CENTERSPACE ANNOUNCES DISTRIBUTIONS FOR THE 2nd QUARTER OF CALENDAR YEAR 2022

Rhea-AI Summary

Centerspace's Board of Trustees has declared a regular quarterly distribution of $0.73 per share/unit, payable on July 11, 2022 to shareholders and unitholders of record by June 30, 2022. Additionally, a distribution of $0.4140625 per share has been announced for the 6.625% Series C Cumulative Redeemable Preferred Shares, payable on June 30, 2022 to holders of record by June 15, 2022. The Series C preferred shares have an annual rate of $1.65625. Centerspace operates 83 apartment communities across several states, emphasizing integrity and service.

Positive

• Quarterly distribution of $0.73 per share enhances shareholder returns.
• Cumulative distributions on Series C preferred shares offer reliable income at an annual rate of $1.65625.

Negative

• None.

MINNEAPOLIS, June 3, 2022 /PRNewswire/ -- NYSE: CSR. Centerspace's Board of Trustees announced today that it has declared a regular quarterly distribution of $0.73 per share/unit, payable on July 11, 2022 to common shareholders and unitholders of record at the close of business on June 30, 2022.

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 June 30, 2022, to holders of record at the close of business on June 15, 2022. 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 currently owns 83 apartment communities consisting of 14,838 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 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

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/centerspace-announces-distributions-for-the-2nd-quarter-of-calendar-year-2022-301561080.html

SOURCE Centerspace

FAQ

What is the quarterly distribution declared by Centerspace for Q2 2022?

Centerspace has declared a quarterly distribution of $0.73 per share/unit, payable on July 11, 2022.

When is the distribution for Series C preferred shares payable?

The distribution for Series C preferred shares is payable on June 30, 2022.

What is the amount of the distribution for the Series C preferred shares?

The distribution amount is $0.4140625 per share for the Series C preferred shares.

What is the annual rate for Series C Cumulative Redeemable Preferred Shares?

The annual rate for Series C Cumulative Redeemable Preferred Shares is $1.65625 per share.

When is the record date for the quarterly distribution of common shares?

The record date for the quarterly distribution of common shares is June 30, 2022.