57.51
+0.51%
Close of 9 Nov 2026, in USD
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About Centerspace
From its filings with the US Securities and Exchange Commission
Centerspace is based in Minot, North Dakota and is incorporated in North Dakota. Its shares trade on NYSE under the ticker CSR. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $273.7m and net income of $17.1m. At that date it held total assets of $1.93bn and shareholders' equity of $719.2m.
Centerspace (“we,” “us,” “our,” “Centerspace,” or the “Company”) is a real estate investment trust (“REIT”) organized under the laws of North Dakota that is focused on the ownership, management, acquisition, development, and redevelopment of apartment communities. Our current emphasis is on making operational enhancements that will improve our residents’ experience, redeveloping some of our existing apartment communities to meet current market demands, and acquiring new apartment communities in large, attractive markets, including the Minneapolis/St. Paul, Denver, Boulder/Fort Collins, and Salt Lake City metropolitan areas.
We focus on investing in markets characterized by stable and growing economic conditions, strong employment, and an attractive quality of life that we believe, in combination, lead to higher demand for our apartment homes and retention of our residents. As of December 31, 2025, we owned 61 apartment communities, containing 12,262 homes and having a total real estate investment amount, net of accumulated depreciation, of $1.9 billion. Our corporate headquarters is located in Minot, North Dakota. We also have a corporate office in Minneapolis, Minnesota.
Quoted from its 10-K, filed 17 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Residential REITs
- Listed since
- 17 Oct 1997
- Employees
- 334
- Website
- centerspacehomes.com ↗
- Head office
- 1324 20TH AVE SW, MINOT, ND, 58701
- Incorporated in
- ND
- Classification
- Real Estate Investment Trusts
- Filer status
- Large accelerated filer
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Centerspace owns 61 apartment communities with 12,263 homes across seven states including Colorado and Utah.
- Centerspace has been named a top workplace for six consecutive years by the Minnesota Star Tribune.
- Centerspace was established in 1970 and is based in Minot, North Dakota, with 334 employees.
Weaknesses
- Centerspace operates only in seven states with no presence in major metropolitan areas like New York or Los Angeles.
- Centerspace's apartment communities are limited to 12,263 homes, which is smaller than industry leaders with over 50,000 homes.
- Centerspace has no international operations, focusing solely on the US Midwest region.
Opportunities
- Centerspace can expand into new states such as Texas or Florida to increase its market share.
- Centerspace can leverage its top workplace reputation to attract more skilled employees and improve service quality.
- Centerspace can develop new apartment communities in growing markets like Denver or Salt Lake City.
Threats
- Centerspace faces competition from larger real estate firms operating in all 50 US states.
- Centerspace's reliance on the Midwest market makes it vulnerable to regional economic downturns.
- Centerspace must comply with evolving housing regulations in all seven states where it operates.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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