Centerspace (CSR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Centerspace stock $28.18, price $57.22, that is 50.8% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range $42.34 – $90.84 · fair‑value band $24.81 – $58.75 · the $57.22 price screens above the $28.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others.
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As of March 31, 2026, Centerspace owned 61 apartment communities consisting of 12,263 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. Centerspace was named a top workplace for the sixth consecutive year in 2025 by the Minnesota Star Tribune.
Centerspace was established and incorporated on July 31, 1970 in North Dakota and is based in Minot, North Dakota.
Stock analysis
Centerspace (CSR) currently trades at $57.22, while our model-based Fair Value estimate is $28.18, 51% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $57.41 per share, and 5 of the 16 models we run sit above the $57.22 price.
Bear case: the Growth DCF group reads lowest at $22.16, and 11 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: $24.81 (bear) to $58.75 (bull), the price of $57.22 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Centerspace reported revenue of $353M in FY2025 versus $202M in FY2021, a compound +15.0%/yr. Reported net income was $17.6M in FY2025, compounding +131.6%/yr from FY2021.
Key figures
Market cap $962M Small · P/E ratio 46.9 · P/S ratio 4.67 · EPS (TTM) $1.22 · Dividend yield 5.4% · Net margin 8.1% · Return on equity 3.4% · Return on assets (EBIT) 2.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −13% fair-value upside, at −51%, CSR screens richer than that median.
Fair Value models
Bear$24.81Fair Value $28.18Bull$58.75
Price $57.22 · Downside -50.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors bought shares worth $121,392, most recently on Jun 22, 2026. Buying cluster
BuyRodney Jones-TysonDirector1,700 shares at $55.26$93,942Jun 22, 2026
BuyJohn A SchisselDirector500 shares at $54.90$27,450Jun 18, 2026
Plus 6 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+35.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.7%
Start year 2020 (pandemic). Over 10 years: +6.5% a year
Revenue growth 30 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +26.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +21.0%
Dividend (yield on the price)5.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 21.0% / −11.6%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.19% → 29%
⚠ Revenue per share shrinking 1.9%/yr over ~11Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.40 per share, median 5.31 in 2015 to 2017). It measures the recovery from the trough, not lasting growth.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−7.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +19.1% a year for the price and −9.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (94 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Residential · 41 stocks
Beats the industry median on 3/15 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−50.8% · Bottom 25%
Profitability
Return on equity (12 months)3.4% · Below median
Return on assets1.2% · Below median
Net margin (12 months)10.6% · Below median
Operating margin (12 months)12.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)−4.0% · Bottom 25%
Dividend yield (12 months)5.4% · Above median
Balance sheet
Debt / equity1.41× · Above median
Valuation Multiplesvs REIT - Residential median · lower = cheaper
P/E (12 months)46.9× · Priciest 25%
P/B1.33× · Pricier than median
P/S (12 months)4.67× · Cheaper than median
Price / free cash flow (fiscal year)19.5× · Pricier than median
EV/EBITDA19.4× · Pricier than median
PEG40.89× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)0· sector 9
PAST (return on equity)14· sector 14
HEALTH (low debt)30· sector 58
DIVIDEND (yield)100· sector 77
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Centerspace Fair Value". https://www.fairvalue-calculator.com/stock/CSR
Frequently asked questions
Is Centerspace (CSR) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $28.18 versus a price of $57.22, about 51% lower (overvalued).
What is the fair value of CSR?
Our model-based fair value for Centerspace is $28.18 (as of Nov 4, 2026), built from audited fundamentals. The current price: $57.22.
What is the quality score of CSR?
Centerspace has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Centerspace (CSR)?
Our model-based price target is the fair value of $28.18 (as of Nov 4, 2026) from 16 valuation models. Cautious scenario $24.81, optimistic scenario $58.75. It is a calculation from audited fundamentals, not an analyst target.
What is the Centerspace stock forecast for 2026?
Our models put fair value at $28.18, about 51% lower versus a price of $57.22 (overvalued). Cautious scenario $24.81, optimistic scenario $58.75. The calculation is refreshed regularly with new filings.
What is the revenue of Centerspace (CSR)?
Centerspace reported trailing-twelve-month revenue of about $269M (latest available figure, as of Nov 4, 2026).
Does Centerspace pay a dividend?
Centerspace currently shows a dividend yield of 5.38% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Centerspace (CSR) and when is the ex-dividend date?
Centerspace pays a dividend of $3.08 per share a year, a dividend yield of 5.4%. The last ex-dividend date was Sep 29, 2026. A dividend has been paid every year since at least 1997. The payout ratio is 188% of earnings (on adjusted earnings, reported 252%). Free cash flow covers the dividend 1.24 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Centerspace (CSR)?
For today's price to be fair in a discounted-cash-flow model, Centerspace would have to grow free cash flow by +21.9 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.7 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of CSR use?
Our models discount Centerspace at 10.8 %: a base by market capitalisation (small), damped by beta 0.84, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Centerspace that is +21.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has Centerspace (CSR) delivered so far?
Over the past 5 years revenue at Centerspace grew +14.7 % a year. The price currently implies free-cash-flow growth of +21.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Centerspace (CSR) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Centerspace (+21.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Centerspace (CSR)?
The free-cash-flow yield on the price is 6.68 %: that much free cash flow Centerspace produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Centerspace (CSR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Centerspace it is $28.18 per share (as of Nov 4, 2026), against a price of $57.22. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Centerspace stock overvalued or undervalued in 2026?
As of Nov 4, 2026, CSR trades above its calculated fair value: price $57.22, fair value $28.18, a gap of about −51% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CSR?
No. The price is what the market pays today ($57.22); the fair value is what the company's own numbers justify ($28.18). For Centerspace the two are $29.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Centerspace worth?
The market values Centerspace at about $962M (market capitalisation, as of Nov 4, 2026). Per share that is $57.22; our models calculate a fair value of $28.18 per share.
What do the bullish and bearish scenarios say about CSR?
Our models span a range for Centerspace: cautious scenario $24.81, base $28.18, optimistic $58.75 per share (as of Nov 4, 2026, price $57.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CSR?
Centerspace trades at a price-to-earnings ratio of 46.9 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $28.18 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 40.6 (reported for FY2025: 54.5). Other multiples: PEG 40.9, P/B 1.3, P/S 4.7, EV/EBITDA 19.4.
What is the PEG ratio of CSR?
The PEG ratio of Centerspace is 40.89 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Centerspace (CSR)?
Balance-sheet figures for Centerspace (as of Nov 4, 2026): return on equity 3.4%, debt of 1.41 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is CSR from its 52-week high?
Centerspace trades at $57.22, about 17% below its 52-week high of $68.89 and 9% above the low of $52.39 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $28.18 is for.
Which stocks are comparable to Centerspace?
From the same area (Real Estate) we also value Essex Property Trust, Inc, Invitation Homes, Sun Communities, Inc, Mid-America Apartment Communities, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Centerspace stock attractive at the current price?
The data as of Nov 4, 2026: price $57.22, calculated fair value $28.18 (−51%), Quality Score 56/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CSR calculated?
We run Centerspace through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $28.18 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Centerspace itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Centerspace (CSR)?
The closing price on Nov 6, 2026 was $57.22. Our model-based fair value is $28.18, about 51% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Centerspace right now?
Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($24.81 to $58.75) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Centerspace
How large is the market capitalisation of Centerspace (CSR)?
The market capitalisation of Centerspace is $962M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Centerspace (CSR)?
The price-to-sales ratio of Centerspace is 4.67 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Centerspace (CSR)?
Earnings per share at Centerspace are $1.22 (price ÷ EPS = P/E 46.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Centerspace (CSR)?
The dividend yield of Centerspace is 5.4% (payout 188%, on adjusted earnings, reported 252%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Centerspace (CSR)?
The net margin of Centerspace is 8.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Centerspace (CSR)?
The return on equity (ROE) of Centerspace is 3.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Centerspace (CSR)?
On an EBIT basis the return on assets of Centerspace is 2.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Centerspace (CSR)?
The operating margin of Centerspace is 12.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Centerspace (CSR)?
Revenue at Centerspace is growing −4.0% versus a year earlier (3y avg +11.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Centerspace (CSR) carry?
The net debt of Centerspace is $1.0B (fiscal year 2025, ≈ 15.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 4, 2026