MINNEAPOLIS, Aug. 30, 2021 /PRNewswire/
-- NYSE: CSR. Centerspace announced today that the Board
of Trustees has declared a regular quarterly distribution of
$0.72 per share/unit, payable on
October 11, 2021, to common
shareholders and unitholders of record at the close of business on
September 30, 2021. This
represents a $0.02 increase over the
prior distribution and the first increase in over 10 years.
"The Board and Management are committed to responsible capital
allocation; we are pleased to be positioned to grow our
distribution after a five-year transition to a focused
owner-operator of apartment homes," said Mark O. Decker Jr., President and CEO.
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 September 30, 2021, to
holders of record at the close of business on September 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 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.
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SOURCE Centerspace