Centerspace: One Of The Cheapest Multifamily REITs

T E Svetlana123 Centerspace (NYSE:CSR), incorporated in 1970 and headquartered in Minot, ND, owns and operates multifamily properties primarily in Minnesota and Colorado. The growth of its business in the past leaves much to be desired, and the returns have been underwhelming. However, the markets in which the REIT mainly operates suggest a good outlook, even though rent growth is decelerating. More importantly, the shares are greatly undervalued, but leverage is not very high, liquidity is adequate, and it ...