Company research
CENTERSPACE
CIK 798359Updated Sep 24, 2026
SecurityCSR · NYSE · equity
Name history
INVESTORS REAL ESTATE TRUST · through Jun 8, 2021
CSR price & chart
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NYSE:CSR on TradingView ↗About the company
Centerspace (NYSE: CSR) is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of September 9, 2026, Centerspace owned 47 apartment communities consisting of 10,456 units located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and Utah. Centerspace was named a Top Workplace in 2026 by USA Today and for the seventh consecutive year in 2026 by the Minnesota Star Tribune. For more information, please visit www.centerspacehomes.com.
In the news
Independence Realty Trust and Centerspace to Merge in $8.1 Billion Combination ↗
Recent filings
425 filing
Entry into a Material Definitive Agreement
Items 1.01, 9.01
425 filing
Financial Statements and Exhibits
Items 9.01
425 filing
Show 5 more recent filings
425 filing
425 filing
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Items 1.01, 7.01, 9.01
Other Events
Items 8.01
Completion of Acquisition or Disposition of Assets
Items 2.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,926,167,000Source | 1,913,707,000Source | 1,926,361,000Source | 2,033,301,000Source |
| Property, Plant and Equipment, NetUSD | 526,000Source | 2,543,000Source | 2,798,000Source | 3,120,000Source |
| GoodwillUSD | 316,000Source | 491,000Source | 491,000Source | 866,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 2,015,000Source | 1,977,000Source | 2,723,000Source | 2,112,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 12,833,000Source | 12,030,000Source | 8,630,000Source | 10,458,000Source |
| Accounts Receivable | — | — | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,080,411,000Source | 1,014,704,000Source | 978,776,000Source | 1,066,445,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | 0Source | 93,530,000Source | 93,530,000Source |
| Common Stock, Value, IssuedUSD | 1,368,834,000Source | 1,269,549,000Source | 1,165,694,000Source | 1,177,484,000Source |
| Retained Earnings (Accumulated Deficit)USD | -649,678,000Source | -615,242,000Source | -548,273,000Source | -539,422,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 0Source | -407,000Source | -1,119,000Source | -2,055,000Source |
| Stockholders' Equity Attributable to ParentUSD | 719,156,000Source | 653,900,000Source | 709,832,000Source | 729,537,000Source |
| Liabilities and EquityUSD | 1,926,167,000Source | 1,913,707,000Source | 1,926,361,000Source | 2,033,301,000Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 13,613,000Source | 13,178,000Source | 11,552,000Source | 11,625,000Source |
| Long-term DebtUSD | 1,021,164,000Source | 955,385,000Source | 919,990,000Source | 1,011,777,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 22,964,000Source | -14,192,000Source | 49,231,000Source | -17,641,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 114,644,000Source | 107,648,000Source | 103,172,000Source | 106,208,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,445,000Source | 3,014,000Source | 3,295,000Source | 2,615,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 98,453,000Source | 98,248,000Source | 89,520,000Source | 91,991,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -26,869,000Source | -50,716,000Source | 120,209,000Source | -160,094,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -116,000Source | -325,000Source | 420,000Source | -1,221,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,173,000Source | — | — | — |
| Payments for Repurchase of Common StockUSD | 3,454,000Source | 4,703,000Source | 11,539,000Source | 29,059,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -69,062,000Source | -43,672,000Source | -212,351,000Source | 41,369,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 51,076,000Source | 45,789,000Source | 43,742,000Source | 44,461,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -541,000Source | -137,000Source | -185,000Source | -404,000Source |
| Repayments of Long-term DebtUSD | 96,776,000Source | 10,860,000Source | 46,749,000Source | 28,960,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,522,000Source | 3,860,000Source | -2,622,000Source | -26,734,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 15,651,000Source | 13,129,000Source | 9,269,000Source | 11,891,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 40,689,000Source | 33,537,000Source | 34,182,000Source | 31,272,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 3,445,000Source | 3,014,000Source | 3,295,000Source | 2,615,000Source |
| Amortization of Intangible AssetsUSD | 8,300,000Source | 2,800,000Source | 2,600,000Source | 12,300,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | — | 0Source |
| Dividends PayableUSD | 13,613,000Source | 13,178,000Source | 11,552,000Source | 11,625,000Source |
| Gain (Loss) on Sale of InvestmentsUSD | 79,470,000Source | -577,000Source | 71,244,000Source | 41,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 0Source | -3,864,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | -98,000Source | — | — | — |
| Gains (Losses) on Sales of Investment Real EstateUSD | 79,470,000Source | -577,000Source | 71,240,000Source | 41,000Source |
| General and Administrative ExpenseUSD | 20,918,000Source | 17,802,000Source | 20,080,000Source | 17,516,000Source |
| GoodwillUSD | 316,000Source | 491,000Source | 491,000Source | 866,000Source |
| InterestExpenseNonoperatingUSD | 44,884,000Source | 37,280,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 17,101,000Source | -11,328,000Source | 41,325,000Source | -14,109,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 17,101,000Source | -19,660,000Source | 34,897,000Source | -20,537,000Source |
| Proceeds from Issuance of Common StockUSD | — | 112,071,000Source | 0Source | 31,439,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 90,000,000Source | 0Source |
| Proceeds from Noncontrolling InterestsUSD | 1,428,000Source | — | — | — |
| Real Estate Tax ExpenseUSD | 28,646,000Source | 26,906,000Source | 28,759,000Source | 28,567,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | 507,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 273,662,000Source | 260,983,000Source | 261,309,000Source | 256,716,000Source |
| Cost of RevenueUSD | 9,638,000Source | 9,128,000Source | 9,353,000Source | 9,895,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | 64,537,000Source | 20,475,000Source | 84,453,000Source | 13,861,000Source |
| Net Income (Loss) Attributable to ParentUSD | 17,101,000Source | -11,328,000Source | 41,325,000Source | -14,109,000Source |
| Earnings Per Share, BasicUSD per share | 1.02Source | -1.27Source | 2.33Source | -1.35Source |
| Earnings Per Share, DilutedUSD per share | 1.02Source | -1.27Source | 2.32Source | -1.35Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 16,728,000Source | 15,504,000Source | 14,994,000Source | 15,216,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 16,775,000Source | 15,504,000Source | 17,118,000Source | 15,216,000Source |
| Interest Expense (non-operating)USD | 44,884,000Source | 37,280,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 8,300,000Source | 2,800,000Source | 2,600,000Source | 12,300,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 3.08Source | 3Source | 2.92Source | 2.92Source |
| Cost of Property Repairs and MaintenanceUSD | 15,297,000Source | 15,401,000Source | — | — |
| Costs and ExpensesUSD | 288,595,000Source | 239,931,000Source | 244,236,000Source | 242,896,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | — | 0Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 113,231,000Source | 106,450,000Source | 101,678,000Source | 105,257,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 0Source | -3,864,000Source | — |
| Gains (Losses) on Sales of Investment Real EstateUSD | 79,470,000Source | -577,000Source | 71,240,000Source | 41,000Source |
| General and Administrative ExpenseUSD | 20,918,000Source | 17,802,000Source | 20,080,000Source | 17,516,000Source |
| Interest ExpenseUSD | — | — | 36,429,000Source | 32,750,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 17,101,000Source | -19,660,000Source | 34,897,000Source | -20,537,000Source |
| Real Estate Tax ExpenseUSD | 28,646,000Source | 26,906,000Source | 28,759,000Source | 28,567,000Source |
Filing attachments
ef20081761_ex99-1.htm · 8-K · 2026-09-09
EX-99.1 4 ef20081761_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 INDEPENDENCE REALTY TRUST AND CENTERSPACE An All-Stock Merger Creating an $8.1 Billion Multifamily REIT Focused on High-Growth, Non-Gateway Markets $8.1bn Enterprise Value 44,354 Units ~5% 2027E Core FFO Accretion Leverage Neutral The information contained in this presentation may contain certain forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Sectio…
Read attachment ↗ef20081761_ex99-2.htm · 8-K · 2026-09-09
EX-99.2 5 ef20081761_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 PRESS RELEASE September 9, 2026 Independence Realty Trust and Centerspace to Merge in $8.1 Billion Combination Creating a leading middle-market apartment REIT with greater scale, broader geographic diversification, and an expanded value-add growth pipeline - positioned to deliver attractive risk-adjusted returns with no additional leverage. Transaction Highlights Creates a leading public residential REIT with a pro forma equit…
Read attachment ↗centerspace12312024ex991.htm · 8-K · 2025-02-18
EX-99.1 4 centerspace12312024ex991.htm EX-99.1 Document Exhibit 99.1 Earnings Release Centerspace Announces Financial and Operating Results for the Year Ended December 31, 2024 and Provides 2025 Financial Outlook MINNEAPOLIS, MN, February 18, 2025 - Centerspace (NYSE: CSR) announced today its financial and operating results for the year ended December 31, 2024. The tables below show Net Income (Loss), Funds from Operations (“FFO”)1, and Core FFO1, all on a per diluted share basis, for t…
Read attachment ↗