Centerspace (CSR) - Net Assets
Based on the latest financial reports, Centerspace (CSR) has net assets worth $816.08 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.89 Billion) and total liabilities ($1.07 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. Check CSR goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $816.08 Million |
| % of Total Assets | 43.23% |
| Annual Growth Rate | 10.89% |
| 5-Year Change | -17.21% |
| 10-Year Change | 17.75% |
| Growth Volatility | 17.62 |
Centerspace - Net Assets Trend (1995–2025)
This chart illustrates how Centerspace's net assets have evolved over time, based on quarterly financial data. See how many days can Centerspace fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Centerspace (1995–2025)
The table below shows the annual net assets of Centerspace from 1995 to 2025. For live valuation and market cap data, see CSR company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $845.76 Million | -5.92% |
| 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 64621155700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.37 Billion | 188.78% |
| Other Comprehensive Income | $-649.68 Million | -89.60% |
| Other Components | $655.62 Million | 90.42% |
| Total Equity | $725.10 Million | 100.00% |
Centerspace Competitors by Market Cap
The table below lists competitors of Centerspace ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiamen International Airport Co Ltd
SHG:600897
|
$922.48 Million |
|
NB Bancorp, Inc. Common Stock
NASDAQ:NBBK
|
$922.73 Million |
|
Jiangsu Asia Pacific Light Alloy Technology Co Ltd
SHE:002540
|
$922.73 Million |
|
Foshan Electrical and Lighting Co Ltd
SHE:000541
|
$923.11 Million |
|
Yunnan Hongxiang Yixintang
SHE:002727
|
$922.05 Million |
|
Vitec Software Group AB (publ)
ST:VIT-B
|
$922.01 Million |
|
Seegene Inc
KQ:096530
|
$921.88 Million |
|
United Fire Group Inc
NASDAQ:UFCS
|
$921.83 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 2024 to 2025, total equity changed from 670,460,000 to 725,096,000, a change of 54,636,000 (8.1%).
- Net income of 17,587,000 contributed positively to equity growth.
- Dividend payments of 51,562,000 reduced retained earnings.
- Share repurchases of 4,627,000 reduced equity.
- Other comprehensive income decreased equity by 649,271,000.
- Other factors increased equity by 742,509,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.59 Million | +2.43% |
| Dividends Paid | $51.56 Million | -7.11% |
| Share Repurchases | $4.63 Million | -0.64% |
| Other Comprehensive Income | $-649.27 Million | -89.54% |
| Other Changes | $742.51 Million | +102.4% |
| Total Change | $- | 8.15% |
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: 1.27x
- 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 1.51x to 1.27x 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 | $54.89 | x |
| 1996-12-31 | $41.78 | $54.89 | x |
| 1997-12-31 | $43.10 | $54.89 | x |
| 1998-12-31 | $43.49 | $54.89 | x |
| 1999-12-31 | $49.64 | $54.89 | x |
| 2000-12-31 | $52.42 | $54.89 | x |
| 2001-12-31 | $51.99 | $54.89 | x |
| 2002-12-31 | $57.68 | $54.89 | x |
| 2003-12-31 | $66.63 | $54.89 | x |
| 2004-12-31 | $71.09 | $54.89 | x |
| 2005-12-31 | $69.70 | $54.89 | x |
| 2006-12-31 | $53.67 | $54.89 | x |
| 2007-12-31 | $46.95 | $54.89 | x |
| 2008-12-31 | $41.84 | $54.89 | x |
| 2010-12-31 | $45.54 | $54.89 | x |
| 2011-12-31 | $41.68 | $54.89 | x |
| 2012-12-31 | $53.50 | $54.89 | x |
| 2013-12-31 | $46.62 | $54.89 | x |
| 2014-12-31 | $48.45 | $54.89 | x |
| 2015-12-31 | $45.58 | $54.89 | x |
| 2016-12-31 | $46.29 | $54.89 | x |
| 2017-12-31 | $45.57 | $54.89 | x |
| 2019-12-31 | $48.22 | $54.89 | x |
| 2020-12-31 | $50.52 | $54.89 | x |
| 2021-12-31 | $50.77 | $54.89 | x |
| 2022-12-31 | $49.03 | $54.89 | x |
| 2023-12-31 | $42.43 | $54.89 | x |
| 2024-12-31 | $43.24 | $54.89 | x |
| 2025-12-31 | $43.22 | $54.89 | 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): 2.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.98%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.66x
- Recent ROE (2.43%) is below the historical average (5.25%), 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 |
| 2025 | 2.43% | 4.98% | 0.18x | 2.66x | $-54.92 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: $2,553,451,222
- Average return on equity (ROE) among peers: 7.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Centerspace (CSR) | $816.08 Million | 10.42% | 1.31x | $922.32 Million |
| Apartment Investment and Management Co (AIV) | $1.75 Billion | 1.71% | 5.06x | $417.18 Million |
| American Homes 4 Rent (AMH) | $4.94 Billion | 0.14% | 0.64x | $11.79 Billion |
| AvalonBay Communities Inc (AVB) | $10.94 Billion | 9.18% | 0.82x | $24.99 Billion |
| Bluerock Homes Trust Inc. (BHM) | $491.99 Million | -0.20% | 0.34x | $36.64 Million |
| BRT Realty Trust (BRT) | $250.07 Million | 19.98% | 1.93x | $275.94 Million |
| Clipper Realty Inc (CLPR) | $37.20 Million | 14.08% | 19.62x | $50.73 Million |
| Camden Property Trust (CPT) | $1.83 Billion | 3.08% | 1.53x | $10.84 Billion |
| Elme Communities (ELME) | $1.26 Billion | -2.44% | 0.48x | $178.60 Million |
| Equity Lifestyle Properties Inc (ELS) | $1.49 Billion | 17.66% | 2.57x | $12.18 Billion |
About Centerspace
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. 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… Read more