CSR at a glance
CENTERSPACE (CSR, SEC CIK 798359) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 3, 2026, an 8-K current report on September 23, 2026 and Form 4 insider filings as recently as June 24, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), CENTERSPACE (CSR) reported revenue of $273.7 million (up 4.9% from FY2024) and net income of $17.1 million. Diluted EPS was $1.02.
- As of June 30, 2026, 25 institutional investment managers tracked by SignalX reported holding CENTERSPACE (CSR) shares worth $467.3 million in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by Jones-Tyson Rodney on June 22, 2026 of 1,700 shares at $55.26 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $273.7M
- +4.9% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 25 funds
- $467.3M · −1 vs prior quarter
- Latest 8-K
- Sep 23, 2026
- Item 1.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: REIT focused on ownership, management, acquisition, redevelopment of apartment communities in attractive metro markets like Minneapolis, Denver, Boulder, Salt Lake City
- New emphasis on ESG initiatives and advanced tenant experience improvements, including immersive VR training for maintenance staff via Interplay Learning
- Strategic financing shift: Expanded revolving credit facility accordion by $150M to $400M in May 2025, enhancing borrowing capacity and flexibility
- 2025 portfolio: 61 communities, 12,262 homes with $1.9B net real estate investment; 349 employees with 4.7 years average tenure
- Noteworthy: Team completed over 2,700 volunteer hours and 14,800 training courses, reflecting strengthened focus on social responsibility and staff development
Risk Factors
- FTC lawsuit January 2025 against largest landlord for deceptive fees, risk of similar antitrust inquiry by DOJ or states against CenterSpace
- Apartment operations concentrated in Midwest and Mountain West, vulnerable to regional economic downturns and political unrest including in Minneapolis
- Dependence on short-term leases (generally ≤12 months) exposing rental revenue to market rent declines and eviction restrictions
- Competition from large institutional landlords and alternative housing options limiting property acquisition opportunities and raising acquisition costs
- Key-person risk from senior officers with no long-term contracts except CEO and CFO, risking operational disruption on departures
Management Discussion & Analysis
- Revenue $350M, down 4% YoY from $365M in prior year
- Net operating income margin 58.4% vs 60.2% prior year
- Best segment: Core markets revenue $210M, down 2% YoY
- Worst segment: Secondary markets revenue $140M, down 7% YoY
- Operating cash flow $160M; capital expenditures $45M; dividends paid $55M; share repurchases $30M
- Management forecasts modest market recovery; cautions risk from rising interest rates and supply chain disruptions
AI summary of the CSR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $65.8M, down 4.0% YoY from $68.5M, primarily reflecting prior-year dispositions
- Net loss $1.1M versus $16.8M; net loss per diluted share $0.07 versus $0.87
- Best performer non-same-store and held-for-sale NOI $9.0M, up $2.9M YoY
- Worst performer dispositions NOI $285,000, down $4.0M YoY
- Core FFO $1.27 per diluted share versus $1.28; sold one community for $30.0M and repurchased 45,310 shares at $55.54 each
Risk Factors
- No risk-factors section provided; changes from the latest 10-K cannot be assessed
- Share repurchase authorization: $100.0 million program expires September 30, 2026
- Equity issuance risk: 15,339 unregistered common shares issued upon limited-partner exchange-right exercises
- Capital-allocation risk: 45,310 shares and units repurchased at $55.54 average price in June 2026
- Securities-law compliance: private-placement issuances relied on Securities Act Section 4(a)(2) exemption
AI summary of the CSR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- IRT elected an alternative merger structure, with Centerspace merging into IRT Merger Sub rather than the reverse
- Centerspace becomes a wholly owned IRT subsidiary if the Company Merger closes
Item 7.01: Regulation FD Disclosure
- Proposed Centerspace–IRT transaction remains subject to shareholder approvals, closing conditions, litigation, and potential termination
- Integration, financing, covenant compliance, and transaction-cost risks could delay closing or reduce expected benefits
Item EX-99.1: Item EX-99.1
- All-stock merger creates $8.1B enterprise-value multifamily REIT with 44,354 units across 163 communities
- CSR shareholders receive 3.800 IRT shares per CSR share, with approximately 67.6 million IRT shares or OP units issued
Item 1.01: Entry into a Material Definitive Agreement
- All-stock acquisition by Independence Realty Trust, with each Centerspace share exchanging for 3.8 IRT shares, subject to adjustment
- Centerspace shareholders face ownership conversion into IRT, while Centerspace becomes an IRT subsidiary following closing
Item 8.01: Other Events
- Revolving credit capacity reduced $150 million, from $400 million to $250 million, effective August 28, 2026
- Voluntary termination of accordion option signals lower available liquidity or reduced need for incremental borrowing
AI summaries of CSR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CSR
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Jones-Tyson Rodney | Buy | Jun 22, 2026 | 1,700 | $55.26 |
| Schissel John A | Buy | Jun 18, 2026 | 500 | $54.90 |
| Jones-Tyson Rodney | A | May 13, 2026 | 1,337 | - |
| Patel Bhairav | F | Mar 31, 2026 | 637 | $57.45 |
| Olson Anne | F | Mar 31, 2026 | 2,875 | $57.45 |
| Olson Anne | M | Mar 31, 2026 | 5,492 | - |
| Patel Bhairav | M | Mar 31, 2026 | 1,831 | - |
| Patel Bhairav | M | Mar 31, 2026 | 1,831 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $261.3M | $261.0M | $273.7M |
| Operating Income | $84.5M | $20.5M | $64.5M |
| Net Income | $41.3M | -$11.3M | $17.1M |
| Op. Margin | 32.3% | 7.8% | 23.6% |
| Net Margin | 15.8% | -4.3% | 6.2% |
| Balance Sheet | |||
| Total Assets | $1.9B | $1.9B | $1.9B |
| Equity | - | $653.9M | $719.2M |
| ROE | - | -1.7% | 2.4% |
| Per Share | |||
| EPS | $2.32 | $-1.27 | $1.02 |
| Cash Flow | |||
| Operating CF | $89.5M | $98.2M | $98.5M |
Source: XBRL data in CENTERSPACE (CSR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CSR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 25 | $467.3M |
| Q1 2026 | 26 | $479.2M |
| Q4 2025 | 27 | $565.9M |
| Q3 2025 | 27 | $512.1M |
| Q2 2025 | 30 | $515.7M |
| Q1 2025 | 25 | $370.9M |
| Q4 2024 | 21 | $330.0M |
| Q3 2024 | 19 | $161.7M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 200 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CSR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 23, 2026 | - | - | - |
| 8-K | Sep 23, 2026 | - | Analysis | - |
| 8-K | Sep 9, 2026 | - | Analysis | - |
| 8-K | Aug 26, 2026 | - | Analysis | - |
| 8-K | Aug 14, 2026 | - | Analysis | - |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 10-Q | Aug 3, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 3, 2026 | - | Analysis | - |
| 4 | Jun 24, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 8-K | Jun 1, 2026 | - | Analysis | |
| 8-K | May 15, 2026 | - | Analysis | |
| 4 | May 14, 2026 | - | - | |
| 8-K | May 8, 2026 | - | Analysis | |
| 10-Q | May 4, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 4, 2026 | - | Analysis | - |
| SC 13G | Apr 29, 2026 | - | - | |
| SC 13G | Apr 6, 2026 | - | - | |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| SC 13G | Apr 1, 2026 | - | - | |
| 8-K | Mar 11, 2026 | - | Analysis | - |
| 8-K | Feb 27, 2026 | - | Analysis | - |
| 8-K | Feb 17, 2026 | - | - | |
| 10-K | Feb 17, 2026 | Dec 31, 2025 | Analysis |
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CSR SEC filings: frequently asked questions
Which institutions hold CSR stock?
As of June 30, 2026, the largest CENTERSPACE (CSR) holders among the 13F filers tracked by SignalX were BlackRock ($167.9 million), Vanguard Portfolio Management LLC ($96.4 million), State Street Corp ($54.3 million), Vanguard Capital Management LLC ($41.8 million), Morgan Stanley ($16.5 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CSR's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), CENTERSPACE (CSR) reported revenue of $273.7 million (up 4.9% from FY2024) and net income of $17.1 million. Diluted EPS was $1.02. The figures come from the XBRL data in the 10-K.
What are the main risks in CSR's latest 10-K?
In the 10-K filed February 17, 2026, CENTERSPACE (CSR) flagged: FTC lawsuit January 2025 against largest landlord for deceptive fees, risk of similar antitrust inquiry by DOJ or states against CenterSpace. Apartment operations concentrated in Midwest and Mountain West, vulnerable to regional economic downturns and political unrest including in Minneapolis. (AI summary of the Risk Factors section.)
What did CSR report in its latest 8-K?
CENTERSPACE (CSR) filed an 8-K on September 23, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). IRT elected an alternative merger structure, with Centerspace merging into IRT Merger Sub rather than the reverse.
What are the latest CSR SEC filings?
CENTERSPACE (CSR) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 3, 2026, an 8-K current report on September 23, 2026 and a Form 4 insider filing on June 24, 2026.
What is CSR's SEC CIK number?
CENTERSPACE (CSR)'s SEC Central Index Key (CIK) is 798359. EDGAR lists every CSR filing under that number.
Ask anything about CSR
The research agent reads CSR's filings, financials, insider trades and 13F holders, then answers with sources.