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CenterspaceCSRCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts
Momentum neutral 50
Mkt cap
$963M
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$12.0M
20-day average traded
P/B
1.21×
price to book
ROE
11.7%
delivered
Implied ROE
10.3%
what the price asks
Next earnings
109 days
23 Feb 2027
Close · USD$57.22
1D-2.1%
1W-2.1%
1M+4.2%
3M+3.8%
6M-15.4%
YTD-14.2%
1Y-4.4%
ATR %2.7%
Beta0.09
52w lowhigh17.8% off high

What Centerspace does

Employees: 349

Centerspace at a glance

Size Centerspace (CSR) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $963M, the 2273rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $57.22 on 6 Nov 2026.

Performance Over six months the shares fell 15.4%, against -12.8% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.

Growth Revenue grew 15.4% over the last twelve months (peer median +0.3%); the operating margin is 42.3% (peer median 48.3%).

Valuation It trades at 1.21× book value against a peer median of 0.80× (2nd most expensive of 21).

Price implies The share price implies a return on equity of about 10.3%; Centerspace delivers 11.7%, so the price asks less than the business earns today.

Short interest Short interest is 7.0% of the free float (15 Oct 2026).

Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 88CSR 84
Six months, rebased to 100: Centerspace against the median of its 20 peers (local-currency closes).

Centerspace financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$408M$353M$260M$333M$257M
Revenue growth—+36%-22%+30%—
Gross profit$196M$124M$41.6M$116M$33.0M
EBITDA$277M$216M$130M$197M$121M
Net income$90.8M$17.6M-$10.7M$42.0M-$13.5M
Free cash flow$48.6M$64.3M$41.6M$30.7M$35.4M
Capital expenditure$28.9M$34.2M$56.7M$58.8M$56.7M
Total debt$813M$1.02B$955M$916M$1.01B

Quarterly statements and history in the cockpit →

Centerspace competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%0%+10%WHANTDUORC3481H13DGT8968OPGESRTWKPO5RUCY6U3468SEB395400P40USKGWPRCSR6-month return →1-month return →
Up and to the right = strong over both horizons. Centerspace is the large dot.

Fundamentals: return on equity against price-to-book

-10%0%10%0.50×10×WHAORC3481H13DGT8968OPGESRTWKPO5RUCY6U34688987SEB395400P40USKG8966CSRReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Centerspace is the large dot.

Capital: ROE delivered against the ROE the price implies

-10%0%10%-10%0%10%WHAORC3481H13DGT8968OPGWKPO5RUCY6UP40USKGWPRCSRROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Centerspace is the large dot.

Centerspace competitors and peer comparison

How Centerspace compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Centerspace against its 20 peers (data as of 6 Nov 2026)
MeasureCSRPeer medianRank in peer set
1-month return+4.2%-0.7%5th highest of 21
6-month return-15.4%-12.8%7th lowest of 21
Return on equity11.7%6.0%2nd highest of 20
Price / book1.21×0.80×2nd most expensive of 21
Trailing P/E10.7×13.7×5th cheapest of 17
ROE the price implies10.3%5.2%3rd most demanding of 21
ROE delivered11.7%6.2%2nd highest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Centerspace CSRUnited States$963M-15%+15%12%1.21×10.3%11.7%
Wereldhave WHA.ASNetherlands$956M-15%+10%6%0.79×6.0%6.3%
Ntt Dc REIT NTDU.SISingapore$955M-9%-8%n/a0.80×3.1%n/a
Orchid Island Capital ORCUnited States$953M-30%+83%-1%0.82×11.3%-0.6%
Mitsubishi Estate Logistics REIT Investment 3481.TJapan$952M-17%-4%5%0.96×4.4%5.2%
Ho Bee Land H13.SISingapore$978M-13%+5%3%0.33×2.6%2.7%
Digico Infrastructure REIT DGT.AXAustralia$941M-10%+90%-4%0.59×9.6%-4.2%
Fukuoka Reit 8968.TJapan$929M-7%-3%7%1.28×5.4%7.0%
Cpi Fim OPG.WAPoland$1.00B-16%-35%11%0.58×5.9%11.1%
Empire State Realty Trust ESRTUnited States$919M-7%+2%5%0.85×10.7%n/a
Workspace WKP.LUnited Kingdom$913M+8%-2%-8%0.51×8.1%-8.5%
Aims Apac REIT O5RU.SISingapore$904M-10%+6%11%1.09×4.9%11.1%
CapitaLand India Trust CY6U.SISingapore$1.03B-15%-2%16%0.71×5.0%15.7%
Star Asia Investment 3468.TJapan$895M-7%+17%6%0.98×4.6%6.4%
Japan Excellent 8987.TJapan$1.04B-13%-18%6%1.09×4.6%6.0%
Stoneweg Europe Stapled Trust SEB.SISingapore$889M-12%-2%5%0.68×4.5%5.1%
SK REIT 395400.KSSouth Korea$1.04B-30%+15%6%0.73×4.8%5.7%
Starhill Global Real Estate Investment Trust P40U.SISingapore$884M-13%0%3%0.68×4.0%2.7%
Storage King SKG.AXAustralia$1.05B-17%0%7%0.64×7.8%6.5%
Waypoint REIT WPR.AXAustralia$1.05B-2%-1%7%0.80×8.8%6.8%
Heiwa Real Estate REIT 8966.TJapan$1.06B-15%+24%8%1.15×5.5%8.4%

Questions

Which companies are Centerspace's closest peers?
The cockpit's peer set: Wereldhave (WHA.AS), Ntt Dc REIT (NTDU.SI), Orchid Island Capital (ORC), Mitsubishi Estate Logistics REIT Investment (3481.T), Ho Bee Land (H13.SI), Digico Infrastructure REIT (DGT.AX), Fukuoka Reit (8968.T), Cpi Fim (OPG.WA).
Is Centerspace expensive compared with its peers?
On price / book it trades at 1.21× against a peer median of 0.80×, 2nd most expensive of 21 in its peer set. The share price implies a return on equity of about 10.3%; Centerspace delivers 11.7%, so the price asks less than the business earns today.
How has Centerspace stock performed?
Over six months to 6 Nov 2026 the shares returned -15.4% against -12.8% for the median peer; over one year -4.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.