Centerspace Announces Distributions For The 4th Quarter Of Calendar Year 2021

Rhea-AI Summary

Centerspace announced a regular quarterly distribution of $0.72 per share, payable on January 14, 2022, to shareholders on record as of January 3, 2022. Additionally, a distribution of $0.4140625 per share will be made for the 6.625% Series C Cumulative Redeemable Preferred Shares, payable on December 31, 2021, to holders of record by December 15, 2021. The series C shares yield an annual rate of $1.65625 per share. Centerspace operates 79 apartment communities with 14,275 homes across six states.

Positive

• Regular quarterly distribution of $0.72 per share confirms stable income for shareholders.
• Cumulative preferred share distribution indicates ongoing commitment to preferred shareholders.
• Centerspace operates 79 apartment communities, demonstrating a strong market presence.

Negative

• None.

MINNEAPOLIS, Dec. 3, 2021 /PRNewswire/ -- NYSE: CSR. Centerspace's Board of Trustees announced today that it has declared a regular quarterly distribution of $0.72 per share/unit, payable on January 14, 2022, to common shareholders and unitholders of record at the close of business on January 3, 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 December 31, 2021, to holders of record at the close of business on December 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 79 apartment communities consisting of 14,275 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

 

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SOURCE Centerspace

FAQ

What is the quarterly distribution declared by Centerspace for December 2021?

Centerspace declared a quarterly distribution of $0.72 per share payable on January 14, 2022.

When is the preferred share distribution for CSR.PRC?

The preferred share distribution of $0.4140625 is payable on December 31, 2021.

What is the annual rate for the Series C preferred shares of Centerspace?

The annual rate for Series C preferred shares is $1.65625 per share.

How many apartment communities does Centerspace own?

Centerspace owns 79 apartment communities.

What is the total number of homes managed by Centerspace?

Centerspace manages a total of 14,275 homes.