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Upturn AI SWOT - About
Centerspace (CSR)
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Upturn Advisory Summary
03/27/2025: CSR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -17.38% | Avg. Invested days 33 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.14B USD | Price to earnings Ratio - | 1Y Target Price 72.95 |
Price to earnings Ratio - | 1Y Target Price 72.95 | ||
Volume (30-day avg) 85554 | Beta 0.93 | 52 Weeks Range 52.67 - 74.16 | Updated Date 04/2/2025 |
52 Weeks Range 52.67 - 74.16 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 4.79% | Basic EPS (TTM) -1.27 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -4.09% | Operating Margin (TTM) 7.9% |
Management Effectiveness
Return on Assets (TTM) 0.79% | Return on Equity (TTM) -1.54% |
Valuation
Trailing PE - | Forward PE 769.23 | Enterprise Value 2035602260 | Price to Sales(TTM) 4.36 |
Enterprise Value 2035602260 | Price to Sales(TTM) 4.36 | ||
Enterprise Value to Revenue 7.8 | Enterprise Value to EBITDA 15.57 | Shares Outstanding 16726600 | Shares Floating 16580069 |
Shares Outstanding 16726600 | Shares Floating 16580069 | ||
Percent Insiders 0.88 | Percent Institutions 86.47 |
Analyst Ratings
Rating 3.4 | Target Price - | Buy 2 | Strong Buy 1 |
Buy 2 | Strong Buy 1 | ||
Hold 7 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Centerspace
Company Overview
History and Background
Centerspace, formerly known as Investors Real Estate Trust (IRET), was founded in 1970. It initially focused on commercial real estate before transitioning to a focus on multifamily properties, primarily in the Midwest and Mountain West regions of the United States. The company rebranded as Centerspace in 2021 to reflect its strategic shift and commitment to community building.
Core Business Areas
- Multifamily Residential: Centerspace owns, manages, acquires, and redevelops apartment communities. These properties are targeted towards middle-income renters in secondary markets.
Leadership and Structure
Mark O. Decker, Jr. serves as the Chief Executive Officer. The company operates with a traditional corporate structure, including a Board of Trustees and executive management team responsible for overseeing strategy, operations, and financial performance.
Top Products and Market Share
Key Offerings
- Apartment Communities: Centerspace owns and operates apartment communities in various markets. Market share data is difficult to pinpoint specifically for Centerspace due to fragmented nature of the secondary markets where they operate. Competitors include national REITs like AvalonBay Communities and Equity Residential, as well as regional players in their target markets. Revenue comes primarily from rental income.
Market Dynamics
Industry Overview
The multifamily residential market is influenced by factors such as population growth, employment rates, interest rates, and housing affordability. Currently, there's high demand, increasing rents. Interest rate hikes create uncertainty. Supply chain disruptions can impact development costs.
Positioning
Centerspace focuses on secondary markets in the Midwest and Mountain West regions, targeting middle-income renters. This differentiates them from REITs that primarily focus on major metropolitan areas, giving them a competitive advantage of a less cyclical market and smaller competition.
Total Addressable Market (TAM)
The total US multifamily housing market is estimated to be worth billions of dollars. Centerspace, with its focus on secondary markets, is positioned to capture a portion of this TAM by providing housing options in underserved areas. The National Multifamily Housing Council (NMHC) releases reports detailing market size and trends.
Upturn SWOT Analysis
Strengths
- Focus on stable secondary markets
- Strong management team
- High occupancy rates in existing portfolio
- Proven track record of property management
Weaknesses
- Geographic concentration (Midwest and Mountain West)
- Smaller scale compared to national REITs
- Vulnerability to regional economic downturns
- Limited brand recognition outside of core markets
Opportunities
- Expansion into new secondary markets
- Strategic acquisitions of existing properties
- Development of new apartment communities
- Increased focus on value-add renovations
Threats
- Rising interest rates
- Economic recession
- Increased competition from new developments
- Changes in government regulations
Competitors and Market Share
Key Competitors
- AVB
- EQR
- MAA
- UDR
Competitive Landscape
Centerspace's competitive advantage lies in its focus on underserved secondary markets. However, it faces competition from larger, more diversified REITs with greater access to capital and brand recognition.
Major Acquisitions
Thrive Communities Portfolio
- Year: 2021
- Acquisition Price (USD millions): 326.4
- Strategic Rationale: Expanded Centerspace's presence in the Denver and Salt Lake City markets, adding 1,280 apartment homes to the portfolio.
Growth Trajectory and Initiatives
Historical Growth: Centerspace's historical growth has been driven by acquisitions, property development, and organic rent growth. The pace of growth has been influenced by market conditions and capital availability.
Future Projections: Analyst estimates suggest continued growth for Centerspace, driven by strong demand for apartments in its target markets. Projections may vary depending on economic factors.
Recent Initiatives: Recent strategic initiatives include acquisitions of properties in new markets, renovations to existing properties, and implementation of technology solutions to improve operational efficiency.
Summary
Centerspace is a real estate investment trust focused on multifamily properties in secondary markets. The company benefits from stable demand and limited competition in these areas, but it faces challenges related to geographic concentration and smaller scale. Recent strategic initiatives, including acquisitions and renovations, are aimed at driving future growth. Monitoring interest rate changes and overall economy is crucial.
Similar Companies
AVB
AvalonBay Communities Inc
AVB
AvalonBay Communities Inc
EQR
Equity Residential
EQR
Equity Residential
MAA
Mid-America Apartment Communities Inc
MAA
Mid-America Apartment Communities Inc
NXRT
Nexpoint Residential Trust Inc
NXRT
Nexpoint Residential Trust Inc
UDR
UDR Inc
UDR
UDR Inc
Sources and Disclaimers
Data Sources:
- Centerspace Investor Relations
- SEC Filings
- National Multifamily Housing Council (NMHC)
Disclaimers:
This analysis is based on publicly available information and does not constitute financial advice. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Centerspace
Exchange NYSE | Headquaters Minot, ND, United States | ||
IPO Launch date 1997-10-17 | President, CEO, Secretary & Executive Trustee Ms. Anne M. Olson Esq. | ||
Sector Real Estate | Industry REIT - Residential | Full time employees 374 | Website https://www.centerspacehomes.com |
Full time employees 374 | Website https://www.centerspacehomes.com | ||
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of December 31, 2024, Centerspace owned 71 apartment communities consisting of 13,012 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a top workplace for the fifth consecutive year in 2024 by the Minneapolis Star Tribune.
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