CENTERSPACE ANNOUNCES QUARTERLY DIVIDEND

Rhea-AI Summary

Centerspace has declared a quarterly dividend of $0.73 per share, payable on January 12, 2023, to shareholders of record as of January 2, 2023. Additionally, the company will distribute $0.4140625 per share on its 6.625% Series C Cumulative Redeemable Preferred Shares, with payment on December 30, 2022, to holders of record by December 15, 2022. These dividends reflect Centerspace’s commitment to returning value to its investors and maintaining a steady income stream from its operations across 84 apartment communities.

Positive

• Declaration of a quarterly dividend of $0.73 per share, enhancing shareholder returns.
• Additional distribution of $0.4140625 per share on Series C Preferred Shares, demonstrating commitment to preferred shareholders.

Negative

• None.

MINNEAPOLIS, Dec. 2, 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 January 12, 2023, to common shareholders and unitholders of record at the close of business on January 2, 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 December 30, 2022, to holders of record at the close of business on December 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 84 apartment communities consisting of 15,064 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 the amount of the dividend declared by Centerspace for shareholders?

Centerspace has declared a quarterly dividend of $0.73 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on January 12, 2023, to shareholders of record as of January 2, 2023.

What is the distribution for Series C Preferred Shares?

The distribution on Series C Preferred Shares is $0.4140625 per share, payable on December 30, 2022.

How often does Centerspace pay dividends?

Centerspace pays dividends quarterly.

What is the annual rate of the Series C Preferred Shares?

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