Skip to content
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Centerspace CSR

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$273.7M
▲ 4.9% YoY
$17.1M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

As of December 31, 2025, it owned 61 apartment communities, containing 12,262 homes and having a total real estate investment amount, net of accumulated depreciation, of $1.9 billion. As of December 31, 2025, it had 349 employees, consisting of 334 full-time and 15 part-time employees, across multiple states. Its corporate headquarters is located in Minot, North Dakota, and it also has a corporate office in Minneapolis, Minnesota. On February 1, 1997, the company was restructured as an Umbrella Partnership Real Estate Investment Trust and conducts its daily business operations primarily through its operating partnership, Centerspace, LP. The sole general partner of Centerspace, LP is Centerspace, Inc., a North Dakota corporation and the company's wholly owned subsidiary. The company was organized under the laws of North Dakota on July 31, 1970, and has operated as a REIT under Sections 856-858 of the Internal Revenue Code of 1986, as amended, since its formation.

Written from the business description in CENTERSPACE's annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth

USD 273.7M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 273.7 · Net income 17.1
100M200M
2009201220152018202120242025
Compound annual growth
+2.2%
+9.0%
+6.5%
+31.0%
+1.8%
+1.9%
+7.0%
+9.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.0% a year over the five years to FY2025 — but profit grew faster: net income at +31.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

8 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 23.6% · Net 8.4%
20%40%60%-5%-10%-15%
200920172025
ROE
FY2025 · ROE 2.3%
10%20%
200920172025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 2 cents of profit this year.

Cash & shareholders

USD 54.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF 89.5
40M80M-150M-300M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 51.1 · Net buybacks 3.5
40M80M-100M-200MDividendsNet buybacks
200920112013201520172020202220242025

USD 51.1M in dividends and USD 3.5M in buybacks — 319% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.9B
EquityUSD 719.2M
CashUSD 12.8M
Gross debtUSD 1.0B
Net debtUSD 1.0B

Net debt stands at 140% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CSR, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.30.30.30.30.20.20.20.10.20.20.10.20.20.20.20.20.2
Operating income $B0.10.00.10.00.00.00.1◌−0.0−0.00.00.00.00.10.10.1◌
EBITDA $B0.20.10.20.10.10.10.2◌0.10.00.10.10.10.10.10.1◌
Income tax $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Net income $B0.0−0.00.0−0.0−0.00.00.1◌0.10.00.10.0−0.00.00.00.00.0
Free cash flow $B◌◌0.10.10.10.1−0.1◌−0.30.1−0.10.10.10.00.00.0−0.0
EPS, diluted $1.02−1.272.32−1.35−0.47−0.156.00◌8.712.580.490.11−0.230.170.070.22◌
Dividend / sh $3.083.002.922.922.842.802.80◌2.804.60◌◌◌◌0.560.690.68
Payout %299−404106−315−13271478942—2912983190−309143444215933
ROE %2.3−1.55.7−1.9−0.00.713.2◌20.07.311.33.9−2.24.91.94.9◌
Shares out B0.020.020.010.020.020.010.010.010.120.120.120.120.110.100.090.08◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 48 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Three checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: cost of revenue is not tagged before 2010. Three checks were skipped: EPS is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inNorth Dakota
Fiscal year endsDecember 31
Data on record since2009

Share this section

Download image