AlphaMadera's AlphaVal page computes Centerspace's fair value using a multi-method blend (DCF, comparable-multiples, and Graham-style intrinsic value), then compares it to the current market price to flag CSR as undervalued, fairly valued, or overvalued.

What is Centerspace's fair value?

Fair value for CSR is a model output combining discounted cash flow projections, peer-group multiples, and a Graham number floor. The live AlphaVal page shows the blended fair value alongside each method's individual estimate.

How does AlphaMadera value CSR?

AlphaVal uses three primary techniques: a five-year discounted-cash-flow projection with terminal multiple, peer-group multiple analysis (P/E, EV/EBITDA, P/S), and Graham's defensive-investor intrinsic-value formula. Inputs come from CSR's most recent reported fundamentals.

CSR - Centerspace

Price: -- -- | CONSENSUS: Hold DETAILS | PRICE TARGET: $64.25 DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Real Estate Investment Trust 85% confidence

Primary model: P/FFO × Residential REIT Multiple

Valuation Signal Undervalued Strong

Trading 57.6% below fair value

Current Price $55.73

Bear Case $110.88 99.0% upside ($110.88 - $55.73) / $55.73 = 99.0% $7.79 FFO × 21x

Fair Value $131.56 136.1% upside ($131.56 - $55.73) / $55.73 = 136.1% $7.79 FFO × 25x

Bull Case $152.24 173.2% upside ($152.24 - $55.73) / $55.73 = 173.2% $7.79 FFO × 29x

Adjust Assumptions

P/FFO Multiple

24.7x

FFO per Share

7.79$

Key Value Driver

FFO/share ($7.79) × residential P/FFO multiple

Implied Market Multiple 7.2x

Plain-Language Summary

Our base-case estimate uses P/FFO × Residential REIT Multiple. We then blend that result with the average analyst price target of $64.25 from 11 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $131.56 per share.

Warnings

⚠ Standard profit figures are misleading for real estate companies — large non-cash accounting charges make profits look artificially low. Dividend yield and funds from operations are better measures.

⚠ Dividend yield of 5.5% is unusually high — make sure the company generates enough cash to keep paying it.

ℹ Dividend-based valuation: $45.92 (69% below our primary estimate). Large gaps suggest the dividend may not fully reflect the company's value.

ℹ Wall Street's average price target is $64.25 (from 11 analysts). Our estimate is 131% above the consensus -- consider that gap carefully.

Key Risks

P/E and EV/EBITDA are structurally wrong for REITs — use P/FFO and NAV
Interest rate sensitivity: REIT multiples compress when rates rise
FFO approximation (NI + D&A) may include gains on property sales — verify