For the twelve months ended Sep 30, 2026, D/B/A Centerspace reported $256.99M of revenue and $90.99M of net income.
CSR revenue was $59.52M in fiscal Q3 2026 (ended Sep 30, 2026), down 16.6% from a year earlier and down 9.5% from the prior quarter. For the full fiscal 2025 it was $273.66M, up 4.9% from fiscal 2024. Compound annual growth was +9.0% over 5 years. It rose in 5 of the last 7 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
CSR net income was $123.33M in fiscal Q3 2026 (ended Sep 30, 2026), up 129.3% from a year earlier. For the full fiscal 2025 it was $17.10M, compared with -$11.33M in fiscal 2024. Compound annual growth was +31.0% over 5 years.
CSR diluted EPS was $7.28 in fiscal Q3 2026 (ended Sep 30, 2026), up 128.2% from a year earlier. For the full fiscal 2025 it was $1.02, compared with -$1.27 in fiscal 2024.
CSR free cash flow was -$20.65M in fiscal Q3 2025 (ended Sep 30, 2025). For the full fiscal 2023 it was $89.52M, down 2.6% from fiscal 2022. It rose in 2 of the last 3 fiscal years.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Apr 30, 2017 | Apr 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $273.66M | $260.98M | $261.31M | $256.72M | $201.71M | $177.99M | $185.75M | $121.87M | $160.10M | $145.50M |
| Cost of revenue | $9.64M | $9.13M | $9.35M | $9.89M | $8.75M | $5.80M | $6.19M | - | - | - |
| Gross profit | $264.02M | $251.85M | $251.96M | $246.82M | $192.95M | $172.19M | $179.57M | - | - | - |
| Selling, general and admin | $20.92M | $17.80M | $20.08M | $17.52M | $16.21M | $13.44M | $14.45M | - | $15.87M | $13.50M |
| Operating income | $64.54M | $20.48M | $84.45M | $13.86M | $29.89M | $33.84M | $109.04M | - | -$30.11M | $24.26M |
| Interest expense | $44.88M | $37.28M | $36.43M | $32.75M | $29.08M | $27.52M | $30.54M | - | $34.31M | $28.42M |
| Net income | $17.10M | -$11.33M | $41.33M | -$14.11M | -$29.0K | $4.44M | $78.67M | - | $43.35M | $72.01M |
| EPS, basic | $1.02 | -$1.27 | $2.33 | -$1.35 | -$0.47 | -$0.15 | $6.06 | - | $2.58 | $4.91 |
| EPS, diluted | $1.02 | -$1.27 | $2.32 | -$1.35 | -$0.47 | -$0.15 | $6.00 | - | $2.58 | $4.91 |
| Diluted shares | 16.8M | 15.5M | 17.1M | 15.2M | 13.8M | 12.6M | 13.2M | - | 13.7M | 137.4M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Apr 30, 2017 | Apr 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $12.83M | $13.13M | $8.63M | $11.89M | $38.63M | $7.31M | $46.12M | $19.26M | $56.80M | $71.51M |
| Goodwill | $316.0K | $491.0K | $491.0K | $866.0K | $866.0K | $986.0K | $1.09M | $1.55M | $1.57M | $1.68M |
| Total assets | $1.93B | $1.91B | $1.93B | $2.03B | $1.94B | $1.46B | $1.39B | $1.34B | $1.47B | $1.76B |
| Total debt | $1.02B | $955.38M | $916.02M | $1.01B | $859.78M | - | - | $444.20M | $565.98M | $812.39M |
| Total liabilities | $1.08B | $1.01B | $978.78M | $1.07B | $918.45M | $774.80M | $695.96M | $686.58M | $831.24M | $1.03B |
| Shareholders' equity | $719.16M | $882.44M | $931.02M | $950.30M | $996.28M | $672.82M | $679.90M | $643.45M | $636.16M | $718.26M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Apr 30, 2017 | Apr 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $98.45M | $98.25M | $89.52M | $91.99M | $84.03M | $61.23M | $69.62M | - | $79.05M | $72.26M |
| Capital expenditures | - | - | $0 | $122.0K | $1.26M | $1.68M | - | - | - | - |
| Free cash flow | - | - | $89.52M | $91.87M | $82.76M | $59.55M | - | - | - | - |
| Investing cash flow | -$26.87M | -$50.72M | $120.21M | -$160.09M | -$267.23M | -$164.97M | $7.01M | - | $224.16M | $128.55M |
| Financing cash flow | -$69.06M | -$43.67M | -$212.35M | $41.37M | $214.51M | $64.93M | -$49.77M | - | -$317.92M | -$189.34M |
| Dividends paid | $51.08M | $45.79M | $43.74M | $44.46M | $38.49M | $35.05M | $32.89M | - | $55.91M | $60.06M |
| Share repurchases | $3.45M | $4.70M | $11.54M | $29.06M | $0 | $0 | $18.02M | - | $4.50M | $35.00M |
| Stock-based compensation | $3.44M | $3.01M | $3.29M | $2.62M | $2.69M | $2.11M | $1.91M | - | $6.0K | $2.26M |
| Depreciation and amortization | $114.64M | $107.65M | $103.17M | $106.21M | $93.11M | $76.60M | $75.41M | - | $46.13M | $41.10M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Apr 30, 2017 | Apr 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 4.9% | -0.1% | 1.8% | 27.3% | 13.3% | -4.2% | 52.4% | -23.9% | 10.0% | -18.9% |
| Net income growth, YoY | - | - | - | - | - | -94.4% | - | - | -39.8% | 198.9% |
| EPS growth, YoY | - | - | - | - | - | - | - | - | - | 4363.6% |
| Gross margin | 96.5% | 96.5% | 96.4% | 96.1% | 95.7% | 96.7% | 96.7% | - | - | - |
| Operating margin | 23.6% | 7.8% | 32.3% | 5.4% | 14.8% | 19.0% | 58.7% | - | -18.8% | 16.7% |
| Net margin | 6.2% | -4.3% | 15.8% | -5.5% | -0.0% | 2.5% | 42.4% | - | 27.1% | 49.5% |
| Free cash flow margin | - | - | 34.3% | 35.8% | 41.0% | 33.5% | - | - | - | - |
| Return on equity | 2.4% | -1.3% | 4.4% | -1.5% | -0.0% | 0.7% | 11.6% | - | 6.8% | 10.0% |
| Return on assets | 0.9% | -0.6% | 2.1% | -0.7% | -0.0% | 0.3% | 5.6% | - | 2.9% | 4.1% |
| Debt to equity | 1.42 | 1.08 | 0.98 | 1.06 | 0.86 | - | - | 0.69 | 0.89 | 1.13 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.52M | $65.78M | $65.07M | $66.62M | $71.40M | $68.55M | $67.09M | $66.41M | $65.03M | $65.04M | $64.51M | $64.07M |
| Cost of revenue | $1.99M | $2.09M | $2.38M | $2.32M | $2.49M | $2.39M | $2.43M | $2.33M | $2.24M | $2.22M | $2.33M | $2.34M |
| Gross profit | $57.53M | $63.69M | $62.69M | $64.30M | $68.91M | $66.16M | $64.66M | $64.08M | $62.78M | $62.82M | $62.18M | $61.73M |
| Selling, general and admin | $5.00M | $5.66M | $6.33M | $6.54M | $5.00M | $4.38M | $5.00M | $4.86M | $4.10M | $4.22M | $4.62M | $4.36M |
| Operating income | $151.47M | $8.78M | -$5.39M | -$10.62M | $77.21M | -$6.80M | $4.75M | $2.86M | $6.35M | $7.19M | $4.08M | -$1.50M |
| Interest expense | $8.41M | $10.62M | $10.47M | $11.54M | $12.99M | $10.72M | $9.63M | $9.79M | $8.95M | $9.33M | $9.21M | $8.91M |
| Net income | $123.33M | -$1.02M | -$12.89M | -$18.43M | $53.78M | -$14.52M | -$3.73M | -$5.08M | -$1.05M | -$1.30M | -$3.90M | -$8.16M |
| EPS, basic | $7.32 | -$0.07 | -$0.77 | - | $3.22 | -$0.87 | -$0.22 | -$0.31 | -$0.40 | -$0.19 | -$0.37 | -$0.64 |
| EPS, diluted | $7.28 | -$0.07 | -$0.77 | - | $3.19 | -$0.87 | -$0.22 | -$0.31 | -$0.40 | -$0.19 | -$0.37 | -$0.62 |
| Diluted shares | 16.9M | 16.8M | 16.8M | - | 19.8M | 16.7M | 16.7M | - | 15.5M | 15.0M | 14.9M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $116.23M | $8.56M | $7.55M | $12.83M | $12.90M | $12.38M | $11.92M | $13.13M | $14.45M | $14.33M | $12.68M | $8.63M |
| Goodwill | - | - | - | $316.0K | - | - | - | $491.0K | - | - | - | $491.0K |
| Total assets | $1.79B | $1.84B | $1.89B | $1.93B | $2.10B | $2.01B | $1.89B | $1.91B | $1.89B | $1.90B | $1.90B | $1.93B |
| Total debt | $812.61M | $989.58M | $1.02B | $1.02B | $1.14B | $1.11B | $955.45M | $955.38M | $921.27M | $931.68M | $929.08M | $916.02M |
| Total liabilities | $866.65M | $1.04B | $1.07B | $1.08B | $1.21B | $1.17B | $1.01B | $1.01B | $982.27M | $984.57M | $979.83M | $978.78M |
| Shareholders' equity | $792.75M | $792.01M | $810.14M | $719.16M | $880.98M | $833.58M | $863.44M | $882.44M | $888.58M | $898.30M | $907.09M | $931.02M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $20.65M | $22.70M | $21.42M | $12.71M | $35.05M | $25.27M | $25.43M | $18.66M | $32.32M | $22.86M | $24.40M | $12.10M |
| Capital expenditures | - | - | - | - | $55.70M | $149.00M | $0 | - | - | - | - | - |
| Free cash flow | - | - | - | - | -$20.65M | -$123.73M | $25.43M | - | - | - | - | - |
| Investing cash flow | $280.57M | $21.96M | -$5.02M | $80.15M | $57.45M | -$159.58M | -$4.88M | -$10.26M | -$12.04M | -$19.38M | -$9.03M | -$65.16M |
| Financing cash flow | -$192.58M | -$44.48M | -$21.79M | -$143.05M | -$44.85M | $134.45M | -$15.61M | -$12.53M | -$18.44M | -$1.81M | -$10.89M | $10.13M |
| Dividends paid | $12.94M | $12.93M | $12.90M | $12.86M | $12.90M | $12.88M | $12.44M | $12.41M | $11.28M | $11.17M | $10.92M | $10.96M |
| Share repurchases | $0 | - | - | $0 | $3.45M | $0 | $0 | $0 | $0 | $0 | $4.70M | $4.82M |
| Stock-based compensation | $1.11M | $1.08M | $1.09M | $881.0K | $873.0K | $833.0K | $858.0K | $769.0K | $764.0K | $732.0K | $749.0K | $583.0K |
| Depreciation and amortization | $23.13M | $25.07M | $26.85M | $29.79M | $29.06M | $27.10M | $27.97M | $27.95M | $26.08M | $25.71M | $27.30M | $26.91M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -16.6% | -4.0% | -3.0% | 0.3% | 9.8% | 5.4% | 4.0% | 3.7% | 0.7% | 0.4% | -5.0% | -5.6% |
| Net income growth, YoY | 129.3% | - | - | - | - | - | - | - | - | - | - | - |
| EPS growth, YoY | 128.2% | - | - | - | - | - | - | - | - | - | - | - |
| Gross margin | 96.7% | 96.8% | 96.3% | 96.5% | 96.5% | 96.5% | 96.4% | 96.5% | 96.6% | 96.6% | 96.4% | 96.3% |
| Operating margin | 254.5% | 13.4% | -8.3% | -15.9% | 108.1% | -9.9% | 7.1% | 4.3% | 9.8% | 11.1% | 6.3% | -2.3% |
| Net margin | 207.2% | -1.6% | -19.8% | -27.7% | 75.3% | -21.2% | -5.6% | -7.6% | -1.6% | -2.0% | -6.1% | -12.7% |
| Free cash flow margin | - | - | - | - | -28.9% | -180.5% | 37.9% | - | - | - | - | - |
| Debt to equity | 1.03 | 1.25 | 1.25 | 1.42 | 1.30 | 1.33 | 1.11 | 1.08 | 1.04 | 1.04 | 1.02 | 0.98 |
Source: XBRL data D/B/A Centerspace files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| CSR | $256.99M | -6.0% | $90.99M | 35.4% | $967.5M |
| WELL | $13.79B | +39.2% | $1.67B | 12.1% | $181.46B |
| PLD | $8.95B | +6.7% | $3.71B | 41.5% | $124.09B |
| EQIX | $10.06B | +11.1% | $1.65B | 16.4% | $104.38B |
| AMT | $11.01B | +5.3% | $3.31B | 30.1% | $87.65B |
| SPG | $7.15B | +16.2% | $4.51B | 63.0% | $75.39B |
| DLR | $6.34B | +12.6% | $1.38B | 21.7% | $68.13B |
| PSA | $5.03B | +5.2% | $1.90B | 37.8% | $63.18B |
| O | $6.21B | +10.8% | $1.36B | 21.8% | $56.58B |