CenterspaceCSR +0.71%68 Earnings Yield (Joel Greenblatt) % is 2.76% as of Mar. 2026, which is 123% above its 10-year median of 1.24. GuruFocus rates CSR with a GF Score™ of 68/100 and a GF Value™ of $59.03 (Fairly Valued). The stock has 6 warning signs investors should review. Among 971 REITs companies, Centerspace ranks worse than 57.78% on this metric.
Centerspace's Enterprise Value for the quarter that ended in Mar. 2026 was $2,094.5 Mil.
Centerspace's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $57.9 Mil. Centerspace's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 2.76%.
The historical rank and industry rank for Centerspace's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CSR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.6 Med: 1.24 Max: 8.27
Current: 2.81
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Centerspace was 8.27%. The lowest was -0.60%. And the median was 1.24%.
CSR's Earnings Yield (Joel Greenblatt) % is ranked worse than 57.78% of 971
companies
in the REITs industry
Industry Median: 3.5
vs CSR: 2.81
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Centerspace's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 11.45%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Centerspace Earnings Yield (Joel Greenblatt) % Related Terms
Centerspace Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Centerspace's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Residential subindustry, Centerspace's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Centerspace Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Centerspace's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Centerspace's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Centerspaces Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Centerspace's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $57.9 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 2.76% mean?
Centerspace (CSR) has a Earnings Yield (Joel Greenblatt) % of 2.76% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Centerspace and its competitors. This is 123% above median its historical median of 1.24. According to the industry distribution chart, Centerspace ranks #561 out of 971 companies in the REITs industry, placing it in the top 57.8%.
Is Centerspace's Earnings Yield (Joel Greenblatt) % too high?
Centerspace's current Earnings Yield (Joel Greenblatt) % of 2.76% is 123% above median its 10-year median of 1.24. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.50. Centerspace's value of 2.76% is 21.1% below this industry median. Based on the distribution chart, Centerspace ranks #561 out of 971 companies in the REITs industry, which is below the industry midpoint. Overall, Centerspace has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Centerspace's Earnings Yield (Joel Greenblatt) % compare to NXRT and UMH?
According to the REITs industry distribution chart, Centerspace ranks #561 out of 971 companies for Earnings Yield (Joel Greenblatt) %. This places Centerspace in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.50. Centerspace's value of 2.76% is 21.1% below this benchmark. While the company's 10-year median is 1.24 vs. the industry median of 3.50, Centerspace has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.50, based on 971 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Centerspace's current Earnings Yield (Joel Greenblatt) % of 2.76% is 21.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Centerspace and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Centerspace's current Earnings Yield (Joel Greenblatt) % is 2.76%, which is 123% above median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centerspace stock overvalued right now?
Based on GuruFocus' analysis, Centerspace (CSR) is currently considered Fairly Valued. The stock's GF Value™ is $59.03, compared to a current price of $55.57 — trading 5.9% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 2.76%, which is 123% above median its 10-year median of 1.24 and 21.1% below the REITs industry median of 3.50. Centerspace's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Centerspace (CSR), the current Earnings Yield (Joel Greenblatt) % is 2.76% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Centerspace (CSR) Overvalued in 2026?
Based on GuruFocus' analysis, Centerspace stock appears to be undervalued.
The current stock price of $55.57 is trading 5.9% below its estimated GF Value™ of $59.03.
GuruFocus considers Centerspace to be Fairly Valued.
Key valuation signals for CSR:
Earnings Yield (Joel Greenblatt) %: 2.76% (123% above median its 10-year median of 1.24)
GF Value™: $59.03 vs. price of $55.57 (5.9% below fair value)
Industry Position: 21.1% below the REITs median (#561 of 971)
No single metric tells the full story. See the CSR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, acquisitions, redevelopment, and development of apartment communities. The company operates through a single reportable segment which includes the ownership, management, development, redevelopment, and acquisition of apartment communities and conduct their corporate operations from offices in Minot, North Dakota and Minneapolis, Minnesota.
68GF Score
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