# D/B/A Centerspace (CSR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Real Estate Management & Development. Price $52.90, market value $936 million.

## Valuation
- **P/E (trailing): 41.3×** (5-yr avg 42.9×, 3-yr avg 42.9×). D/B/A Centerspace trades at 41.3× trailing earnings, close to its own five-year average of 42.9×. The Real Estate median in the September 2026 study was 25.2×.
- **Price / sales: 3.5×**. Each dollar of revenue is priced at 3.5×.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.7×**. Enterprise value is 10.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Earnings yield: 2.4%**. The inverse of the P/E: 2.4% of the price is earned each year.

## Profitability
- **Operating margin: 26.0%**. 26.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 6.2%**. 6.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.4%**. 2.4% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 3.2%**. Return on all capital, debt included, is 3.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.1%**. Each dollar of assets produces 1.1% of profit.

## Growth
- **Revenue growth (1 yr): 4.9%** (3-yr 2.2%/yr, 5-yr 9.0%/yr). Revenue grew 4.9% over the last year, against 9.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 180.3%**. Earnings per share rose 180.3%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.42**. Debt is 1.42 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 5.6×**. It would take 5.6 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 1.30**. A Z-score of 1.30 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.82%** ($3.08 per share, trailing). D/B/A Centerspace yields 5.82%, an income-level yield.
- **Payout ratio: 299%**. The dividend exceeds earnings (299% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 8**. 8 straight years of increases.
- **Dividend growth (5 yr): 1.9%/yr** (1-yr 2.7%). The dividend has grown 1.9% a year over five years.

## Analyst view
- **Analyst consensus: hold** (7 analysts). 7 analysts cover D/B/A Centerspace; the consensus is hold, with an average price target of $62.64 (+18% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -6.6%** (YTD -18.5%, 3-mo -9.5%). The shares are down 6.6% over twelve months including dividends.
- **From 52-week high: -24.0%** (1.7% above the low). Trading 24% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): 0.09** (volatility 27%). Beta of 0.09 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CSR · Page: https://foliofundamentals.com/stocks/csr

Not investment advice.