Centerspace Announces Distributions For The 1st Quarter Of Calendar Year 2021

Rhea-AI Summary

Centerspace has declared a quarterly distribution of $0.70 per share for common shareholders, payable on April 12, 2021. This is for shareholders on record by the close of business on March 31, 2021. Additionally, a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE: CSR PRC) is set for March 31, 2021, for those recorded by March 15, 2021. Centerspace manages 68 apartment communities across several states, with a focus on integrity and service.

Positive

• Quarterly distribution of $0.70 per share indicates a commitment to returning value to shareholders.
• Series C preferred shares distribution of $0.4140625 reflects consistent dividend policy.

Negative

• None.

MINNEAPOLIS, March 5, 2021 /PRNewswire/ -- NYSE: CSR. Centerspace's Board of Trustees announced today that it has declared a regular quarterly distribution of $0.70 per share/unit, payable on April 12, 2021, to common shareholders and unitholders of record at the close of business on March 31, 2021.

The Board of Trustees also declared a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE: CSR PRC), payable on March 31, 2021, to holders of record at the close of business on March 15, 2021. Series C preferred share distributions are cumulative and payable quarterly in arrears at an annual rate of $1.65625 per share.  

About Centerspace
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, the company now owns 68 apartment communities consisting of 12,166 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2020 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.

If you would like more information about this topic, please contact Emily Miller, Investor Relations, at (701) 837-7104 or IR@centerspacehomes.com.

Contact Information
Emily Miller, Investor Relations
Phone : (701) 837-7104
E-mail : IR@centerspacehomes.com

 

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SOURCE Centerspace

FAQ

What is the quarterly dividend announced by Centerspace for March 2021 (CSR)?

Centerspace announced a quarterly distribution of $0.70 per share for common shareholders, payable on April 12, 2021.

What is the distribution amount for CSR PRC shareholders?

The distribution for 6.625% Series C Cumulative Redeemable Preferred Shares (CSR PRC) is $0.4140625, payable on March 31, 2021.

What is the record date for the Centerspace common shareholders' distribution?

The record date for common shareholders is March 31, 2021.

When will CSR PRC shareholders receive their distribution?

CSR PRC shareholders will receive their distribution on March 31, 2021.

How many apartment communities does Centerspace operate?

Centerspace operates 68 apartment communities across several states.