Added to YB: 2026-06-22
Pitch date: 2026-06-18
CSR [neutral]
Centerspace
Author Info
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Company Info
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others.
Market Cap
$935.1M
Pitch Price
N/A
Price Target
N/A
Dividend
5.53%
EV/EBITDA
15.33
P/E
118.65
EV/Sales
7.60
Sector
Residential REITs
Category
special_situation
$CSR: a dozen buildings up for sale, and a special distribution dangled
CSR (overview): ~$1.1B Midwest/Mountain apartment REIT. Self-help over sale: 12 communities (~$245M dispositions) under contract, closing H2 2026, cutting debt $175-190M, leverage 8.2x→sub-7x by Q4'26. Possible $45-65M special dist (conditional) atop $3.08 annual. Risks: deals may break, special dist a maybe, still levered.
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