fifteen months have been on the record a median of 6.8 years (bottom 35%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 11%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 8 peoplebottom 11% of its family
  • the median years the people in charge have filed6.8 yearsbottom 35% of its family
  • the chief executive's years on the record3.6 yearsbottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.4/10

How much room does it have to grow?

top 46% of 146 in its family for room to expand.

weight 22% of this tense · 54th percentile among 146 sector filers · read for itself

From the record

Centerspace's room to grow, from the newest filed statements (fiscal 2025): cash of $13 million against debt of $1.0 billion leaves -52.3% of its assets as net cash, bottom 22% of its family; cash from operations less capital spending is 36% of revenue (top 47%); a gross margin of 96.5% (top 12%) (its annual report).

What it rests on

  • cash less debt against assets-52.3%bottom 22% of its family
  • cash from operations less capital spending against revenue36.0%top 47% of its family
  • gross margin96.5%top 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.7/10

What could actually drive growth from here?

bottom 47% of 153 in its family for growth drivers.

weight 33% of this tense · 47th percentile among 153 sector filers · read for its customers

From the record

Centerspace's growth drivers, from the filed years to fiscal 2025: revenue grew 2.2% a year over the last three filed years against 6.4% over all 10, slowing (bottom 36% of its family); the newest year grew 4.9% (top 41%) (its annual reports). Centerspace tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-4.2 points a yearbottom 36% of its family
  • the newest year's revenue growth4.9%top 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.6/10

Did its newest year beat what its own record pointed to?

top 24% of 150 in its family for expectations against reality.

weight 45% of this tense · 76th percentile among 150 sector filers · read for its shareholders

From the record

Centerspace's newest year against its own record: revenue of $274 million in fiscal 2025 came in 4% above the $263 million its prior three years' pace pointed to (top 23% of its family); net income of $17 million against a prior three-year average of $5 million (top 13%); a net margin of 6.2% against 2% before (top 36%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace4.0%top 23% of its family
  • net income against the prior three years' average+223%top 13% of its family
  • net margin against its prior average+4.3 pointstop 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CSR · research, not advice