CENTERSPACE ANNOUNCES QUARTERLY DIVIDEND

Rhea-AI Summary

Centerspace (NYSE: CSR) has declared a quarterly distribution of $0.73 per share, payable on April 10, 2023, to shareholders of record by March 31, 2023. Additionally, a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (CSR.PRC) will be paid on March 31, 2023, to holders on record by March 15, 2023. This reflects Centerspace's commitment to returning income to shareholders while managing its growing portfolio of 84 apartment communities across six states.

Positive

• Quarterly dividend of $0.73 per share boosts shareholder return.
• Distribution of $0.4140625 per preferred share reflects ongoing commitment to investors.
• Continuous growth with 84 apartment communities indicates strong operational presence.

Negative

• None.

MINNEAPOLIS, March 3, 2023 /PRNewswire/ -- Centerspace's (NYSE: CSR) Board of Trustees announced today that it has declared a regular quarterly distribution of $0.73 per share/unit, payable on April 10, 2023, to common shareholders and unitholders of record at the close of business on March 31, 2023.

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, 2023, to holders of record at the close of business on March 15, 2023. 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 84 apartment communities consisting of 15,065 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2022 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.

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

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

 

 

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SOURCE Centerspace

FAQ

What is Centerspace's quarterly dividend amount for 2023?

Centerspace's quarterly dividend is $0.73 per share.

When will the dividend be paid to shareholders of Centerspace?

The dividend will be paid on April 10, 2023.

What is the payment date for Centerspace's Series C preferred shares?

The payment date for the Series C preferred shares is March 31, 2023.

What is the dividend rate for Centerspace's Series C preferred shares?

The Series C preferred shares have an annual dividend rate of $1.65625 per share.