Centerspace Trust (CSR)
NYSEReal EstateReit - ResidentialSnapshot 2026-09-04
$52.90+0.97%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - ResidentialSnapshot 2026-09-04
QuarterlyIQ Insights · CSR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -13.1% |
| Our one-year growth estimate | diamond | -5.6% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to real (inflation-adjusted) rates.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 7.4 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Worth watching into the next print: this name has been missing across recent quarters and operates in a high-miss-rate industry. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 16 industry peers · Company calendar date is not available
CSR — credit agreement
Dated 2026-08-26
Regulation Other Events. As previously disclosed, on September 30, 2021, Centerspace, LP (the “Operating Partnership”), an indirect subsidiary of Centerspace (the “Company”), entered into a Third Amended and Restated Credit Agreement, as amended (the “Credit Agreement”), by and among the Operating Partnership, each of the guarantors party thereto, including the Company, the lenders from time to time party thereto, and Bank of Montreal, as administrative agent (the “Agent”). On May 29, 2025, t…
Why it matters: Positive net income would show a turnaround. This would help boost investor confidence.
Supportive ifNet income reported as positive in any quarter of 2026.
Worry ifThe company reports more net losses in the next quarters.
Why it matters: Steady cash flow is key for funding operations. It helps support the dividend during changes.
Watch forCash from operations shows a steady rise over the next two quarters.
Also watch forCash from operations keeps changing without a clear upward trend.
Why it matters: The earnings report will show if the recent earnings beat can continue. Investors look for consistent performance.
Supportive ifEarnings per share exceeds the consensus estimate by more than 5%.
Worry ifEarnings per share falls below the consensus estimate by more than 5%.
Why it matters: Positive net income would show financial recovery and better operations. This is a key goal.
Supportive ifThe upcoming earnings release will show positive net income.
Worry ifThe upcoming earnings release will show continued net losses.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$90 on $10,000 · ±0.9% | How much price usually moves either way. |
| Bad day | $239 loss on $10,000 · 2.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,395 loss on $10,000 · 23.9% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: A smaller net loss shows progress toward making money. This is a key sign of health.
Supportive ifNet loss per share improves to $0.00 or better in upcoming quarters.
Worry ifNet loss per share remains worse than $0.00 in upcoming quarters.
Why it matters: Higher occupancy rates mean more demand for apartments. This helps revenue grow.
Supportive ifThe average occupancy is over 96.0% for Q3 2026.
Worry ifOccupancy rates fall below 96.0%. This shows weaker demand.
Why it matters: If revenue growth picks up, it could signal a recovery in the real estate sector. This would support Centerspace's outlook.
Supportive ifSector revenue growth shows a year-over-year increase of more than 2%.
Worry ifSector revenue growth drops more. It shows a year-over-year decrease of over 2%.
Why it matters: These sales will help reduce debt and improve the balance sheet. Investors will want to see if the company can execute this plan effectively.
Supportive ifThey announced they sold assets for $240-245 million.
Worry ifNo asset sales will happen by the end of 2026. This shows the plan is failing.
Why it matters: A higher retention rate means happier residents and steady revenue. This is important for growth.
Supportive ifRetention rate improves to above 61.3% for the next quarter.
Worry ifRetention rate falls below 61.3% for the next quarter.
Why it matters: Cash flow is vital for operations. A decline could affect the company's ability to meet obligations.
Supportive ifCash from operating activities goes up to $21.42 million in Q1 2026.
Worry ifCash from operating activities keeps going down from past quarters.
Why it matters: This plan aims to improve asset quality and strengthen the balance sheet. Success here could enhance shareholder value.
Supportive ifThey announced asset sales that total at least $240 million.
Worry ifNo asset sales announced or sales below $100 million.
Why it matters: New guidance will show how asset sales affect the company. This could change what investors expect.
Watch forManagement gives new earnings guidance. This shows a better financial outlook.
Also watch forManagement keeps or lowers past earnings guidance.
Why it matters: Better cash flow means the company is working more efficiently. This helps achieve positive net income.
Supportive ifCash from operations went up by at least 10% from last quarter.
Worry ifCash from operating activities goes down or stays the same.
Why it matters: Growth in same-store revenue shows the company is stable. It also shows market demand is recovering.
Supportive ifSame-store revenue growth exceeds 1.75% in Q2 2026.
Worry ifSame-store revenue growth remains below 0% in Q2 2026.
Why it matters: Keeping the dividend is key for investor trust. Cuts could mean bigger financial problems.
Worry ifThe company will keep the dividend at $0.77 per share in future announcements.
Less concerning ifThe company reduces or suspends the dividend payout.
Why it matters: Successful sales would strengthen the balance sheet and reduce debt significantly. This is key for long-term stability.
Supportive ifAll targeted asset sales close as planned by the end of 2026.
Worry ifSales do not close as planned, delaying the deleveraging plan.
Why it matters: Hitting this target shows good operations. It also helps the company's financial outlook.
Supportive ifCore FFO per share reported at or above $4.58 for the fiscal year 2026.
Worry ifCore FFO per share falls below $4.58, indicating weaker performance.
Why it matters: Keeping the dividend shows financial strength. It also shows a commitment to shareholders.
Supportive ifThe company sets the quarterly dividend at $0.77 for the next quarter.
Worry ifThe company lowers the dividend below $0.77. This shows financial trouble.
Why it matters: Good same-store NOI growth shows efficiency and demand. This is key for long-term success.
Supportive ifSame-store NOI growth reported above 0.00% for the next quarter.
Worry ifSame-store NOI growth stays at or below 0.00%. This shows ongoing problems.