Centerspace
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 September 30, 2025, Centerspace owned 68 apartment communities consisting of 12,941 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. Centerspace was named a top workplace for the… Read more
Centerspace (CSR) - Net Assets
Latest net assets as of September 2025: $886.92 Million USD
Based on the latest financial reports, Centerspace (CSR) has net assets worth $886.92 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.10 Billion) and total liabilities ($1.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $886.92 Million |
| % of Total Assets | 42.28% |
| Annual Growth Rate | 11.52% |
| 5-Year Change | 30.41% |
| 10-Year Change | 21.33% |
| Growth Volatility | 17.55 |
Centerspace - Net Assets Trend (1995–2024)
This chart illustrates how Centerspace's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Centerspace (1995–2024)
The table below shows the annual net assets of Centerspace from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $899.00 Million | -5.13% |
| 2023-12-31 | $947.59 Million | -1.99% |
| 2022-12-31 | $966.86 Million | -5.36% |
| 2021-12-31 | $1.02 Billion | +48.19% |
| 2020-12-31 | $689.38 Million | -1.02% |
| 2019-12-31 | $696.46 Million | +1.30% |
| 2017-12-31 | $687.50 Million | +8.08% |
| 2016-12-31 | $636.09 Million | -11.44% |
| 2015-12-31 | $718.26 Million | -3.06% |
| 2014-12-31 | $740.95 Million | +2.83% |
| 2013-12-31 | $720.55 Million | -5.36% |
| 2012-12-31 | $761.38 Million | +39.63% |
| 2011-12-31 | $545.28 Million | -1.77% |
| 2010-12-31 | $555.12 Million | +12.11% |
| 2008-12-31 | $495.14 Million | -4.68% |
| 2007-12-31 | $519.43 Million | +26.64% |
| 2006-12-31 | $410.18 Million | -0.97% |
| 2005-12-31 | $414.20 Million | +6.85% |
| 2004-12-31 | $387.64 Million | +25.30% |
| 2003-12-31 | $309.36 Million | +31.72% |
| 2002-12-31 | $234.86 Million | +29.59% |
| 2001-12-31 | $181.24 Million | +24.96% |
| 2000-12-31 | $145.04 Million | +44.66% |
| 1999-12-31 | $100.26 Million | +31.16% |
| 1998-12-31 | $76.44 Million | +27.41% |
| 1997-12-31 | $60.00 Million | +18.31% |
| 1996-12-31 | $50.71 Million | +33.12% |
| 1995-12-31 | $38.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Centerspace's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 61177555700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.27 Billion | 189.35% |
| Other Comprehensive Income | $-407.00K | -0.06% |
| Other Components | $16.56 Million | 2.47% |
| Total Equity | $670.46 Million | 100.00% |
Centerspace Competitors by Market Cap
The table below lists competitors of Centerspace ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Robertet SA
PINK:RBTEF
|
$999.28 Million |
|
REalloys Inc.
NASDAQ:ALOY
|
$999.45 Million |
|
Strathcona Resources Ltd.
PINK:STHRF
|
$999.67 Million |
|
Primax Electronics Ltd
TW:4915
|
$999.75 Million |
|
Miracle Automation Engineering
SHE:002009
|
$998.92 Million |
|
Thinkon Semiconductor Jinzhou Corp
SHG:688233
|
$998.86 Million |
|
NLC India Limited
NSE:NLCINDIA
|
$997.91 Million |
|
American Assets Trust Inc
NYSE:AAT
|
$997.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Centerspace's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 726,392,000 to 670,460,000, a change of -55,932,000 (-7.7%).
- Net loss of 10,688,000 reduced equity.
- Dividend payments of 51,250,000 reduced retained earnings.
- Share repurchases of 4,703,000 reduced equity.
- New share issuances of 112,071,000 increased equity.
- Other comprehensive income increased equity by 712,000.
- Other factors decreased equity by 102,074,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.69 Million | -1.59% |
| Dividends Paid | $51.25 Million | -7.64% |
| Share Repurchases | $4.70 Million | -0.7% |
| Share Issuances | $112.07 Million | +16.72% |
| Other Comprehensive Income | $712.00K | +0.11% |
| Other Changes | $-102.07 Million | -15.22% |
| Total Change | $- | -7.70% |
Book Value vs Market Value Analysis
This analysis compares Centerspace's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.65x to 1.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $36.45 | $60.18 | x |
| 1996-12-31 | $41.78 | $60.18 | x |
| 1997-12-31 | $43.10 | $60.18 | x |
| 1998-12-31 | $43.49 | $60.18 | x |
| 1999-12-31 | $49.64 | $60.18 | x |
| 2000-12-31 | $52.42 | $60.18 | x |
| 2001-12-31 | $51.99 | $60.18 | x |
| 2002-12-31 | $57.68 | $60.18 | x |
| 2003-12-31 | $66.63 | $60.18 | x |
| 2004-12-31 | $71.09 | $60.18 | x |
| 2005-12-31 | $69.70 | $60.18 | x |
| 2006-12-31 | $53.67 | $60.18 | x |
| 2007-12-31 | $46.95 | $60.18 | x |
| 2008-12-31 | $41.84 | $60.18 | x |
| 2010-12-31 | $45.54 | $60.18 | x |
| 2011-12-31 | $41.68 | $60.18 | x |
| 2012-12-31 | $53.50 | $60.18 | x |
| 2013-12-31 | $46.62 | $60.18 | x |
| 2014-12-31 | $48.45 | $60.18 | x |
| 2015-12-31 | $45.58 | $60.18 | x |
| 2016-12-31 | $46.29 | $60.18 | x |
| 2017-12-31 | $45.57 | $60.18 | x |
| 2019-12-31 | $48.22 | $60.18 | x |
| 2020-12-31 | $50.52 | $60.18 | x |
| 2021-12-31 | $50.77 | $60.18 | x |
| 2022-12-31 | $49.03 | $60.18 | x |
| 2023-12-31 | $42.43 | $60.18 | x |
| 2024-12-31 | $43.24 | $60.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Centerspace utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.10%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.85x
- Recent ROE (-1.59%) is below the historical average (5.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 10.42% | 28.13% | 0.15x | 2.49x | $161.69K |
| 1996 | 9.09% | 24.72% | 0.14x | 2.59x | $-459.22K |
| 1997 | 6.50% | 16.35% | 0.13x | 3.12x | $-2.10 Million |
| 1998 | 7.36% | 15.47% | 0.14x | 3.30x | $-1.80 Million |
| 1999 | 8.86% | 19.04% | 0.14x | 3.40x | $-974.19K |
| 2000 | 8.01% | 15.89% | 0.13x | 3.94x | $-2.18 Million |
| 2001 | 7.31% | 11.47% | 0.13x | 4.79x | $-3.20 Million |
| 2002 | 7.28% | 11.40% | 0.13x | 5.02x | $-3.96 Million |
| 2003 | 5.70% | 10.28% | 0.13x | 4.12x | $-9.23 Million |
| 2004 | 3.39% | 6.72% | 0.13x | 3.86x | $-18.42 Million |
| 2005 | 5.11% | 9.64% | 0.14x | 3.90x | $-14.44 Million |
| 2006 | 3.99% | 6.69% | 0.14x | 4.17x | $-17.39 Million |
| 2007 | 3.50% | 5.47% | 0.14x | 4.69x | $-22.41 Million |
| 2008 | 2.55% | 3.55% | 0.15x | 4.81x | $-24.87 Million |
| 2010 | 0.98% | 1.65% | 0.15x | 4.06x | $-36.95 Million |
| 2011 | 4.88% | 8.46% | 0.15x | 3.92x | $-21.09 Million |
| 2012 | 4.17% | 9.84% | 0.14x | 3.08x | $-35.75 Million |
| 2013 | -2.22% | -4.96% | 0.14x | 3.16x | $-72.39 Million |
| 2014 | 3.69% | 11.78% | 0.10x | 3.06x | $-41.12 Million |
| 2015 | 11.64% | 38.24% | 0.11x | 2.84x | $10.13 Million |
| 2016 | 7.73% | 21.07% | 0.14x | 2.63x | $-12.75 Million |
| 2017 | 19.04% | 68.80% | 0.12x | 2.33x | $55.45 Million |
| 2019 | 7.66% | 26.20% | 0.13x | 2.19x | $-14.89 Million |
| 2020 | 0.80% | 2.85% | 0.12x | 2.31x | $-58.40 Million |
| 2021 | 0.08% | 0.30% | 0.10x | 2.43x | $-79.13 Million |
| 2022 | -1.81% | -5.25% | 0.13x | 2.73x | $-88.08 Million |
| 2023 | 5.78% | 16.06% | 0.14x | 2.65x | $-30.67 Million |
| 2024 | -1.59% | -4.10% | 0.14x | 2.85x | $-77.73 Million |
Industry Comparison
This section compares Centerspace's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,567,460,600
- Average return on equity (ROE) among peers: 0.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Centerspace (CSR) | $886.92 Million | 10.42% | 1.37x | $998.97 Million |
| Apartment Investment and Management Co (AIV) | $1.90 Billion | 3.39% | 1.24x | $560.76 Million |
| American Homes 4 Rent (AMH) | $3.47 Million | -1.21% | 0.01x | $9.13 Billion |
| Altarea SCA (ATRRF) | $807.10 Million | -58.59% | 3.65x | $599.60 Million |
| AvalonBay Communities Inc (AVB) | $10.99 Billion | 7.15% | 0.74x | $22.59 Billion |
| Bluerock Homes Trust Inc. (BHM) | $461.97 Million | 7.43% | 0.17x | $26.77 Million |
| Boardwalk Real Estate Investment Trust (BOWFF) | $8.10 Million | 4.94% | 13.70x | $1.81 Billion |
| BRT Realty Trust (BRT) | $132.06 Million | 9.09% | 0.50x | $165.50 Million |
| BSR Real Estate Investment Trust (BSRTF) | $975.75 Million | 23.29% | 1.11x | $404.42 Million |
| Canadian Apartment Properties REIT (CDPYF) | $204.11 Million | 8.76% | 1.59x | $4.34 Billion |
| Clipper Realty Inc (CLPR) | $185.59 Million | -1.27% | 4.67x | $39.85 Million |