Centerspace Announces Distributions For The 2nd Quarter Of Calendar Year 2021

Rhea-AI Summary

Centerspace (NYSE: CSR) announced a regular quarterly distribution of $0.70 per share, payable on July 12, 2021. This is to be distributed to shareholders recorded by June 30, 2021.

Additionally, a distribution of $0.4140625 per share is declared for the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE: CSR PRC), payable on June 30, 2021. Holders must be recorded by June 15, 2021. The annual rate for preferred shares totals $1.65625 per share.

Positive

• Regular quarterly distribution of $0.70 per common share indicates ongoing commitment to shareholder returns.
• Cumulative distribution for Series C Preferred Shares highlights strong financial management.

Negative

• None.

MINNEAPOLIS, June 4, 2021 /PRNewswire/ -- Centerspace's (NYSE: CSR) Board of Trustees announced today that it has declared a regular quarterly distribution of $0.70 per share/unit, payable on July 12, 2021, to common shareholders and unitholders of record at the close of business on June 30, 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 June 30, 2021, to holders of record at the close of business on June 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 currently owns 62 apartment communities consisting of 11,579 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 distribution amount declared by Centerspace for common shareholders?

Centerspace declared a quarterly distribution of $0.70 per share for common shareholders.

When will the distribution for Centerspace's Series C Preferred Shares be paid?

The distribution for the Series C Preferred Shares will be paid on June 30, 2021.

What is the record date for receiving the $0.70 distribution from Centerspace?

The record date for the $0.70 distribution is June 30, 2021.

How much is the distribution per share for Centerspace's Series C Preferred Shares?

The distribution for the Series C Preferred Shares is $0.4140625 per share.

What is the annual distribution rate for Centerspace's Series C Preferred Shares?

The annual distribution rate for the Series C Preferred Shares is $1.65625 per share.