/
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 exi…
23.58% operating margin is above average. ROIC at 3.04%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 4.9%, steady but not accelerating.
Net debt of $1.01B represents 15.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$272M
▲ +4.9% YoY
Net Income (TTM)
$8M
▲ +251.0% YoY
Op. Margin
20.03%
▲ +15.7pp YoY
ROIC
2.40%
▲ +2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$60M
▲ +54.6% YoY
Op. Cash Flow (TTM)
$94M
▲ +0.2% YoY
Net Debt
$1.01B
Cash & Equiv.
$8M
5Y CAGR: +9.0%
5Y CAGR: +1.5%
Continue Research