CENTERSPACE · REIT (real estate trust)

CSR

Low riskNext report: In 6 days (est.)

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The short version

A profitable company with steady sales. Institutions are adding.

Going well

Raised its dividend (5.4% yield)
Profitable
Brings in more cash than it spends

Money moves

No insider buying or selling in the last 30 days
Institutions added 2.8% to their holdings in the quarter ending June 2026 (110 bought, 102 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$57.01+0.1% that day

Company value: $957M; Share price times all shares
Price vs profit (P/E): 45.6x; You pay about $46 for each $1 of yearly profit
Price vs sales: 3.6x; Company value is 3.6 times a year of sales
Dividend yield: 5.4%; Yearly dividend as a share of today's price
Cash vs value: 1%; Cash as a share of company value
Debt vs value: 107%; Owes more than the whole company is worth

From CSR's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$65.8M-4.0% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $268.9M, up 0.7% from the 12 months before. Over 5 years, sales grew about 9.0% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of CSR. Starting points are the company's recent numbers.

Sales growth+1% a yearRecently: +0.7% a yearProfit margin8%Last 12 months: 8.0%P/E at the end40xToday: 45.6x. Many steady companies trade at 12x to 25xShare count change+3% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$283M

Profit in 5 years$23M

Price these guesses point to$46.45-19% vs $57.01 todayAbout -4.0% a year, before dividends

What today's price needs: with a 8% margin and a 40x P/E, sales would have to grow about 5.2% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.2.3%
MissDebt under half of equityNot relying on borrowed money.1.42x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.6.2%
MissProfitable every yearSteady profits, not one good year.6 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$98.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+10.2% in 3 years

Revenue: $273.7M; +4.9% vs prior year
5-year growth: +9.0%/yr; revenue, per year
Total debt: $1.0B; 1.42x equity
Free cash flow: $98.5M; 36.0% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 3

Revenue: $65.8M; -4.0% YoY
EPS: -$0.07; vs -$0.87
Op. margin: 13.4%; +23.3 pts
Gross margin: 96.8%; +0.3 pts
Free cash flow: $22.7M
Share count: +0.4%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.6
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+2.8%

Institutions added 2.8% to their holdings. 110 bought, 102 sold.

Shares held by institutions15.8M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+3.9%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

1.4x · $989.6M debt

Shares outstandingLatest reported

17M

Earnings reports

Last 12

Next reportIn 6 days (est.)Estimated from the same quarter last year

Results filedAug 3
Results filedMay 4
Results filedFeb 17
Results filedNov 3, 2025
Results filedAug 4, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Aug 13 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

425Oct 7 · Form 425 ↗DEFM14AOct 7 · Form DEFM14A ↗Current reportSep 23 · Form 8-K/A ↗425Sep 23 · Form 425 ↗Major agreementSep 23 · Form 8-K ↗425Sep 23 · Form 425 ↗425Sep 9 · Form 425 ↗Major agreementSep 9 · Form 8-K ↗425Sep 9 · Form 425 ↗425Sep 9 · Form 425 ↗425Sep 9 · Form 425 ↗425Sep 9 · Form 425 ↗425Sep 9 · Form 425 ↗425Sep 9 · Form 425 ↗Other company newsAug 26 · Form 8-K ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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