(CSR) Centerspace - Ratings and Ratios

Centerspace, a North Dakota-based real estate investment trust, specializes in multifamily residential properties, particularly in the Midwest. As of March 31, 2024, they own 70 communities with 12,883 units, emphasizing stability through a focus on workforce housing.

Their strategy involves acquiring, redeveloping, and developing properties to enhance value. This approach is tailored to mid-sized markets which often see steady demand for rental housing, balancing growth and risk management.

With a market cap of $975.34M, Centerspace operates at a P/S ratio of 3.73 and P/B of 1.43, reflecting moderate valuation levels. The absence of a forward P/E suggests limited guidance, typical for smaller REITs focused on internal growth.

As a smaller player, Centerspace may offer less diversification but could provide focused growth opportunities in specific markets. Their concentration on the Midwest targets areas with lower volatility, appealing to investors seeking stable returns in multifamily housing.