HIGHBuilt-inProperty_type
multifamily housing
“10-K Item 1A: 'Substantially all of our investments are concentrated in the multifamily housing sector.'”
CSR · Concentration risk · 10-K extracted
D/B/A Centerspace (CSR) concentration risks
Updated
The most significant concentration D/B/A Centerspace discloses is multifamily housing, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: D/B/A Centerspace’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inGeographic
Midwest and Mountain West
“10-K Item 1A: 'Our overall operations are concentrated in the Midwest and Mountain West regions of the United States.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Centerspace's concentration risk is entirely structural, reflecting the nature of a real estate investment trust with a defined property-type and regional focus rather than any single-counterparty dependency. Substantially all of the company's investments are concentrated in the multifamily housing sector, and its overall operations are concentrated in the Midwest and Mountain West regions of the United States — both disclosed as high-share concentrations. Because these two exposures compound rather than offset each other, Centerspace's results are tied jointly to the health of one property type and one set of regional economies: a downturn in multifamily demand or rents, or a regional economic slowdown across the Midwest and Mountain West, would flow through essentially the entire portfolio rather than being cushioned by diversification into other property types or geographies. This is the profile most likely to move the verdict, since there is no disclosed customer or supplier dependency to offset it — the risk here is fundamentally about sector and regional cyclicality rather than any individual counterparty relationship.
For the engine’s reasoning on CSR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Residential
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMH | American Homes 4 Rent | 2 | 0 | 0 | 2 |
| CSR● | D/B/A Centerspace | 2 | 0 | 0 | 2 |
| CPT | Camden Property Trust | 1 | 0 | 0 | 1 |
| ELS | Equity Lifestyle Properties, In | 0 | 1 | 3 | 4 |
| AIV | Apartment Investment and Manage | 0 | 1 | 0 | 1 |
| AVB | AvalonBay Communities, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.