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Centerspace CSR

Listed / Traded Residential NYSE Mgmt:

Centerspace operates as an owner and manager of residential apartment communities, founded in 1970. The organization is dedicated to delivering exceptional homes by upholding principles of integrity and service to its residents. As of the end of June 2021, Centerspace's holdings encompassed 62 distinct apartment properties, comprising 11,579 housing units situated across Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Its commitment to its employees was acknowledged when the Minneapolis Star Tribune designated it a Top Workplace for 2021. More information is available at www.centerspacehomes.com.

Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-17 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K

Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.

Snapshot

Price
$55.87
Market cap
$938.79M
Enterprise value
$1.95B
Dividend yieldi
5.51%
Annual dividendi
$3.08
Frequency
Quarterly
FFO / sharei
$1.07 · Q1 2026
Core FFO / sharei
$1.12 · Q1 2026
Net debt / EBITDAi
8.20x · Adj. EBITDA
Op. cash flow / sharei
$5.87
Price / OCFi
9.52
Payout (% of OCF)i
52.48%
Debt / book capitali
59.17%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / Core FFO / leverage are from the Q1 2026 earnings release (filed 2026-05-08) — 8-K, EX-99.1 ✓ Verified to filing.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

$10,000 invested

178shares (~$55.87 each)
$551est. dividends / year
$46≈ per month
5.51%current yield

Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.

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Balance sheet (latest FY: 2025)

Total debt
$1.02B
Cash
$12.83M
Net debt / EBITDAi
5.89x
Debt / book capitali
59.17%
Total assets
$1.93B
Total equity
$725.10M
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Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $353.13M $17.59M $113.23M $180.67M $98.45M
2024 $260.98M $-10.69M $107.65M $130.74M $98.25M
2023 $261.31M $41.97M $103.17M $188.83M $89.52M
2022 $256.72M $-13.47M $106.21M $121.32M $91.99M
2021 $201.71M $611.00K $93.11M $123.00M $84.03M
2020 $177.99M $5.08M $76.60M $110.42M $61.23M

Dividends

Recent regular dividends per share (special distributions excluded), oldest → newest.

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-06-292026-06-292026-07-14 2026-06-01$0.77Quarterly
2026-03-302026-03-302026-04-14 2026-02-17$0.77Quarterly
2025-12-302025-12-302026-01-12 2025-12-01$0.77Quarterly
2025-09-292025-09-292025-10-10 2025-09-02$0.77Quarterly
2025-06-272025-06-272025-07-10 2025-06-02$0.77Quarterly
2025-03-282025-03-282025-04-08 2025-02-18$0.77Quarterly
2024-12-302024-12-302025-01-13 2024-12-02$0.75Quarterly
2024-09-302024-09-302024-10-10 2024-09-03$0.75Quarterly
2024-06-282024-06-282024-07-10 2024-06-03$0.75Quarterly
2024-03-272024-03-282024-04-08 2024-02-20$0.75Quarterly
2023-12-282023-12-292024-01-12 2023-12-01$0.73Quarterly
2023-09-282023-09-292023-10-10 2023-09-01$0.73Quarterly
2023-06-292023-06-302023-07-10 2023-06-02$0.73Quarterly
2023-03-302023-03-312023-04-10 2023-03-03$0.73Quarterly
2022-12-292023-01-022023-01-12 2022-12-02$0.73Quarterly
2022-09-292022-09-302022-10-11 2022-09-02$0.73Quarterly
2022-06-292022-06-302022-07-11 2022-06-03$0.73Quarterly
2022-03-302022-03-312022-04-11 2022-02-28$0.73Quarterly
2021-12-312022-01-032022-01-14 2021-12-03$0.72Quarterly
2021-09-292021-09-302021-10-11 2021-08-30$0.72Quarterly
2021-06-292021-06-302021-07-12 2021-06-04$0.70Quarterly
2021-03-302021-03-312021-04-12 2021-03-05$0.70Quarterly
2020-12-312021-01-042021-01-15 2020-12-04$0.70Quarterly
2020-09-292020-09-302020-10-09 2020-09-04$0.70Quarterly

Coverage (payout of operating cash flow): 52.48%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Recent news — CSR

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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.

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