Centerspace (NYSE: CSR) owns the apartments flyover country forgot to institutionalize: Minneapolis, Fargo, Omaha, Rapid City, Denver, secondary Midwest and Mountain markets where supply stays rational because nobody builds spec towers in Bismarck.
| Centerspace (CSR) Snapshot | |
|---|---|
| Share Price (delayed) | $55.70 -0.13% |
| Market Cap | $937M |
| Annualized Dividend | $3.08 (Quarterly) |
| Dividend Yield | 5.52% |
| Sector | Residential ยท Midwest Apartments |
Market data updates automatically several times daily. Last price refresh: Jul 14, 2026.
Business Model
The quiet thesis: Midwest markets never boom, so they rarely bust, and Centerspace’s markets dodged the Sunbelt supply wave entirely, printing steady low-single-digit growth while Austin drowned in deliveries. Portfolio upgrading (selling oldest assets, buying newer in Denver and Minneapolis) has slowly lifted quality.
The Honest Risk Section
Slow markets cap the upside as reliably as they cushion the downside, Minneapolis regulatory politics (rent control initiatives) is a live watch item, and small scale keeps G&A heavy and the acquisition currency weak. A steady C+ business graded exactly there.
Frequently Asked Questions
Where does Centerspace own apartments?
Minneapolis and secondary Midwest/Mountain markets, Fargo, Omaha, Rapid City, Denver, geographies with structurally limited new supply.
Is CSR’s dividend safe?
Coverage is adequate with the steady cash flows its low-volatility markets produce; growth is modest by geographic design.
Analysis reflects disclosures through Q1 2026. Live market data updates automatically. Independent research, not investment advice.